Mexico: Arca Continental merges with Corporacion Lindley
The Coca-Cola bottlers Arca Continental of Mexico and Corporacion Lindley of Peru have announced an alliance that will create one of the world’s largest Coca-Cola bottling firms. The new entity will have revenues of approximately $5.4 billion and EBITDA of $1.1 billion. Currently, Mexican firm FEMSA is the largest private Coca-Cola bottler with revenues of […]
Argentina: Bimbo to invest $54 million
Mexican bakery firm Bimbo is looking to strengthen its operations in Latin America after announcing a new investment of $54 million in Argentina, according to a report in Revista Info Retail. The company said the investment would be used to build a new factory and a distribution centre, both of which are to be located […]
Chile: Carozzi acquires Alimentos Pancho Villa
Carozzi, the Chile-based food, non-alcoholic drinks and pet care multinational, has announced the acquisition of 100% of the shares in Alimentos Pancho Villa, a company in the flour and corn tortilla segments that manufactures wraps, burritos, corn chips, sauces and seasonings. The transaction is said to have closed at 7,643,000 CLP ($11.1 million), corresponding to […]
Brazil: Ajinomoto sells stake in Nissin-Ajinomoto
Seasonings firm Ajinomoto has announced that it sold its stake in Nissin-Ajinomoto Alimentos, a Brazilian joint venture established between itself and fellow Japanese firm Nissin, to Nissin Foods Holdings. The sale of the 50% stake, which is reportedly valued at R$1 billion ($270 million), is set to be concluded by the 30th October 2015. According […]
Brazil: Hershey Brasil and Bauducco end joint venture
Hershey Brasil, the Brazilian arm of the US confectionery company, and Bauducco, a Brazilian firm manufacturing biscuits, panettones and other bakery products, are to cease their joint venture in Brazil, according to a report in Globo. Having been given the green light by the Brazilian competition authority CADE, the Bauducco group company Pandurata will sell […]
Brazil: Wickbold acquires Seven Boys
After a negotiation that is said to have lasted nearly 9 months, Brazilian bakery firm Wickbold has acquired rival Seven Boys for an undisclosed sum. With revenue of approximately R$200 million ($57 million), Seven Boys is said to be the fourth-largest bakery firm in Brazil, operating plants in Porto Alegre (Rio Grande do Sul) and […]
Chile: Femsa mulls market entry
Femsa, the Mexican FMCG and retail conglomerate, is preparing to move into Chile, according to a report in America Retail. The company, which is also the world’s largest Coca-Cola bottler, is said to be looking to install its Oxxo retail chain in the country and also to be exploring a partnership with Andina, Chile’s main […]
Brazil: Unilever to invest R$600 million in new plant
Unilever is investing R$600 million ($172 million) in a new plant and a distribution centre in Pernambuco, Brazil, according to a report in Diario de Pernambuco. The investment is said to be largest amount invested by the group in a new manufacturing complex in Brazil this year. Building work is reportedly scheduled to start next […]
Colombia: Grupo Exito expands internationally with acquisitions in Argentina and Brazil
Grupo Exito, the leading Colombian supermarket that also has a presence in Uruguay, has announced the acquisition of the Argentinean chain of hypermarkets Libertad. In the same transaction, the group also acquired 50% of the voting shares of the Brazilian chain GPA (Grupo Pao de Acucar), equivalent to 18.8% of total capital of the firm. […]
Mexico: Bimbo acquires Italian Home Bakery
Mexico-based bakery firm Grupo Bimbo has announced the acquisition of Italian Home Bakery, the company’s third Canadian acquisition in just over a year. In a conference call, the company’s CEO Daniel Servitje said that the deal had been finalised but did not disclose the amount of the transaction. Toronto-based Italian Home Bakery produces fresh European-style […]