Brazil: Brasil Kirin invests R$900 million to extend factory
Brasil Kirin, the Brazilian subsidiary of Kirin Holdings Company, has announced plans to extend its production line in Igarassu, in Pernambuco state, Brazil. The expansion works are reportedly already underway and will be divided into six stages, with an initial investment of R$400 million ($124 million). They are estimated to be completed within the next […]
Brazil: Ambev acquires Brazilian craft brewer Colorado
Ambev, Brazil’s largest alcoholic drinks company, has announced the acquisition of the craft brewer Colorado for an undisclosed sum. Based in Ribeirao Preto in the state of Sao Paulo, Colorado is described as having an annual turnover of R$18 million ($6 million) and yearly production of 120,000 litres. The move is reportedly part of AmBev’s […]
Chile: BAT to cease operations
British American Tobacco (BAT) has announced the closing of its operations in Chile due to changes in tobacco regulations in the country, according to a report in ABC News. The move is said to be in response to new restrictions and requirements on cigarette companies in the country, including the banning of additives such as […]
Mexico: Bimbo to acquire Panrico’s cakes business
Bimbo Group has announced that it has reached a definitive agreement to acquire Panrico, the Spain-based bakery business, for €190 million ($209 million). The acquisition includes brands such as Donuts, Donettes, Bollycao, La Bella Easo, Eidetesa and Qe!, but excludes the packaged bread business, the company said. Panrico had annual sales of approximately €280 million […]
Brazil: Pao de Acucar opens ‘winter only’ store
Grupo Pao de Acucar, the leading Brazilian supermarket chain, has opened a new branch of its Minuto Pao de Acucar convenience stores that is scheduled to be open for only one month during the wintertime. Located in in the Market Plaza shopping centre in Campos do Jordao, Sao Paulo, the store opened on the 3rd […]
Brazil: Bauducco to open first overseas factory
Bauducco, the Brazilian producer of biscuits, crispbreads, panettones and other bakery products has announced plans to build its first factory outside of Brazil to support growth in its export markets. The new factory is scheduled to be completed in 2016 and will be located in Miami, USA. Bauducco, which is part of the Pandurata Alimentos […]
Brazil: Coca-Cola Femsa looking to enter dairy market
Coca-Cola Femsa, the world’s largest Coca-Cola bottler, is looking to enter the Brazilian dairy market through inorganic means, according to a report in Supermercado Moderno. The company is reportedly investigating the possibility of acquiring a Brazilian dairy producer, allowing it to replicate investments already made in Mexico and Panama. Speaking at the inauguration of the […]
Brazil: JBS to acquire Moy Park
Brazilian meat firm JBS is set to acquire Moy Park, the British unit of Marfrig Global Foods, for $1.5 billion, according to a report in Business Insider quoting AFP. The purchase is said to further JBS’s plans to expand its presence in the European processed foods market. JBS will pay $1.19 billion in cash as […]
Argentina: PepsiCo invites fans to co-create TV advert
PepsiCo in Argentina has announced its first commercial developed in collaboration with fans of the drinking chocolate brand Toddy, inspired by contributions on the company’s social media accounts. As part of a campaign labelled “we know about making chocolate, not adverts”, the initiative took place at 6pm local time on the 12th June. Consumers participated […]
Brazil: Coca-Cola Femsa inaugurates facility in Itabirito
Coca-Cola Femsa has opened the doors to its latest facility in Brazil, located in Itabirito, in the state of Minas Gerais. The result of an investment of US $258 million, the new plant is reported to have been constructed over an area of approximately 65,000 square metres, on a site of around 300,000 square metres. […]