Brazil: British American Tobacco considers buying out minorities of Souza Cruz
British American Tobacco (BAT) has revealed that it is considering buying out the minority of its Brazilian unit, Souza Cruz SA, thus allowing it to take full control of the largest tobacco company in Brazil, according to a report in Bloomberg. BAT said that it was evaluating a possible public tender offer to acquire up […]
Mexico: San Rafael launches turkey breast sausage
San Rafael has introduced a product which is described as the first sausage made with turkey breast on the Mexican market. Promoted as a healthy part of a main meal, each sausage contains 7.7 grams of protein and 101 calories. Packs contains eight sausages in two separate portions to maintain freshness. Commenting on the launch, […]
Brazil: Coca-Cola to invest R$ 2.7 billion in 2015
Coca-Cola Brazil is to invest R$ 2.7 billion ($0.95 billion) in new production and distribution capacity over the course of 2015, according to a report in Supermercado Moderno. The sum, part of a planned investment of R$ 4.1 billion for the period 2012-2016, will be used to open five new production lines and two distribution […]
Brazil: Muffato plans expansion in 2015
Muffato, a supermarket chain based in the state of Parana in the south of Brazil, has announced plans to extend its presence with the opening of three new stores over the course of 2015. The expansion, the result of an investment of around R$ 100 million ($36 million) involves the opening of two supermarket outlets […]
Mexico: Pernord Ricard to sell Caribe Cooler brand to Bepensa
Pernord Ricard has announced that it has signed an agreement to sell the Mexican FAB brand Mexican Caribe Cooler to Grupo Bepensa. The company said the sale was in line with the strategy of focusing on its wine and spirits business. The deal will include the bottling line related to the production of Caribe Cooler […]
Mexico: Grupo Modelo to invest in Yucatan
Grupo Modelo is to build a new plant in Yucatan, Mexico to expand its beer production, according to an article in El Economista. The 2,200 million peso ($151.7 million) investment is designed to increase Modelo’s production capablitiies. The facility will have an initial capacity of 5 million hectolitres per year, but this is expected to […]
Mexico: Grupo Bimbo to acquire the bakery division of Saputo Inc
Mexico’s Grupo Bimbo has made another step towards strengthening its position in Canada, reaching an agreement to acquire, through its subsidiary Canada Bread Company Ltd, the total shares outstanding of Saputo Bakery Inc., a subsidiary of Saputo Inc. Canada Bread joined the Grupo Bimbo business last February having been acquired from Maple Leaf Foods for […]
Argentina: Beer brand Quilmes opens ‘youth hostel’
The Argentinian brewery Quilmes has opened the doors to the Quilmes Hostel, promoting its beer brand by means of a venture into the hospitality sector. Sited in Mar del Plata, a famous tourist destination on the Atlantic coast, the hostel is primarily geared towards young people looking for somewhere that offers “opportunities for new encounters […]
Mexico: Nestle Mexico to sell ice-cream assets to Grupo Herdez
Grupo Herdez, a leading producer of shelf-stable foods and frozen yogurt in Mexico, has signed an agreement to acquire the ice-cream business of Nestle Mexico (Helados Nestle) for Ps. 1.0 billion ($67 million). The acquisition includes an ice cream manufacturing facility in Lagos de Moreno, Jalisco, distribution equipment and freezers, as well as an exclusive […]
Brazil: PepsiCo to launch Drinkfinity enhanced water concept
Exclusively online and for the Brazilian market, PepsiCo is launching its new fruit-flavoured water brand Drinkfinity. Described by the company as a “personal and portable hydration system”, the new product system is composed of a reusable plastic bottle dubbed “Vessel” that is designed to be used in conjunction with Pods – small capsules containing a […]