Colombia: Alqueria to invest €13 million over next three years
The Colombian dairy company Alqueria has announced plans to invest $13 million ($17.8 million) in its business over the next three years to upgrade its production facilities and expand into new markets. The company currently produces 300 million of litres of milk per year but, as a result of the investment, intends to increase capacity […]
Mexico: Bimbo / Canada Bread deal receives approval
Grupo Bimbo, S.A.B. de C.V.’s acquisition of Canada Bread Co. Ltd. is set to close on May 23rd after the Canadian Minister of Industry gave approval for the transaction to be completed. Food Business News reports that the transaction previously received shareholder approval and clearance under the Competition Act and the Hart-Scott-Rodino Act. It also […]
Brazil: Sagatiba launches limited edition cachaca to celebrate 10th anniversary
Sagatiba, a leading producer of the Brazilian sugar cane spirit cachaca, is marking its 10th anniversary with the launch of a special edition bottle design. Unveiled in 2004, Sagatiba has now completed its first decade in business and is marking the occasion with a new design which is described as promoting the genuine ‘Brazilianness’ of […]
Brazil: Avon creates virtual Facebook store
Avon, the world’s leading direct sales cosmetics company, is expanding its social media presence in Brazil with the launch of a new virtual shop on Facebook. Dubbed ‘Avon Beleza Vitrine’, the new portal will alow the company to promote its products and facilitate communication with its resellers. Customers will be able to ‘like’ Avon products […]
Brazil: Ducoco Alimentos launches coconut water for kids and forms new partnership with WWF Brazil
In Brazil, Ducoco Alimentos e Bebidas, the manufacturer of the brands Ducoco and Menina, has launched a new line of coconut water targeting kids, a product described as the first of its kind for the country. The coconut water drink, a blend of coconut water and fruit juice, is sold in 200ml cartoons and is […]
Mexico: Beiersdorf to open new factory by middle of the year
Beiersdorf has announced that its new facility in Mexico City, Mexico will be complete by the middle of this year, in a project described by CEO Stefan Heidenreich as the company’s most ambitious anywhere in the world. With an investment of $130 million, the new plant will act as a regional laboratory where products targeted […]
Mexico: SCA to invest $31.5 million in 2014
Svenska Cellulosa Aktiebolaget (SCA), the Swedish manufacturer of paper products, is to invest $31.5 million in Mexico in 2014, El Universal reports. In an interview with the Mexican newspaper, Pablo Fuentes, CEO of Svenska Cellulosa Aktiebolaget in Latin-America, explained that the funds would be used to expand a factory in Ecatepec as well as boosting […]
Brazil: Fhom launches “Brazil’s first” organic crisps
In an attempt to tap into the market for health-oriented and ethical snacking, Fhom Alimentos has launched Bem Organico Crisps, a product claimed to be the first organic product of its kind in Brazil, according to Diario do Grande ABC. According to information, the product line took over a year and more than R$250 million […]
Mexico: Bimbo to buy Canada Bread for $1,655 million
The Mexican company Grupo Bimbo has agreed to pay C$1,830 million (about US$1,655 million) to acquire all the shares of Canada Bread Limited. As part of the acquisition, Bimbo will pay C$72 (US$65) for each of the 25.4 million shares in the company, it is reported. According to a Bimbo statement, the purchase “will drive […]
Colombia: Casino strengthens presence in South America
Exito, a subsidy of French retailer Groupe Casino, has expanded its operations in Colombia through the acquisition of 19 Colombia Super Inter stores in 2014 and the operation of 31 remaining stores that will be subject to purchase in 2015. Casino has operated in 83 cities in Colombia through its Exito offshoot since 1999, mostly […]