Argentina: Walmart to sell business
US-based retailer Walmart has announced that it has reached an agreement to sell its business in Argentina to Grupo de Narvaez. Walmart will not retain an equity stake, but will support the business through transition services and sourcing agreements under the new ownership, the company said. Grupo de Narvaez has retail operations in Argentina, Ecuador, […]
Brazil: Rede Polo to acquire 57 Dia stores
Rede Polo, a retailer based in the state of Rio Grande do Sul, Brazil is reportedly acquiring 57 stores from Spanish supermarket chain Dia. According to sources, Dia recently ceased operations in the state of Rio Grande do Sul, where it had 70 outlets. Four of the stores to be acquired are located in the state capital Porto […]
Brazil: Nestle invests $135 million in manufacturing, operations
Multinational food and drinks giant Nestle has announced investments of R$762 million ($135 million) in its Brazilian operations over the course of this year. The investment is earmarked for both creating new manufacturing lines and modernizing existing ones in the company’s facilities in Sao Paulo, Espirito Santo, Bahia, and Minas Gerais. The investment will be also […]
Brazil: Ultracheese to acquire Bufalo Dourado
Brazilian cheese manufacture Ultracheese, owned by the private equity fund Aqua Capital, has announced the acquisition of Bufalo Dourado for an undisclosed sum. Based in Sao Paulo, Bufalo Dourado is a producer of premium cheese and other dairy products made from buffalo milk. According to sources, this acquisition follows the plan of Ultracheese, to become […]
Brazil: BRF and Marfrig in merger talks
Brazilian food companies BRF and Marfrig have entered into talks to merge their companies and potentially create one of the world’s largest meat producers, the firms have announced. The companies said the potential merger would help to scale and increase geographical and product diversification, including expanding operations in South America, the US and Middle East, […]
Brazil: Grupo Pao de Acucar repositions and expands Qualita private label brand
Brazil’s leading supermarket chain Grupo Pao de Acucar has announced the decision to reposition its private label Qualita brand, launching a number of new sub-brands. According to the retailer’s press release, the private label’s entire product portfolio and pricing have been revisited, with the aim of offering quality items at a lower price than leading brands in […]
Brazil: Florestal Alimentos acquires Chocolates Planalto
Brazilian confectionery maker Florestal Alimentos has announced the acquisition of chocolate firm Chocolates Planalto. Florestal Alimentos and Chocolates Planalto are both base in the Rio Grande do Sul state in southern Brazil, but whilst Florestal Alimentos is specialised in sugar confectionery, Chocolates Planalto is focused solely in artisanal chocolate. The deal will enable Florestal Alimentos […]
Argentina: Grupo Bimbo to invest $20.1 million to increase export capacity
Multinational Mexican bakery company Grupo Bimbo will invest $20.1 million to boost production at the Argentinian plant of San Fernando, to supply neighbouring countries. Four new lines will be added to the existing lines of white and wholegrain bread products to produce pre-cooked frozen baguettes. “Since 1995, we have been betting on this great province, […]
Mexico: Grupo Bimbo acquires East Balt Bakeries
Mexican bakery firm Grupo Bimbo has acquired East Balt Bakeries, a US foodservice supplier of bakery products, for $650 million. With annual sales of over $420 million, East Balt Bakeries is a leading producer of bakery products with a presence across 11 countries in the US, Europe, Asia, the Middle East and Africa. “With the […]
Brazil: Ambev launches Livramento alcoholic drink
Brazilian beverage producer Ambev has introduced a new alcoholic drink inspired by flavours from the northeast of Brazil, named Livramento (‘Deliverance’). Produced in the northeast of Brazil and described by being inspired by the culture of the region, the new lightly sparkling drink is available in the flavours of Honey & Lime and Catuaba (a […]