Brazil: Carrefour to open 70 Express stores in 2017
French retail giant Carrefour has announced plans to almost double the number of Carrefour Express stores it operates in Brazil, according to an article in Giro News. The retailer currently has 75 stores operating under the Carrefour Express banner in Brazil and plans to open 70 more in 2017, Carrefour CEO Georges Plassat is reported as […]
Mexico: Henkel to acquire Nattura Laboratorios
German household and personal care giant Henkel, has announced that it has signed an agreement to acquire haircare firm Nattura Laboratorios and associated companies in the USA, Colombia and Spain. Headquartered in Guadalajara, Mexico, Nattura Laboratorios is primarily a manufacturer of professional haircare products, but is also active in the retail space through the styling […]
Brazil: Pepsico in negotiations to acquire Vigor – reports
Food and soft drinks giant PepsiCo has reportedly opened negotiations to acquire Vigor, a Brazilian dairy company owned by J&F group. According to Valor, PepsiCo has made two proposals to acquire the dairy company but up to this moment there was no consensus on the value of the transaction. The last value offered was reportedly […]
Mexico: Grupo Bimbo acquires Panattiere and Stonemill Bakehouse
Grupo Bimbo, one of the world’s leading bakery firms, has reached an agreement to acquire Panattiere, a frozen bakery firm based in Colombia. Established in 2015, Panattiere specializes in pre-baked and frozen baked products, including baguettes, ciabatta, puff pastry, croissant, soft bread, sandwich rolls and muffins. Daniel Servitje, Grupo Bimbo chairman and chief executive officer, said […]
Chile: Parmalat acquires cheese companies
Parmalat, the Italian dairy firm owned by the Lactalis group, has announced the acquisition, through its subsidiary La Vaquita Holding, of a number of Chilean companies specialised in the production of cheese. According to company press release, four cheese facilities were acquired for about € 100 million (£ 86 million), where the full amount was […]
Brazil: Procter & Gamble invests in innovation centre
US multinational Procter & Gamble has recently announced the investment of R$150 million ($50 million) in an innovation centre in Campinas, Brazil. According to Meio & Mensagem, the centre will focus on research and development for Latin America in the segments of baby care, beauty, household and hygiene, women’s and oral products, with the goal […]
Brazil: Heineken to acquire Brasil Kirin
Multinational Dutch brewer Heineken has agreed to acquire Brasil Kirin, one of the largest beer and soft drinks producers in Brazil, in a €665 million ($702 million) deal. As a result of the acquisition, Heineken said it would extend its footprint in Brazil, increasing its brand portfolio and becoming the second largest beer company in the […]
Brazil: Nestle to open new pet food plant
Food and drinks multinational Nestle has announced an investment of R$270 million ($86 million) in the opening of a new Nestle Purina plant to manufacture pet food in Brazil, reportedly the first to produce wet pet food in Latin America. According to a statement released by Nestle, the plant will be located in Ribeirao Preto […]
Mexico: Ilis dairy brand launched by Sonora milk producers
Dairy producers in the state of Sonora, Mexico have joined forces to launch a line of products under the brand name Ilis via an investment of M$132 million ($6.1 million). According to El Financiero, the investment is part of an effort to support milk producers in the state, backed by the UGRS (Regional Livestock Union […]
Brazil: Frimesa invests R$800 million in new plant
Brazilian meat manufacturer Frimesa has announced an investment of R$800 million ($251 million) to develop Brazil’s largest plant for pork-based products. According to Giro News, the facility will be 141,000 sq m in size, constructed on a plot of 115 hectares, and located in the city of Assis Chateaubriand in Parana. The first phase is expected […]