India: PepsiCo to invest 5,700 crore INR in capacity expansion
PepsiCo, the US food and soft drinks giant, has committed to investing 5,700 crore INR ($683 million) in India by 2030 to expand its manufacturing capacity. According to a report in Business World, the capital injection will be deployed over the next five years to meet growing consumer demand. The investment plan is aimed at […]
Australia: Mars to invest A$200 million in local manufacturing
Mars, the global confectionery and pet care giant, has announced plans to invest A$200 million ($132 million) in its Australian manufacturing operations by the end of 2027. The investment is intended to expand production capacity, fuel innovation, and support the company’s renewable energy ambitions across its six regional factories. According to a company press release, […]
India: Wingreens acquires Safe Harvest
Wingreens, the Indian packaged food and beverage company, has acquired domestic organic food brand Safe Harvest in an all-stock share-swap deal. Alongside the acquisition, Wingreens has raised 120 crore INR ($14.4 million) in a Series D funding round led by investor Ashish Kacholia, with participation from Alchemy Fund. The company stated that the capital will […]
India: TMICC expands manufacturing
The Magnum Ice Cream Company (TMICC), the standalone ice cream business formed following its separation from Unilever, is planning to expand its manufacturing footprint in India with the addition of four new factories. The move represents a strategic focus on premium growth and a shift towards dairy-led products within the Indian market. Alongside the manufacturing […]
India: Emami to acquire majority stake in Incnut Digital
Emami, the Indian personal care and FMCG specialist, has entered into an agreement to acquire a 60% majority stake in Incnut Digital, a digital-first beauty and wellness company, for 321 crore INR ($38.4 million). The transaction is structured in two tranches, with Emami initially acquiring a 45.4% stake for 242.9 crore INR ($29.1 million), before […]
India: Elitecon International to invest 700 crore INR in FMCG expansion
Elitecon International, the Indian fast-moving consumer goods (FMCG) company, has announced plans to invest 700 crore INR ($84 million) over the next five years to scale its operations. The capital expenditure is a core pillar of the firm’s “Vision 2030” strategy, which aims to increase annual revenue from its current 150 crore INR ($18 million) […]
India: Dodla Dairy to expand Bihar manufacturing presence
Dodla Dairy, the Indian dairy processing company, is set to establish a new manufacturing unit in Bihar through its wholly owned subsidiary, HR Food Processing Pvt Limited. The company has been allotted 311,333 sq ft (7.15 acres) of land by the Bihar Industrial Area Development Authority (BIADA) on a 90-year lease. Located in the Dumaria […]
India: Cravicious Foods commissions new manufacturing unit
Cravicious Foods, the Indian frozen food manufacturer, has announced the launch of a new production facility in Greater Noida to bolster its presence in the retail and foodservice sectors. The new plant provides 125 metric tonnes of production capacity, supplementing the firm’s existing 300 metric tonne monthly capacity. Equipped with freezing technology, the facility is designed to […]
India: Emami to acquire Axiom Ayurveda for $24 million
Emami, the Indian personal care and healthcare group, is to acquire the remaining 73.5% stake in Axiom Ayurveda in a deal valued at up to 2 billion INR ($24.1 million). Axiom Ayurveda, the Indian health and wellness company, is the manufacturer of the AloFrut brand, which specialises in aloe vera-based fruit juices. According to reports […]
Australia: Pure Foods Tasmania acquires Brilliant Food Australia
Pure Foods Tasmania, the Australian food and beverage producer, has entered a binding agreement to acquire Sydney-based seafood brand Brilliant Food Australia. The all-share transaction is valued at A$300,000 ($207,000), to be satisfied through the issuance of 7.5 million shares at A$0.04 ($0.027) each. Additionally, the vendor has agreed to subscribe for a further A$200,000 […]