Brazil: General Mills offloads dough operations to 3Coracoes
General Mills, the US food giant, has entered into an agreement to sell its Brazil-based dough business to 3Coracoees, the largest coffee roaster in South America, for an undisclosed sum. The transaction includes the Carolina brand, the chilled dough and pasta segments of the Yoki brand, and a manufacturing facility in Ribeirao Preto. General Mills, […]
Brazil: 3Coracoes to acquire Cia Iguacu
The Brazilian coffee company 3Coracoes is set to acquire its smaller rival Cia Iguacu, which is part of the Japanese group Marubeni, according to a report in New Trade. 3Coracoes said the acqusition, which is subject to approval from competition authorities, would reinforce its market leading position in coffee products in Brazil, in particular strengthening […]