Alicorp Pursues Acquisition of Flora Food Group’s Assets in Latin America
Alicorp has recently formalized an agreement to acquire several businesses from Flora Food Group in Latin America, expanding its influence in the food and beverage...
Category : Finance
Rise Baking Expands U.S. Facility While Shutting Down Another
Rise Baking is set to enhance one of its U.S. manufacturing sites while planning to close another as part of its strategy to optimize its...
General Mills offloads Brazil assets to Grupo 3corações
General Mills has agreed to divest its Brazilian operations to domestic food and beverage group Grupo 3corações, marking a significant step in the US company’s...
Hershey “unifies” US operating model
Hershey has introduced a major overhaul of its US commercial operations, reshaping how its confectionery, salty snacks and protein ranges are brought to market. Announced...
Maker’s Pride, Formerly Hearthside, to Shut Down Two US Facilities
Maker’s Pride, the US contract manufacturer formed from the bankruptcy of Hearthside Food Solutions, is set to close two factories as part of its restructuring...
Spain’s Grupo Gallo Partners with Chefs to Launch Broths in US Retail Market
Spain’s Grupo Gallo is set to launch a new range of broths in the United States through a collaboration with renowned chef José Andrés. This...
Löfbergs CEO to Depart for Leadership Role at Humble
Anders Fredriksson, the current CEO of the Swedish coffee business Löfbergs, is transitioning to lead the local FMCG group Humble. His appointment marks a significant...
Campbell’s Seeks to Rebuild Snack Margins Following Decline
The Campbell’s Company is optimistic about revitalizing its snacks division during the latter half of the fiscal year. The goal includes stabilizing margins by the...
Bel Group Invests $200 Million in Babybel Plant Expansion
Bel Group is making a significant move by investing $200 million to enhance the production capabilities of its Babybel cheese line in the United States....
Union Calls Kraft Heinz’s Plan to Close NZ Factories “Devastating”
Heinz Wattie’s, a subsidiary of the US-based Kraft Heinz Company, is set to shut down several factories across New Zealand, potentially affecting around 350 jobs,...