Market

UK-based dairy group Meadow Foods is investing £4 million in a new facility for the production of plant-based milk alternatives including creams, yoghurts and custard, as well as oat, rice and coconut-based drinks.

Campari Group has acquired a 49% stake in Tannic, Italy’s leading platform for the online sale of wines and premium spirits, with the option to increase its interest to 100% in 2025.

Fattorie Garofalo, an agri-food company founded more than 60 years ago in the town of Capua in Italy’s Campania region and with operations in the dairy

Risultati economici oltre le aspettative per il colosso cinese Alibaba che, così come accaduto per gli altri attori dello shopping online, svela un trend delle vendite cresciuto a doppia velocità.

The multinational Tata Consumer Products has agreed to acquire PepsiCo’s stake in NourishCo Beverages, the Indian 50:50 joint venture set up between the two firms in 2010.

Monini, a pioneering Italian extra virgin olive oil producer based in the Umbria region, has announced a sustainability plan that will see it invest €25 million by 2030 in three major areas: “In campo” (“In the field”), “Dentro la bottiglia” (“In the bottle”) and “Sulla tavola” (“On the table”).

Brazilian companies Marfrig and Archer Daniels Midland (ADM) have formed a new joint venture company (owned 70%-30% respectively) which will offer plant-based food products in North and South America under the new PlantPlus Food brand name.

The Switzerland-based international confectionery group Barry Callebaut has signed an agreement to acquire GKC Foods, one of Australia’s largest chocolate producers, with the aim of expanding its presence in Australia and New Zealand.

Ambienta, a European Private Equity fund focused on sustainability, has acquired 100% of Create Flavours, one of the largest UK producers of natural flavours for the food & beverage industry.

In a deal worth £780 million, Carlsberg and Marston’s have formed a joint venture aimed at strengthening the Danish brewer’s presence in the pub sector.

With an approved plan worth CHF 100 million (US$ 103 million), Nestlé has launched a series of strategic investments aimed at strengthening its footprint in China.

Orsero, a company listed on the STAR segment of Borsa Italiana’s equity market, has escaped the impact of the Covid-19 pandemic and posted 7.9% growth in net revenues in Q1 to €240.9 million.

The Thai group TCP, owner of the popular Red Bull brand, is expanding its business in China with a series of investments totalling $150 million over the next three years.

German company Gerhard Klapp has sold 85% of its subsidiary Klapp Cosmetics to private equity firm Mandarin Capital Partners.

Swiss group Givaudan, the global leader in the flavours and fragrances sector, has entered into an agreement to divest part of its dairy business (processed, grated, analogue and air-dried cheese) to the St. Paul Group, a cheese specialist with premises in Belgium and the Netherlands.

In March, ILIP (ILPA group) posted double-digit sales growth in the packaging segment, including a particularly strong increase in exports, driven by the surge in demand for plastic packaging for fruit and vegetables.

The Hershey Company, one of the largest US manufacturers of chocolate snacks, is committing $1 million to install a new line for the production of facemasks in response to the shortage of protective equipment in the United States.

The Bizerte Agri-food Technopole has conducted a study to assess the impact of Covid-19 on the Tunisian agri-food industries.

Along with food and drink, a surge in demand for beauty products has driven Esselunga’s online sales since the beginning of the pandemic.

Many consumers have made an effort to eat more healthily during the lockdown