Market

Three food & beverage giants have recently announced major investments in Mexico.

IMA Group posted consolidated revenue of €326.1 million in the first quarter of 2019, 6.5% up on the €306.3 million in the same period in 2018. EBITDA also increased from €36.9 million to €38.7 million. EBIT totalled €21.9 million (compared to €28.1 million in the first quarter of 2018) and pre-tax profits €18.2 million (€24.8 million to 31 march last year).

Pregis LLC (Illinois), a provider of innovative protective packaging materials, equipment systems and surface protection, has restructured its business operations in Europe where it operates through Pregis Ltd.

The 2018 figures for wine production, wine consumption and international trade were officially announced by the OIV (International Organisation of Vine and Wine) at its headquarters in Paris on 11 April.

After announcing the acquisition of a 60% interest last December, on 13 May this year Marchesini Group closed the acquisition of CMP PHAR.MA, a company based in Costabissara (Vicenza, Italy) specialising in inspection systems for the pharmaceutical sector.

By 18 July Amazon will cease operation of its online store in China (Amazon.cn), which allowed Chinese consumers to purchase goods from local sellers.

Alce Nero, the well-known company consisting of organic farmers and processors, has signed an agreement with frozen pizza producer Roncadin to launch a joint venture company called Alce Nero Freddo S.p.A., in which the two companies own 70% and 30% stakes respectively.

The Croatian company Naturalis aimed to strengthen the reputation of its brand, Cetina, by focusing not just on the strong connection with the place where its water flows but also on its purity and its perfect composition.

The Mexican company Arca Continental (listed on the Mexican Stock Exchange), one of the top Coca-Cola bottlers in the world, has announced that it plans to invest Ps. 13 billion (more than €610 million) in 2019.

In step with the growth in popularity of higher-quality wines amongst American consumers, the New York-based giant Constellation Brands, owner of historic brands such as Ruffino (based in Italy’s Chianti region), Robert Mondavi, The Prisoner Wine Company and Meiomi in the United States, has sold all the brands in its portfolio priced below $11 per bottle to the family-owned company E.&J.…

Unigrà, an agri-food group based in the province of Ravenna that specialises in the transformation and sale of vegetable oils and fats, is expanding in Italy through the acquisition of the entire share capital of Olfood (BS), a producer of margarines and food oils for professional use (annual revenue €40 million, including 10% from exports).

Ilpra (ILP:MI), a Pavia, Italy-based producer of packaging machinery for food, cosmetics and medical products, has acquired an 80% stake in Varese-based firm Veripack, a manufacturer of thermoforming machines for food and medical packaging.

After a period of 10 years, the pasta maker Delverde is returning to Italy in a 100% acquisition by the Newlat Food group. The Reggio Emilia-based group led by Angelo Mastrolia paid €9.25 million to the Argentine multinational Molinos Río de la Plata, which had purchased the pasta maker in 2009.

Kolinpharma, an innovative SME operating in the nutraceutical sector and listed on the AIM Italia segment of the Italian stock market, posted an exceptional performance in 2018.

Ishida Europe (UK) has produced a White Paper to help dairy processors safeguard their brand integrity by meeting the highest food safety and quality standards.

On 1 April, Burger King and the startup company Impossible Foods announced the roll-out of the Impossible Whopper in 59 stores in and around St. Louis, Missouri.

Travagliato (BS), 18 April 2019. Antares Vision, a Brescia multinational operating in the field of visual inspection, tracking solutions and data management for the pharmaceutical sector, debuted today on Aim Italia, the segment dedicated to small and medium-sized businesses of Piazza Affari. The transaction was formalized thanks to the business combination transaction that took place last…

Cattel, a Veneto-based company specialising in the supply of food products to the Horeca channel, has opened its new headquarters in Noventa di Piave (VE), a 35,000 m2 site with a 16,000 m2 covered area used as a warehouse.

The 2018 financial results posted by Lavazza confirm the group’s steady growth and increase in operating profitability. Consolidated revenue totalled €1.87 billion, 9.3% up on the previous year’s €1.71 billion.

As part of a long-term ethical commitment to reducing the environmental footprint of its entire production process, Roncadin has made its factory even more eco-friendly.