business
Nestlé sells US ice cream business to Froneri
Nestlé is selling its US ice cream business to Froneri, an ice cream-focused joint venture Nestlé created in 2016 with PAI Partners, for a transaction value of US$4 billion (€3.6bn).
OPRL appoints Margaret Bates as executive director
As OPRL (On-Pack Recycling Label) membership and services continue to expand, the organisation has appointed Professor Margaret Bates as its first full time executive director.
The Classic Mineral Water Company invests in automated lines
An Irish water bottling company has invested significantly in its manufacturing facilities to more than double output capacity of its mineral water products.
Axereal acquires Cargill’s malt business
Axereal, France’s largest grain co-operative, has acquired Cargill’s malt business on behalf of its subsidiary, Boortmalt. The move makes Boortmalt the world’s largest producer of malt.
Global demand for ketchup stagnating
Exports of tomato ketchup declined in the first few months of 2019, as Canada drastically reduced its intake from the US following an anti-Heinz campaign, coupled with the trade spat between Ottowa and Washington.
Tulip secures sausage contract with Co-op
Tulip Ltd has secured a new long-term agreement with retailer Co-op to supply premium fresh sausages.
Jupiter Group acquires Cool Fresh International
The Jupiter Group is continuing its global expansion by acquiring Dutch fresh produce marketing company Cool Fresh International.
Dr. Oetker completes pizza production investment
Dr. Oetker UK has completed a £30m capital investment programme in its pizza production sector.
FrieslandCampina relaunches global ingredients company
FrieslandCampina Ingredients has combined its four individual companies, DOMO, Kievit, DMV and Nutrifeed, into a new global segment organisation.
Proseal to be acquired by US corporation in £220m deal
Proseal – a provider of tray sealing technology to the food industry – is to be acquired by Chicago-based JBT Corporation for approximately £220m.
Asda/Sainsbury’s merger blocked
The proposed merger of Sainsbury’s and Asda has been blocked by CMA, after a report found UK consumers would be worse off if it went ahead.
Olam acquires Dangote Flour Mills
Olam International is to acquire Dangote Flour Mills, a flour and pasta manufacturer in Nigeria.
AB InBev rebrands as Budweiser Brewing Group UK&I
Budweiser Brewing Group UK&I has been revealed as the new name for AB InBev in the UK.
Carrs Foods rebrands to St Pierre Groupe
Following its rebrand to St Pierre Groupe in March, Carrs foods has secured a £6.7m investment to continue its international development.