USA > Brazil based Marfrig Global Foods is set to acquire 51% interest in USA based National Beef for $969 million  

MArfrig logo   Brazil based Marfrig Global Foods is set to acquire controlling interest in USA based National Beef making Marfrig the world’s second largest beef producer. Marfrig is expected to have annual sales of over $13 billion with the acquisition of 51% of National Beef and will also gain access to markets such as Japan and South Korea. National Beef Packing More …

UK > USA based Nestlé Purina PetCare is set to acquire a majority stake in UK based Tails.com

Nestle purina logo Tails.com is a direct- to- customer tailor—made dog nutrition business that feeds more than 100,000 dogs in the UK. As the personalized as well as subscription based pet nutrition businesses are growing rapidly,  Nestlé Purina PetCare majority stake is bound to present significant growth opportunities for both the companies. Tails.com is a company that is working on bringing tailored dog More …

EGYPT > USA based Archer Daniels Midland Company (ADM) and Cargill are set to launch a joint venture to provide soybean meal and oil in Egypt

Cargill logo Archer Daniels Midland Company and Cargill are launching a joint venture that would own and operate the National Vegetable Oil Company soy crush facility in Borg Al-Arab. The deal also includes a separate Switzerland-based merchandising operation that would supply soybeans to the crush plant and also all the related commercial and functional activities in Borg Al- Arab. Expansion of the plant from More …

INDIA > USA based Starbucks and India based Tata’s 50/50 joint venture, Tata Starbucks Private Limited opens three new stores in KolKata

Starbucks logo Welcoming customers on March 21, Tata Starbucks Private limited opened up three new stores in Kolkata. This is the seventh city for the company in India According to Sumitro Ghosh, chief executive officer, Tata Starbucks: “We are honored to bring Starbucks to Kolkata, a city that has always been known for its cultural heritage and grandeur. Our aspiration is to More …

PAKISTAN > UK based Unilever Plc. is set to invest Rs 11 billion ($120 million) in Pakistan’s fast- moving consumer goods segment

unilever-svg Unilever Plc. is set to invest Rs 11 billion($120 million) for expansion of its operations in Pakistan over the next two years. According to the statement quoted by the company: “A majority of the investment will be made to enhance manufacturing operations across Unilever’s four factories in Pakistan over the next two years.” Unilever manufactures about 30 brands in home More …

INDONESIA > Denmark based Arla Foods is establishing a joint venture with PT Indofood CBP Sukses Makmur Tbk (“ICBP”) based in Indonesia

arla logo As Southeast Asia falls under a strategic growth region for Arla Food’s strategy, the company is collaborating with ICBP, a leading fast moving consumer goods company and dairy player in Indonesia. The newly signed agreement between ICBP and Arla Food is expected to increase Arla Foods’ presence in Indonesia. According to Executive Vice President of Arla Foods’ international business, Tim More …

FRANCE > U.S based SodaStream International Ltd. completes 100% acquisition of OPM France SAS, its exclusive distributor in France for €17.5 million ($21.7 million)

sodastream logo The world’s leading manufacturer of home beverage carbonation systems, SodaStream International Ltd. completes the 100% acquisition of the share capital of OPM France SAS which is its exclusive distributor in France. SodaStream International purchased OPM France SAS for €17.5 million ($21.7 million) which is subject to customary post- closing price adjustments. According to Daniel Birnbaum, Chief Executive Officer of SodaStream: More …

ROMANIA > UK based Unilever is set to acquire the business of Romanian ice-cream producer Betty Ice SRL for an undisclosed price

unilever-svg Romanian Betty Ice is to be acquired by UK based Unilever for an undisclosed price. Founded in 1994 by Romanian entrepreneur Vasile Armenean, Betty Ice is the main local ice cream producer in Romania with a total turnover of €30 million ($37.5 million). Operating from its factory in Suceava, Betty Ice sets up more than 180 ice cream kiosks in More …