Private equity group ups its offer for Refresco

Dutch drinks independent Refresco is being chased again with a takeover bid from private equity group PAI Partners.The group has upped its offer to €1.6 billion, reflecting the higher value of Refresco since it agreed to buy Cott Corporation’s drinks business in the US, a deal that is expected to be completed by the end of the year.The Rotterdam-based...

Production to continue at FrieslandCampina plant in Hungary

Dutch dairy group FrieslandCampina has agreed to sell its Debrecen plant to Hungary’s Alföldi Tej for undisclosed sum. Local subsidiary FrieslandCampina Hungária Inc says Alföldi Tej will continue the production of dairy products on site without interruption and employment will be maintained.The two companies have also agreed to a toll manufacturing deal guaranteeing that the products currently produced in the...

Anheuser-Busch InBev accepts offer from Asahi

Anheuser-Busch InBev, which is in the process of acquiring rival brewer SABMiller in a deal worth more than US$100bn, has accepted an offer for two leading beer brands in Europe from Asahi Group in Japan. A-B InBev had been required by European regulatory authorities to divest assets to reduce its dominance in the market.Following A-B InBev’s agreement with the South...

Michigan craft breweries use can art to promote brands

Several craft breweries in Michigan in the US have launched beers which incorporate striking artwork on their cans to promote the ethos of the companies. “For your brand, everything else (on the shelves) is the context and you want your brand to stand out,” graphic designer Andy Tyra, who is responsible for a lot of the artwork on cans, bottles...

Heineken wins bid for Slovenian brewery

Netherlands-based brewing giant Heineken has won the race to take control of Slovenia’s top beer maker Pivovarna Laško with a bid valued at €114.3 million (US$120m). Laško put itself up for sale last year, calling for buyers to inject at least €75m ($79m) into the business to help cut debt.Heineken is the world’s third largest brewer after Anheuser-Busch InBev and...

Fraser & Neave developing a replacement for Red Bull

South East Asian drinks group Fraser & Neave is developing a new energy drink for launch when its exclusive rights to distribute Red Bull expire at the end of September. The new product is still under extensive research in Thailand, Singapore and Malaysia, said F&N’s chief executive Lim Yew Hoe in a release to the local Bernama news agency.The group...

Anheuser-Busch InBev takes an electric avenue for beer distribution 

Following Tesla’s unveiling of its all-electric trucks in the US last month, Anheuser-Busch InBev representatives say that the brewer has ordered 40 units as it plans to reduce fuel costs and vehicle emissions.The order comprises what is potentially the largest order that Tesla has received for its upcoming Class 8 Semi Truck, which is scheduled to be in production...

Coca-Cola HBC to roll out Costa Coffee in 2020

Coca-Cola Hellenic Beverages (Coca-Cola HBC) is planning to launch Costa Coffee products in around 10 of its 28 markets next year.The products, including canned coffee, will be introduced in Coca-Cola HBC’s European markets in Bulgaria, Greece, Hungary, Poland, Romania, Russia and Switzerland.Coca-Cola HBC, which is one of the world’s biggest Coke bottlers covering Eastern Europe and Russia, said the...

San Miguel shareholders approve merger

San Miguel Philippines has moved closer to consolidating its food and beverage businesses under San Miguel Pure Foods after a stockholders meeting of shareholders approved the change.Purefoods will now conduct a tender offer for shares of Ginebra San Miguel Inc if the Securities and Exchange Commission (SEC) mandates the company to do so.It will also do a tender offer to increase...