Molson Coors expands its cider portfolio in the UK

Award-winning English cider producer Aspall Cyder Limited has been bought by Molson Coors Brewing in a deal thought to be worth about £40 million (US$54m).Based in the county of Suffolk for almost 300 years, Aspall joins a portfolio of local premium craft brands such as the Sharp’s brewery in Cornwall.Sky News reported in September that Molson Coors, owner of...

Coca-Cola FEMSA to buy Guatemala bottler

Mexico’s Coca-Cola Femsa has agreed to acquire Guatemala-based Coke bottler and distributor Comercializadora y Distribuidora Los Volcanes SA for $124.6 million.The bottler has one plant, seven distribution centres and 1,066 employees.Coca-Cola Femsa is the largest franchise Coke bottler in the world, with operations across Latin America. It is a subsidiary of Femsa, which owns 48 percent of its stock,...

Campbell Soup plans growth with reorganisation

As part of a reorganisation, Campbell Soup has appointed Luca Mignini as chief operating officer in addition to his other new role as president of Global Biscuits and Snacks.Mignini will now have more responsibility over some its main business units, including soup, simple meals and shelf-stable beverages, following its US$4.87 billion acquisition of snacks manufacturer Snyder’s-Lance.Commenting on the appointment,...

Fonterra enters into joint venture with US dairy firms

New Zealand’s Fonterra Co-operative Group is joining US dairy co-operative Tillamook County Creamery Association (TCCA) and dairy producer Threemile Canyon Farms as equal shareholders in an Oregon-based whey protein concentrate and lactose manufacturer, Columbia River Technologies.Originally founded in 2013 as a joint venture between TCCA and Threemile Canyon Farms, Columbia River Technologies has been producing whey protein products for...

Thai Union forges Morocco partnership

Canned tuna giant Thai Union Frozen Products has started a partnership with Moroccan sardine cannery Oceanic Laayoune, reports Undercurrent News.  The facility at Laayoune on the north-west coast of Africa will co-pack sardines for sale on the European market under the John West and Parmentier brands, owned by Thai Union’s MW Brands business.Oceamic Laayoune, which is owned by Sarma Food, says...

Snacks division helps PepsiCo’s finances

PepsiCo says it has achieved or exceeded all of its fiscal targets for 2017, with the beverage giant’s sales rising by 1.2 percent to US$63.5 billion and its operating profits rising by 7 percent to $10.5bn compared to last year.Strong performance in its snacks division is said to have helped the results, with Frito- Lay’s revenue rising by 2...

Japan’s Sapporo gets into US craft brewing

Japanese drinks firm Sapporo has bought the craft brewer of Anchor Steam Beer in San Francisco with plans to continue its local traditions and legacy while growing the brand globally.Anchor Brewing Co has been producing its Steam Beer since 1896 and with 160 employees produces 1.75 million cases of beer a year worth $33 million.The terms of the deal...

”Challenging environment’ for Campbell’s Soup

Facing what its chief executive Denise Morrison called a “challenging environment”, soup-maker Campbell’s reported fourth-quarter and year-end sales that were down on expectations.It also has to contend with a challenge to its pending acquisition of Oregon-based Pacific Foods, announced in July as a $700 million cash deal. The son of its founder says in a lawsuit that the acquisition...

Thai canned-tuna exports struggle as baht strengthens

Thai exports of canned tuna are expected to miss a target of 80 billion baht as the strengthening local currency eats into economy’s competitive edge, says Chanintr Chalisarapong, president of the Thai Tuna Industry Association.Chanintr said the stronger baht against the dollar had raised the prices of Thai products, making similar products from other countries more attractive for customers.“The...