AB InBev completes sale of its stake in Coca-Cola Beverages Africa

Anheuser-Busch InBev has completed the sale of its majority equity stake in Coca-Cola Beverages Africa (Pty) Ltd (CCBA) for US$3.15 billion.CCBA, the largest Coca-Cola bottler in Africa, was created in 2016 through the combination of the African non-alcohol ready-to-drink bottling interests of SABMiller plc, The Coca-Cola Company and Gutsche Family Investments. It covers businesses in South Africa, Namibia, Kenya,...

Slip in Pepsi’s North America drinks sales fails to dent third quarter

PepsiCo posted increased its sales and net profit in the third quarter ending 9 September, despite a fall in sales at its North America Beverages business, its largest segment.Overall sales, including the Frito-Lay and Quaker snack and food businesses, were up by 1 percent at US$16.24 billion, while net profit jumped to $2.14bn, up 8 percent compared with the same...

Heineken puts its Kaliningrad brewery site up for sale

The site of the mothballed Heineken brewery at Kaliningrad, the Russian exclave on the Baltic coast, has been put up for sale.Dutch-based Heineken, the world’s third largest brewer, announced a year ago that it was going to stop production at the 7.2 hectare site, which had capacity to brew one million hectolitres a year.The brewery was closed in January...

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...

Britvic to close its Robinsons bottling plant at Norwich, UK

UK-based soft drinks group Britvic is planning to close its Norwich, Norfolk, manufacturing site, which is co-owned with Unilever.Production of brands such as Robinsons and Fruit Shoot will be transferred to other sites in London, Leeds and Rugby.More than 240 jobs will be affected.Britvic, which also produces brands such as J20 and Tango, said the closure, which will be...

Snee to become chairman of Hormel Foods

Jim Snee is to take over as chairman of Hormel Foods in November following the retirement of Jeffrey Ettinger, who had been on the board of the Austin, Minnesota, food manufacturer for 13 years.Snee adds the chairman’s role to his current responsibilities as chief executive officer and president.“We thank Jeff for his outstanding leadership of Hormel Foods,” said Snee....

Craft brewing economic activity in US grows to $68bn

Craft brewers contributed almost $68 billion to the US economy in 2016, more than a fifth higher than two years earlier, and double the figure for ten years ago.The figures were compiled by The Brewers Association – not-for-profit trade association dedicated to small and independent American brewers – in its 2016 Economic Impact Report, a biennial analysis featuring economic data...

Anheuser-Busch InBev buys a craft brewer in Australia

Australian craft brewer 4 Pines has been bought by global drinks giant Anheuser-Busch InBev with an aim to increase production of the brand and expand it abroad. The terms of the deal were not disclosed.As part of the deal, 4 Pines’ brewing facility in Brookvale, north of Sydney in New South Wales, will have its capacity increased. Its current...

Premium sector drives energy drinks growth in Thailand

The maker of Red Bull in Thailand has launched two premium energy drinks under the Ready brand to attract office workers and young consumers.Red Bull is branded as Krating Daeng and produced by the TCP Group in Thailand.Surachai Chonglertvarawong, TCP’s director of marketing, said that 100 million baht (US$3m) has been spent in the launch of Ready Black for...

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