Anheuser-Busch InBev completes takeover of SABMiller

Anheuser-Busch InBev yesterday completed its acquisition of SABMiller to create the world’s largest brewer with sales in the region of US$130 billion in more than 100 countries.Belgium-based AB InBev had been pursuing the London-listed SABMiller since last year with the deal being completed for $103bn subject to a number of divestments in the US, Europe and China.Today it was...

Falling prices hit sales at Irn-Bru producer A G Barr

Falling prices and poor weather in the early summer hit the Scots-based producer of Irn-Bru, whose first-half sales to the end of July were down 2.8 percent in like-for-like business at £125.6 million (US$159.5m).AG Barr, which also produces drinks such as Rubicon, Strathmore and Funkin, improved its net profit slightly at £17.0m ($21.6m).The drinks producer has been investing in...

Nestlé triples infant formula production in Mexico

Mexican President Enrique Peña Nieto attended the opening yesterday of a Nestlé plant for manufacturing infant nutrition products in Mexico.The 600,000 sqm ‘Nantli’ facility at Ocotlan, Jalisco, will triple Nestlé’s production of infant nutrition production in Mexico, with 40 percent of its output to be exported to Latin America, the Caribbean and other regions around the world.At the opening,...

More promotions as Snee takes over at Hormel Foods

Hormel Foods, the company behind canned food brands such as Spam and Stagg Chilli, has announced a number of management appointments that coincide with the retirement of chief executive Jeffrey Ettinger at the end of October, when he will be succeeded by James Snee, currently president and operations chief.Ettinger, who joined Austin, Minnesota-based Hormel Foods in 1989, has been...

Asahi raises its bid for the SABMiller businesses in Eastern Europe

Leading Japanese brewer Asahi Group Holdings is planning to up its bid to buy SABMiller’s business in Eastern Europe, according to a report in the Nikkei business daily.The businesses, which include the Peroni and Pilsner Urquell brands, will be open to bidding after Anheuser-Busch InBev acquires SABMiller next week on 10 October in a US$104 billion deal.An offer of...

Beverage carton recycling rates continue to rise

Europe recycled 44 percent of beverage cartons in 2015, according to the Brussels-based Alliance for Beverage Cartons and the Environment (ACE).This represented more than 16 billion cartons weighing some 400,000 tonnes, which were recycled in more than 20 paper mills in Europe.Including cartons that were used for energy recovery, the total recovery rate was 74 percent.Annick Carpentier, director general...

Coca-Cola starts up canning plant in Corsica

A new Coca-Cola canning plant has been started up on the Mediterranean island of Corsica.The €3 million investment is at Furiani, Bastia, and is capable filling 10,000 cans an hour.It was developed in conjunction with bottler Société Corse de Boissons (Socobo), which will operate the facility alongside Coca-Cola.The bottler has been filling glass and plastics bottles since 1969 and...

Traditional flavours for Crosse & Blackwell’s canned soup range

A range of canned soup flavours has been launched by UK-based Crosse & Blackwell as part of its ‘Best of British’ range.The new additions to the range are inspired by popular contemporary soup flavours and include ham hock, spicy parsnip and carrot; and beef and chunky veg.Chris Wright, marketing director for Crosse & Blackwell, said: “Sourcing fresh quality ingredients...

PepsiCo results return to some normality after last year’s Venezuela hit

PepsiCo doubled its operating profits in the third quarter of 2016 largely because in the comparable period last year the soft drinks-to-snacks producer suffered a US$1.4 billion impairment charge related to its deconsolidation in Venezuela.While operating profit returned to normal levels at $2.8bn (last year it was $1.4bn) and net profit jumped to $1.99bn (up from $533m in 3Q...

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