Nestle UK: builds digital warehouse of the future
Vevey / CH. (nsa) Swiss Nestle S.A., the world’s largest food and drink company, and XPO Logistics, a leading global provider of transport and logistics solutions, are co-creating a 638’000-square-foot distribution centre at the new SEGRO East Midlands Gateway Logistics Park in Leicestershire, UK.
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Belgium: Cargill invests in Mouscron facility
Minneapolis / MN. (cg) With the rapid rise in consumer demand for premium, high quality Belgian chocolate, Cargill Company has invested in a new liquid chocolate production line in its Mouscron production facility in Belgium. This investment increases the company’s capacity to produce...
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Mondelēz: Invests 200 Million USD in Czech Biscuit Plant
Deerfield / IL. (mdlz) Mondelēz International announced it has invested USD 200 million since 2014 in its Opava (Czech Republic) biscuit manufacturing facility, which employs nearly 1,000 people and produces Power Brands like Oreo, belVita, Milka and Cadbury, for the European market...
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CVC: acquires Malaysia’s Munchy Food Industries
Klang / MY. (mfi) Munchy Food Industries Sdn Bhd (MFI) and CVC Capital Partners Asia Fund IV (CVC Asia IV) announced that CVC Asia IV has acquired a 100 percent stake in MFI and its Malaysian subsidiary Munchworld Marketing Sdn Bhd. The acquisition was completed on 08 June 2018...
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Ebro Foods: announced mixed Q1-2018 results
Madrid / ES. (epg) The consolidated earnings obtained by the Group in the first quarter of this year were dented, among other factors, by the hike in commodity prices in the rice division. This placed a substantial burden on the performance of the North American rice business owing to the...
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McDonald’s: Opens New Modern Global Headquarters
Oak Brook / IL. (mdc) McDonald’s Corporation opened its new corporate headquarters in Chicago’s vibrant West Loop neighborhood by unveiling the state-of-the-art building which had been covered in a 70-foot tall and 470-foot wide wrap dotted with Big Macs for the grand opening. McDonald’s...
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HelloFresh: announced its U.S. retail introduction
New York / NY. (hf) HelloFresh SE (HFG) announced its retail introduction, starting at 581 stores under the Ahold Delhaize U.S.A. brand’s Giant Food (Landover) and Stop + Shop. As an independent food brand, HelloFresh will partner to increase its availability with more retailers throughout the...
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Corbion: completes acquisition of Bunge’s JV stake
Amsterdam / NL. (cb) Dutch Corbion NV announces that it has completed the acquisition from Bunge Limited of Bunge’s stake in the SB Renewable Oils joint venture (see b:eu on 2018-03-31). Corbion has acquired Bunge’s 49.9 percent stake in SB Renewable Oils, a joint venture that operates a facility...
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AAK: Investing in the Philippines
Malmo / SE. (aak) Swedish AAK Group (former AarhusKarlshamn AB) has decided to invest in a customization plant in the Philippines. The plant will be located on land owned by oils and fats refinery San Pablo Manufacturing Company in Batangas, approximately 100 kilometers south of Manila.
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Rocket Internet: Q1-2018 Results Show Further Improvement
Berlin / DE. (riag) Rocket Internet SE’s reported consolidated revenue of EUR 10 million and a consolidated profit of EUR 75 million in Q1/2018. Earnings per share amounted to EUR 0.46 for the period. The Company continues to be well funded, with an available gross cash position of...
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