Ice cream industry news : Nestle Canada plans to boost its production capabilities at its ice cream factory in London, Southwestern Ontario with an investment of CAD 51.5 million ($40 million). The Nestle ice cream factory located on Wilton Grove Road, manufactures the Haagen-Dazs, Parlour and Drumstick ice cream products for the Canadian market. It […]
Food acquisition news : Food and beverage giant Nestle has bought a majority stake in a Latin American organic food company Terrafertil, a producer of plant-based foods and healthy snacks for an undisclosed price. Nestle Acquisition of Terrafertil Stake Nestle acquisition of Terrafertil stake is expected to expand the former’s footprint in a fast-growing segment […]
Confectionery industry news : Italian chocolate manufacturer Ferrero has emerged as the buyer of Nestle’s US confectionery business in a $2.8 billion deal. Nestle for some time has been looking to sell its US confectionery business to focus on its core products. Part of the transaction will be more than 20 Nestle US brands that […]
Food acquisition news : Swiss food and beverage giant Nestle has struck a deal to acquire nutritional health products manufacturer Atrium Innovations based in Canada for $2.3 billion from a consortium of investors. Nestle acquisition of Atrium Innovations from a Permira Funds-backed firm, Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and […]
Food and beverage giant Nestle has agreed to buy a majority stake in Blue Bottle Coffee, a California-based specialty coffee roaster and retailer for an undisclosed price to foray into the rapid-growing, super premium coffee shop segment. Management of Blue Bottle Coffee will keep a stake of 32% following the transaction which is expected to […]
Nestle, the largest food and Beverage Company has tied up with e-commerce platform Amazon to launch its new range of famous Maggi noodles. Nutri Licious is the new range of Maggi noodles and it will be available to the customers from August 20, 2017 first in Amazon. Later it will be available across various retail […]