LATEST NEWS
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Beam Suntory to divest US spirit and coffee business to Phillips Distilling
US – American multinational alcoholic beverage company, Beam Suntory has agreed to sell 100% ownership of Leroux and Kamora to US spirits company Phillips Distilling. …
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Leading flexible packaging solution provider UFlex opens new factory in Nigeria
NIGERIA – UFlex Limited, a multinational provider of comprehensive solutions in flexible packaging and global leader in polymer sciences, has commissioned a new facility in…
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Utz Brands expands snack portfolio with acquisition of tortilla chips maker RW Garcia
USA – US manufacturer of salty snacks, Utz Brands is acquiring family-owned maker of organic snacks RW Garcia for US$56 million. The acquisition gives Utz additional production capacity in…
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Coca-cola owned Innocent Drinks invests US$260m in new carbon-neutral juice factory
NETHERLANDS – UK-based Coca-Cola subsidiary, Juice Drinks is investing more than US$260 million in building a first of its kind smoothies and juice drinks factory…
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Absa Bank Zambia comes to aid of Zambeef, issues US$12.6m from government backed stimulus financing package
ZAMBIA – Zambian Integrated cold chain food products and agribusiness company Zambeef, is one of the beneficiaries of the government’s K10 billion (US$575.5m) stimulus package,…