The investment gives Tilaknagar Industries a 30% stake in Black Tiger Distilleries and marks its first strategic move into the agave-based spirits category.
The partnership will initially bring imported Carlsberg beer to Zimbabwe, with a US$250 million brewery planned to support local production from next year.
Jack Daniel’s Tennessee Blackberry and strong ready-to-drink growth helped Brown-Forman offset declines across Tequila and developed international markets.
The acquisition brings Cvista’s citrus processing expertise, facilities and specialized team into Mane’s global flavor and fragrance operations.
The unchanged price follows a sharp decline in global cocoa prices and comes as Ivory Coast expands processing capacity and seeks greater value from its cocoa sector.