FDBusiness.com

Agrana and RWA Juice Joint Venture Approved

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

Agrana and RWA Juice Joint Venture Approved

Agrana and RWA Juice Joint Venture Approved
April 10
11:10 2012

The European Commission has given the green light to Austrian companies Agrana Group and RWA Raiffeisen Ware Austria (RWA) for the merger of their fruit juice concentrates subsidiaries Agrana Juice Holding and Ybbstaler Fruit Austria.

The newly founded joint venture, Ybbstale Agrana Juice, will have its head offices in Krollendorf, Lower Austria and will have 14 production sites, located in Austria, Denmark, Germany, Hungary, Poland, Romania, the Ukraine and China. Besides fruit juice concentrates, the joint venture will also produce fruit purees and natural flavourings as well as direct juices for use by the beverages industry. Annual sales revenues will be around Eur350 million and fully consolidated by Agrana.

“The merger of these companies is an important step to consolidate our position in the fruit juice concentrate market,” says Johann Marihart, chief executive of Agrana.

“The joint venture is a win-win constellation for Ybbstaler and Agrana Juice, and aims to further increase our competitiveness in increasingly global fruit juice concentrate markets,” adds Klaus Buchleitner, chief executive of RWA. The closing is planned for early June 2012.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements