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Tag "joint venture"

Petainer Innopac Packaging opens manufacturing facility in India

    Petainer Innopac Packaging opens manufacturing facility in India

A joint venture between Petainer UK Holdings and Innopac Containers has opened a new plastic packaging solutions manufacturing facility near Mumbai, India.
Innopac, established by Saket and Atit Bhatia (the promoting family of a leading metal packaging group in India), is focussed on introducing high performance, sustainable and innovative packaging solutions to the food, beverage, pharmaceutical […]

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Update on Irish Dairy Processing Joint Venture

    Update on Irish Dairy Processing Joint Venture

Glanbia, the Irish and global nutritionals solutions and cheese group, is continuing to hold discussions with its majority shareholder, Glanbia Co-operative Society, to create a joint venture (40% Glanbia and 60% the Society) in respect of its Irish dairy processing business, Dairy Ingredients Ireland.
Dairy Ingredients Ireland is a business unit of the Dairy Ireland division of Glanbia […]

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Agrana and RWA Juice Joint Venture Approved

    Agrana and RWA Juice Joint Venture Approved

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 […]

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PepsiCo and Theo Muller to Build $206 Million Yogurt Factory

    PepsiCo and Theo Muller to Build $206 Million Yogurt Factory

PepsiCo, the world’s second largest snacks and beverages company, and Theo Muller, Germany’s largest privately owned dairy business, have chosen New York as the site for their first yogurt production facility in the US. Through their joint venture, Wave, the companies will invest $206 million (Eur153 million) and create 186 new manufacturing and support jobs […]

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Senoble and Agrial Joint Venture Approved

    Senoble and Agrial Joint Venture Approved

The European Commission has cleared the proposed creation of Senegral, a joint venture by Senoble and Agrial, two French companies operating in the dairy sector. The new joint venture will operate in the production and sale of private label fresh dairy products in France, Germanyand Benelux. The Commission concluded that the proposed transaction would not […]

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Arla Foods Moves into Cheese Production in Russia

    Arla Foods Moves into Cheese Production in Russia

Arla Foods has taken another significant strategic step into Russia by agreeing a joint venture for the production of yellow cheese with Molvest Group, the country’s third largest dairy company. The agreement is in keeping with Arla Foods’ ambitions to become one of Russia’s leading dairy companies within yellow cheese.
Following several years of growing exports […]

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Beverage Partners Worldwide Joint Venture to Focus on Europe and Canada

    Beverage Partners Worldwide Joint Venture to Focus on Europe and Canada

Nestle and The Coca-Cola Company have agreed to focus the geographic scope of their ready-to-drink tea joint venture, Beverage Partners Worldwide (BPW), on Europe and Canada. In Taiwan and Hong Kong, The Coca-Cola Company will enter into a license agreement with Nestle for the Nestea brand. In all other territories the joint venture will be […]

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Heineken and Coca-Cola Hellenic Extend Stake in Macedonian Joint Venture

    Heineken and Coca-Cola Hellenic Extend Stake in Macedonian Joint Venture

Heineken and Coca-Cola Hellenic are acquiring 41.2% of the shares in Pivara Skopje, their joint venture beverage company in the Former Yugoslav Republic of Macedonia (FYROM). The shares are currently owned by various minority shareholders. The total consideration for the transaction is Eur79.1 million, to be equally divided between Heineken and Coca-Cola Hellenic.
 
The transaction is […]

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Fonterra and First Milk Form Whey Joint Venture

    Fonterra and First Milk Form Whey Joint Venture

New Zealand-based Fonterra and UK-based First Milk have established a strategic joint venture to produce premium whey proteins for Fonterra’s growing food ingredients business. The two dairy farmer co-operatives will combine their intellectual property and industry expertise to add value to the whey streams at First Milk’s Lake District creamery in Cumbria, England.
 
First Milk supplies […]

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SABMiller Expands in China

    SABMiller Expands in China

SABMiller, through its joint venture with China Resources Enterprise, has strengthened its position within the fast growing Chinese beer market. China Resources Snow Breweries has entered into an agreement with China Kweichow Moutai Distillery Co to jointly invest in Guizhou Moutai Beer and form a joint venture called China Resources Snow Breweries (Junyi). As part […]

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Molson Coors to Invest £35 Million in Indian Joint Venture

    Molson Coors to Invest £35 Million in Indian Joint Venture

Global brewer Molson Coors has formed a joint venture with Cobra India to brew and market Cobra beer in South Asia. Molson Coors will purchase a controlling stake in Cobra India from two existing investors and will have operational control over the new Molson Coors Cobra India.
The joint venture will be chaired by Lord Karan […]

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Bonduelle and Ardo Establish Spanish Joint Venture to Supply Findus

    Bonduelle and Ardo Establish Spanish Joint Venture to Supply Findus

The Ardo and Bonduelle groups are to set up a joint venture to supply frozen vegetables to the Spanish and Portuguese markets. Ardo and Bonduelle have also signed an exclusive supply agreement with Findus, which is returning to the Spanish and Portuguese frozen foods markets.
The agreement between Bonduelle and Ardo provides for a joint venture […]

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Nordzucker and PureCircle Form European Steviasucrose Joint Venture

    Nordzucker and PureCircle Form European Steviasucrose Joint Venture

Nordzucker, Europe´s second biggest sugar producer, and PureCircle of Malaysia, have formed a joint venture, NP Sweet, for the development and marketing of products that combine the natural benefits of both sugar and stevia to meet the fast growing requirements for reduced calorie naturally sweet applications from food and beverage manufacturers across Northern and Eastern […]

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PepsiCo and Strauss Group to Establish Joint Venture

    PepsiCo and Strauss Group to Establish Joint Venture

PepsiCo and Strauss Group, Israel’s second-largest food and beverage company, are to form a joint venture partnership that will produce and sell fresh dips and spreads in key markets outside of North America. The two companies have operated a successful North American joint venture since 2007 under the Sabra brand. In North America, Sabra is […]

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DMK and Arla Foods to Invest €44 Million in Whey Processing Partnership

    DMK and Arla Foods to Invest €44 Million in Whey Processing Partnership

DMK (which is being created by the merger of Nordmilch and Humana) and Arla Foods will establish a 50/50 joint venture to process whey for the global food manufacturing industry. The name of the new joint venture will be ArNoCo, and the two partners will invest a total of Eur44m in whey processing capacity. Eur35m […]

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Agrana to Invest €56 Million in New Starch Factory

    Agrana to Invest €56 Million in New Starch Factory

Sugar, starch and fruit group Agrana is investing Eur56m in building a starch factory for the production of wheat starch and gluten at the site of its bioethanol plant in Pischelsdorf in Lower Austria. The facility will start operations at the end of 2013 and boost the workforce at the Pischelsdorf site from the current […]

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Astarta and Danone Form Joint Venture in Ukraine

Astarta, the biggest producer of sugar and industrial milk in Ukraine, has entered a joint venture for the production and processing of milk with Danone, the world leader in dairy products, waters and baby nutrition.
Astarta’s high level of vertical integration in industrial cattle farming, own forage supply, as well as accumulated experience of industrial livestock […]

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Finsbury Food Group and Genius Foods Form New Joint Venture

    Finsbury Food Group and Genius Foods Form New Joint Venture

Finsbury Food Group, a leading UK manufacturer of cake, bread and gluten-free bakery goods, has entered into a new joint venture agreement with Genius Foods, the gluten-free bread company created by Edinburgh-based chef and writer Lucinda Bruce-Gardyne. Finsbury and Genius are expanding their existing relationship through the introduction of additional gluten free products to be […]

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Ter Beke and Stefano Toselli to Create Joint Venure in Central and Eastern Europe

Ter Beke, the Belgium-based processed meats and ready meals company, and French pasta manufacturer Stefano Toselli are considering forming a joint venture for supplying pasta and ready meals to Central and Eastern Europe.
The two companies have agreed to investigate the opportunity to develop a chilled lasagne and pasta meals business in Central and Eastern Europe. […]

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Aryzta Raises €240m to Fund Acquisition

Swiss and international speciality bakery group Aryzta has successfully raised SFr325m (Eur242m) to principally fund the acquisition of the remaining 50% share of its Maidstone Bakery joint venture in North America held by Tim Hortons, as announced in August 2010. The funds have been raised by a hybrid instrument, which will qualify as equity under […]

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Eckes-Granini Continues International Expansion

    Eckes-Granini Continues International Expansion

German beverages producer Eckes-Granini Group is planning a fruit juices joint venture with Turkish firm Yildiz Holding. Eckes-Granini is one of the leading fruit juice producers in Europe and generated a turnover of Eur827m last year, selling over 1b litres of juice.
In August, Eckes-Granini formed a strategic partnership with KMV (Karlovarske Mineralni Vody), the leading […]

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