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Olam takes 20 percent stake in PureCircle

Olam has increased its stake in stevia company PureCircle to 20 percent, citing strong growth prospects for the company, and making PureCircle an associated company of Olam.

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San Miguel to buy Australasian packaging company

San Miguel Corp is poised to acquire a majority stake in Australasian packaging company Cospak Group as part of its expansion strategy in the region.

EU clears Amcor takeover of Alcan

Amcor’s takeover of Alcan has been cleared by the European Commission after the Australian company agreed to sell off two pharmaceutical and food packaging plants in Spain.

Heineken resolves Indian brewing conflict

Heineken has consolidated its investments in Asia to grow the Heineken brand in India and resolve a conflict that emerged from the Scottish & Newcastle (S&N) takeover last year....

Asahi reveals plan to join top food ranks

Japanese brewery Asahi has unveiled ambitious long-term growth plans that include the possibility of major acquisitions.

Nampak head delivers warning as profits slump

Nampak announced a 60 per cent fall in profits in 2009 as its chief warned that 20 per cent of its operations must either turnaround or face being closed or sold off.

Symrise buys into North Africa and Middle East

Symrise has acquired fragrance and flavours maker Futura Labs to tap into opportunities in the fast growing regions of North Africa and the Middle East.

Coke reveals ambitious 2020 growth targets

Coca-Cola has outlined key business goals for 2020 including plans to more than double system revenue from $95bn to $200bn.

Novozymes retains positive outlook after Q3 results

Novozymes has reported a better than forecast profit in the third quarter of 2009, on the back of higher sales volumes and better productivity – although sales of food enzymes have fallen.

Kirin to close two breweries in new profit focus

Kirin Holding plans to close two domestic breweries as part of a three year plan to increase operating income by around 50 per cent.

News in brief

Commission clears PepsiAmericas acquisition

The European Commission has cleared PepsiCo’s acquisition of one of its bottlers PepsiAmericas.

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SIG owner plans to buy Reynolds Group

Beverage Packaging Holdings, owner of SIG Combibloc, has announced plans to buy the Reynolds Group in a deal worth $3bn.


Soda tax: A lot of froth over freedom

Is taxing soda really an evil plan to curb your individual freedom? Conspiracy theories aside, perhaps it’s simply a sensible scheme to tackle obesity when personal choice has failed.

News in brief

Acquisition boosts Balls’ can capacity by 10bn

Ball Corporation, one of the world's leading suppliers of rigid metal and plastic packaging products and services, has acquired three can manufacturing plants in the United States with associated contracts...

President Obama endorses US soda tax plan

President Barack Obama has lent his support for a soda tax which could benefit children’s health and the nation’s wealth, according to a new report from the Center for Science...

Coke follows Pepsi into coconut water

Coca-Cola has invested in coconut water company Zico only a couple of weeks after Pepsi-Co acquired Amacoco, a Brazilian maker of coconut drinks.

Tax soft drinks and snacks to fight childhood obesity, says IOM

The Institute of Medicine and the National Research Council have recommended taxing high-calorie, low-nutrient food and drink in order to combat childhood obesity, in a new report released on Tuesday.

Amcor offers over $2bn for Alcan packaging businesses

Australian packaging giant Amcor has offered to buy the European and Asian arms of Alcan Food Packaging along with its pharmaceutical and tobacco businesses for $2025m (€1434m).

PepsiCo Brazil acquisition to make it coconut water leader

Beverage giant PepsiCo is to acquire Brazil’s leading coconut water company, as part of a bid to transform its beverage portfolio towards more healthful products.

News in brief

Coca-Cola Amatil stays silent on bottling acquisition rumours

Coca-Cola Amatil is remaining tight-lipped over reports that it plans to re-acquire plastic bottling facilities - but declined to rule out the possibility.

PepsiCo buys bottlers for $7.8bn

PepsiCo Inc has agreed the takeover of two of its bottle makers in a deal worth $7.8bn that will see the consolidation of 80 per cent of its North American...

Krones posts H1 loss as year-on-year profits plummet €107m

Krones posted a €16m loss in the first half of 2009 as the continued global economic downturn triggered a slump in sales – compared to a €91m profit for the...

Wessanen reveals financial fallout from irregularities at beverage unit

Royal Wessanen is planning court proceedings against its former CEO and has revealed the financial fallout of accounting irregularities discovered at its subsidiary American Beverage Company (ABC).

Rexam considers rights issue, market remains weak

Beauty packaging specialist Rexam is considering issuing new equity to service its burdensome debt pile, after market conditions failed to improve in the last quarter.

Coca-Cola and PepsiCo reveal fizz in flat sales

International sales have bolstered the second quarter performance of both Coca-Cola and PepsiCo, indicating that there still fizz in the soft drink market.

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