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Mars UK to Introduce New £350 Million Sustainable Logistics Operation
Mars UK has announced a multi-year partnership with logistics leader DHL. The landmark project will see the construction of two state-of-the-art warehousing facilities and the creation of a world class logistics operation. The new sites, based in the Midlands and East London, represent an investment of £350 million and have been designed with sustainability at front…
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Valeo Foods Group Acquires Leading German Confectionery Business
Valeo Foods Group has acquired Schluckwerder Holding, the leading specialist producer of confectionery products popular throughout Germany and internationally, from German mid-market private equity firm Novum Capital. With this latest transaction, Valeo Foods’ annualised revenues will increase to approximately €1.2 billion, further consolidating the group’s position as a major international food business across its three…
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New Chief Financial Officer For Diageo
Diageo has announced that Kathryn Mikells, Chief Financial Officer, will leave the company at the end of June 2021 and will return to the US after almost six years in role. Lavanya Chandrashekar, Chief Financial Officer, Diageo North America and Global Head of Investor Relations is appointed Chief Financial Officer, Diageo, effective…
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Irish Food and Drink Exports Steadied to 2% Decline in 2020 During Period of Record Economic Disruption
New figures released in the annual Bord Bia Export Performance and Prospects report 2020/2021 show that the value of exports of Irish food, drink and horticulture were held to a marginal 2% decline in 2020, valued at €13 billion (v €13.2 billion in 2019), during a period of unprecedented change and challenge that saw the largest disruption to normal…
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Abergavenny Fine Food Sells Blended Cheese Business to Focus on Growth Areas
Welsh food manufacturer The Abergavenny Fine Food Co. has sold its blended cheese business to Somerdale International, the British cheese exporter. The move will enable The Abergavenny Fine Food Co. to focus on expanding and developing its exports and value-added lines.
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New Report Reveals Mainland China as Prominent Innovator in the Global Alcoholic Beverage Industry
Clarivate Plc, a global leader in providing trusted information and insights to accelerate the pace of innovation, has released a new report that explores the drivers, dynamism and state of innovation in the global alcoholic beverage industry. ‘Distilling the IP dynamics of the alcoholic beverage industry’ uncovers a significant geographic shift, with Mainland…
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HKScan Aiming at Carbon-neutral Food Production
HKScan, the Nordic meat and food group, has set the goal of carbon neutrality of its own industrial production by the end of 2025 and carbon neutrality of the entire food chain from farms to consumers by the end of 2040 at the latest. Climate work is carried out in all our home market areas…
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FrieslandCampina Switches to 100% Recycled PET Bottles
As from February 2021, FrieslandCampina will be making PET bottles from 100% recycled PET (rPET). Because a PET bottle can only be recycled if the consumer has removed the label, FrieslandCampina's Research & Development department has additionally developed a brand new "zipper" that makes it easier to separate from the bottle. This makes…
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