Industry Developments

US-based Campbell Soup has agreed two separate deals to sell organic soup under the Wolfgang Puck label. Campbell has agreed to acquire the Wolfgang Puck soup business from New Jersey-based... 2008-07-07

Dairy Partners of America, the joint 50-50 joint venture set up by dairy giants Fonterra and Nestlé, has announced plans to build a new yoghurt plant in the Brazilian state of Bahia.... 2008-07-04

Mexico-based FEMSA has announced it will invest nearly US$1.4bn this year. This represents a 40% increase in the amount invested last year, and the firm has earmarked the greatest... 2008-07-03

Brazilian meat firm Sadia has announced it will invest BRL650mn (US$406mn) in a new pork processing plant in the state of Santa Catarina. The plant, which should be in operation by... 2008-07-02

Canada-based Cott Corporation, the world's largest manufacturer of private label soft drinks, has outlined its turnaround strategy, which includes refocusing on private label brands... 2008-07-01

GK Foods, the food arm of Jamaican conglomerate GraceKennedy, has revealed that its profits in the first quarter were hit by the rising cost of raw materials. Both GK Foods, and its... 2008-06-30

US Brewer Anheuser-Busch (A-B) has snubbed a takeover approach from InBev, claiming that the US$65 per share offer is too low. The bid represents a premium of around 30% on A-B's... 2008-06-27

AmBev, which controls around 70% of the Brazilian beer market, has announced it will invest BRL213mn (US$132mn) to build a new malt plant in the Brazilian state of Rio Grande do Sul.... 2008-06-26

Diageo, the world's largest alcoholic beverage company, has announced plans to build a high capacity rum facility on the island of St Croix in the US Virgin Islands. The state of... 2008-06-25

Brazilian biofuel firm Infinity Bio-Energy is expected to emerge as the new owner of Jamaica's state-owned sugar business after winning a public tender. The Sugar Company of Jamaica... 2008-06-24