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- Waterlogic buys Colombian company Aquamaq
Waterlogic has expanded its operations in Colombia with the acquisition of Aquamaq. Founded in 2002, Aquamaq offers point-of-use (POU) water dispensers, purifiers and filters. The acquisition is said to add "substantial growth" to the Waterlogic business and expands the company's machine range to a diverse customer base in 131 cities across Colombia. "This integration will allow us to reach a significant number of new clients, delivering our innovative technology and 'total care service'," said Waterlogic's managing director for Latin America, Rodrigo Serres. "Colombia’s POU market has been rapidly embracing Waterlogic’s technology, delivering water of a high purity level and helping protect users against Covid-19." Last month, Waterlogic and Culligan International signed an agreement to create a combined water solutions and services company.
- Regal Confections acquires ice lolly maker Kisko
Canadian confectioner Regal Confections has acquired local ice lolly firm Kisko Products for an undisclosed sum. Founded in Jamaica in 1968, Kisko's owned brand portfolio includes Mr. Freeze, Kisko and Mrs. J's Natural, as well as licensed brands such as Welch's, Mott's and Crush. "We are excited to partner with Regal to uphold our values and foster growth for our brand partners and customers, relying on Regal's 60 years of experience representing prestigious brands, manufacturing capabilities through their Chocolat Jean-Talon division, and seasonal expertise," said Mark Josephs, president of Kisko. Regal's president and CEO, Hani Basile, added: "With Kisko, Regal will elevate its presence in the spring and summer season and strengthen its volumes and capabilities in the US". The deal was supported by Canadian private equity firm Clearspring Capital Partners and Regal's other shareholders and banking partners. Clearspring's principal, Milap Choksey, said: "There is a tremendous fit between Regal and Kisko, including shared values, similar business models, counter-seasonality, and complementary product offerings that bring joy to millions across North America. Kisko's penetration within the freeze pops industry is impressive and we look forward to providing capital and strategic support to expand the company's presence in existing and new markets."
- Ben & Jerry's launches new sundae ice cream range
Unilever-owned Ben & Jerry's has announced the launch of a new sundae ice cream range featuring whipped ice cream topping. The new range consists of four new flavour variations including a plant-based addition. 'Cookie Vermont-ster' includes sweet cream ice cream with chocolate chip cookies and chocolatey cookie swirls while 'Hazel-nuttin’ but Chocolate' contains chocolate hazelnut ice cream with brownie pieces and sea salt chocolatey swirls. 'Oh My! Banoffee Pie!' has a creamy banana ice cream base with additional chocolatey caramel cups and cookie swirls. Lastly, Non-'Dairy Berry Revolutionary' includes raspberry vegan ice cream with sandwich cookies and chocolatey cookie swirls. Priscille Moussy, flavour guru at Ben & Jerry’s, said: “You might think you know a sundae… But are you ready for a sundae the Ben & Jerry’s way?! Inspired by the American classic, we wanted to show dessert devotees you do not have to go out to go all out. Sundaes are ice cream plus so much more (we left out the kitchen sink, you’re welcome!). We think you’re going to need a bigger spoon to dig deep into these layers!”. Ben & Jerry’s sundae range will be available in retailers everywhere this January, with an RRP of £5.49 per tub.
- JBS finalises acquisition of Rivalea in Australia
Brazil's JBS has finalised its acquisition of Rivalea, an Australian pork production company, from Singapore-listed food company QAF. Rivalea is a market leader in hog breeding and processing in Australia, accounting for 26% of the hogs processed in the country. The company owns two pork processing facilities, located in Melbourne and Corowa. The acquisition was originally announced back in June last year for a proposed enterprise value of AUD 175 million ($135 million). With the purchase, JBS hopes to strengthen its position in Australia and become the leader in pork processing in the country. The deal adds a number of brands to JBS's portfolio and is expected to strengthen the company's export platform. “With the acquisition of Rivalea, JBS becomes a leader in pork processing in Australia. We will add important brands to our portfolio to create strong conditions to accelerate the growth of the value-added and branded businesses in the country, in addition to strengthening our export platform,” said Gilberto Tomazoni, JBS global CEO, in a statement released back in June.
- Primo Water Corporation acquires Belgian firm SipWell
Primo Water Corporation has announced the acquisition of Sip-Well (SipWell), a Belgium-based distributor of water solutions. According to Primo, SipWell is well-positioned for future growth, and the acquisition will help to strengthen its own presence in Western and Central Europe. "SipWell offers high-quality water solutions and delivers superior customer service that aligns with our mission of inspiring healthier lives through better quality water," said Primo's CEO, Tom Harrington. "The addition of SipWell makes Primo the leading provider of sustainable drinking solutions in Belgium, expanding the Primo footprint and furthering our vision of providing pure-play water solutions whenever, wherever and however our customers want them." Terms of the transaction were not disclosed. The news follows Primo subsidiary Primo Water North America's acquisition of two water businesses in the US.
- Bel Group announces launch of Babybel Plant-Based
Bel Group has expanded its Babybel portfolio with the introduction of a vegan variant. Offering a ‘smooth and creamy’ texture, Babybel Plant-Based is made using a blend of coconut oil and starch. The latest addition to the Babybel snacking cheese range is free from artificial colours and preservatives, and a source of calcium and vitamin B12. Ollie Richmond, brand manager at Babybel, said: “We’ve seen overwhelming demand for the development of a vegan-friendly Babybel over the years, and with the plant-based market continuing to grow substantially, the new launch is perfectly timed to meet this consumer appetite”. Babybel Plant-Based is sold in a fully recyclable paper outer bag. Each portioned snack is individually wrapped in a green variant of the brand’s signature wax shell. With an MRSP of £2 per pack of five, Babybel Plant-Based is available in Sainsbury’s.
- AB InBev launches Corona non-alcoholic beer with vitamin D
AB InBev-owned beer company Corona is launching its innovative non-alcoholic beer which contains added vitamin D. Corona Sunbrew 0.0% boasts 30% of the daily value of vitamin D per 330 ml serving in Canada and contains 60 calories. The new release was developed from Corona Extra by extracting the alcohol and then blending the non-alcoholic beer with vitamin D and natural flavours to reach the final recipe. The non-alcoholic beverage delivers a refreshingly crisp finish and a clear and pale golden color that is enjoyed with a slice of lime. Felipe Ambra, global vice president for Corona, commented: "As a brand that was born on the beach, Corona embraces the outdoors in everything we do, because we believe that outside is where people best disconnect and relax. The feeling of the sun is one of the things that people love most about the outdoors and the Corona brand is always innovating to remind them of that feeling. Now, we're excited to offer consumers Corona Sunbrew 0.0%, the first non-alcoholic beer with vitamin D, reinforcing our desire to help people reconnect to nature, anytime." The brand will first launch Corona Sunbrew 0.0% in Canada before extending the product offering in the UK followed by key markets across the rest of Europe, South America and Asia.
- Coca-Cola unveils Topo Chico Ranch Water Hard Seltzer, expands nationwide
Coca-Cola-owned Topo Chico has unveiled a new Ranch Water seltzer in the US. Topo Chico Ranch Water Hard Seltzer features tequila, lime and sparkling water. The Ranch Water flavour is available across nine US states, including California, Texas and Oklahoma. The new SKU comes in a single-flavour, 12-pack of 12oz slim cans and contains 4.7% abv and 100 calories. The brand has also announced the expansion of its original Topo Chico Hard Seltzer variety pack nationwide. Topo Chico Hard Seltzer is available in four flavours: Strawberry Guava, Exotic Pineapple, Tangy Lemon Lime and Tropical Mango. In late 2020, Molson Coors entered into an exclusive agreement with Coca-Cola to manufacture, market and distribute Topo Chico Hard Seltzer in the US. "Between launching Ranch Water Hard Seltzer regionally and nationally distributing our variety pack, we're hitting the ground running in the new year with a new flavour proposition and new markets across the country for drinkers to enjoy Topo Chico Hard Seltzer," said Matt Escalante, senior director of hard seltzers at Molson Coors.
- Darigold announces retirement of president and CEO Stan Ryan
Dairy co-operative Darigold has announced the retirement of president and CEO Stan Ryan, who will be succeeded as chief executive by Joe Coote. Ryan, who joined Darigold in 2016 after spending 25 years at Cargill, is said to have led efforts to modernise and globalise the co-op. He will retire at the end of the company’s fiscal year ending 31 March. “Leading Darigold for the last six years has been a tremendous honour. I’m proud to be associated with this enterprise and its enduring commitment to success,” said Ryan. “When I arrived, I found an organisation with a rich legacy in the dairy industry and immense potential for competitive leadership in the future. I am confident that I am leaving the co-op with a solid foundation of capabilities and the internal team to deliver that bright future, especially with Joe at the helm.” Coote, who currently serves as president of Darigold’s global ingredients division, has been promoted to CEO under the company’s succession plan. Prior to joining Darigold in November 2020, Coote is said to have served in various leadership roles with ‘one of the world’s largest dairy companies’. Allan Huttema, chairman of Darigold’s board of directors, said: “We brought Joe into our company with succession in mind, and as a candidate to replace Stan. He brings extensive experience leading international organisations, including 14 years in senior leadership positions in global and domestic dairy. “In his time at Darigold, Joe has made significant impacts in our global ingredients division, building strong relationships with customers and throughout the value chain, advancing commercialisation, and growing revenues. He is the right leader to help us on our journey to lead dairy forward from the very solid foundation Stan has put in place.”
- SIG to acquire Evergreen's fresh carton business in Asia Pacific for $335m
SIG has agreed to acquire Pactiv Evergreen's Asia Pacific fresh operations (Evergreen Asia) for an enterprise value of $335 million. Evergreen Asia supplies filling machines, cartons, closures and after-sales service to its customers in the fresh segment, mainly within the milk category, and has production facilities in mainland China, South Korea and Taiwan. The company is starting to develop in other Southeast Asian markets, where SIG is already well-established in the aseptic segment. The acquisition will enable SIG to strengthen its position with existing customers and to expand into a new customer base. SIG also plans to use its local R&D presence and innovation capabilities, as well as its marketing expertise, to produce more innovative packaging formats in the fresh dairy market. Lidong Fan, president and general manager in Asia Pacific North, said: "In China, milk is increasingly seen as an important source of protein and as good for health, representing an attractive growth opportunity for fresh as well as aseptic milk. The Evergreen Asia business adds fresh milk cartons to our strong liquid dairy portfolio which, until now, has been mainly focused on single-serve packs and on-the-go consumption. As fresh milk is mainly consumed at home, this acquisition broadens our range with an increase in family-sized packs." As part of the transaction, SIG will be entering into a new coated carton board purchase agreement with Pactiv Evergreen.
- Solace Nutrition buys high-protein meal replacement company
US medical nutrition company Solace Nutrition has acquired all of the assets of R-Kane Nutritionals. R-Kane Nutritionals is a company specialising in high-protein meal replacement products to support weight loss management. Solace Nutrition's CEO, Thomas Clough, said: "R-Kane Nutritionals has a long and rich history of promoting products that help people seeking significant weight loss, including supporting medically-supervised weight loss programmes". He continued: "This acquisition offers Solace growth into an adjacent nutritional management market and allows us to leverage the core competencies that we've developed in manufacturing and distribution over the years to R-Kane customers. Bringing R-Kane Nutritionals into Solace will create synergies and help accelerate growth in both brands." Terms of the transaction were not disclosed.
- Primo Water North America acquires two US water distributors
Primo Water Corporation subsidiary, Primo Water North America (PWNA), has bought two water businesses in the US for an undisclosed sum. PWNA says that it has acquired 'substantially all of the assets' of Arkansas-based Clear Mountain Refreshment Services and of the Mountain Valley distributor business of North Texas Mountain Valley Corporation, which operates five locations in Texas. Primo's CEO, Tom Harrington, said: "With a combined customer count that exceeds 17,000 and an area that includes a population of nearly 20 million residents, these companies will fit seamlessly into the Primo family and align with our mission of inspiring healthier lives through better quality water". He continued: "Along with the continued distribution of Primo's Mountain Valley premium water brand and our full suite of water product offerings, customers should expect the same great level of service they've been accustomed to. The acquisitions expand the Primo footprint and further our vision of providing water solutions whenever, wherever and however our customers want them." Both businesses are independent distributors of Primo's Mountain Valley water brand. In late-2020, Primo acquired Mountain Valley Water Company of Los Angeles.

