Heinz New Zealand is seeking clearance from the Commerce Commission to acquire the food, sauces and instant coffee business of Cerebos Pacific Limited from Suntory-owned subsidiary Cerebos Gregg’s.
Basmati rice manufacturer LT Foods will launch premium rice-based snacks through a joint venture with Kameda Seika of Japan, under the brand name Kari Kari.
Mars Foods will buy the American-based owner of Tasty Bite Foodservice (TFS), a manufacturer of all-natural, ready-to-heat Indian and Asian food products, for an undisclosed price.
Tastes are changing fast in Japan, where younger consumers are adopting more Western foods, traditional dishes are fusing with Spanish ingredients and snacking is on the rise.
Saudi Arabia's younger consumers and working women are driving a gradual shift towards microwaveable meals, but wider change will be slow to come, according to research firm Euromonitor.
Filipino food major Universal Robina Corp's has partnered with Calbee Inc., Japan's largest snack food company, a move that will further establish both firms in Philippines’ growing packaged food market.
An Australian consumer rights watchdog has branded liquid breakfasts’ nutritional claims as “dodgy” and “shonky” following an investigation into 23 brands.
CHOICE Australia has slammed industry on high sodium levels in snacks and breakfast cereal targeting kids and has called for tougher action towards change.
The Chinese green snacks market will triple in value from 1.2 billion yuan (US$190 million) in 2010 to 3.6bn Chinese yuan (US$570 million) by 2014, according to research from the University of Science & Technology in Beijing.
Rumours have abounded this past week that buyout fund Pacific Equity Partners (PEP) is looking to sell New Zealand-based Griffin's Foods, a maker of biscuits, snacks, and confectionery products for the Australasian market.
