Food and Beverage news

An investment group led by Cerberus Capital Management has agreed to purchase the US supermarket firm Safeway

French food company Danone is looking to expand in China through the doubling of its stake in the country’s largest milk producer

Shareholders of US pork producer Smithfield Foods have approved a buyout by Chinese firm Shuanghui International for $4.7 billion in cash

South African drinks company Distell is to pay £160 million for whisky firm Burn Steward Distillers

JAB, the group lead by German investor Joh A. Benckiser, is to purchase Dutch firm DE Master Blenders, the business behind the well-known Douwe Egberts coffee brand

In what has been described as a historic deal, and the largest to date in the food industry, US billionaire Warren Buffett is to buy food giant Heinz for as much as $28 billion.

 

Brewing giant SABMiller has agreed to buy China’s Kingway Brewery Holdings in a deal worth $864 million.

 

Boasted by its Magnum ice creams and Sunsilk hair care products both becoming billion-euro brands, Anglo-Dutch food conglomerate Unilever has announced a pre-tax profit increase of 7 percent in 20122 to 6.7 billion euros.

 

The global expansion of Starbucks, already the world’s largest coffee-shop company, is set to continue with the chain announcing that is will soon open its first store in Vietnam.

 

American global food processing and commodities trading corporation Archer Daniels Midland (ADM) has made a takeover offer for Australia’s largest grain merchant, GrainCorp. 

 

Coca-Cola, the world’s largest and most recognisable soft-drinks maker has reported a net profit of $2.3 billion during the third quarter of 2012.

 

Yum Brands, the owner of the KFC, Pizza Hut and Taco Bell chains, has reported a net profit of $471 million for the three months to September 8th. 

 

In what will be a welcome boost for its economy, Zimbabwe has announced a substantial increase in its tobacco production levels.

Dutch brewer Heineken is set to take control of Asia Pacific Breweries (APB), makers of the popular Tiger beer.