Saudi Arabia’s BinDawood Holding has signed a binding agreement to acquire a 51% stake in Vaza Food Company for approximately SAR 217.5 million ($58 million), marking a strategic move to strengthen its position in fresh and specialty food segments. The transaction, executed through Future Retail for Information Technology Co., …
Solico strengthens GCC food processing and packaging with SoFood facility
Solico Group has strengthened its regional manufacturing footprint with the launch of its AED 130 million SoFood facility in Jebel Ali Free Zone (Jafza), Dubai—an investment that underscores the growing importance of integrated processing-packaging in export-oriented food production. The facility, designed with an initial production capacity of up to 40 tons …
Continue reading “Solico strengthens GCC food processing and packaging with SoFood facility”
Quickart UAE expands local food supply model with $1.5 million funding
Quickart UAE has strengthened its local food supply model following the securing of $1.5 million in seed funding, aimed at expanding infrastructure and supply chain capabilities across the United Arab Emirates. Founded in 2022 by Pravin Rai, the company operates a farm-to-home platform connecting households and HoReCa businesses with locally …
Continue reading “Quickart UAE expands local food supply model with $1.5 million funding”
Sharakah signs MoU with Ocean of Majan to support industrial packaging manufacturing in Oman
Oman: Sharakah, Oman’s SME development company, has signed a Memorandum of Understanding (MoU) with Ocean of Majan International Commercial Services LLC, the company behind the Bagpak brand of industrial packaging solutions. The partnership is aimed at supporting SMEs operating in key industrial sectors and strengthening local packaging manufacturing capabilities. Under …
Borouge International formed as global polyolefins leader following OMV and XRG deal completion
The completion of the strategic transaction between OMV and XRG has resulted in the formation of Borouge International, positioning the company as the world’s fourth-largest polyolefins producer and a major new force in global materials supply. The new entity has been created through the combination of Borouge and Borealis, alongside the acquisition of NOVA Chemicals for $13.4 billion, establishing a …
Henkel to acquire OLAPLEX to expand premium hair care portfolio
Henkel has entered into a definitive agreement to acquire 100% of OLAPLEX, a premium hair care brand, at an offer price of USD 2.06 per share, implying a total transaction value of USD 1.4 billion. The transaction has been unanimously approved by OLAPLEX’s Board of Directors. Advent, OLAPLEX’s controlling shareholder, has …
Continue reading “Henkel to acquire OLAPLEX to expand premium hair care portfolio”
Unilever announces $20bn foods business combination deal with McCormick & Company
Unilever has announced an agreement to combine Unilever’s Foods business with McCormick, forming a global flavour-focused entity with combined revenues of approximately $20 billion based on fiscal year 2025 data. The transaction will bring together established brands including Knorr, Hellmann’s and McCormick, alongside growth-oriented brands such as Cholula, Maille and …
Continue reading “Unilever announces $20bn foods business combination deal with McCormick & Company”
The Coca-Cola system announces R17.6 billion investment in South Africa
The The Coca-Cola Company and its authorised bottling partners, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, have announced a planned investment of R17.6 billion (approximately $1 billion) in South Africa through 2030. The announcement was made at the South Africa Investment Conference in Johannesburg by Luis Felipe Avellar, president …
Continue reading “The Coca-Cola system announces R17.6 billion investment in South Africa”
Liberia to establish first national packaging centre to support SME competitiveness
Liberia is set to establish its first dedicated packaging facility under the Liberia Special Economic Zones Authority (LSEZA), in a move aimed at strengthening the competitiveness of small and medium enterprises (SMEs) and improving the quality of locally produced goods. The facility, to be known as Liberia Packaging Solutions (LPS), will provide …
African LNG projects gain strategic relevance as Europe seeks supply stability
Europe’s gas supply strategy is facing renewed strain amid rising geopolitical risks and tightening global LNG markets, shifting attention toward African liquefied natural gas (LNG) projects that were sanctioned prior to current disruptions and are now nearing or entering production. These projects are increasingly viewed as near-term supply options, offering available or soon-to-be-available volumes without …
Continue reading “African LNG projects gain strategic relevance as Europe seeks supply stability”