Players looking to capitalise on the growing African market may move for parts of United Biscuits (UB) following speculation of a split ahead of a £500m sale.
Singapore-based ingredients firm Olam has acquired Nigerian biscuit and candy maker Titanium Holding Company for $167M as it looks to seize upon the developing African market.
Mondi Group has unveiled a financial plan to spin off its South African packaging operations to give both businesses the flexibility to pursue different opportunities.
Increasing demand from the emerging middle class and the growing food and beverage sectors will drive growth for plastic packaging in southern Africa, according to a report from Frost & Sullivan.
Focusing further on cocoa bean sourcing and processing, Zurich-based Barry Callebaut spins-off Chococam, the last of its consumer activities in Africa, to South African food firm Tiger Brands.
Elopak, the Norwegian-based packaging group, has designed a carton
which it hopes will allow it to exploit the growing opportunity for
dairy-based beverages in the South African market, Tom Armitage
reports.
Nampak group chairman Trevor Evans expects the South African
packaging group's overall turnover to greatly exceed last year's
figures and that its European operation will be more profitable,
according to the company's...
The CSIR, South Africa's science and technology provider, has said
the South African fishing industry must start using less water
during fish processing, according to a report from fis.com.
Crown Cork & Seal completes $23.5 million sale of packaging
units in Central and Eastern Africa, although Zambian unit sale is
still subject to anti-trust approval.
