Gama News – July - September 2024

Page 1


Mars enters agreement to acquire Kellanova

$36.9 billion deal to create snacking monolith

Carlsberg to buy Britvic

Leading brewer aiming to strengthen in soft drinks

Insight by Gama Compass

VBites
Cris Arcangeli Beauty'in
Nicolas Trentesaux SIAL

Editorial

CEO & Executive Editor

CEO & Executive Editor

Cesar Pereira

Cesar Pereira

Heard the buzz? Honey is all the rage, and in this month's Insight by Gama Compass we dive deep into its growing popularity as a headline ingredient in consumer goods innovation. As natural sweeteners cement their popularity, honey is becoming especially beloved for its 'real' and 'recognisable' attributes, as well as its supposed therapeutic properties. Turn to page 12 to read more.

Here in Manchester we're also busy gearing up for the latest edition of the Gama Innovation Conference & Awards (GICA) at the end of October. The event once again promises to be a fantastic showcase of all that's new and exciting in FMCG, and you can check out the finalists in each of the ten award categories starting on page 23.

Elsewhere, we look back on the latest edition of InterTabac, look ahead to SIAL and Fi Europe, and speak to two of the industry's most well-known and influential voices in the shape of Heather Mills and Cris Arcangeli.

Enjoy our latest issue.

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Gama News over the years

USA: Mars enters agreement to acquire Kellanova

Roundup: Les Mousquetaires, Salling Group, CVS Pharmacy

MARS ENTERS AGREEMENT TO AQCUIRE KELLANOVA

USA: $36.9 BILLION DEAL TO CREATE SNACKING MONOLITH

Mars, the leading food multinational, has signed an agreement to acquire Kellanova, the breakfast foods and snacks major, in a deal valued at $35.9 billion.

Kellanova’s portfolio includes snack brands such as Pringles, Cheez-It, Pop-Tarts, Rice Krispies Treats, NutriGrain, and RXBAR, and other food brands including Kellogg’s, Eggo, and MorningStar Farms. The company had 2023 net sales of more than $13 billion, and has a presence in 180 markets as well as a workforce of approximately 23,000.

Mars said it would pay $83.50 per share, including net leverage, for all of Kellanova’s brands and assets.

Commenting on the acquisition, Mars CEO and office of the president Poul Weihrauch said: “In welcoming Kellanova’s portfolio of growing global brands, we have a substantial opportunity for Mars to further develop a sustainable snacking business that is fit for the future. We will honor the heritage and innovation behind Kellanova’s incredible snacking and food brands while combining our respective strengths to

deliver more choice and innovation to consumers and customers”.

Kellanova chairman, president and CEO Steve Cahillane added: “This is a truly historic combination with a compelling cultural and strategic fit. Kellanova has been on a transformation journey to become the world’s best snacking company, and this opportunity to join Mars enables us to accelerate the realization of our full potential and our vision. The transaction maximizes shareholder value through an all-cash transaction at an attractive purchase price and creates new and exciting opportunities for our employees, customers, and suppliers”.

The transaction is expected to close within the first half of 2025, subject to customary regulatory approvals and Kellanova shareholder approval.

Source: Mars / Kellanova

Image source: Mars / Kellanova (montage)

GERMANY: HARIBO INVESTS €300 MILLION IN NEW PRODUCTION PLANT IN NEUSS

Haribo, the world’s leading manufacturer of licorice and gummy sweets, has announced it is investing €300 million ($326 million) in a new produc-

tion plant in Neuss, in Germany’s North Rhine-Westphalia region.

The company said it was planning to acquire 14 hectares of land for the new plant at the Neuss-Holzheim industrial park. This new facility will function alongside the existing Julicher Landstrasse site until 2030, whenthe latter will shut down.

The new facility is set to produce both Maoam brand fruit chews and Haribo brand fruit gums.

Commenting on the news, Arndt Rüsges, Chief Operations

Officer DACH, said: “MAOAM has its roots in Neuss. This is where our production knowhow lies. The competence and experience of our employees is our greatestasset”.

“With the new plant, we are now taking the next logical step into the future and consciously investing in Germany, our important home market, as a business location”, he added.

Construction is expected to begin early next year and the plant is projected to be operational by 2028. The investment will reportedly generate around 100newjobs.

Source/imagesource: Haribo

By: InnovationEditor–Europe

USA: PEPSICO TO BUILD SNACK PLANT IN KAZAKHSTAN

US-based consumer goods giant PepsiCo has announced plans to build a new savoury snack plant in Almaty, in southeast Kazakhstan, according to a report in The Times of Central Asia.

With an initial investment of $160 million, the plant is expected to be the largest of its kind in Central Asia and to produce products such as Lay’s potato crisps.

According to David Manzini, president of PepsiCo in Central Asia, Russia, Belarus, and Caucasus, raw materials to supply the plant, including up to 66,000 tons of potatoes between 20262030, will be bought from Kazakhfarmers.

The new factory is scheduled to open in 2026 and is expected to yield up to 16,000 tonnes of snack products within the first year, increasing to 21,000 tons from 2027, for distribution to both the Central Asian market and abroad.

Source: The Times of Central Asia

Imagesource: PepsiCo

By: InnovationEditor–North America

USA: LASSONDE TO ACQUIRE SUMMER GARDEN FOOD FOR $235 MILLION

Lassonde, a producer of readyto-drink fruit and vegetable juices and drinks, has announced it has entered into an agreement to acquire Summer Garden Food, a US-based specialty food manufacturer and distributor, for $235 million.

Founded in 1946, Summer Garden operates as a wholly owned subsidiary of The Zidian Group, manufacturing, marketing and distributing sauces, marinades, dressings and other shelf-stable products. The company has a portfolio of 250 products, with a brand roster that includes G Hughes, Gia Russa, and Little Italy in the Bronx.

Commenting on the deal, Lassonde chief executive officer and vice-chair of the board of directors Nathalie Lassonde said: “The acquisition of Summer Garden supports our ambition to become a more diversified North American food and beverage company. Growing our specialty food activities is one of Lassonde’s key strategic objectives and we are happy to have found the right company to help us achieve this objective”.

The transaction is subject to regulatory clearance and is expected to close within 30 to 45 days.

Source: Lassonde

Imagesource: Lassonde ./Summer GardenFood (montage)

FRANCE: EMMI ENTERS DEAL TO BUY MADEMOISELLE DESSERTS

Leading Swiss dairy company Emmi has announced it has entered into a put option agreement for the acquisition of French dessert firm Mademoiselle Desserts for €900 million ($1.02 billion) to expand in the premium desserts category.

Founded in 1980, Mademoiselle Desserts is known for its premium patisserie products and dominates the European dessert market with 12 production facilities in France, the UK, the Netherlands and Belgium.

Mademoiselle Desserts has also recently announced the launch of Moi, its first global consumer retail brand. The first product line available under the brand will be French mini beignets in Hazelnut & Cocoa, Red Fruits, Apple and Speculoos flavours.

Commenting on the acquisition, Emmi Group CEO Ricarda Demarmels said: “This strategically important step would allow us to exploit the global growth opportunities in the premium desserts category and take our portfolio transformation further. We aim to unite the ‘savoir faire’ of the French dessert-making and patisserie from Mademoiselle Desserts with the dessert creations of

CARLSBERG TO BUY BRITVIC

UK: LEADING BREWER AIMING TO STRENGTHEN IN SOFT DRINKS

Carlsberg, the multinational brewer, has announced that it has entered into an agreement to acquire UK-based soft drink business Britvic for £3.3 billion ($4.2 billion) to expanditsbottlingoperationsacrossEurope.

BritvicisthemainpartnerforPepsiCointheUKandIreland withexclusiverightstomanufacture,bottle,andsellbrands including Pepsi, 7UP, and Lipton. It also owns brands such asRobinsons,Tango,FruitShoot,J2O,AquaLibra.

Commenting on the acquisition, Britvic non-executive chair Ian Durant said: “The proposed transaction creates an enlarged international group that is well-placed to capture the growth opportunities in multiple drinks sectors. […] Carlsberg’s agreement with PepsiCo provides the combined groupwithastrongplatformforcontinuedsuccess”.

Carlsberg Group CEO Jacob Aarup-Andersen added: “With this transaction, we are combining Britvic’s

our passionate ‘pasticceri’ and innovative American and Latin inspired desserts from Italy and the US under the Emmi Group umbrella”.

Mademoiselle Desserts Group CEO Didier Boudy added: “We are truly delighted and excited about the prospect of joining our Italian and American colleagues from the Emmi Group and uniting our dessert expertise. Together, we would grow the desserts business with a fabulous range of iconic products”.

The transaction is subject to approval by competition and regulatory authorities.

Source: Emmi / Mademoiselle Desserts

Imagesource: Emmi / Mademoiselle Desserts (montage)

high-quality soft drinks portfolio with Carlsberg’s strong beer portfolio and route-to-market capabilities, creating an enhanced proposition across the UK and other markets in Western Europe. […] We are excited about expanding our global partnership with PepsiCo and believe that the longer-term opportunities will be very beneficial for both companies”.

Carlsberg said that it planned to establish a unified beveragecompanyintheUKnamedCarlsbergBritvic.

The acquisition is subject to regulatory approvals and is expectedtocloseinthefourthquarterof2024.

By: Innovation Editor – Europe

Source: Carlsberg / The Spirits Business

Image source: Carlsberg / Britvic (montage)

INDIA: HALEON TO SELL NICOTINE REPLACEMENT BUSINESS

Haleon, a consumer healthcare firm, has announced it has entered into an agreement to sell its nicotine replacement therapy business outside of the US to Indian multinational pharmaceutical company Dr Reddy’s for £500million($633 million).

The portfolio set to be acquired includes the brands Nicotinell,

Nicabate, Habitrol, and Thrive, inclusive of all formats such as lozenges, patches and gums, as well as pipeline products across over 30markets.

Commenting on the acquisition, Haleon chief executive officer Brian McNamara said: “The divestment of Haleon’s NRT business outside of the US is a further example of Haleon being proactive in managing its portfolio and is consistent with our strategy as we implement change to become more agile and competitive. Whilst this business has great brands, these are not core for us, but I’m sure they will continue to flourish given the focus and capability of Dr Reddy’s”.

Dr. Reddy’s chief executive officer Erez Israeli said: “We see the acquisition of this global portfolioofconsumerhealthcare products led by the global

brand Nicotinell as a logical extension of our efforts in consumer healthcare OTC in recent years, and of our purpose of ‘Good HealthCan’t Wait’. […] We believe we can unlock more value, grow the portfolio further, and increase consumer access around the world to these global brands”.

The transaction is expected to close inearly Q4, subject to regulatory approvals and other customary closing conditions.

Source: Haleon/Dr Reddy’s

Imagesource: Haleon/ Dr Reddy’s(montage)

By: InnovationEditor –Asia Pacific

GERMANY: MULLER TO BUILD NEW YOGHURT FACILITY

MERGERS & ACQUISITIONS

IN BRIEF

Muller, the German dairy giant, has announced plans to build a 4,500 sq m production facility in Aretsried, Germany for the manufacture of Landliebe yoghurt, specialising in reusable glass jars.

The new facility will be equipped with state-of-the-art machinery for filling, sorting, and cleaning the jars, and will increase overall yoghurt production capacity at the site.

Commenting on the move, Muller Germany managing director Cornelia Heiser said: “This investment is an important step for one of the Landliebe brand’s iconic products, yoghurt in a jar, which will be bottled in Aretsried from 2026. The site is the birthplace of the Müller brand, which has developed from here to its current strength. With the same spirit, we now want to help the Landliebe brand regain its former strengthinthe market”.

Muller has invested roughly €140 million ($152.6 million) in the Aretsried site over the past ten years, including a new high-bay warehouse, an extension to the administration

Kirin, the leading Japanese drinks firm, has announced a ¥220 billion yen ($1.39 billion) tender offer to acquire the remaining shares in personal care firm Fancl, with the aim of making it a wholly-owned subsidiary. Kirin acquired around 33% of Fancl’s shares and established a capital and business alliance in 2019. Source:Kirin

Idilia Foods, a diversified Spanish food and drinks firm, has announced the acquisition of 50% of dairy drinks maker Cacaolat from

building, and now the new production building.

The new facility is expected to be completed in the summer of 2025 and will create approximately 50newjobs.

Source/imagesource: Muller By: InnovationEditor –Europe

USA: KILLER BROWNIE INVESTING IN EXPANDED FACILITY

Killer Brownie, a maker of single-serve and assorted brownies, has announced plans to invest up to $1 million to expand its manufacturing plant in Miamisburg, OH.

According to sources, the company is planning to add a 10,500 sq ft facility adjacent to its existing 27,000 sq ft plant,

beermaker Damm. Founded in 1933 in Barcelona, Cacaolat is known for its namesake brand of chocolate milk, as well as Letona and Laccao, and generated turnover of €82 million ($88.1 million) in 2023. Source:IdiliaFoods/Damm

Diageo has announced the sale of its Guinness Nigeria business to the Tolaram Group, a diversified holding company based in Singapore. According to sources, Diageo will sell its 58.02% stake in Guinness Nigeria to the Tolaram Group for 81.60 NGN ($0.05) per share, as part of its wider plans to exit the brewing business in Africa.

Source:TrendType

adding both office space and anR&D centre.

Commenting on the move, Killer Brownie chief operating officer Matt Ross said: “We need more floor space to do more baking and packaging. When I joined there were 8 of us and now there’s 128. Revenue was 10 times what it was when I started, so we just need to make morebrownies”.

“R&D is a big part of our business that’s what makes us unique”, he added. “They’re working on several customer projects and new product ideas that we’ve comeupwithourselves”.

The expansion is expected to be completedbytheendoftheyear.

Source: Baking Business

Imagesource: Killer Browne By: InnovationEditor–North America

USA: MONDELEZ EXPANDS CHIPS AHOY! BRAND INTO GLUTEN FREE

Consumer goods major Mondelez International has announced the first ever expansion of the market leading Nabisco Chips Ahoy! chocolate chip cookie brand into the freefrom arena with the launch of Chips Ahoy! GlutenFree.

Described as being one of the first products to emerge from the company’s recently-opened R&D innovation centre, Chips Ahoy! Gluten Free is said to be the result of years of testing and trial of different recipes.

Commenting on the launch, Chips Ahoy! Innovation Brand Manager Jainette Quinones said: “When we set out to create our first Chips Ahoy! Gluten Free cookie, we didn’t want it to be a good gluten free cookie, we wanted it to be a great cookie that’s also gluten free. I am proud to say that our innovation team has succeeded –the new Chips Ahoy! Gluten Free cookie is an absolutely delicious cookie that everyone can enjoy”.

The new launch is available to US consumers starting this month.

Source: MondelezInternational (via PR Newswire)

Imagesource: Mondelez International

By: InnovationEditor –North America

NETHERLANDS: LIPTON TEAS AND INFUSIONS PARTNERS WITH BROWNS

Netherlands-based Lipton Teas and Infusions, the tea business divestedbyUnileverformerlyknown as Ekaterra, and Sri Lankan conglomerate Browns have agreed a newpartnershipthatwillreportedlymakethelattertheworld’sleadingteaproducer.

The long-term agreement will see Lipton Teas and Infusions

cede control of its tea estates in Kenya, Rwanda and Tanzania, with a stipulation that tea will be grown and harvested to new quality, social and environmental standards.

Commenting on the deal, Lipton Teas and Infusions CEO Nathalie Roos said: “Browns is the preferred partner with credibility, capabilities and scale, to work with us to raise standards in the whole tea industry. The team’s commitment to sustainability and community development aligns with our own. Together, we are setting a new precedent for transforming the global tea market – one cup at a time”.

Browns executive director Kamantha Amarasekera added: “We look forward to working hand-in-hand with Lipton Teas and Infusions and local partners to foster a sustainable, responsible, and prosperous future for all. This partnership marks a significant step towards elevating the-industry as a whole, while also ensuring a positive impact on the livelihoods of the communities we serve”.

Terms of the transaction were not disclosed.

Source: Browns

Imagesource: LiptonTeas and Infusions /Browns (montage) By: InnovationEditor –Europe

INDUSTRY INSIGHT

What major trends do you expect to shape food and drinks innovation in 2024 and beyond?

There is an awakening coming. Historically it's been tough for the consumer to discern what a healthy diet is: it's hard to decipher the myriad of misleading marketing campaigns (from dairy and meat companies in particular), however the public consciousness is evolving. There is a lot of noise: purportedly 'gut-healthy' products that really aren't, misinformation about 'ultra-processed food' etc. The future will be driven by truly gut-friendly, plant based product development. In the meantime, evolution in diet is gradual for many: at our one stop shop Alternative Stores we are offering a broad range of ethically sourced plant based products –including great-tasting variations on animal products.

How do you see the future of the plant-based space in particular, and how is VBites evolving to meet changing consumer demand?

Innovation needs to centre on true nutrition. That means ethically sourced, plant based proteins and products. It also means an education on what inflames the gut and what doesn't: millions suffer in silence and have no idea why. Very few people in

Gama spoke

to Heather Mills, Founder, VBites HEATHER MILLS

" It's hard to decipher the myriad of misleading marketing campaigns, however the public consciousness is evolving "

the industry have a true understanding of gut inflammation, acid reflux and the causes behind everyday digestive ailments. I suffered with Lyme disease and immersed myself into this work as a consequence. We're committed to offering truly gut-friendly solutions to these issues which will be available via our new No Bloat gut-friendly range that will be sold from January. Omega 3 from algae rather than fish will be the future in oil and plant protein, and we have been the innovators behind-the -scenes on that for years.

What are the keys to succeeding as a brand in a sometimes crowded meat and dairy alternative category?

Firstly, patience and surviving the pushback and working with people

that are trying to make a difference in the world, not just thinking of their pockets. Secondly, tasting good: 90% of plant-based products taste horrific, which gives our industry a bad name and hinders the flexitarian movement. Many brands have jumped on the bandwagon with little to no uniqueness or innovation in order to try and make a buck, and the clutter distracts and dilutes the potential impact of the few truly exceptional brands in the space.

" Many brands have little innovation: clutter distracts and dilutes the potential impact of the few truly exceptional brands in the space "

Dessert Holdings, a portfolio company of Bain Capital, has announced the acquisition of cream-based pies Kenny’s Great Pies from private equity firm Kaho Partners.

Founded in 1931, Kenny’s Great Pies is described as a producer of cream-based pies andfillings specialising in key lime pie and flavours including mango, coconut cream, peanut butter and chocolate silk.

Commenting on the move, Dessert Holdings chief executive officer Paul Lapadat said: “Kenny’s clean label, flavorful pies are complementary to our portfolio of premium desserts. Kenny’s has established a distinctive market position, fostering a number of longstanding relationships with leading foodservice and retail operators, and major clubs in North America, earning a loyal consumer following”.

Kenny’s Great Pies chief executive officer Gary Muter added: “We are excited to become a part of a leading premium desserts platform in North America, and we believe Dessert Holdings’ experience and complementary product portfolio provides specialist expertise to help us accelerate our growth”.

Financial terms of the deal were not disclosed.

Source: Kaho Partners (via PR Newswire)

Imagesource: Dessert Holdings By: InnovationEditor –North America

USA: NEXT IN NATURAL ACQUIRES BOTANICAL DRINKS BRAND SOUND

natural food and drink brands, has announced the acquisition of Sound Brands, a maker of sparkling botanical drinks.

Sound Brands is described as a producer of sparkling water made with organic tea, botanicals, and fruit extracts. The company’s products are claimed to be free from sugar, sweeteners, and artificial flavours andpreservatives.

Commenting on the deal, Sound Brands co-founder Tommy Kelly said: “The better-foryou beverage category continues to grow strong, and Sound is well positioned to capitalize on this surging segment with its unique offering that eliminates the use of ‘natural flavors,’ alternative sweeteners and added sugar. Sound’s use of organic tea and other botanicals like hibiscus and ginger, provide refreshing, crisp and complex flavors in addition to clean energy and antioxidants to support a healthy lifestyle”.

Source: NextInNatural(via PR Newswire) /Food Business News

Imagesource: Next InNatural By: InnovationEditor –North America

factory in Brigg that manufactures its premium Pipers brand of crisps.

In a press release, PepsiCo said the investment would enable the firm to meet growing demand by boosting production capacity by 80%.

The company said it would add more efficient fryers, install two new packaging machines and upgrade facilities. The investment will also be used to explore export opportunities, mainly to the Middle East, China and Japan.

Commenting on the move, Mirjam Fogarty, head of operations at Pipers Crisps. said: “Pipers is a much-loved brand with a rich heritage, and we’re delighted to be making this investment at such an exciting stage in our journey. From small independent pubs, cafes and farm shops, to working with some of the UK’s biggest wholesalers and hospitality operators, the funding will help us bring our delicious crisps to more people, wherever they are, and expand our brand internationally”.

Source/imagesource: PepsiCo By: InnovationEditor –Europe

Next In Natural, a private equity company focused on scaling

FMCG multinational PepsiCo has announced that the company is investing £8 million ($10 million) to upgrade a UK

INSIGHT BY GAMA COMPASS

HONEY GETTING A BOOST FROM ‘REAL’ AND ‘BETTER-FOR-YOU’ LAUNCHES

Honey is hitting a sweet spot, the latest Insight by Gama Compass can reveal, with an increasing number of food and drink brands choosing to make honey the centrepiece of their innovation and branding efforts, as well as including it as a key ingredient within product formulations.

Mentioned nearly 50% more often in new product launches recorded on Gama Compass since 2023 than in 2021 / 22, honey is undoubtedly having a moment, underscoring a central trend within the food and drink industry for ‘natural’, ‘real’ and ‘ancient’ ingredients, especially those with supposed therapeutic

properties. The rise of honey also underlines consumers’ increasing aversion to table sugar, viewed by many as being overly processed or artificial and thus especially bad for health (even if, at a basic nutritional level, honey is in fact more calorific than sugar on a gram per gram basis).

" Honey's popularity underscores the trend for 'natural’, ‘real’ and ‘ancient’ ingredients with supposed therapeutic properties "

Honey is not alone in benefitting from consumers’ shunning of sugar; especially since 2017/18, a select few ‘natural’ sweeteners have started to emerge to challenge sugar’s dominance (and for that matter conventional artificial sweeteners such as aspartame, acesulfame potassium and sucralose too). Chief among these has been stevia, which, like honey, has enjoyed renewed popularity since 2023 following an initial wave of interest in 2019 / 20: as an ingredient, stevia increased from 4.1% of food and drink launches in 2021 / 22 to 4.8% in 2023 / 24. Honey and stevia both place well ahead of their nextnearest natural sweetener ‘rivals’, in particular monkfruit and agave, which have been used in just 1.4% and 1.3%of food and drink launches respectivelyin 2023 /24.

Interestingly, the gap that exists between stevia and honey as ingredients is not matched in branding terms: honey has actually nudged slightly ahead of stevia in this respect, mentioned on 3.9% of launches in 2024 versus stevia’s 3.3%. This shows the added resonance and recognition that honey boasts, with launches that use honey as a star ingredient (or flavour) able to follow through with distinctive ‘bee’, ‘honeycomb’ or ‘hive’ branding. Launches containing stevia, by contrast, are more typically advertised for the benefits that the sweetener providers (especially claims such as “low sugar” or “low calorie”): stevia serves primarily as a vector for these benefits, rather than being the ‘star of the show’ initsown right.

Among a range of new launches that demonstrate honey’s myriad attributes is Beekeeper Cold Brew Coffee from the US, advertising its use of “pure” honey with golden ‘bee’ imagery and lettering, on a background of black and grey stripes. Meanwhile the Mielizia range of supplements in Italy also makes honey the star act, highlighting its use of “fresh honey and royal jelly” sourced “from [our] beekeeping partners" in the local area. These launches also demonstrate three other key planks of positioning for launches referencing honey: since 2013 such launches have been 40% more likely than average to make a “pure” claim, 14% more likely to make a “locally sourced” claim, and 16% more likely to make a “natural”claim.

Alongside honey, another natural sweetener that appears to be on the up is agave, which has become more favoured as an ingredient

since 2019/20, and, if current trends continue, could be on course to overtake monkfruit by next year. Launches embracing the sweetening power of agave over sugar are typically those of the ‘natural’, ‘organic’ and ‘healthy’ variety, such as Uncle Matt’s Organics Brewed Black Tea, promoted as organic craft brewed tea sweetened with a combination of stevia and agave. Meanwhile, the health-oriented Health-Ade SunSipSoda With Benefits is "made with a variety of fruit juice concentrates, vitamins,minerals and prebiotics, and sweetened with agave and cane sugar, to deliver35 caloriesorless[percan]”.

The rise of both honey and agave as natural sweeteners hints at something tantalising about consumer attitudes to sugar: if a sweetener is deemed to be natural and also lessprocessed,theyare willing to accept, as a trade-off, product formulations that are not

wholly sugar-free. This is supported by patterns in product claims relating to sugar and sweeteners over the last ten years: out of all such claims (“low sugar”, “no sugar”, “no added sugar”), the one that has shown the most consistent upward trajectory is “no added sugar”, more than tripling in popularity

" If a sweetener is deemed to be natural, consumers will accept, as a trade-off, formulations that are not wholly sugar-free "
Honeyprovidesanopportunityforeye-catching'bee','hive'and'honeycomb'branding

INSIGHT BY GAMA COMPASS

HONEY GETTING A BOOST FROM ‘REAL’ AND ‘BETTER-FOR-YOU’ LAUNCHES

Honey'sreputationasatraditionalremedyallowsbrandsto piggybackonthe'foodasmedicine'trend

from 3.7% to 12.2% over the period. This stands in honey’s favour as a sweetener that is perceived as “natural” and relatively “healthy” despite still ultimately being a form of sugar: for instance, Farmley in India recently introduced a range of fruit snacks which were promoted “a guilt-free indulgence” (since they were free from added sugar) despite containing honey as a primaryingredient.

Calorie and sugar content notwithstanding, the principle divide in application between honey and other ‘natural’ sweeteners is in its application: so while honey is 50% more likely to be used in food than drinks, stevia is more than three times more likely to be used in drinks than in food, monkfruit twice as likely, and agave 50% more likely. This difference is reflected in food launches that are able to incorporate whole pieces

of honey as identifiable ingredients, not just as a sweetener: Kez’s Kitchen Honey Joys, for example, are sweet snacks that “buzz with the flavour of honey" and contain visible honey pieces. Such launches may also help explain why claims such as “real” and “no artificial flavours” are notably more prevalent on launches touting honey than launches as a whole.

Another string to honey’s bow is its reputation as a traditional remedy, allowing brands to capitalise on growing demand for ‘wild’, ‘ancient’ and natural ingredients and piggyback on the ‘food as medicine’ trend. Rbel Bee Honey Gummies in the US, for instance, assert that "honey is known for its antibacterial, anti-viral and antiinflammatory properties while rich in antioxidants” while Rio Honey Water from Saudi Arabia is described as a “healthy and refresh-

" The principle divide between honey and other ‘natural’ sweeteners is application: honey is more likely to be used in food, stevia in drinks "

ing blend” that can boost immunityand improve digestion.

Honey’s new-found success is testament to the value consumers place on the‘real’ and ‘recognisable’ when it comes to ingredients with natural positioning, as well as qualities such as taste and functionality. Even if cost may be a limiting factor for some brands – as well as the fact that honey is not vegan (although plant-based honey analogues are also starting to appear on the market), honey’s unique attributes would suggest a continued starring role in a wide range of food and drinkproductsisallbutguaranteed.

Source:GamaCompass Imagesource: CoffeeConcepts / Rio Food/EatYourGreens/Conapi

Formoreinformationabout GamaCompass,pleasecontactusat info@gamaconsumer.com

UK: VECTOR CONSUMER BUYS DOSE & CO

UK-based consumer healthcare firm Vector Consumer has announced it is strengthening in the supplement space with the acquisition of Dose & Co from brand developerZuru Edge.

Founded in New Zealand in 2019, Dose & Co. has a portfolio that includes Pure Collagen Peptides powder, Beauty Collagen, Marine Collagen Peptides powder,and collagencreamer. The deal follows Vector Consumer’s purchase of the Pura Collagenbrand last month.

Commenting on the move, Zuru Edge Wellness division general manager Paige Harris said: “We are excited by Vector Consumer’s shared dedication to unwavering quality and their proven track record of innovating within the Wellness catego-

MANUFACTURE & DISTRIBUTION

IN BRIEF

ry. Handing over the reins to Vector not only enables the continuation of Dose & Co’s mission but also undoubtedly marks a new era of innovation and expansion.”

Vector Consumer managing director Matt Banks added: “The brand has a very small retail and online presence in Asia, but we know that it has a global following, so this is a great opportunity for us to take our learnings from the current Vector’s brands successes in Asia, including SOLV in Guardian Singapore and Liverpool FC (LFC) Nutrition selling in China, and use this as a platform for Dose & Coto sell acrossAsia”.

Financialtermswerenotdisclosed.

Source: Vector Consumer (via PR Newswire)

Imagesource: Vector Consumer /Dose & Co (montage)

By: InnovationEditor –Europe

FRANCE: MCCAIN TO INVEST $378 MILLION IN POTATO OPERATIONS

Schwan’s, a leading US based food company and CJ Foods subsidiary, has announced it has purchased a 142-acre site in Sioux Falls, SD to accommodate its new facility for the production of Korean-style foods under the Bibigo brand. The new plant is set to manufacture a variety of Asianinspired dishes, accompaniments, canapes, and starters. Source:Schwan's

Leading Brazilian honey producer Baldoni has announced it is investing R$5 million ($923,000) in a plant to manufacture jams and

Potato and frozen food specialist McCain has announced an investment of €350 million ($378 million) to bolster its productionfacilities inFrance.

The investment is set to increase production in the country from 600,000 tonnes of finished products to roughly 750,000 tonnes. The company’s Harnes site is set to receive the bulk of the funds, but €30 million ($33.3 million) is also earmarked for the Bethune site’s new potato specialities production line, while €25 million ($27.5 million) will go towards replacing the fryer and introducing coating technology at the Matougues plant.

Commenting on the investment, McCain Continental Europe regional president Alain Duranleau said: “This reflects both the group’s dynamism and the importance it attaches to France. By equipping our sites with state-of-the-art facilities to boost our production capacity and serve sustainabil-

preserves as it looks to diversify beyond its core category. According to sources, the new plant will be located in Itatiba (Sao Paulo) and will have an initial production capacity of 500,000 jars per month. Source:GloboRural

Ruiz Foods, a Mexican food firm, has announced plans to close its manufacturing plant in Tulare, California. The affected factory commenced operations in 2004 and was initially planned as a short-term supplementary capacity solution. In a statement, Ruiz Foods said the facility was too small and would need significant capital investment to meet manufacturing requirements.

Source:RuizFoods

ity, we are reaffirming our commitment and the importance we attachtoFranceanditsregions”.

McCain has a 1,000-strong workforce inFrance, inaddition to collaboratingwithover800farmers.

Source: McCain/Just Food

Imagesource: McCain By: InnovationEditor –Europe

CANADA: BIMBO TO CLOSE BAKERY PLANT IN QUEBEC

Bimbo Canada, a subsidiary of Mexican bakery giant Grupo Bimbo, has announced plans to shutter its manufacturing plant inLevis, Quebecprovince.

The decision comes against a decline in production and strategic efforts to improve efficiency, increase capacity utilization and reduce overall costs, the companysaidinastatement.

Bimbo’s portfolio in Canada includes brands such as Dempster’s, Stonemill, Villaggio, Natural Bakery, POM, Vachon, Little Bites and Takis.

Commenting on the move, Bimbo Canada president Marie -Eve Royer said: “Since 2014, the company has invested more than $500M in Canada, with $160M of that in Quebec. While we have made every effort to sustain and build the business, over time, site utilization and production have steadily declined”.

“It was a tough decision to close this bakery and I will personally ensure that we do everything possible to ease

the impact on our people”, she added.

The plant, which has a headcount of approximately 95, is expected to cease operation at the start ofJuly.

Source/imagesource:Grupo Bimbo By: InnovationEditor –North America

USA: OUR HOME ACQUIRES SONOMA CREAMERY

Our Home, a US-based snack company, has announced the acquisition of Sonoma Creamery, a cheese snack maker basedinCalifornia.

Founded in 1931, Sonoma Creamery has a portfolio that includes Cheese Crisps and Cheese O’s, both of which are described as gluten-free and highinprotein.

As a result of the acquisition, Our Home will add a production facility and warehouse in Sonoma, expanding its network of manufacturing facilities to eight. The company’s existing portfolio includes brands like Food Should Taste Good, Popchips, Real Food From The Ground Up, You Need This, RW Garcia and Good Health.

Commenting on the move, Our Home founder and chief executive officer Aaron Greenwald

said: “This acquisition expands Our Home into the cheese snack category. Reinforcing our position as a leading independent better-for-you snacking platform. Sonoma has a 90+ year history in the cheese business and its quality of products and manufacturing process delivers the best tasting and most premium cheese snack onthe market”.

Source: Our Home (viaPR Newswire)

Imagesource: Our Home By: InnovationEditor –North America

MALAYSIA: FRASER & NEAVE TO BUILD DAIRY PLANT IN CAMBODIA

Fraser and Neave, the Singapore-based brewing firm, has announced plans to invest 179.5 million MYR ($37.5 million) to build a dairy plant in Cambodia, with a focus on canned milk production.

In a statement, the firm said it intended to lease 32,200 sq m of land, build the facility, and procure machinery for the production of sweetened beverage creamer. The “strategic move” aligns with the organic evolution of the business, propelled by successful exports to Cambodia, itadded.

Commenting on the investment, F&NHB chief executive officer Lim Yew Hoe said: “By localising operations in Cambodia, we aim to enhance our supply chain stability while also contributing to the local com-

TRADESHOW INSIGHT

A record 800 exhibitors and 14,500 exhibitors packed the halls and corridors of the Messe Dortmund showgrounds in Germany across three days from 19th September, as Inter Tabac, the leading international trade event for the tobacco and nicotine industry, returned for its latest outing.

INTERTABAC 2024

Dortmund, Germany

Further evidencing the central role that novel oral nicotine now plays within the wider tobacco and nicotine landscape were the inaugural PouchXchange networking event and the first ever edition of the InterTabac World Alternative Awards.

Hemp / cannabis had a more noticeable presence at this year’s InterTabac too: the second edition of the CB Expo was held in closer proximity to the main show, attributed in part to growing interest in cannabidiol in Europe following recent and expected regulatory change.

Belying overall downward trends in conventional tobacco use, InterTabac embraced diversity with a greater range of product categories than ever before welcomed on to the show floor. Alongside 180 exhibitors of e-cigarettes were many others promoting reduced risk products, especially nicotine pouches and other novel oral nicotine products, while nicotine -free products (such as energy supplements) continued their strong showing from last year. In total, three halls accommodated e-cigarettes, while a further two were dedicated to heated tobacco, novel oral nicotine and related products.

Meanwhile, highlighting the international profile of the event, over half of Inter Tabac’s visitors came from outside Germany, especially from North and South America.

Out on the show floor, novel oral nicotine and nicotine substitutes were evident as the primary fo-

cus of innovation, demonstrating a desire by companies to stand out in an increasingly lucrative yet competitive category. One company was touting a “pouchless” pod addressing theissue of nicotine pouch waste, while others were innovating with film and chewing gum formats and alternatives to conventional cellulose filler. Elsewhere, innovations of note included “beautifying” functional pouches, flavour roll-ons for heated tobacco sticks, “smokeless” vapes, and a heated tobacco device compatible with conventional cigarettes

The next edition of Inter Tabac starts on 18th September 2025.

Image source: Gama

Gama with Sabine Loos, Managing Director of Westfalenhallen Unternehmensgruppe
Innovation at InterTabac included Emplicure's bioceramic nicotine pouch filler
Gama with Steven Xin Du, Chairman, and Tommy Zhaodong, Vice President, Wonz Technology

munity through job creation. This expansion reflects our commitment towards sustainable growth and fostering positive socio-economic impact in the regions in which we operate”.

The plant is projected to be operational in the first quarter of 2026.

Source: Fraser& Neave /Just Food

Imagesource: Fraser& Neave By: InnovationEditor–Asia Pacific

USA: BARNEY & CO INVESTS IN SECOND MANUFACTURING FACILITY

Barney & Co, the number two almond butter producer in the US, has announced it has invested in a second manufacturing plant in Fresno, California, as part of a plan to diversify its product line, starting with peanut butter.

The new manufacturing site claimed to feature cuttingedge equipment and strict quality controls to ensure a consistently smooth texture and product homogeneity.

Commenting on the move, Barney & Co CEO Dawn Kelley said: “We’re excited to take our expertise and innovation beyond almond butter and venture into the broader nut butter category. Our goal has always been to provide consumers with the highest quality nut butters but only if we can maintain our peanut-free promise for our almond butters, and this expansion allows us to bring that same

level of excellence to peanut butter and other varieties”.

The firm’s new peanut butter will be retailed across the US from this month at an RRP of $5.99.

Source: Barney & Co (viaPR Newswire)

Imagesource: Barney & Co

By: InnovationEditor –North America

USA: PANOS BRANDS ACQUIRES THE SANTA BARBARA SMOKEHOUSE

PanosBrands,aproducerofbranded consumer foods, has announcedtheacquisitionofsmoked salmonproducerTheSantaBarbaraSmokehouse(SBS).

Founded in 2004, SBS markets products under the Cambridge House and Coastal Harbor for both the food service and retail channels.

The deal follows Panos Brands’ purchase of salad dressing firm Tessemae’sinJanuary 2024.

Commenting on the acquisition, Panos Brands CEO Darcy Zbinovec said: “SBS products are differentiated in the marketplace. The portfolio is aligned withconsumer trends, including the demand for super-premium quality, and the continued interest in better-for-you foods like smoked salmon that are rich in protein and omega-3. We are

excited to partner with Customers to expand availability of this distinctive smoked salmon across foodservice and retail channels”.

SBS founder and managing director Tim Brown added: “Having built The Santa Barbara Smokehouse with a singular focus on producing the highest quality smoked salmon, I’m excited for PANOS to expand the reach of these products to fuel consumer interest in high quality smoked salmon”.

Terms of the transaction were not disclosed.

Source: Panos Brands / SeaFoodSource

Imagesource: Panos Brands

By: InnovationEditor –North America

USA: LAND O’FROST TO CEASE OPERATIONS AT ILLINOIS FACILITY

Land O’Frost, the US manufacturer of ready-to-eat processed meats, has announced plans to close its manufacturing plant located in the Pullman neighbourhoodof Chicago (IL).

The company, which caters to both retail and food service channels, produces deli sliced packagedlunchmeats,hotdogs, sausages, bacon, and spiral ham under brands such as Bistro FavoritesandDeliShaved.

In a notification released to the state of Illinois, Land O’Frost said: “After careful consideration, we have made the decision to transition our portfolio

Retail Roundup

PORTUGAL

LES MOUSQUETAIRES TO EXPAND STORE NETWORK

Les Mousquetaires, the French retail company that operates the Intermarche, Bricomarche and Netto banners, has announcedaninvestmentof€100million($109million)toestablish80newstoresinPortugalwithinthenextfiveyears.

The focus of the strategy will reportedly be smaller and medium-sized Intermarche stores ranging in size from 1,000 to 2,500sqmt.Thecompanyplanstolaunchroughly15newstoreseachyear,investingbetween€17million($18.53million) and€20million($21.8million)annually,withtheaimofboostingturnoverbyaround40%overthenextfiveyears.

According to Jornal Economico, the group has recently introduced a new store format for its Intermarche brand in Faro, and subsequently plans to roll out the concept to other new stores.

TheexpansionwillgrowtheLesMousquetairesnetworkinPortugalto362stores,267undertheIntermarchebrand.

Source:ESM/JornalEconomico Imagesource:LesMousquetaires

DENMARK SALLING GROUP ACQUIRES 35 STORES FROM COOP DENMARK

Salling Group, Denmark’s largest grocery chain, has announced the acquisition of 35 stores from Coop Denmark. In a press release, the company said the deal included 25 365discount stores, as well as three and five under the Kvickly and SuperBrugsen banners respectively.

Anders Hagh, CEO of Salling Group, said: “We are proud of the purchase, which gives us the opportunity to reach even more Danes inareas andataddresseswherewedonothave astrongpresencetoday.The deal isonlypossiblebecause ofthecompany’shealthyfinancialpositionthatallowsustoseizeopportunitiesinthemarketastheyarise.”

Depending on the outcome of a review by Danish competition authorities, the Coop stores will be rebranded to either Fotex or Netto.

Source:SallingGroup Imagesource:SallingGroup/CoopDenmark(montage)

CVS Pharmacy, the retail division of the health solutions company CVS Health, has announced the launch of Well Market, a private label brand of snacks, beverages, and other groceries focused on “wellness”.

The line includes a selection of nutrition options which claims to cater to different consumer dietary needs, from gluten-free to vegan and keto. Among the items, the company claims to offer a first-to-market line of flavour infused sprouted almonds.

Commenting on the launch, CVS Health chief merchandising officer Musab Balbale said: “Our goal at CVS Health is to be the most consumer-centric health care solutions company. Through this repositioning and expansion of our food and beverage portfolio, we are doing more by providing new nutritious options our customers crave”.

Priced at between $2.99 and $8.99, the 40 strong line is available on shelves at 9,000 stores across the USA.

Source/imagesource:CVSPharmacy

of products currently produced at the Pullman facility to other locations within our manufacturing network. Unfortunately, this move entails the gradual elimination of all Land O’Frost positions at the Pullman site throughout this year”.

The closure will affect approximately 215positions.

Source: FoodBusiness News / Swineweb

Imagesource: Land O'Frost By: InnovationEditor–North America

USA: LANCASTER COLONY SHELVES FLATOUT, ANGELIC BAKEHOUSE BRANDS

Lancaster Colony, a manufacturer and marketer of specialty food products, has announced it is ceasing production of baked goods under its Flatout and Angelic Bakehouse brands, including the closure of facilities in Saline(MI)andCudahy(WI).

The company acquired Angelic Bakehouse in 2016, and Flatout in2015.

In a statement, the firm said the decision was part of its plans to focus toward the continued growth of its retail licensing program, its foodservice business and its core retail brands, particularly New York Bakery, Sister Schubert’s and Marzetti.

Commenting on the decision, Lancaster Colony president and chief executive officer David A Ciesinski said: “Following a review of our product portfolio, we made the difficult decision to exit our perimeter-of-thestore bakery product lines, specifically our Flatout and Angelic Bakehouse brands, which were not significant contributors to our overall financial results”.

“Unfortunately, due to a lack of scale and direct-to-store distribution capabilities, we were not able to achieve the desired operational or financial performance for these product lines” he added. “Production at both the Flatout and Angelic Bakehouse facilities ended on March 12, 2024”.

Source/imagesource: Lancaster Colony By: InnovationEditor –North America

USA: PASTURE BRANDS ACQUIRES PILLARS YOGURT

Pasture Brands, a portfolio company of Benford Capital Partners created in 2021 to buy Farmers Hen House Group and other natural, fresh and refrigerated food and drinks firms, has announced the acquisition of Pillars Yogurt, a drinkable Greekyogurt company.

Founded in 2016, Pillars Yogurt is described as a betterfor-you, clean-label brand with a portfolio of single and multi serve yoghurts, as well as plant-based yoghurt alternatives. Pillars Yogurt products are claimed to have sig-

nificantly lower sugar and higher protein than other options and also contain pre and probiotics for improved gut health.

Commenting on the move, Farmers Hen House CEO Ryan Miller said: “We’re very impressed with the business Eric [Pillars Yogurt founder Eric Bonin] has built; Pillars’ delicious, clean label products with low sugar and high protein content clearly resonate with consumers. Combining Pillars and Farmers Hen House under the Pasture Brands umbrella will yield near-term growth opportunities as we become more important to our growing customer base”.

Mr Bonin added: “I was looking for a strategic partner to help accelerate the growth of the brand and take Pillars to the next level. Partnering with BCP and Farmers Hen House will allow Pillars to better serve our long-term, existing retail partners and to expand distribution to reach even more consumers”.

Source/imagesource:

Benford Capital Partners By: InnovationEditor –North America

CANADA: KRAFT HEINZ LAUNCHES UPSCALE SALAD DRESSING BRAND

Multinational FMCG firm Kraft Heinz has announced the launch of “premium” shelf-stable, premium dressings and marinades brand Pure J.L. Kraft exclusively fortheCanadianmarket.

Describedasbeingfreefromartificial preservatives, flavours and colours, the brand will comprise 12 products, including blends such as Pomegranate Zaatar, Honey & Shallots, Miso Lime Ginger, Moroccan Lemon, Orange Turmeric Poppyseed and Black Garlic&CrackedPepper.

Commenting on the launch, Kraft Heinz Canada head of taste elevation platform marketing & strategy Stephanie Goyette said: “With Pure J.L. KRAFT, we’ve created products that use simple ingredients and taste like they are homemade but offer people the bold, globally-inspired flavours they are craving and convenience they are looking for in thegroceryaisle”.

“There are endless ways to integrate our flavours into at-home recipes–fromdressingasalad,to topping a grain bowl, or marinading proteins and vegetables”, sheadded.“WithPureJ.L.KRAFT, we’re reminding people that just becausesomethingismadewith simple ingredients does not meanitneedstobeboring”.

Source/imagesource: Kraft

USA: CAMPBELL SOUP CLOSES PLANT, PLANS SUPPLY CHAIN INVESTMENTS

US based food and beverage manufacturer Campbell Soup Company has announced an “optimisation plan to fuel growth” that includes the closure of a manufacturing plant in Oregon and supply chain investments elsewhere.

In a press release, the company said the plan would enable improved return on capital, enhanced effectiveness and efficiency of both its manufacturing and distribution networks.

Commenting on the move, Dan Poland, Campbell’s chief supply chain officer said: “To fuel growth and transform our manufacturing anddistributionnetwork,wemust invest and further strengthen our supply chain. By leveraging our best-in-class in-house capabilities combined with the expertise of trusted manufacturing partners, wewillcontinuetomakethehighest quality products, with a more agile, flexible, and cost-effective manufacturingnetwork”.

The plant earmarked for closure is located in Tualatin, OR which produces organic soup, broth and plant-based drinks under the Pacific brand. It is planned to cease operating in phases, with the final closure expected by July 2026.

The company said it expects to invest around $230 million over the next three years to make the stated improvements.

Source/imagesource: Campbell Soup By: InnovationEditor –North America

ITALY: SABELLI ACQUIRES STELLA BIANCA CHEESE BRAND FROM MILA

Sabelli, a leading Italian manufacturer of fresh cheeses based in the Marche region, has announced a binding agreement to acquire local cheesemaker Stella Bianca from the Latte Montagna Alto Adige (Mila) dairy cooperative.

Founded in 1978, Stella Bianca has an annual turnover of €51 million ($55 million) and a 185strong workforce. It produces a range of spreadable cheeses made of 100% Italian milk, including anorganicline.

A spokesperson for Sabelli said the deal would boost the company’s annual turnover to more than €320 million ($346 million).

Commenting on the agreement, Sabelli Co-CEO Davide Galeati said: “[This acquisition] opens up an opportunity to gain space in an adjacent category, cementing the brand as a freshcheese specialist”.

The transaction is expected to be finalised by June.

Source: Distribuzione Moderna

Imagesource: Sabelli By: InnovationEditor –Europe

INNOVATION INSIGHT OUEGG EGG CHIPS SPAIN

This month’s Innovation Insight lifts the lid on the continued evolution of high-protein snacks, as we take a look at a launch extolling the virtues of eggs as a hero health ingredient – Ouegg Egg Chips.

New to the market in Spain from Patatas Fritas Torres, and advertised as “the egg revolution”, Ouegg Egg Chips are light circular snacks that ape traditional crisps, despite using “carefully selected 100% cage free eggs” as their sole ingredients. According to the company, an “innovative technology” allows the nutritional values of the eggs to be preserved even once transformed into a ready-to-eat snack. The resulting product, which comes in plain, pickle, Iberian ham and truffle varieties, is advertised not only as being almost 50% protein, but also as being free from gluten, low in carbohydrates, and high in nutrients such as calcium, iron and vitamin D, ticking a number of ‘clean eating’ boxes.

While apparently unique in the snacks space in giving eggs a starring role, Ouegg Egg Chips

" Ouegg fits Into a trend for ‘light’ high protein snacks that spotlight meat and dairy ingredients "

nonetheless fit into a wider trend for ‘light’ high protein snacks that spotlight meat and dairy ingredients, even as, in parallel, plantbased formulations often set in the agenda. Also in Spain, for instance, Campofrio has recently launched Snack'in For You Air Meats, a novel take on meat snacks that blends nut and rice flour with cured ham and diced chorizo, slowly baked to create a distinctive crunchy yet ‘aerated’ texture.

In the UK meanwhile, Eatlean Protein Cheese Bar repositions cheese as a sports supplement: made only from cow’s milk and salt, the product is said to feature a unique recipe which has 70% less fat and 35% more protein than full fat cheddar. This novel reimagining of meat and dairy bears witness to the central role that protein-rich launches now play within the snack space, with one in three new snack introductions making a ‘high protein’ claim this year, according to Gama Compass data, up from fewer than one in ten in 2015.

Novel reimagining of eggs isn’t restricted to snacks alone: one of the more recent developments in the wider food industry is the emergence of eggs, and more specifically egg white, as a replacement for flour and dairy ingredients. Campo Mundo Healthy in Spain, for instance, has recently launched egg white alternatives to both desserts and milk drinks under the Wovo brand, offering a fat free but high protein alternative to traditional dairy products.

" One in three new snacks made a 'high protein' claim in 2024 "

The resurgence of the ‘protein as fuel’ trend since 2023 provides a fresh opportunity for meat, dairy and eggs to carve out new roles within the snacking space. Innovative technology such as that displayed by Ouegg is likely to be key to unlocking this full potential, especially to meet consumer demand for protein-rich, low carbohydrate products that are as light and satisfying to eat as conventional savoury snacks.

Image source: Patatas Fritas Torres

USA: WEAVER POPCORN TO UPGRADE INDIANA PLANT

Weaver Popcorn, a leading US popcorn producer, has announced an investment of $22 million to upgrade its manufacturing plant inVanBuren(IN).

Founded in 1928, Weaver Holdings is described as the leading independent popcorn producer in the United States, offering popping corn, microwave popcorn, and ready-to-eat popcorn under the Pop Weaverbrand.

The investment will reportedly facilitate the addition of new food processing technology, innovative packaging lines and newproductionlines.

NEW PRODUCT LAUNCHES

IN BRIEF

Commenting on the move, Weaver Popcorn Manufacturing chief operating officer Tim Ingle said: “As the gold standard in the snacking industry, we are thrilled to further invest right here in Indiana, where we have the opportunity to grow for the nextgenerationofsuccess”.

The investment will reportedly generate around 45 newjobs.

Source: FoodBusiness News

Imagesource: Weaver Popcorn

By: InnovationEditor –North America

FRANCE: ESSITY INVESTS IN R&D CENTRE

Swedish hygiene and health firm Essity has announced that it is investing in a new research and development centre in France’s Alsace region.

European dairy company Arla has teamed up with international coffee chain Starbucks to launch Starbucks Protein Drink with Coffee, a new health-oriented drinking touting 20g of protein per 330g bottle. Available in Chocolate Mocha, Caffe Latte and Caramel Hazelnut versions, the drink will launch with an RRP of £2.75 ($3.50).Source:TheGrocer/DairyNews

Global snacking and confectionery giant Mondelez International has announced it has partnered with Lotus Bakeries to expand its

In a press release, the company said the state-of-the-art centre will focus on tissue products in order to meet evolving demand of branded tissue in both the Consumer and Professional Hygiene markets.

Commenting on the decision, Magnus Groth, President and CEO of Essity, said: “Essity’s research and development is reshaping paper making to contribute to a more sustainable and circular society, while improving people’s hygiene and health.The newglobalR&Dcentre in France, will enable us to continue to develop innovative new paper hygiene products and solutions that meet the needs and high expectations of customersandconsumers”.

The firm currently operates another R&D centre in Kunheim, France, which has filed 25 patents in recent years, including for innovations such as the Lotus Aqua Tube flushable toilet roll core. The new centre will be located near the current facility, aiming to create a larger and more efficient operation.

Besides France, the company owns R&D centres in Mexico,

presence in India and to develop new chocolate products. The company said the joint venture would allow it to manufacture, distribute and market Lotus cookies in India, as well as create new co-branded chocolate products. Source: MondelezInternational

Global snacks giant PepsiCo has announced it is diversifying its Monster Munch and Wotsits brands with three new products made from chickpeas instead of corn. Claimed to contain fewer than 100 calories and to be 25% lower in salt than the typical extruded product, the range comprises Wotsits Cheese Toastie, Wotsits Crispy Bacon and Monster Munch BBQ Sauce. Source: PepsiCo

Sweden, Germany and the USA. Essity said it had invested 1.7 billion SEK ($158 million) in research anddevelopmentin2023.

Source/imagesource:Essity

By: InnovationEditor–Europe

SOUTH AFRICA: MELITTA ACQUIRES MAJORITY STAKE IN CATURRA ROASTERY

Melitta, the German coffee and coffee accessories maker, has announced the acquisition of a majority stake in Caturra, a roastery located in the South Africancity of Cape Town.

According to Melitta, Caturra has around 25 employees and has been operating for 30 years, roasting and distributing coffee and serving the South African market in both the retail and out-of-home channels.

Matthias Rensch, managing director Melitta Europe – Coffee Division, commented: “Growing in new markets and internationalising our business are important for Melitta Coffee in Bremen if we are to achieve the growth and earnings targets we have set ourselves".

"We are convinced that we can make excellent use of the Melitta Group’s extensive expertise for the growth and expansion of Caturra – and that we can also open up numerous new sales opportunities on the African continent for the Melitta Group’sbusiness units”.

Described as small but wellconnected in the South African coffee scene, Caturra will be managed by Melitta Europe’s Coffeedivision.

Source/imagesource: Melitta By: InnovationEditor –Middle East & Africa

SINGAPORE: GOOD MEAT LAUNCHES

“WORLD FIRST” CELLBASED CHICKEN

Good Meat, a US-based cultivated meat company, has announced what it claims is the world’s first launch of cell-based chicken in collaboration with Singapore’sHuber’sButchery.

The new product, called Good Meat 3, is described as a lowcost chicken mince formulation with 3% cultivated chicken, and is promoted as having the same taste, texture and experience as conventional chicken.

Commenting on the launch, Josh Tetrick, co-founder and CEO of Eat Just, the parent company of Good Meat, said: “This is a historic day, for our company, for the cultivated meat industry, and for Singaporeans who want to try Good Meat 3”.

Huber’s Butchery executive director Andre Huber added: “Having the latest version of Good Meat 3 cultivated chicken available for retail is another step in this journey to make cultivated meat available to a bigger audience. People will have the opportunity to prepare the

product the way they want and experience how it can fit in to theirhomecookedmeals”.

The introduction of Good Meat 3 follows the recent launch in Singapore of Fazer Taste The Future Chocolate Snack Bar, a confectionery bar containing precision-fermented protein.

The product will be available in 120g packs throughout 2024, retailing at 7.20 SGD($5.32).

Source/imagesource:Good Meat

USA: HERR FOODS TO INVEST $31 MILLION IN SOUTHEAST OHIO

Herr Foods, a US based snack manufacturer, has announced an investment of $31 million to add a new manufacturing plant in Jackson and upgrade a facility inChillicothe (OH).

Founded in1946, Herr Foods has a portfolio of more than 340 snack products, including crisps, cheese curls, pretzels, and popcorn,withaworkforceof1,400.

According to the company, it has purchased the Jackson Industrial Rail Site, including a 50,000 sq ft warehouse on the eastern side of the property. It plans to invest $25 million in the new facility, while $6 million will be allocated to the Chillicothe facility to expand packaging spaceandupgradeequipment.

Commenting on the move, Herr Foods chairman and chief executive officer Ed Herr said:

INDUSTRY INSIGHT

What changes do you expect in functional food and drink in the coming years? Are any particular ingredients or product benefits becoming more important?

In the coming years, I expect to see a significant evolution in the functional food and beverage sector, especially as consumers become more aware of the importance of a healthy and balanced diet. The search for products that not only provide nourishment but also specific health benefits will continue to grow

One of the ingredients that is becoming increasingly important is collagen – known not only for its benefits for the skin, but also for the joints and general health. The demand for products that promote beauty from the inside out is on the rise, and I believe that collagen will be a protagonist.

In addition, functionality is expanding to include ingredients that help improve mental health and emotional well-being, such as adaptogens and probiotics. People are increasingly looking for ways to deal with stress and anxiety, and products that offer support in this area will undoubteldy gain prominence.

Another trend I observe is personalisation. With the advancement of technology, it will be possible to develop foods and

CRIS ARCANGELI

Gama spoke to Cris Arcangeli, Chief Executive Officer, Beauty'in

drinks that meet the specific nutritional needs of each individual. This will allow consumers to make more informed and healthy choices.

" Competing only on price should not be the strategy: when you innovate, you add value "

In summary, I see a promising future for functional foods and beverages, with an emphasis on ingredients that promote holistic health and personalisation.

What advice would you give other brands seeking to gain a foothold in a competitive market?

For brands that are looking to stand out in a competitive market, my advice is: invest in innovation. Innovation is what really differentiates one company from another, and is essential in order to create products that not only meet the needs of consumers, but that also surprise and delight them.

In an environment where competition is fierce, many brands end up competing only on price,

but this should not be the strategy. When you innovate, you add value to your product and build a unique identity for your brand. This allows you to create an emotional connection with consumers, who are willing to pay more for something that really makes a difference in their lives.

In addition, it is important to always be aware of market trends and changes in consumer needs. Listening to feedback and being willing to adapt quickly can be the point of difference that will lead your brand to success.

Innovating not only means developing new products, but also rethinking processes, packaging and even the customer experience. Every aspect of your brand can be an opportunity to innovate and stand out.

Therefore, my advice is: put innovation at the centre of your brand strategy. This will not only help you avoid the ‘price war’, but will also allow you to build a solid reputation and a loyal customer base that values what you have to offer. Remember, when you innovate, you are not just selling a product –you are offering a solution that improves people's lives!

“We are thrilled to announce the investment in the new Jackson, Ohio, facility as well as the Chillicothe, Ohio, facility expansion project. This investment represents our commitment to serving our customers better and providing opportunities inthe local community”.

The investment will reportedly generate around 125 newjobs.

Source: FoodBusiness News / Chillicothe Gazette

Imagesource: HerrFoods By: InnovationEditor–North America

USA: ARCADIA BIOSCIENCES SELLS GOODWHEAT BRAND TO ABOVE FOOD

Arcadia Biosciences, the US manufacturer of plant-based consumer products, has announced an agreement to sell the GoodWheat brand toAbove Food for$4 million.

Launched in 2018, the GoodWheat brand aims to help con-

MERGERS & ACQUISITIONS IN BRIEF

sumers increase their fibre intake with products such as pasta, pancake mixes and macaroni and cheese meals that are made from patented, non-GMO wheat.

Commenting on the transaction, president and CEO of Arcadia Stan Jacot said: “We see this as the beginning of a partnership between Arcadia and Above Food to accelerate scaling Arcadia’s wheat IP”.

Above Food CEO Lionel Kambeitz added: “Consumers are asking for delicious foods that are better for you. The use and advancement of this existing non-GMO GoodWheat IP for the planting seeds utilized in Above’s grower supply chain

Leading European snacking producer Colussi has announced it has reached a deal to acquire a majority stake in German cracker firm Dr. Karg. Dr. Karg manufactures a range of crispbread and other sweet and savoury snacking products, employing 240 staff at the company’s bakery in Schwabach. Source:DistribuzioneModerna/Dr. Karg

DayDayCook (DDC), a self-proclaimed contentdriven consumer food brand, has announced the acquisition of Asian food brand Omsom

will serve the needs of these health and quality-conscious consumers”.

Source: Arcadia Biosciences

Imagesource: AboveFood By: InnovationEditor –North America

Founded in 2020, Omsom is described as a producer of cooking sauces and noodles, with the goal of making Asian cuisine accessible to US households. The acquisition follow’s DDC’s purchase of GL industry and Yai’s Thai in January. Source:DayDayCook

Leading UK food and drinks supplier Bidcorp has announced it has acquired the trade and assets of ice cream manufacturer Northern Bloc. Operating since 2014, the company offers a broad product range including vegan, low sugar and bespoke ice cream. Northern Bloc will join Bidcorp’s existing portfolio that includes Simply Food Solutions and Yarde Farm. Source:Bidcorp

Upc omin g Events

OCTOBER — DECEMBER

NACS SHOW 2024

WHAT? The 430,000 sq ft National Association of Convenience Stores (NACS) show, the leading US show for the convenience sector, returns to Las Vegas this October, which 1,200 exhibitors expected to set up stall.

WHERE? Las Vegas, USA

WHEN? 7th to 10th October 2024

BIOFACHJAPAN2024

WHAT? The major meeting point for the organics sector in the Far East, Biofach Japan will be held at the Tokyo Big Sight arena at the end of October as a co-located event alongside the Good Life Fair.

WHERE? Tokyo, Japan

WHEN? 25th to 27th October 2024

GROCERY INNOVATIONS

CANADA

2024

WHAT? Billed as "Canadian grocery’s largest meetings, exhibition and conference event", Grocery Innovations Canada features over 65,000 sq ft. of dedicated pavilions focused on key grocery & specialty categories.

WHERE? Toronto, Canada

WHEN? 29th to 30th October 2024

PLMA CHICAGO 2024

WHAT? The leading US industry event for the private label sector returns to Chicago this November. The 2023 event attracted a record 1,685 exhibitors from 60 countries.

WHERE? Chicago, USA

WHEN? 17th to 19th November 2024

ABU DHABI INTERNATIONAL FOOD EXHIBITION (ADIFE) 2024

WHAT? Promoted as "the premier gateway to the GCC region", ADIFE is expected to welcome over 650 visitors and 21,000 visitors to the ADNEC Centre Abu Dhabi this November.

WHERE? Abud Dhabi, United Arab Emirates

WHEN? 26th to 28th November 2024

SIAL 2024

WHERE?

Paris, France

WHEN?

19th to 23rd October 2024

GAMA SPOKE TO NICOLAS TRENTESAUX, SIAL NETWORK MANAGING DIRECTOR

SIAL is celebrating its 60th anniversary this year. How are you planning to commemorate the occasion?

This year, SIAL is characterised by both a retrospective and forward -looking approach to the food sector. Attending SIAL on its 60th anniversary is a unique opportunity to reflect on six decades of innovation and change in food, while looking to the future.

" We are encouraging collective ownership of change to meet the world's food challenges "

Under the theme "Own The Change", we are encouraging collective ownership of change to meet the world's food challenges. This approach will be present throughout the event.

Particular attention will be paid to the comfort and experience of visitors, with the show divided into sectors to make it easier to find the products you're looking for, and a more convivial atmosphere with La Guinguette, which will be open all day to visitors for drinks and light snacks, as well as entertainment and music, and SIAL Off, which will be showcasing 60 venues in Paris. The show's 60th anniversary will also be celebrated with a special evening event on Sunday 20th October.

What key trends are shaping the food and drinks space in 2024, and how can companies best position themselves to capitalise on them?

For SIAL Paris 2024, a number of major trends and innovations in the food sector are anticipated. Products that combine pleasure and simplicity, while being economical and environmentally friendly, will be in the spotlight.

We can also expect practical formats, such as individual portions to reduce waste, as well as bulk products for families. The focus will also be on health, with plantbased protein products and organic options.

Technological innovations will also play a crucial role in enriching the consumer experience with unique taste and sensory solutions. Ethics and sustainability will also remain key themes, with a focus on environmentallyfriendly products.

It's important for companies to highlight how their innovation meets consumer expectations and the food issues of tomorrow.

" Technological innovations will play a crucial role in enriching the consumer experience "

GAMA SPOKE TO YANNICK VERRY, BRAND DIRECTOR, FOOD INGREDIENTS EUROPE & AMERICAS

What are your expectations for this year's Fi Europe? What features are there for consumers to lookforwardto?

FI EUROPE

2024 WHERE?

Frankfurt, Germany

WHEN?

19th to 21st

November 2024

" Fi Europe is gearing up for its biggest and best year ever "

Fi Europe is gearing up for its biggest and best year ever. More than 1,500 exhibitors and a programme of expert presentations will showcase innovation, share insights and foster business relationships. The main show arena will feature exhibitors from across the full F&B ingredients spectrum including, for the first time ever, a Petfood Suppliers Hub where visitors can explore the latest ingredients and technologies for pet nutrition. The health ingredients area is dedicated to functional F&B ingredients with proven health benefits. And the expanded Food Technology Zone is a one-stop destination for those seeking practical and innovative ways to optimise their supply chain and futureproof their operations, from R&D to delivery.

What future do you see for 'high -technology’ production methods in the ingredients space?

Technological advancement and digital innovation are having a transformative effect on the food and beverage ingredients industry, with everything from labgrown meat to vertical farming,

to artificial intelligence (AI)-led ingredient discovery poised for rapid growth in the years to come. Tech-led innovations like these are critical in addressing global challenges like food security and sustainability, especially as the world aims to feed 10 billion people by 2050.

AI is transforming ingredient discovery, development and reformulation, making processes more efficient, affordable and targeted. Cultured and fermented proteins, which decouple food production from traditional resources like land and water, will play a vital role in creating sustainable food systems of the future.

As the ‘food as medicine’ concept gains momentum, these technologies will also support the development of health-oriented products, potentially dramatically reducing healthcare costs and boosting the wellbeing and longevity of billions of consumers worldwide. Undoubtedly, the intersection of data, AI and food technology will continue to drive innovation in the years ahead, enabling the industry to meet the needs of a growing and increasingly health-conscious global population.

" Technology is having a transformative effect on the ingredients industry "

SWEDEN: CLOETTA TO SELL NUTISAL ROASTED NUTS BRAND

Cloetta,aleadingnorthernEuropean confectionery company, has announced a binding agreement to sell its Nutisal roasted nuts brand to Monchy Food, a Dutch producer and distributor of nuts, seeds and dried fruits, as partof itsstrategyto focus onits coreconfectioneryportfolio.

“ThedivestmentispartofCloetta’s previously communicated plan to continue streamlining the brand and product portfolio to reduce complexity to support the longtermgoalofanadjustedEBITmargin of at least 14 per cent”, the companysaidinastatement.

The brand is said to comprise half of Cloetta’s nuts division, which will continue via the pick and mix seg.

According to a company spokesperson, the transaction is worth around €5-6 million ($5.4-6.4 million) and will not involve direct job losses as in 2020 Cloetta had outsourced manufacturing toathirdparty.

Source: Cloetta

Imagesource: Cloetta/ Monchy Food (montage) By: InnovationEditor–Europe

Nissin Foods, the Japanese instant noodle manufacturer, has announced the acquisition of Korean snack company Gaemi Food for 48,000 million KRW ($35 million).

Founded in 1995, Gaemi Food is definedasamanufacturerofcrispy rollsnacksundertheBakedCrispy Roll name and confectionery under the brand Kemy, as well as snacksforinfantsandchildren.

Commenting on the acquisition, Nissin Foods executive director, chairman and chief executive officer Kiyotaka Ando said: “The addition of Gaemi Food represents a strategic milestone for Nissin Foods in developing our businessintheKoreanandoverseas markets. While leveraging NissinFoods’corecompetencies inmarketing and food technology, the Group is developing a non-noodle business that can createsynergieswiththeinstant noodlebusiness”.

“Most importantly, expanding into overseas markets not only diversifies our revenue sources, but also deepens our understanding of local cultures and consumer behaviours”, he added. “This knowledge allows us to build stronger relationships with local consumers, enabling us to identify and pursue additional opportunities.Goingforward,the Group will continue enhancing our market insights, ultimately boosting the Group’s market shareandoverallprofitability”.

Source/imagesource: Nissin Foods

USA: SMITHFIELD FOODS TO ACQUIRE SAUSAGE FACILITY FROM CARGILL

US meat producer Smithfield Foods has announced it has entered into an agreement to acquire a dry sausage facility in Nashville, TN from commodities giant Cargill.

The new facility will manufacture goods for Smithfield Foods’ dry sausage brands such us Margherita, Carando and Armour to cater to increased demand, the company said.

“This transaction is a testament to our continued focus on growing our packaged meats business by staying ahead of and delivering on our customers’ preferences”, commented Steve France, president of packaged meats for Smithfield Foods. “Dry sausage is one of our fastest-growing categories, and acquiring this facility from Cargill will better position us to improve sales, drive volume and increase our capacity to bring high-quality dry sausage products to the foodservice, industrial and retail sectors”.

The transition is expected to be closed by end of July 2024. Terms of the agreements were not disclosed.

Source: Smithfield Foods(via PR Newswire)

Imagesource: Smithfield Foods /Cargill

By: InnovationEditor –North America

SOUTH KOREA: NISSIN FOODS ACQUIRES GAEMI FOOD

PHILIPPINES: YAKULT OPENS NEW PRODUCTION FACILITY

Yakult, the Japanese probiotic dairy drink manufacturer has announced the opening of its second production facility in the Philippines.

Built at a cost of 2 billion PHP ($34 million), and located in El Salvador, Mindanao, the new facility sits on a site of roughly 42,000 sq m, and will produce drinks under the Yakult brand and later alsoYakult Light.

“Yakult Philippines Plant 2 will respond to an increase in demand resulting from market cultivation in Mindanao, areas to its south, as well as Visayas”, the companysaidinastatement.

Production of Yakult in the Philippines dates back to 1978 when the company opened its first facilityintheprovinceofLaguna.

The new factory will initially manufacture 1.38 million bottles a day, but is expected to see production capacity double infuture.

Source/imagesource: Yakult

By: InnovationEditor –Asia Pacific

ITALY: VALEO FOODS ACQUIRES BAKERY MANUFACTURER DAL COLLE

Leading European sweets and snacks producer Valeo Foods has announced it has reached a deal to acquire the assets of Dal Colle, an Italian manufacturer of bakedgoods.

With distribution in over 35 countries, Dal Colle is renowned for a 180-strong range of sweet bakery items including croissants and the traditional Italian cakespandoroandpanettone.

Commenting on the deal, CEO of Valeo Foods Italy & president of Balconi Spa Alberto Alfieri said: “We have long admired Dal Colle who share our passion for delivering high-quality products to consumers and their heritage range and operational footprint are highly complementary to Valeo Foods Italy and the Balconi business. We very much look forward to welcoming close to 90 new colleagues to our team and work with them to accelerate the growth of our enlarged Italian business”.

With a portfolio of over 80 brands, Valeo Foods distributes its products in over 180 countries and has plants and offices in the UK, Italy, Germany, the Netherlands, Ireland, the Czech Republicand Canada.

Source: ValeoFoods

Imagesource: ValeoFoods /Dal Colle (montage)

By: InnovationEditor – Europe

NIGERIA: KIMBERLYCLARK EXITS WITH FACTORY CLOSURE

US based household paper firm Kimberly-Clark has announced the closure of its nappy factory in Ikorodu, Lagos, and with it the company’s exit from Nigeria, Trend Type reports.

According to sources, the factory is shutting its doors just two years after opening, having been operating at below capacity since 2023. Kimblerly-Clark is said to have struggled to make the plant profitable in the face of the high cost of energy and rawmaterials.

Kimberly-Clark originally began operating in Nigeria in 2012, subsequently pausing for some yearsandthenrestartingin2021.

As well as shuttering its manufacturing facility, KimberlyClark is reportedly also closing its commercial office and will ceasing marketing its Huggies and Kotex products inNigeria.

Source: Trend Type

Imagesource: Kimberly-Clark By: InnovationEditor –Middle East & Africa

USA: VENUS WAFERS TO BE ACQUIRED BY CIRCUMSPECT CAPITAL

Venus Wafers, a US-based maker of crackers and flatbreads, is to be acquired by investment firm Circumspect Capital, according to a Food Business News report.

Founded in 1931, Venus Wafers is a manufacturer of organic whole grain crackers and flatbreads under the CaPeachio’s and The Original Mariner Biscuit brands, as well as supplying private label brands. The company’s portfolio includes artisan crackers, original crackers, snack crackers, stoned wheat crackers, water crackers,

original flatbread, mini flatbreadand lavashflatbread.

Commenting on the acquisition, Tully & Holland, who are acting as exclusive advisor to Venus Wafers, said: “The acquisition allows Circumspect Capital to participate in a long -term focused investment partnership with a widely recognized, all-natural, specialty snack cracker portfolio and privatelabelbusiness”.

Financial terms of the deal were not disclosed.

Source: FoodBusiness News / Tully & Holland

Imagesource: Venus Wafers By: InnovationEditor–North America

USA: KIKKOMAN STARTS WORK ON WISCONSIN PLANT

Kikkoman, a leading manufacturer of soy sauce and related condiments, has started construction on a new production facility in JeffersonCounty (WI).

The new $560 million factory will be the company’s second in Wisconsin and third in the US, situated close to its existing plant in Walworth. It is intended to be a sustainable next-generation production facility, offering flexibility alongside production efficiency and scalabilityfor multi-production of a variety of products, the company said ina statement.

The new facility will span an area of 240,000 sq ft and produce soy sauce and soy sauce –related seasonings including teriyakisauce.

Commenting on the move, Kikkoman CEO and chairman of the board Yuzaburo Mogi said: “Today, we are committing to an investment in the community of Jefferson and the state of Wisconsin. Kikkoman believes in Wisconsin, and we are grateful to this great state for believing in us. Our collaboration began half a century ago as a leap of faith, and today, it continues as a promise of continued growth and cultural connection”.

The first shipment of soy sauce is scheduled for the second half of 2026.

Source/imagesource: Kikkoman

CEO & Executive Editor

CEO & Executive Editor

Cesar Pereira

Cesar Pereira

Editorial Director

Tom Warden

Editorial Director

Tom Warden

Production Editor

Vicente Boix

Production Editor Vicente Boix

Creative Director

Lydia Girón

Marketing

Director

Marisa De Lucia

Antonio Coronado

Creative Director

Editors

Lydia Giron

Silvia Ruiz, Patricia Viana, Sergio Costa, Shally Gupta, Valentina Maini

Editors

Corrections & clarifications

Silvia Ruiz, Catarina Santos, Antonio Coronado, Akiko Endo, Morgan Tarr, Jasmine Kim, Patricia Viana, Nivriti Sweta

Corrections & clarifications

Gama strives for the highest editorial standards, and quality is key to Gama’s values and mission. However, given the nature of the editorial business there may be occasions where errors or inaccuracies occur in the information we publish. It is Gama’s policy to correct any significant errors or omissions as soon as possible, and we invite you to contact us should you have any comments about the accuracy of our content.

Copyright & disclaimer

Gama strives for the highest editorial standards, and quality is key to Gama s values and mission. However, given the nature of the editorial business there may be occasions where errors or inaccuracies occur in the information we publish. It is Gama’s policy to correct any significant errors or omissions as soon as possible, and we invite you to contact us should you have any comments about the accuracy of our content.

Copyright &disclaimer

All information in this publication is copyright Gama. Unless where stated or attributed, Gama retains copyright and all other intellectual property rights on all text and graphic images in this publication. Reproduction, distribution or transmission by any means without the prior permission of Gama is prohibited. All rights reserved.

All information in this publication is copyright Gama. Unless where stated or attributed, Gama retains copyright and all other intellectual property rights on all text and graphic images in this publication. Reproduction, distribution or transmission by any means without the prior permission of Gama is prohibited. All rights reserved.

Gama has made every effort to ensure the accuracy of the information contained in this publication but does not accept liability for any errors or omissions.

Imprint

Gama has made every effort to ensure the accuracy of the information contained in this publication but does not accept liability for any errors or omissions.

Gama News is published by Gama Information Services Ltd. which is registered in the UK at Peter House, Oxford Street, Manchester, M1 5AN (company number GB 8773764).

Imprint

Telephone: +44 161 818 8700

E-mail: info@gamaconsumer.com

Gama News is published by Gama Information Services Ltd. which is registered in the UK at Peter House, Suite 309, Oxford Street, Manchester, M1 5AN (company number GB 8773764).

Telephone: +44 161 818 8700

E-mail: info@gamaconsumer.com

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