Heineken has entered into an implementation agreement to acquire Distell and Namibia Breweries (NBL) in a move to create a majority-owned business with a valuation of €4 billion (US$4.5 billion) after consolidating with their South African counterpart, Heineken South Africa (HSA).
Unilever has entered into an agreement to sell its global tea business Ekaterra to CVC Capital Partners Fund VIII for €4.5 billion. Ekaterra has a portfolio of 34 tea brands, including Lipton, PG Tips, Pukka, T2 and Tazo. According to Unilever, the tea business generated €2 billion in revenue in 2020.
Roquette has opened what it claims is the world’s largest pea protein plant, to serve growing global demand for alternative proteins. With capacity to process 125,000 tons of yellow peas each year, the new 200,000-square-foot plant in Manitoba, Canada, marks Roquette’s biggest North American investment to date.