The Colgate-Palmolive company has agreed to acquire Care TopCo, owner of the Australian Prime100 pet food brand, as a complementary investment to its current portfolio. The deal valued the business at almost $500 million.
Fonterra Co-operative Group CEO, Miles Hurrell, said the co-op is still pursuing a divestment of its consumer business and integrated businesses Fonterra Oceania and Sri Lanka, considering a trade sale or an Initial Public Offering (IPO).
The latest research from data analytics company, Euromonitor International, has shown Asia Pacific and Australasia as a whole are being challenged by low consumer demand for snacks, following years of inflation. Head of snacks , Carl Quash III, discusses the rise of digital platforms in snack marketing.