NEWS
Safer ink launched
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oyo Ink India launched a new brand NEXpress. The range will cover all its packaging-related inks and coatings, including a regulatory safe line-up, tailor-made for the packaging of food, pharmaceuticals and other consumer products. The basket of packaging solutions will support package printers in the production workflow, by supplying them with the materials and required certifications needed to meet today’s packaging performance and regulatory needs. The offering is organised under four product and service categories: offset printing, flexible packaging solutions (gravure and flexographic inks), UV printing and coatings. Each category offers a wide range of packaging printing inks and coatings with high functionality and excellent printability for premium print effects. •
Israeli food group offers R4.8 billion for Clover
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ilco consortium is led by Israel-based Central Bottling Company (CBC). The company offered to purchase 59.5 per cent of the South African food-drinks producer. JSE-listed Brimstone are also offering to buy 15 per cent of Clover’s shares. Other members of the Milco consortium include Ploughshare Investments, which will buy 10.9 per cent and IncuBev, 8.3 per cent. Clover’s management will retain a 6.3 per cent stake. CBC is a privately owned international food and beverage group whose subsidiary companies serve more than 160 million consumers worldwide. Milco believes that Clover presents a uniquely attractive
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Food Review | February 2019
investment, given its expansive chilled distribution capability, strong market position for key brands and experienced management team. With its extensive knowledge of the dairy, juice and non-alcoholic beverage industries, it has the technical and research ability to bring healthier food to consumers, access to international brands and connections and operating experience in sub-Saharan businesses. In addition to its proven commercial and trade abilities, Milco intends to combine its capabilities with those of Clover to unlock value through key strategic initiatives with expansion into select subSaharan Africa territories. •
