Baking & Snacks – INVESTMENTS, FUNDING & M&A

The agreement brings together GMA’s local milling presence and SNBI’s international milling and baking expertise to create a structured training platform for Angolan bakers for the first time.

Manteigaria also signalled ambitious local growth plans, aiming to open six locations in Hong Kong by the end of 2027, with InvestHK providing market support and supplier introductions to facilitate the rollout.

June witnessed an extraordinary wave of consolidation, multi-billion-dollar mergers, and massive capital expenditures across both the supply-side ingredients sector and industrial baking manufacturing.

The 22 acre site will produce concentrates for PepsiCo’s product portfolio and is part of a larger Rs 5,700 crore (US$598.67M) investment pipeline the company has committed to India through 2030.

The Zephyrhills facility is being developed in three phases, with the first phase operational by mid-2026, the second by 2028, and the third by 2030.