Tilray Brands, Inc., a leading global lifestyle and consumer packaged goods company at the forefront of the beverage, cannabis and wellness industries, announced the completion of the acquisition of BrewDog Brewing Australia Pty Ltd., including BrewDog’s Australian brewing and production facility in Brisbane, Queensland, along with a portfolio of owned and franchised BrewDog bars across Australia.

Irwin D. Simon, Chairman and Chief Executive Officer, Tilray Brands, stated, “The acquisition of BrewDog’s profitable Australian brewery operations and flagship bars represents another important milestone in advancing Tilray’s global beverage and consumer products strategy. Australia is a highly attractive craft beer market with a strong beer culture and serves as a strategic gateway to the rapidly growing Asia-Pacific region. Together with our recently announced acquisition of BrewDog’s profitable UK operations, this transaction further expands Tilray’s international brewing footprint and strengthens our scaled global beverage platform. BrewDog’s brewing capabilities, production infrastructure, and hospitality locations in Australia provide a strong operational base to invest in the brand’s next chapter, while also creating a strategic hub to introduce Tilray’s portfolio of leading U.S. beverage brands across the Asia-Pacific region.”

The acquisition includes two owned BrewDog bar locations in Brisbane — DogTap Brisbane and BrewDog Fortitude Valley, as well as three franchised BrewDog locations in Pentridge (Victoria), South Eveleigh (New South Wales), and Perth (Western Australia).

Rajnish Ohri, President, International, Tilray Brands, said, “We’re excited to welcome the BrewDog Australia team to Tilray Brands. They bring strong brewing expertise, experienced local leadership, and a deep connection to the Australian craft beer community. From an operational standpoint, this acquisition gives us a strong foundation in a key market and an important hub for our international beverage and consumer products business. Together with the BrewDog team, we will focus on growing the brand locally while leveraging our brewing, distribution, and commercial capabilities to expand BrewDog across Australia’s national retail chain footprint and introduce Tilray’s broader beverage portfolio across Australia and the Asia-Pacific region, including key markets such as Japan.”

This transaction strengthens Tilray’s global beverage and consumer products platform and advances our strategy to scale internationally. Australia provides a strategic hub to accelerate expansion across the Asia-Pacific region, allowing Tilray to capitalise on the growth of premium and craft beer while introducing its leading U.S. beverage brands into key markets throughout the region.

After weeks of dry weather, rains were registered in many citrus areas in São Paulo state in mid-July. Although the volume of rainfall was not homogeneous among regions (rains were registered especially in the south and in the southwest of São Paulo state), it brought a certain relief for citrus growers, who were concerned with the dry weather that had already been affecting the trees.

The rainfall was more significant in the southwest of SP state; thus, flowers may start blossoming. In areas where rains were less abundant (or they were not registered), more humidity is necessary for the flowers to blossom.

As for the tahiti lime, the recent rainfall is not likely to increase the supply in this moment, but it may favor the harvest and the quality in the coming weeks.

Juice exports decrease in the 2023/24 season

Brazilian shipments of orange juice dropped in the 2023/24 season (from July 2023 to June 2024), after increasing in the previous crop. Brazil exported 1 million tons, downing 8.1 % compared to the season before (data from Comex Stat). The revenue totaled USD 2.7 billion, for an increase of 25 % in the same comparison. The export decrease is mainly related to the low volume of juice in stocks in Brazil.

Processing activities

The orange processing continues to move at a fast pace in São Paulo state. Some players from the industry surveyed by Cepea say that the crushing is more advanced this season, and that the processing activities of early varieties are likely to reduce this month. Last year, the processing finished only in the second fortnight of September; however, in 2024/25, activities are expected to end in July or in August.

Elopak is reinforcing its presence in growth markets and investing in profitable growth with the acquisition of Naturepak Beverage Packaging Co Ltd, the leading gable top fresh liquid carton and packaging systems supplier in the MENA region.

Elopak ASA has signed a Share Purchase Agreement to acquire 100 % of Naturepak Beverage from Gulf Industrial Group Company Plc and Evergreen Packaging International LLC, a wholly owned subsidiary of Pactiv Evergreen Inc.

Naturepak Beverage is the leading provider of fresh liquid carton and packaging systems in the MENA region with local production facilities in Morocco and Saudi Arabia, which will be integrated into Elopak’s global production network. Present in 16 countries, Naturepak Beverage has an annual production capacity of 2.7 billion cartons across various product sizes and its customers are global blue chip FMCG players and strong regional champions.

The acquisition will reinforce Elopak’s position in the region and is an important milestone in management’s ambitions to target 2-3% organic revenue growth, deliver inorganic opportunities and grow its global footprint by entering new geographies.

Commenting on the acquisition Thomas Körmendi, Chief Executive Officer of Elopak, stated: “This transaction represents an important part of the growth ambitions we outlined to our shareholders during our IPO this year. I am proud to take ownership of what we deem to be one of the highest quality assets in the region and to welcome the employees of Naturepak Beverage to the Elopak family. By establishing a presence in Morocco and Saudi Arabia we can access important growth markets and deliver Elopak’s brand portfolio to key local and international players. The transaction reflects our strong commitment to growth in the Middle East and Africa”.

Following the acquisition, Naturepak Beverage will be rebranded and incorporated under the Elopak name. The acquisition provides a strategic customer base in the fresh beverage carton segment, primarily in Morocco in fresh dairy, and gives access to growth markets in an attractive region.

Going forward Naturepak Beverage’s client base will have access to a wider fresh and aseptic product portfolio and innovative, sustainable packaging solutions developed by Elopak, with Elopak leveraging its Pure-Pak® carton portfolio and utilizing its technical expertise to drive further growth across products, segments and markets.