Greencore has ended talks with an anonymous bidder for the food group with the Irish firm citing the financial crisis as the reason for the deal to have fallen through.
Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.
SABMiller has gained final regulatory approval from the Australian Federal Treasurer for the acquisition of Foster's, following a recommendation from the Foreign Investment Review Board (FIRB).
The second largest player on the Romanian chocolate market Kandia Dulce has acquired former competitor Supreme Chocolat, the third largest player, which could put pressure on market leader Kraft, according to an analyst.
Norwegian firm Orkla Brands has announced the sale of its bakery unit Bakers to the retail group NorgesGruppen for an undisclosed fee as retailers augment their dominance on the Norwegian bakery market.
The United States’ biggest farmer-owned cooperative CHS Inc. has signed an agreement to acquire soy protein company Solbar for $133m, sending share prices in the Israeli company soaring.
Nestle has announced plans to expand production of its Wagner brand of frozen pizzas following a 400% export boost since Nestle acquired the brand in 2005.
Scottish food group Baxters has moved to secure a “strong foothold” in the canned meat market after completing a deal with Princes for the acquisition of the Fray Bentos brand.
Irish dairy ingredients and cheese manufacturer Glanbia could be on the look-out for acquisitions again in 2012, according to an analyst based in the country.
Unilever is likely to sell its low-margin food business to fund further acquisitions on the personal care side, particularly in the emerging markets, claims Fitch Ratings in a recent commentary note.
Spanish chocolate confectionery market leader Nestle has invested €10m on a new production line its factory in La Penilla de Cayon to drive growth in the Mediterranean.
Analysts expect a modest element of recovery for ABF Ingredients in the year, driven primarily by the fact its Chinese yeast facility is now operational and can generate greater economy of scale.
Swedish ingredients firm AarhusKarlshamn (AAK) has announced improved sales and operating profit in its third quarter (Q3) results partly due to increased volumes from its acquisition of North American speciality fats business Golden Foods.
Arla Foods Ingredients says it is planning further ‘significant investments’ at its Danish whey processing plant, dedicated to the production of high-value dairy ingredients, over the next few years.
Premier Foods’ announcement that the banks have given it some breathing space represents a “modicum of respite for an embattled business” during a key trading period, claim market analysts.
The private equity owners of the Findus group are reportedly set to sell some of the frozen food group’s assets, a move that does not surprise industry analysts who cite its heavy debt burden and ill-fitting business units.
Tate & Lyle has delivered a solid first-half performance thanks to strong by-product returns, high-volume sucralose sales and performance-focused measures implemented under its new chief executive.
Chr. Hansen’s full-year results are in line with expectations, says an analyst, but positives noted were the suppliers’ expectations for its EBIT margin growth and the better performance for its probiotics division in Q4.
Switzerland-based Wild Flavors has finalised the acquisition of US based AM Todd, a producer of natural mint flavors and value-added mint ingredients, and also has specific technologies for organic flavors and ingredients.
Global group International Flavors & Fragrances (IFF) has opened a dedicated facility in Dubai, with an industry insider hailing the move as strategic in terms of leveraging growing demand in the Middle East and Africa.
Ferrero has announced plans to build a new factory in Turkey in the province of Manisa to leverage its position in a confectionery market that has grown 120% since 2004, according to figures from Mintel.
Bakery ingredients supplier CSM’s planned restructuring programme to offset weak consumer demand will result in 500 job losses, revealed the company when releasing its Q3 interim statement yesterday.
FMC Corporation has entered a definitive agreement to acquire Chilean natural colors and specialty ingredients firm South Pole Biogroup, as it looks to expand its food ingredients portfolio.
Fonterra says it fears it will lose around NZ $20m of milk a day after it was forced to close 15 of its 17 processing sites on North Island, following a break in a gas pipeline on Monday that led to operator Vector requesting that businesses do not use...
A management buyout in tandem with a private equity alliance could be a likely outcome in any change of ownership of Greencore, claims Shore Capital Stockbrokers, following the surprise news yesterday that the manufacturer had received a preliminary takeover...
The Swedish Competition Authority (Konkurrensverket) has approved Arla’s merger with struggling Swedish dairy processor Milko, which had faced bankruptcy in the event of the deal not going through.
Some 700 new jobs are set to be created in the sector after communities secretary Eric Pickles confirmed that he would not call-in Danish dairy cooperative Arla Foods’ application to build a new £150M dairy in Buckinghamshire.
Nestlé’s sales for the nine months to the end of September rose 7.3% to reach CHF60.89bn (€49.24bn), slightly short of expectations, but its positive European performance blindsided analysts.
Coffee roasting firms Kraft and Krüger have been hit by fines totaling €9m for allegedly fixing instant cappuccino coffee prices in Germany, activity that the nation's federal competition agency said most likely meant higher consumer prices.
Last year's severe summer drought in Russia has hit Danone’s third quarter (Q3) 2011 dairy sales in the country, with the French company forced to raise prices to end consumers due to higher ingredients costs.
CSM may be able to move out of the danger zone if pressures alleviate on the costs input side towards mid-2012 and if its new rationalization plan generates some significant cost savings, notes an analyst.
The German dairy sector needs to pursue further consolidation to make inroads into lucrative international markets for dairy products, according to the nation’s largest processor DMK.
German ingredients group Südzucker reports a sharp rise in profits for the first half of its financial year, citing gains from its sugar and fruit segments as being particular growth drivers.
Analyst RBS believes Brookes Avana is Premier Foods’ most likely candidate for disposal, following the UK food producer’s announcement at the end of last week that it is now actively looking to sell off parts of its business to allow it to deleverage.
Synergy has expanded its US flavors empire with the acquisition of beverage flavors expert Sethness-Greenleaf less than three weeks after snapping up natural extracts specialist Sensus, almost doubling the size of its US business overnight.
Dutch bakery ingredients supplier CSM has issued a profit warning, claiming it will not meet its earnings expectations due to lower spending from recession hit consumer.
Flavours and fragance house Givaudan, while posting third quarter results, said its decision to increase its prices will soften the impact of higher raw material input costs for products such as citrus and orange oil in 2011 and fully cover them in 2012.
Adams Foods is launching a new cheese brand called Mu in partnership with retail giant Tesco less than a month after a devastating blaze wrecked its cheese warehouse at Wincanton Business Park, Somerset.
Dairy group Friesland Campina has welcomed the call from a Dutch trade group to end the European import levy on sustainably produced palm oil and claims it could encourage greater uptake among brand owners.
