Mergers and acquisitions in the food industry in 2006 took a turn
up compared to the year before, with almost one third of all
activity occurring in the food processing sector, according to a
new guide by the The Food Institute.
Cargill has welcomed the EC's decision to approve its acquisition
of Degussa's food ingredients operations, claiming that the
decision will accelerate the company's focus on creating value and
growth for its customers.
The Competition Commission (CC) today announced it has
provisionally cleared the completed acquisition by Napier Brown
Foods (NBF) of James Budgett Sugars (JBS), but voiced concerns
about the lack of competition in the UK sugar market.
Big Food Group, the British company behind the Iceland retail and
Booker wholesale chains, has confirmed that it has accepted a
takeover from Baugur, the Icelandic investment group which already
owns a number of British retail groups....
US firm Technology Flavors & Fragrances continues to falter in
2003 with a 70 per cent decrease in net income for the second
quarter, a decrease in net sales of 5.7 per cent and rising
Somerfield continues on the road to recovery with a slight rise in
like-for-like sales in the last year. The steady progress made by
the company over the last few months is only likely to increase
speculation about takeover bids.
The tussle for control of Safeway in the UK has certainly grabbed
the headlines in recent weeks, and it could prove to be the first
of many such takeover battles this year, predicts market research
group M+M Planet Retail, especially...
The Burns Philp hostile bid for Australia's biggest food company
appears to be far from over with the ingredients and yeast company
yesterday referring its bid to the Australian Takeovers Panel - the
principal forum for resolving...
Australian ingredients company Burns Philp has agreed to waive or
change some of the conditions of its A$2 billion (€1.1bn) takeover
bid of Goodman Fielder, Australia's largest food company, leading
the Australian Takeovers Panel...
Mergers and acquisitions in the food industry continue this week
with acquisitive Canadian company Stake technology taking over US
ingredients company Opta Food Ingredients at the price of €28m. The
move marks a bid by Stake to build...
Consumer concern in South Africa about the potential seeping of
harmful compounds from PVC plastic into the food which it is
wrapped around has prompted a shake-up in the country's leading
plastics packaging group, Astrapak,...
Irish food ingredients group Kerry reported that pre-tax profits in
2001 rose 9.6 per cent to €189.7 million from the previous year.
The report came at the same time as news that Stearns & Lehman
shareholders had given their approval...
NatFoods released its full-year results on August 24 and noted that
its net profits will be down at least 10 per cent from the previous
year's $52.1m with analysts forecasting a result in the $43-45m