Nestlé's recycling practices revealed
Nestle Japan is seeking to reassure consumers who discovered that
the company is using surplus stocks of old instant coffee products
to make new products.
Barilla bid appeals to Kamp funds
Major institutional shareholders in Europe's leading baker Kamps
agreed on Wednesday to accept a €1.76 billion euro takeover bid
from Italian pasta giant Barilla, Reuters reports.
Smithfield Foods beats analysts' estimates
Smithfield Foods, the largest US pork producer, said fiscal
third-quarter profit beat analysts' estimates, as results were
boosted by sales of higher-margin branded products like
Flavour companies to merge
US flavour group Technology Flavors and Fragrances, Inc. has
entered into a letter of intent to merge with another flavour and
fragrance company Belmay Holding Corp., the two companies announced
Tyson-IBP tender offer completed
Tyson Foods Inc. said it had completed its tender offer for beef
processor IBP Inc., bringing closer to fruition an exhaustive
takeover bid that included temporary cancellation of the deal and
Energy costs hit ADM earnings
Archer Daniels Midland Co. said on Monday that fiscal
fourth-quarter net earnings fell 6 per cent as the company took a
hit on higher energy costs and losses from some securities
Sara Lee buys bakery giant
Food and consumer goods maker Sara Lee Corp. said on Monday it will
buy No. 2 U.S. bakery Earthgrains Co. for about $1.7 billion in
cash, gaining distribution...
Lion's share of Montana forced to go
Australian brewing giant Lion Nathan Ltd has been ordered by New
Zealand regulators to cede control of winemaker Montana Group NZ
for breaching takeover...
Eridania Beghin-Say demerger approved
The General Assembly of the Eridania Béghin-Say Group, held on June
25, 2001, under the chairmanship of Stefano Meloni, voted almost
Kerry's bid on Golden Vale approved
The Irish food group Kerry announced on June 25 that it had
received backing from the board of Golden Vale for a Euro252m
agreed offer for the rival...
Novartis buys 20 per cent of Roche
Novartis, the Swiss drugs company, said on Monday it has bought 20
per centof the voting shares in Roche, its competitor, for
SFr4.83bn ($2.8bn) cash,...
Flavours company reports dramatic drop in income
New-York based International Flavors & Fragrances Inc., a
leading producer of flavours and fragrances, reported this week a
54 per cent drop in first-quarter...
Venezuelan brewer bids for Mavesa
Venezuela's Grupo Polar, the brewing company privately held by the
Mendoza family, on Monday offered to buy Mavesa, a local food and
Hain buys European snack company
US snack and natural food company Hain Celestial Group, Inc.
announced on Thursday that it had acquired privately held Fruit
Chips B.V., a Dutch manufacturer...