Total Produce increases stake in Oppenheimer Group
Irish produce giant Total Produce has increased its stake in Canada's Oppenheimer Group to 65% by buying a further 30% of Grandview Ventures Limited (GVL), which trades as Oppenheimer and Oppy, for a...
View ArticlePepsiCo lines up closure of UK Walkers crisps factory
PepsiCo is planning to close a Walkers crisps plant in north-eastern England.
View ArticleFood market news of the week - Unilever, Nestle, PepsiCo
This week's highlights include speculation on a potential Unilever split after the failed Kraft Heinz takeover attempt; action on the nutrition front from Nestle as the company unveiled global sugar...
View ArticleFood market quotes of the week - Nestle, Unilever, Hershey
Commenting on topics as diverse as sugar reduction, job cuts and M&A, here is a summary of the food industry's week in its own words.
View ArticleAunt Bessie's targets low-carb appetites with new vegetable chips
Aunt Bessie's, part of the UK's William Jackson Food Group, says it is responding to demand for low carb foods by extending its frozen foods range to include Vegetable Chips.
View ArticleDuc 2016 sales slip on bird flu
Embattled French poultry processor Groupe Duc reported lower sales in 2016 as a number of markets closed their borders to French poultry products due to bird flu concerns.
View ArticleUK's Bakkavor set to close Welcome Foods business
UK-based private-label supplier Bakkavor said today (3 March) it is proposing to close its Welcome Foods ingredients business in Nottinghamshire and is starting talks with all 300 staff employed at the...
View ArticleDanish Crown acquires UK foodservice firm Leivers Brothers
The UK arm of Denmark-based meat co-operative Danish Crown has acquired UK foodservice company Leivers Brothers for an undisclosed sum.
View ArticleBayWa's earnings hit by "difficult" markets
Germany-based produce-to-energy conglomerate BayWa booked a drop in operating profit for 2016, citing "difficult" agricultural markets that offset slight sales growth.
View ArticleMedina plans dairy investment
UK milk, dairy and bakery products supplier Medina Dairy plans to invest GBP3.5m (US$43.7m) to upgrade the production capacity at its Watson's Dairy in Hampshire.
View ArticleTesco destocks ABF's Silver Spoon Granulated Sugar
Associated British Foods' Silver Spoon Granulated Sugar has been delisted by Tesco stores in the UK in a spat over pricing.
View ArticleParmalat expects sales, EBITDA to accelerate in 2017
Parmalat, the Italian dairy group that is majority-owned by Lactalis, has said it expects constant currency sales and earnings growth to accelerate during 2017.
View ArticlePrinces names Cameron Mackintosh managing director
Princes, the UK-based food and drinks group owned by Japanese conglomerate Mitsubishi Corp., has named Cameron Mackintosh as its new managing director.
View ArticleNatra books loss on restructuring costs
Spain-based confectioner Natra has booked a loss of EUR12.2m (US$13m) for 2016 compared to a profit of EUR4.5m in 2015 as a result of impairments, financial items and lower sales.
View ArticleParmalat denies talks to settle Citigroup action
Parmalat has rejected a report it is involved in talks to settle a long-running legal battle with US bank Citigroup ahead of a full takeover of the Italian dairy group by majority shareholder Lactalis.
View ArticleLion Capital invests in UK sports nutrition firm Grenade
Private-equity firm Lion Capital has acquired a majority stake in UK-based sports nutrition start-up Grenade Holdings from Grovepoint Capital and Grenade's founders, in a transaction that values the...
View ArticleSeabrook Crisps hires advisors, eyes M&A
UK firm Seabrook Crisps has indicated it is on the look-out for acquisitions after announcing it had appointed advisors to help it grow.
View ArticleNestle to close plant in Austria
Nestle today (7 March) announced plans to shut a factory in the Austrian city of Linz.
View ArticleLindt & Sprungli expands margins as sales rise
Lindt & Sprüngli reported an increase in earnings today (7 March) that outpaced sales growth as the group expanded its margins over 2016.
View ArticleNestle issues new target on sodium, tries again on saturated fat
Nestle has outlined a fresh target to cut the sodium in its food - while admitting it needed to push back its goal for reducing the amount of saturated fat used in its portfolio.
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