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.
Despite a tough trading environment and serious fire damage to a
processing plant, British snack firm United Biscuits has delivered
a sizeable full-year profit rise of 25 per cent.
Real Good Food Company (RGFC) has turned around its margins from a
small loss to a modest five per cent, as a result of its
acquisition strategy in the food sector.
Like many other food producers General Mills is suffering from
rising costs, which are holding back profits, despite increasing
sales, according to the latest financial report.
Associated British Foods has become the latest manufacturer to show
concern over rising energy prices and the competitive retail
environment - but insists half-year profits will be in line with
expectations, boosted by its clothing...
Northern Irish snack manufacturer Tayto has offered administrators
an attractive bid for the remaining Golden Wonder plant, but will
absorb the business into its own operations rather than take the
old headquarters.
Sales at Archer Daniels Midland (ADM) increased during the
company's financial second quarter signaling a recovery from the
effects of the US hurricanes last year.
US manufacturer Kraft Foods has announced a massive extension to
its three-year restructuring plan that will see a further 8,000
jobs and 20 production plants go, as the company absorbs rising
energy and ingredient costs.
The world's leading cereal manufacturer Kellogg has announced a 3.2
per cent rise in quarterly net profit as cost-cutting techniques
continue to keep rising fuel and ingredients expenses at bay.
Prices for raw materials and energy are forecast to rise by around
five to 10 per cent this year, but Nestlé believes cost cuts will
balance the equation out, the company's chief executive said
yesterday.
Following last week's collapse of British snack maker Golden
Wonder, more than 60 prospective buyers have approached the
administrators hoping to acquire the rights to some of Britain's
most well known crisp brands.
CNS, the Breathe Right company, has announced its takeover of a
portfolio of domestic and international patents related to
FiberChoice as it begins to grow the successful brand.
UK-based confectionery group Glisten has acquired Lyme Regis Fine
Foods Limited and announced details of an office in Rotterdam with
the aim of increasing foreign sales.
PepsiCo's successful diversity and faster action on health has
taken it ahead of Coca-Cola in the market for the first time in 112
years, but don't be fooled into thinking Coca-Cola is dead wood.
PepsiCo has announced two acquisitions to bolster its snack food
portfolio: Sara Lee's European nut business and Stacy's Pita Chip
Co, the biggest pita chip maker in the US.
UK speciality cake and bread maker Finsbury Foods has snapped up
two Scottish bakers following an impressive financial performance
which allowed the company to amass a £10 million war chest to spend
on acquisitions.
Kraft Foods has confirmed that it is increasing prices of many of
its products in the United States by an average of 3.9 per cent
because of rising energy and packaging costs caused by higher
global oil prices.
US bakery and international consumer goods manufacturer Sara Lee
has announced the sale of its European branded apparel business as
part of the company's bid to redefine its over-stretched product
portfolio and turn around its...
Burns Philp's plan to raise A$2.1 billion (€1.3 billion) from a
share offering in its Goodman Fielder business underlines the
group's ambitions to dominate the Australasian ingredients market.
UK family baker Warburtons has bought up the Rathbones bakery in
Rogerstone, Wales, in a move to keep up with growing demand for its
products, the group announced last week.
Leading US bakery Sara Lee yesterday reported a decline in sales in
its first quarter, with net income hit hard as the company enters
the ninth month in its five-year transformation strategy to shed
unprofitable businesses.
US bakery franchise Panera Bread this week posted strong third
quarter results, boosted by good bakery-cafe sales, prompting the
company to raise its outlook for the fourth quarter.
Continual productivity improvements are behind Novozymes' solid
performance since it was floated on the stock market in 2000,
according to CEO Steen Riisgaard.
Leading player in the US bakery sector Panera Bread looks to be
holding its own in an industry squeezed by high raw material costs
and a powerful retail sector reluctant to pass on price increases.
Bankrupt US bakery group Interstate Bakeries Corporation (IBC)
yesterday announced that it is to close another bakery as it
continues its restructuring efforts in an attempt to get back on
track.
Nestlé says it will embrace moves by hard discounters to sell more
branded products as part of its plan to recover from difficult
times on Europe's food and drink market.
Two leading European manufacturers of oils and fats for the food
industry last week joined forces in a move the companies hope will
allow them to significantly expand their businesses in the US and
Northern Europe.
Crisp and snack company Walkers is to open a new UK plant in
Skelmersdale. The plant will produce Walkers snack products and
will take over some of the production from the soon to close
Swansea factory, the company has said.
Leading US bakery and international consumer goods manufacturer
Sara Lee has announced that it has entered negotiations regarding
the sale of its European branded apparel business. The move forms
part of the company's bid to...
Australian ingredients and food group Burns Philp cashes in on
value creation to fund future investments, spinning off its baking,
spreads and oils divisions into a separate firm.
CSM's sugar beet processing plant in Hoogkerk, the Netherlands is
now fully online following the closure of the firm's Breda factory
earlier this year.