Billerud gets approval for UPM takeover
Billerud’s proposed takeover of the paper packaging operations of Finnish company UPM-Kymmene for €130m has been given the green light by competition authorities.
Archives for May 22, 2012
Kraft shareholders approve ‘Mondelez International’ name for global snacks business
Kraft Foods shareholders have approved the name Mondelez International as the new name for the company’s global snacks business after it splits into two separate companies later this year.
General Mills: Job losses will be mostly in ‘administrative and support positions’
Job cuts at General Mills will be mostly in “administrative and support positions”, said the firm, which has just unveiled plans to slash more than 2% of its global workforce.
Ralcorp acquires cookie maker as frozen bakery helps Q2 sales rise
Ralcorp has announced the acquisition of cookie maker Petri Baking Products shortly after It reported a sales boost in the second quarter (Q2) 2012 driven by frozen bakery products.
Software offers food processors complete operational control - SYSPRO
A developer of software to monitor all aspects of food manufacturing and distribution has claimed its software offers "complete control" to the industry.
Global sugar prices to fall 19% by 2013 – Rabobank
Sugar prices worldwide are forecast to fall around 19% by 2013 as supply remains above demand, according to financial services group Rabobank.