Archives for June 28, 2018

M&A

Campbell Soup reportedly mulling acquisition proposal, although would possibly retain Snyder’s-Lance

Kraft Heinz has allegedly expressed an interest in acquiring Campbell Soup, but analysts believe the Goldfish crackers maker will retain some of its fast-growing businesses, including its recently acquired Snyder’s-Lance.

From breakfast to dessert: Harry Hart building a Kiwi food empire

Harrison Hart, son of New Zealand billionaire Graeme Hart, is putting together a ‘food manufacturing powerhouse’ with the acquisitions of cereal manufacturer Hubbard Foods, Hansell Food Group and the Gregg’s sauce unit.

General Mills retains focus on cost-cutting despite quarterly profit topping estimates

The Betty Crocker maker reported a better-than-expected fourth-quarter profit, but also announced it was axing 625 jobs to reduce costs amid slowing sales of its bakery and yogurt products.