2 Sisters Food Group
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Kerry Group is reportedly mulling the sale of its frozen food business. The company has seen strong sales and profit momentum at its ingredients unit but endured a lacklustre performance from the consumer foods side of the business. In this context, it makes sense for the Irish company to pare down peripheral and under-performing areas of Kerry Foods. Katy Askew reports.
The UK's Food Standards Agency has issued the results of its first set of quarterly campylobacter tests, part of a year-long study into the prevalence of the bacteria in the UK poultry supply. The results reveal that around three-fifths of chicken sold in UK supermarkets are contaminated with the bacteria and the regulator has conceded that more must be done to win over consumer trust. After a personal brush with the issue, having found offal in pre-packed supermarket chicken, Katy Askew would strongly concur.
The meat supply chain is in the spotlight this week, with allegations in the UK and China of poor and potentially unsafe practices at firms supplying retail and foodservice giants including Tesco and McDonald's. But the entire industry needs to pay attention: consumer interest in what they eat is at its highest-ever level.
Burton's Biscuit Co., the UK firm behind brands including Maryland cookies and Jammie Dodgers, is up for sale. The first round of bidding has been completed and rumoured suitors include private-equity firms Apax Partners and CapVest, Canadian fund Ontario Teachers Pension Plan and Fox's biscuits owner 2 Sisters Food Group. Stefan Kirk of M&A advisors Glenboden suggests another private-equity firm, Bridgestone, which has just bought a biscuit business in Poland, should look at Burton's, too.
UK fish products supplier Icelandic Seachill has confirmed it will close a deli plant in the English seaport town of Grimsby at the end of March 2017 with the loss of up to 86 jobs, after losing three private-label contracts from Marks and Spencer.
2 Sisters Food Group has claimed it will have "the world’s most advanced poultry processing plant" at its site in the UK town of Scunthorpe as it unveiled plans to invest in automation and boost capacity.
Meat processing group Dunbia has played down reports talks over a possible deal with the UK's 2 Sisters Food Group have stalled.
The UK's 2 Sisters Food Group said today (25 July) that it had appointed Nick Townend as the company's first manufacturing support director.
UK fish products supplier Icelandic Seachill has briefed employees on proposals to close one of its three plants in the English seaport town of Grimsby with the expected loss of around 200 jobs.
Boparan Holdings, the company behind the UK's 2 Sisters Food Group, today (21 June) reported a rise in sales and operating profit for the third quarter of its financial year.
Marks and Spencer has moved three private-label contracts from UK fish products supplier Icelandic Seachill with 2 Sisters Food Group, Greencore and Bakkavor each attaining one of the deals.
Ranjit Singh, the CEO of UK company 2 Sisters Food Group, is looking to acquire Irish turkey supplier Grove Farm in a private transaction.
2 Sisters Food Group has rejected a newspaper report the UK company had confirmed it is in talks over a deal with meat processor Dunbia.
Speculation is mounting over the ownership of Dunbia, the UK meat processor, after fresh reports in the UK and Ireland.
Boparan Holdings, the company behind the UK's 2 Sisters Food Group, this morning (16 March) reported a rise in underlying sales and improved profitability for the second quarter of its financial year.
Burton's Biscuit Co. is reportedly closing in on a GBP330m takeover of Boparan Holdings-owned biscuit brand Fox's in a deal that could see the company sell off its Cadbury licence.
Boparan Holdings has reportedly started talks with fellow UK group Burton's Biscuit Co. over the possible sale of Fox's Biscuits.
General Mills this week announced another acquisition, following up its move for Brazilian yoghurt maker before Christmas with a deal for US meat snacks firm Epic Provisions. Ahead of the holiday period, speculation emerged UK company 2 Sisters Food Group was seeing what interest there is in the market for its biscuits unit Fox's, although the talk was cooled this week. Elsewhere, Danone said it would end production at two plants in Russia, PepsiCo was upbeat about the prospects for Doritos in India and the US reacted to the release of the latest Dietary Guidelines for Americans.
The prospect of a sale of UK biscuit brand Fox's by owner Boparan Holdings has been played down by sources familiar with the matter.
Boparan Holdings, the owner of 2 Sisters Food Group, is reportedly considering selling off its Fox's biscuit unit.
Boparan Holdings said it has continued to make progress on its strategy of building a "better before bigger" business as it posted a further decline in sales and profit at 2 Sisters Food Group.
2 Sisters Food Group has completed the acquisition of a site owned by fellow UK company S&A Foods.
This week, there was fresh speculation about the future of some of Mondelez International's confectionery assets in Europe, while, in the seafood sector, industry giant Thai Union Group canned its planned move for US company Bumble Bee Foods. Two companies - Brazilian meat behemoth BRF and Swiss dairy Emmi - did conclude deals. And Russia revealed the foods it was banning from Turkey.
2 Sisters Food Group has confirmed it is in talks to acquire ethnic food maker S&A Foods' manufacturing plant in the English town of Derby.
Boparan Holdings, the owner of UK-focused food company 2 Sisters Food Group, has unveiled a "substantial" and "targeted" investment drive that will see the company spend GBP205m (US$314.6m) in driving improvements at its poultry and meal solutions units.
Boparan Holdings, the owner of 2 Sisters Food Group, booked lower sales and earnings for the full year on the back of price deflation headwinds.
2 Sisters Food Group plans to invest GBP55m (US$84.2m) to support "further growth" at its own-label meal solutions unit by upgrading production.
Asda is introducing a steam process, SonoSteam, to some of its chicken production in a move the retailer claims can reduce campylobacter contamination in fresh products by as much as 80%.
2 Sisters Food Group announced a new "multi million" pound bio-refinery deal with renewable energy experts H2 Energy this week. The plan is set to "transform the energy requirements" at 2 Sisters, the company said.
Lucy Neville-Rolfe, the former Tesco executive, has accepted a role at 2 Sisters Food Group, one of the UK's largest food manufacturers.
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