Bakkavör is an international food company, headquartered in the United Kingdom, with operations in the UK, the US and Asia. Bakkavör is majority-owned by Ágúst and Lýdur Gudmundsson, who founded the business in 1986. The head office for Bakkavör is located in London, England.
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It's been quite a year for own-label supplier Greencore. A plan to merge with UK rival Northern Foods was gazumped by poultry magnate Ranjit Boparan. Greencore then licked its wounds and acquired UK desserts and sandwich maker Uniq. Now, however, the company is the subject of a takeover approach. Dean Best reports.
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Bakkavor, one of the UK's largest own-label food manufacturers, has had a tumultuous 12 months. The company even warned last year about the future of the business as a going concern after it missed a deadline to pay creditors. However, Bakkavor's management is keen to look forward and, speaking to Dean Best in this month's just-food interview, CEO Agust Gudmundsson and CFO Richard Howes maintain a quiet optimism about the company's future.
Bakkavor, the UK-based private-label supplier, is looking to employ 40 staff in domestic, full-time roles to meet "growing demand" for its soups and sauces.
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.
Bakkavor, the UK-based private-label supplier, has reported an acceleration in its like-for-like sales in the second quarter, which supported increasing half-year sales and profits.
UK fresh prepared foods manufacturer Bakkavor Group has announced the sale of its Belgian fresh prepared food business, Vaco, to Culinor Food Group.
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.
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.
UK private-label group Bakkavor is to create more than 470 new jobs at two of its domestic production plants to meet demand for a range of deli products, ready meals and desserts.
Private-label group Bakkavor has indicated it will "accelerate" its capital investment programme having booked higher earnings for the first quarter of the year.
Annual profits at own-label supplier Bakkavor have jumped on the back of lower charges for the year and higher international sales.
Bakkavor's chairman and CEO, brothers Lýdur and Ágúst Gudmundsson, have teamed up with US hedge fund The Baupost Group to take control of the UK-based own-label supplier.
Godiva and McVitie's owner Yildiz Holdings has decided to bring its snacks brands under one unit in a bid to drive growth internationally. Unilever's CEO, Paul Polman, sounded a note of caution about trading conditions in 2016. And sugar was once again in the headlines, driving policy agendas in Europe.
Bakkavor has put forward plans to cut the workforce and make changes to shift patterns at sites in London.
Bakkavor, the UK-based private-label supplier, has reported higher nine-month sales and profits despite flat underlying revenue.
Bakkavor, the UK-based own-label supplier, is adding jobs at a desserts facility in its domestic market.
This week's results included an upbeat US snack group Snyder's-Lance reporting higher second-quarter sales and profits, improved half-year revenue and earnings at seafood giant Thai Union and declines at an acquisitive SunOpta.
Bakkavor Group has sold the remaining 60% stake it held in Italian pizza business Italpizza to Dreamfood.
Hormel Foods' latest move to inject more growth into its business - a move for US organic meats firm Applegate Farms - grabbed the headlines this week. In Europe, France's Groupe Bel struck a deal in Africa and is to take a majority stake in Moroccan dairy Safilait.
The sale of a stake in UK convenience group Bakkavor has attracted interest from "a number" of suitors – not just PAI Partners and Pamplona Capital – sources close to the sale process revealed today (25 May).
Private-equity groups PAI Partners and Pamplona Capital are reportedly eyeing a stake in ready meals maker Bakkavor.
This week's result round-up includes a positive start to the year for UK own-label group Bakkavor, better sales but pressure on profits for Canada's Weston Foods and a slide in revenue at French poultry group Duc.
Bakkavor said yesterday it booked GBP1.1m of exceptional charges during the first quarter of the year, after confirming it had decided to close its Yorkshire Fresh Fruit site in Selby, North Yorkshire.
Bakkavor is to sell the rest of its shares in Italy-based frozen pizza business Italpizza.
Bakkavor has announced plans to close a fresh fruit site in the UK after it lost a contract to supply a "major customer".
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