The speculation over Green Giant was this week confirmed with US group B&G Foods announcing it had struck a deal to buy the the canned and f...
Campbell Soup Co. has looked to inject growth into its business through acquisitions in recent years and the indications are this is likely...
The Natural Products Expo West has become a key date in the US food industry calendar - and its significance has grown amid changes in consumer demand. Categories like free-from and organic are buoyant in the US and are attracting the attention of mainstream manufacturers searching for growth. In these ever-more competitive categories, innovation is vital and here is just-food's pick of the top ten on-trend products showcased at this year's event.
B&G Foods has said it will continue to look at acquisition opportunities, despite making three in nine months, but said any it makes will have to be "very compelling".
Unilever's food division has been under the microscope in recent months, with a series of disposals and growth in many categories slow, lagging behind its more buoyant non-food businesses As Michelle Russell writes, this week, as Unilever reported its 2011 results, the scrutiny returned.
There's been a sense of boldness from the world of food this past week, with companies making interesting moves into new products, acquisitions and territories.
B&G Foods, the US food group behind brands from Cream of Wheat cereal to Mexican cuisine line Ortega, may not have the scale of some of the giants in the industry but, despite the downturn, is seeing business bubble along nicely. Talking to Michelle Russell, B&G CEO David Wenner even argues that the company's stable of dry grocery brands is thriving in the recession.
B&G Foods has acquired US pasta sauce maker Victoria Fine Foods from private-equity owners Huron Capital Partners for US$70m in cash.
B&G Foods has booked an increase in third-quarter net sales of nearly 50% thanks to recent acquisitions but the US group revealed pressure on the top-line performance of its underlying business.
B&G Foods has entered into an agreement to buy the spices and seasonings business of ACH Food Companies, a US arm of Associated British Foods.
B&G Foods is reportedly in negotiations with Associated British Foods over the potential acquisition of US cooking oil business ACH Food Companies.
B&G Foods has announced a swathe of product development in a bid to modernise its Green Giant brand.
B&G Foods, the US group, has stopped selling products under the Rickland Orchards snacks brand it acquired three years ago.
B&G Foods has reported a 61.4% increase in net income to US$30.3m in second-quarter results published yesterday (28 July).
B&G Foods has reported higher first-quarter sales and earnings, helped by recent acquisitions, but the US group saw its underlying sales fall.
B&G Foods said it anticipates sales and earnings to continue to rise in 2016 on the back of acquisition-driven growth last year.
Diamond Foods, itself set to be sold to US snacks group Snyder's-Lance, this week took a stake in UK popcorn maker Metcalfe's Skinny. Our M&A pages featured a number of deals, including the move for Chinese dairy group Ambrosia by Irish co-op Ornua. At the ICR investment conference in Florida, the new owner of Green Giant, B&G Foods, said it was interested in more acquisitions in the frozen food sector, while Hain Celestial told delegates it could withstand greater competition in the US natural and organic sectors.
US group Hain Celestial this week cut its forecasts for annual sales and earnings amid pressure on its domestic business. The company's management also presented at the ICR investment conference, where it sought to be upbeat about Hain's prospects. Staying in the US, Danone warned it could pursue legal action over Chobani's "misleading and deceptive marketing" which targeted its Light & Fit brand. Elsewhere, Irish dairy co-op Ornua announced the acquisition of Chinese group Ambrosia. And we analysed General Mills' recent acquisitions of Brazilian yoghurt maker Carolina and US meat snacks firm Epic Provisions. Here is the week in quotes.
B&G Foods is prepared to make more acquisitions in the frozen food sector, the US group's chief executive has said.
The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.
B&G Foods has dropped its forecast for annual sales on the back of the continued poor performance of its Rickland Orchards brand.
B&G Foods struck a deal to buy General Mills' struggling Green Giant business - but insisted it could revitalise its sales. Arla Foods announced two ventures in Africa to boost its presence in the continent. And Nestle outlined plans to make KitKat with only sustainably-sourced cocoa from next year.
This week, B&G Foods announced it had acquired General Mills' struggling Green Giant business in a US$765m deal. Elsewhere, Arla Foods struck two joint ventures in Senegal and Nigeria as the dairy group looks to further expand its presence in Africa. Meanwhile, Campbell Soup Co. reported its full year results and issued a 2015/16 forecast above Wall Street estimates. Here is the week in quotes.
US group B&G Foods is entering the frozen food category through the acquisition of the Green Giant and Le Sueur brands from General Mills for around US$765m in cash.
A deal for Green Giant could be nearing with claims US group B&G Foods is in advanced talks to buy the business from General Mills. Elsewhere, eight companies have expressed interest in Australia's Brownes Dairy, while one sale that was announced this week was the acquisition of European snack bar maker VSI by US co-packer Hearthside Food Solutions. And one story that caught your attention was upstart US egg-free mayo maker Just Mayo coming under fire from the country's food watchdog.
US group B&G Foods is reportedly in advanced talks to buy General Mills' Green Giant frozen and canned vegetable business.
B&G Foods has said it is on the lookout for "big" acquisitions so long as they are the "right fit" for the company.
B&G Foods has reported an increase in sales and net profit for the first half of 2015.
Fonterra this week announced plans to cut over 500 jobs as it adjusts to a slump in prices of dairy commodities, caused in part by falling demand in China. And Mead Johnson this week lowered its forecast for annual profits, with the slowdown in China's economy a factor.
The issue of sugar intake returned to the fore this week with a UK panel calling for official guidance on daily consumption to be halved. Fonterra announcing a different kind of cut, with over 500 jobs to go at the dairy exporter. China is a factor in the New Zealand group's decision and the country's easing growth is affecting a number of food multinationals. This week, infant formula manufacturer Mead Johnson cut its profit forecast on the back of challenges in emerging markets including China.
US food manufacture B&G Foods has joined the campaign for non-GMO by relaunching a non-GMO version of its spreadable fruit Polaner All Fruit.
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