There has been more consolidation in the US food industry, with another big player largely focused on stagnant categories moving for a busin...
With foodservice sales increasing their share of total food expenditure in the US, just-food's latest management briefing examines how manuf...
The US spreads and gluten-free group saw its shares slump yesterday after warning about its short-term profitability. Boulder's Smart Balance business continues to struggle and Dean Best argues the company should be mulling the brand's future within the group's portfolio.
Nothing gives you the experience of being on the ground at a trade show - without actually being on the ground - as well as social media. The buzz and activity of the event, the networking and discussion points, the emerging trends and product innovations, are all highlighted on social media pages. So, for those of you that couldn't make it to the Natural Products East Expo in Baltimore last week (18-20 September), here is our pick of the highlights from Twitter.
just-food's picks of products at the Natural Products Expo East that tap into the hot trends in US grocery.
General Mills' move for Annie's has further fuelled the belief US natural and organic food companies, including Hain Celestial and WhiteWave Foods, could become takeover targets for mainstream groups searching for growth. But the price General Mills has agreed to pay for Annie's also underlines such deals would likely be expensive.
Boulder Brands, the US free-from business recently acquired by Pinnacle Foods, has seen mixed fortunes of late, with its brands delivering a patchy performance. Even with the ink on the Pinnacle deal still drying, the owner of brands including Udi's and Glutino nevertheless has a clear strategy to grow and attract new consumers through innovation and marketing. Katy Askew spoke to Wendy Acheson, Boulder Brands' vice president and general manager of sales, at the Natural Products Expo West trade show in California to find out more.
Gluten free is a category growing rapidly in a number of markets, including the UK, where mainstream companies like Warburtons, as well as overseas firms like US group Boulder Brands, have moved into the sector. Italy-based Dr Schar is the world's largest gluten-free specialist. Bob Trice, the MD of Dr Schär's UK arm, spoke to Dean Best about the growing competition in and the outlook for the industry.
US food group Pinnacle Foods has pulled the plug on the UK operations of free-from subsidiary Boulder Brands.
Boulder Investment Group Reprise (BIGR), led by the former managers of an investment arm of US food group Boulder Brands before its acquisition by Pinnacle Foods, has raised more than US$55m for a new fund to invest in natural products start-ups across the US.
Pinnacle Foods has raised its earnings forecast for the year thanks to the "strength of the base business" and the recently-acquired Boulder Brands unit, which the US company said is "tracking ahead of expectations".
Sunrise Strategic Partners, the US investment vehicle set up by former Boulder Brands CEO Steve Hughes, has taken a minority stake in Utah-based Kodiak Cakes.
Pinnacle Foods said today (28 April) that it made a "solid" start to fiscal 2016, with sales boosted by the US group's recent acquisition of local peer Boulder Brands.
Pinnacle Foods CEO Bob Gamgort plans to leave the Udi's and Gardein owner at the end of April to take over as chief executive at Keurig Green Mountain.
Boulder Brands has added gluten-free enchiladas and a range of lasagnas under its Evol brand in the US.
Steve Hughes, the former CEO of US free-from and spreads business Boulder Brands, has established a vehicle to invest in emerging food brands in partnership with private-equity firm Trilantic North America.
Boulder Brands' gluten-free brand Udi's is launching a chocolate clusters snack in the UK, as part of its expansion into snacking products.
Ahead of the climate talks in Paris, Unilever announced plans to be carbon positive from its operations by 2030. Elsewhere, there was more consolidation in the US food sector, with Pinnacle Foods moving for Boulder Brands. Tyson Foods, Post Holdings and Greencore all had annual results out in the week. Maple Leaf Foods outlined plans to "streamline" its business, which is set to lead to the loss of 400 staff. Here is the week in quotes.
The US food sector saw another major takeover this week with Pinnacle Foods agreeing to pay US$975m for free-from group Boulder Brands. The country could soon see another, with Thai Union Group saying there are "serious" buyers lined up for Chicken of the Sea - a business it is willing to sell to secure another US asset, Bumble Bee Foods. And, ahead of the climate change talks in Paris next week, Unilever announced plans for its operations to be "carbon positive" in 15 years.
Pinnacle Foods has announced a deal to buy fellow US food group Boulder Brands for US$975m.
Losses at Boulder Brands for the first nine months of 2015 have eased, despite a sales fall when compared with last year's figures.
Boulder Brands, the US group, is looking to take its gluten-free brand Udi's into the UK frozen aisle.
Activist US investor Bill Ackman got the market talking this week with the disclosure he has invested in Mondelez International. Could he be betting on an eventual bid for the Cadbury owner from the new Kraft Heinz Co.? Meanwhile, the row over the Maggi continued, with India's food safety watchdog brushing off tests that appeared to clear Nestle's noodles. And three UK snacks businesses hit the headlines. The owners of Nakd owner Natural Balance Foods are weighing up their options, Bear owner Urban Fresh Foods is looking at ways to expand internationally - which could involve investment in the business. And crisp firm Tyrrells snapped up an Australian snack maker.
Udi's and Smart Balance owner Boulder Brands has hired advisors to look at its strategic options after the US group received interest from companies eyeing an unspecified transaction with the business.
PepsiCo issued its second-quarter results this week - and upped its annual earnings forecast. The company's shares fell, amid concerns the second half of the year will prove more challenging. Under-pressure US group Boulder Brands, fresh from the departure of its CEO, announced restructuring plans likely to lead to 15% of jobs being cut. French dairy group Sodiaal announced another move in China, while we analysed the impact Russia's import restrictions have had on domestic companies.
US firm Boulder Brands has announced an organisational restructure which will see the company reduce its salaried staff by 15%.
General Mills has taken the plunge in China's yoghurt market, this week launching Yoplait in Shanghai. The row over Nestle's Maggi noodles in India continued, with the food giant contesting the nationwide ban in court. And there were a flurry of stories in the US - Campbell Soup Co. and WhiteWave Foods snapped up smaller businesses, while Boulder Brands announced its co-founder and CEO Steve Hughes had resigned.
Boulder Brands CEO Steve Hughes has resigned from the US food group, the company said today (10 June).
Heinz has moved to block Boulder Brands' registration of its Smart Balance trademark for frozen foods.
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.
Boulder Brands is expanding its Udi's brand in the foodservice channel through a tie-up that will bring two varieties of gluten-free pizza to Pizza Hut outlets throughout the US.
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.
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Why Reckitt Benckiser moved for Mead Johnson
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry operating earnings strengthen on slow sales
- Kerry Group staff in Ireland suspend strike action