Campofrio Food Group
M&A levels remained relatively subdued in 2013. Growing private-equity interest and something of a shift in capital flows to mature markets have been significant trends shaping the M&A landscape. While gaining routes-to-market in emerging economies has remained key for strategic buyers. Katy Askew examines some of the stand-out deals of the past 12 months.
Pringles, an anomaly in a Procter & Gamble portfolio that spans categories as diverse as batteries and fabric conditioner, was always going to be sold. The questions surrounded when and to whom.
M&A led the news agenda again this week, with Diamond Foods' plans to acquire crisp brand Pringles, while Smithfield revealed plans to acquire Spanish meat brand Campofrio. Meanwhile, M&S published better than expected results for its fourth quarter. Here's the best of what was said this week.
Smithfield Foods has "structurally changed" as a business through its focus on packaged meats, the head of the US meat giant has claimed in a bid to convince investors of the future direction of the business.
Spanish food group Campofrio has experienced a successful year to date as the group's strategy of investing in and building power brands begins to pay off. As part of our SIAL just the answer series, Michelle Russell caught up with Campofrio's director of route-to-market development Luis Fernandes to talk about domestic economic challenges, key focus areas for the company and its strategy for growth.
Smithfield-owner WH Group has divested in its entire stake of in Campofrio, with funds to be used to pay down debt.
A busy week for results as the first-quarter reporting season got into full swing. We heard from global food manufacturers as far afield as Latin American and Russia, with the likes of Sigma Alimentos owner Alfa and Cherkizovo Group updating the markets. Here is just-food's weekly financial round up.
Spanish food group Campofrio's plant in Burgos has suffered "considerable" damage following a fire on Sunday (16 November).
Spain-based meats group Campofrio has booked a half-year loss but claimed it was on the right track after seeing sales and EBITDA increase year-on-year.
A new chief executive has been appointed at Campofrio days after a deal was struck that is set to see Mexico's Sigma Alimentos and China's Shuanghui International take joint control of the Spanish meat group.
Spain-based meats group Campofrio is to be jointly controlled by Mexican food manufacturer Sigma Alimentos and China's Shuanghui International.
Chinese pork group Shuanghui International has remained coy over reports it is planning a bid for Spanish meat processor Campofrio.
All three bidders for Australian dairy Warrnambool Cheese and Butter Factory tabled revised offers this week - with the takeover target still backing Canada's Saputo. Meanwhile, Mexican food group Sigma has made a move for Spanish meats firm Campofrio. And our latest just-food interview saw Orkla CEO Age Korsvold talk about the Nordic group's plans for FMCG.
This week saw a continued focus on M&A, as further evidence of the global trend towards consoidation in the sector emerged. The battle for Australia's Warrnambool Cheese and Butter Factory rumbled on and Mexico's Sigma launched a takeover bid for Spain's Campofrio.
Sigma, the food arm of Mexican conglomerate Alfa, has launched a bid to acquire Spanish meat processor Campofrio.
Spanish processed meats group Campofrio emphasised it has seen a progressive improvement in returns throughout the year as it booked a decline in nine-month earnings today (11 November).
Spain-based meats firm Campofrio is to open a frozen pizza manufacturing facility in the south of Spain.
Shuanghui International will sell part of the stake in Campofrio it has attained through the acquisition of Smithfield Foods to avoid having to make a mandatory offer for the Spanish meats firm.
China's biggest pork producer, Shuanghui International, has remained coy over the possibility it might list in Hong Kong as a way of fully financing its planned acquisition of US meat processor Smithfield Foods.
Spain-based meats firm Campofrio said fewer trading days in this year's first quarter compared to the first three months of 2012 hit sales.
A major investor in Smithfield Foods has called on the US meat giant's board to consider splitting the company in three.
Spanish meat group Campofrio returned to profitability in 2012, as sales gains and lower one-off costs boosted the bottom line.
French cold meats firm Aoste, part of Spain's Campofrio Food Group, has said the closure of its Yssingeaux plant in the south of France will result in 68 job cuts.
French cold meats firm Aoste, part of Spain's Campofrio Food Group, has entered into talks with union officials over a plan to close a plant in the south of France.
A raft of quarterly results hit the just-food newsdesk this week, with the likes of Morrisons, Associatied British Foods and Marks and Spencer all revealing figures for the last three months. Morrisons spoke about its need to strengthen its marketing message and promotional mechanics, while ABF insisted its grocery business after profits fell in the last 12 months. just-food's latest exclusive interviews included chats with executives Spain's Campofrio and Swiss dairy group Emmi.
Spanish food group Campofrio said cost inflation hit earnings in the first nine months of the year.
Spanish food group Campofrio has booked an increase in first-half profits, boosted by sales from Fiorucci, the Italian group it acquired in April last year.
Campofrio has refused to be drawn on the future of its pizza production network in Spain, with plans for a new plant in the same town as its existing factory.
The chief executive of Campofrio has pointed to the success of the Spanish meat processor's strategy despite the company reporting a first-quarter loss.
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