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just-food's review of 2013: the trends that shaped 2013 M&A

6 January 2014

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.

SPAIN: Campofrio names new CEO ahead of planned takeover

2 January 2014

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: Sigma to share control of Campofrio with Shuanghui

23 December 2013

Spain-based meats group Campofrio is to be jointly controlled by Mexican food manufacturer Sigma Alimentos and China's Shuanghui International.

SPAIN: Shuanghui coy over "plans for Campofrio bid"

29 November 2013

Chinese pork group Shuanghui International has remained coy over reports it is planning a bid for Spanish meat processor Campofrio.

Editor's choice: the highlights on just-food last week

18 November 2013

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.

Quote, unquote: just-food's week in words

18 November 2013

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.

In the spotlight: Sigma looks to Europe with Campofrio bid

15 November 2013

Sigma Alimentos, the food arm of Mexican conglomerate Alfa, has launched a bid to acquire Spanish meat processor Campofrio. While Mexico's largest meat processor has been active in M&A in Latin America and the US in recent years, the move would mark the group's first foray into Europe. Katy Askew reports.

SPAIN: Alfa's Sigma eyes Campofrio takeover

14 November 2013

Sigma, the food arm of Mexican conglomerate Alfa, has launched a bid to acquire Spanish meat processor Campofrio.

SPAIN: Campofrio sees pace of earnings decline slow

11 November 2013

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: Campofrio to open Ólvega pizza facility

29 October 2013

Spain-based meats firm Campofrio is to open a frozen pizza manufacturing facility in the south of Spain.

CHINA/SPAIN: Shuanghui to cut stake in Campofrio to avoid bid

27 September 2013

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: Shuanghui coy over possibility of Hong Kong listing

13 June 2013

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: Campofrio points to calendar effect in "difficult" Q1

14 May 2013

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.

US: Smithfield Foods urged to split in three

8 March 2013

A major investor in Smithfield Foods has called on the US meat giant's board to consider splitting the company in three.

SPAIN: Campofrio back in the black as sales gain

1 March 2013

Spanish meat group Campofrio returned to profitability in 2012, as sales gains and lower one-off costs boosted the bottom line.

FRANCE: Aoste confirms 68 job cuts in Yssingeaux plant closure

14 December 2012

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.

SPAIN: Campofrio-owned Aoste in talks to close plant

11 December 2012

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.

Quote, unquote: just-food's week in words

12 November 2012

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.

SPAIN: Inflation, investment hits Campofrio 9M profits

7 November 2012

Spanish food group Campofrio said cost inflation hit earnings in the first nine months of the year.

just the answer - Luis Fernandes, Campofrio

5 November 2012

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.

SPAIN: Campofrio H1 profits climb

30 July 2012

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.

SPAIN: Campofrio coy over pizza plans

12 June 2012

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.

SPAIN: Campofrio CEO confident despite Q1 loss

14 May 2012

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.

FRANCE : Campofrio-owned Aoste to close plant

5 April 2012

French cold meats firm Aoste, part of Spain's Campofrio Food Group, is planning to close one of its plants in south-west France, according to union sources.

US: Higher costs hit Smithfield Q3 profits

8 March 2012

US meat giant Smithfield Foods has booked an drop in third-quarter profits on the back of restructuring charges and higher costs.

SPAIN: Investment plans lead to FY loss at meats firm Campofrio

1 March 2012

Spain-based processed meats firm Campofrio has reported losses of over EUR54m (US$71.7m) for 2011 due to the cost of its plans for expansion.

SPAIN: Commodity costs pressure Campofrio profits

15 November 2011

Input costs have continued to hit Spanish meats maker Campofrio, with the company reporting a drop in profits for the first nine months of the year.

US: Meat giant Smithfield reports "record" Q1

8 September 2011

US meat giant Smithfield Foods has today (8 September) reported what it said were "record" first-quarter results, with improved sales and earnings.

SPAIN: Input costs hit Campofrio H1 profits

1 August 2011

Higher commodity costs have weighed on half-year profits at Spain-based processed meats maker Campofrio Food Group.

US/SPAIN: Smithfield ends plan to take control of Campofrio

3 June 2011

US meat company Smithfield Foods has ended talks to buy a controlling stake in Campofrio Food Group.



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