In recent months, a series of major companies in the US have announced they will switch to cage-free eggs - but how interested are consumers...
General Mills secured its entry into the fledgling but growing Brazilian yoghurt market with the acquisition of local player Carolina just b...
Either side of Christmas, General Mills turned to M&A to try to inject some growth into its business. On 23 December, the company announced a move to buy Brazilian yoghurt maker Carolina to bolster its operations outside the US. Last week, General Mills swooped again, this time domestically, snapping up fledgling US meat snacks firm Epic Provisions, another sign of the attractiveness of protein, snacks and sustainability for food majors. However, the Cheerios maker will have to be judicious in the way it manages the new asset. Dean Best reports.
Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.
General Mills' latest numbers have put the US food giant under scrutiny once more. Last week, the company reported lacklustre second-quarter sales and cut its forecasts for annual sales and earnings. The group's domestic business, which has been under pressure for a number of years now, saw sales fall, leading industry watchers to ponder what lies ahead in 2016 and beyond for the company. Dean Best reports.
Just three years after PepsiCo and Muller launched their bid to capture part of the US yoghurt market, the companies have thrown in the towel. Dean Best believes the companies did not create distinct enough products to succeed in a competitive category.
Americans consume 16bn quarts of popcorn annually, with 70% of popcorn eaten at home. Capturing a share of this is all about keeping it simple and being honest with consumers, Angie Bastian, co-founder of popcorn firm Angie's Artisan Treats tells just-food's Hannah Abdulla.
Greek dairy manufacturer Fage is eyeing growth in Europe as the Greek yoghurt craze in the US loses steam. Katy Askew caught up with the company at the SIAL exhibition in Paris to find out more.
Chobani has been ordered to suspend a marketing campaign highlighting the artificial ingredients in Danone's low-fat yoghurt line.
General Mills has been awarded a preliminary injunction that will halt Chobani's adverts contrasting the "natural" ingredients in its Simply 100 yoghurt against the "artificial" additives contained in Yoplait Greek 100 line.
General Mills has added an oatmeal-based variant to its Plenti yoghurt line in the US.
General Mills said today (18 January) it will shut its plant in the English town of Berwick-upon-Tweed.
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.
US snack maker Rhythm Superfoods has secured a US$3m funding round, with a lead investment from 301 Inc, General Mills' business investment arm.
B&G Foods is prepared to make more acquisitions in the frozen food sector, the US group's chief executive has said.
Danone has indicated it will "pursue all available avenues" to block rival Chobani's "misleading and deceptive marketing" after the US group launched an advertising campaign that highlighted the use of sweeteners in the companies' products.
This week, in the US, Campbell Soup Co. announced it would back proposed plans for blanket GMO labelling in the country, while General Mills announced its second acquisition in recent weeks, this time of meat snacks firm Epic Provisions. The industry also reacted to the release of the new Dietary Guidelines for Americans. Elsewhere, Ukraine hit back on a product embargo enforced by Russia, Danish Crown said jobs could be lost in the UK and we spoke to Urban Fresh Foods about its sale to Lotus Bakeries.
General Mills this week announced another acquisition, following up its move for Brazilian yoghurt maker before Christmas with a deal for US meat snacks firm Epic Provisions. Ahead of the holiday period, speculation emerged UK company 2 Sisters Food Group was seeing what interest there is in the market for its biscuits unit Fox's, although the talk was cooled this week. Elsewhere, Danone said it would end production at two plants in Russia, PepsiCo was upbeat about the prospects for Doritos in India and the US reacted to the release of the latest Dietary Guidelines for Americans.
General Mills has snapped up US-based meat snacks company Epic Provisions, the group's second acquisition in two weeks.
General Mills has snapped up Brazilian yoghurt business Carolina Administracao e Participacoes Societarias.
General Mills is to launch US natural and organic brand Annie's into the country's yoghurt sector.
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.
Belgium's Lotus Bakeries this week struck its second piece acquisition in the UK in four months, with a deal to buy Bear snacks owner Urban Fresh Foods. Our M&A pages also included news Fonterra is selling its Australian yoghurt business to Lactalis's Parmalat and Ornua is offloading US distribution asset DPI. Elsewhere, the Russian central bank said domestic producers had, in most categories, failed to meet the shortfall in production from Moscow's import restrictions on the west.
General Mills today (17 December) lowered its forecasts for annual sales and earnings on the back of lower sales in the second quarter, when the US group's domestic performance was subdued.
General Mills has revealed it has met its targets to cut sodium in the US in seven out of ten categories.
More than 30 US food companies including the likes of ConAgra Foods, Smucker, Kellogg and General Mills have signed up to SmartLabel technology, committing to being more transparent about the ingredients that go into their products.
General Mills is launching its Fibre One cereal brand in the UK with the launch of a range of snacks.
J&J Snack Foods and General Mills announced a new partnership that will see the introduction of a new frozen dessert, Pillsbury Mini Pies, in the US.
General Mills has set a deadline of 2025 for its US business to only use cage-free eggs.
There is speculation in the UK the Labour Party is planning a 9pm watershed on junk food advertising if it wins power at the country's General Election in May.
Nestle has secured prime-shelf space in the UK for its gluten-free cereal appeasing a growing army of gluten-free dieters.
General Mills, Inc. - Mergers & Acquisitions (M&A), Partners
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
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