Hershey turned down a takeover approach from Mondelez International last week (30 June). At US$107 per share, the cash-and-shares offer valu...
A group of 60 institutional investors has written to 15 food and drink companies urging improvement in how they manage and report on water r...
Kraft Heinz Co. last week gave some indication of the financial performance of its constituent parts when the newly-formed company published second-quarter numbers for the former Kraft Foods and HJ Heinz, the last periods as independent entities before the merger closed in July. Lacklustre sales trends remain but the group is also positioned to meet its long-term margin potential and could emerge a beneficiary of potential sector consolidation. Katy Askew reports.
The global food sector has seen an array of M&A ranging from the mega deals such as Heinz-Kraft to the more commonplace bolt-on acquisitions as large corporations gobble up smaller players to plug gaps in their portfolios. While the food sector has seen a busy period for deal-making, according to research from Ernst and Young, this could actually intensify in the next 12 months. Katy Askew reports.
Nomad Holdings, the recently-established, UK-listed company set up by FMCG veterans Martin Franklin and Noam Gottesman to buy consumer goods firms, made its first move this week with the acquisition of European frozen food supplier Iglo Group. Stefan Kirk, just-food M&A columnist and advisor at Glenboden, weighs up where Nomad could move next.
Nestle must adapt to emerging consumption trends and consolidation in the food sector with an “acceleration” of its portfolio adjustment efforts, chairman Peter Brabeck-Letmathe indicated yesterday (16 April).
The UK organic food market has experienced some ups and downs in recent years but organic baby food producer Organix has remained consistent in its approach to delivering high-quality organic products. Michelle Russell met up with managing director Anna Rosier to find out how the company is driving growth and find out more about the opportunities it see at home and abroad.
US confectionery giant Hershey has a vision for growth. The company, which has long faced questions about its US-centric focus, is now looking to overseas markets to fuel sales expansion. Michelle Russell caught up with Thomas Joyce, vice president of customer and industry affairs for Hershey, to find out more about the challenges and opportunities presented by international markets.
Kraft Heinz is launching its first new flavours of Heinz Pickle Chips in the US in more than half-a-century.
Kraft Heinz announced today (15 July) that it is launching a range of quick hot meals to boost its presence in the category.
The Australian Competition and Consumer Commission (ACCC) has accused Kraft Heinz's local arm of "misleading" consumers by suggesting the company's Little Kids Shredz products are a "healthy and nutritious" food for children aged one- to three-years "when this is not the case".
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.
The emergence of 3G Capital into the food sector has shaken the industry and its latest move in 2015 - to merge Heinz with Kraft Foods Group - got people talking, us mulling the impact on the sector and you clicking. Elsewhere, we predicted the battle to buy buoyant for UK meat-free business Quorn Foods would be fierce, analysed some of the key trends in the UK foodservice and discussed how Danone would fare under its new CEO.
From the merger that created Kraft Heinz and ConAgra Foods' decision to split in two, through Nestle's uneven sales performance and on to investment in India and China, our analysis pages got you clicking this year. Here's the top ten most-read analysis articles of 2015.
TreeHouse Foods confirmed that it will acquire ConAgra's private brands business for US$2.7bn. Kellogg revealed further declines at its US cereal business. The Kraft Heinz Co. reported its first results as a combined group – and detailed further job cuts. Here are the highlights from just-food this week.
Kraft Heinz Co. is to close seven plants in the US and Canada, a move which sees 2,600 jobs axed.
This week, Kraft Heinz Co. announced it was axing 2,500 jobs as it moves to "streamline" its structure. Elsewhere, Nestle reported its first-half numbers and cautiously indicated some improvement in China.
Kraft Foods Group and HJ Heinz both booked lower sales in the second quarter of the year, newly-combined Kraft Heinz Co. has said.
Warren Buffett today (10 August) appeared to pour cold water on the prospect of Kraft Heinz Co. making a move for Mondelez International in the near term.
Activist investor William Ackman has built a stake valued at around US$5.5bn in Oreo owner Mondelez International.
The Kraft Heinz Co. has declined to comment on reports that it is preparing to shed 150 jobs in Columbia, Missouri, as the group prepares to invest in upgrading equipment at the site, which manufactures Oscar Mayer hot dogs.
The Kraft Heinz Co. has revealed its senior leadership team as details emerge of how the company will operate after the merger of HJ Heinz and Kraft Foods Group is completed.
A lawsuit has been filed against Heinz alleging that the company's that Ore-Ida branded French fries and tater tots falsely claim to contain zero trans fats.
Indian food safety regulators have reportedly confirmed the presence of worms in a pack of Complan manufactured by Heinz.
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.
HJ Heinz, the US ketchup maker, has stressed its products on sale in India meet local regulations as the company confirmed it is in "ongoing communication" with Indian food quality regulators.
Indian food safety authorities are reportedly examining popular packaged foods manufactured by the likes of Heinz and Kellogg after a row erupted over Nestle's Maggi noodles.
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.
This week, Hormel Foods announced it was acquiring US natural and organic meat processor, Applegate Farms. In the UK, scrutiny over campylobacter continued with the Food Standards Agency revealed 73% of shop-bought chickens are contaminated with the food poisoning bug. Here is the week in quotes.
Market speculation over a possible takeover of Kellogg surfaced this week, with the snacks-to-cereal maker linked to both Kraft Heinz and Coca Cola Co.
Kraft Heinz has won through in a court case over the rights to the Dip & Squeeze packets used for its Heinz tomato ketchup.
H.J. Heinz: Merger and diversification offer growth opportun
The food retail industry is competitive, but Heinz has held its position as a market leader and has built on a strong brand portfolio comprising both international and local brands....
Kraft Heinz Co in Packaged Food (USA)
Following its acquisition of HJ Heinz in June 2013, 3G Capital fundamentally reshaped the US packaged food landscape in March 2015, when it announced that it was merging with Kraft Foods Group....
Heinz México SA de CV in Packaged Food (Mexico)
The company plans to maintain its focus on the foodservice channel, working on its alliances with large consumer foodservice operators throughout Mexico....
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