Kraft Foods Group
Kraft Heinz Co. last week gave some indication of the financial performance of its constituent parts when the newly-formed company published...
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...
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 US food industry is going through a period of significant change and the major names have struggled to come up with the answers to meet new consumer habits. There have already been signs some are turning to M&A - think of the sales of Bolthouse, of Annie's and even Krave jerky last month - and the Kraft/Heinz mega-merger suggests deal-making could accelerate.
This morning's (25 March) news HJ Heinz and Kraft Foods Group have inked a definitive merger agreement sent shockwaves through the US food sector. But, when the dust settles, what are we likely to see from the enlarged Kraft Heinz Co.? Katy Askew investigates.
There is speculation over the future ownership of UK-based meat-free business Quorn Foods. It is hardly surprising. Quorn has been owned by a private-equity firm since 2010 and is a business enjoying continued solid growth in a challenging industry. Dean Best spoke to Quorn CEO Kevin Brennan about the sale rumours and his plans for the business this year.
Canada-based dairy-free business Daiya Foods this summer appointed a new CEO. Director Terry Tierney - former chief marketing officer of Frontier Natural Brands and founder of Rocky Mountain Natural Foods - replaced Greg Blake, who set up Daiya in 2008. Dean Best spoke to Tierney to discuss the company's plans for further growth in a buoyant - but competitive - free-from sector in North America.
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.
Kraft Heinz Co. is to close seven plants in the US and Canada, a move which sees 2,600 jobs axed.
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.
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.
Kraft Foods Group and Mondelez International have called for the dismissal of two counts of the case alleging the companies manipulated wheat prices in 2011.
Health Food Product Ltd, the owner of the Mello Jello trade mark in India, has downplayed the impact of an intellectual property rights ruling that saw regulators order its TM removed from the lists in favour of Kraft Foods Group's Jell-O brand.
Indian regulators have reportedly upheld Kraft Foods Group's intellectual property rights to the Jell-O brand and ordered the trademark registrar to remove the Health Food Product Ltd-owned Mellow Jello TM from its lists.
Kraft Foods Group is to remove synthetic colours and artificial preservatives from its Original Macaroni & Cheese line in the US.
Heinz has relaunched its mustard in the US in a bid to grab a slice of a category in which it is not among the top eight brands.
Kraft Foods Group has played down the possible impact of any penalties that could be imposed for allegedly manipulating wheat prices after charges were brought in the US against the company and Mondelez International.
Kraft Foods Group and Mondelez International have been charged with manipulating wheat futures and cash wheat prices.
The week before Easter saw Aryzta surprise the market with news of its plan to buy 49% of French frozen food retailer Picard. M&A speculation surrounded Mondelez International, which was reported to be considering the sale of its rights to the cream cheese brand Philadelphia. Mondelez had a bad end to the week after being charged with manipulating wheat prices.
This week, bakery business Aryzta announced it was in talks to invest in French frozen food retailer Picard while the M&A rumour mill span with reports Mondelez International is considering selling its rights to the Philadelphia brand. Elsewhere, The Real Good Food Co. said it was exploring options for its under-performing sugar business Napier Brown.
Kraft Foods Group has decided against plans to feature the "Kids Eat Right" logo on its Kraft Singles cheese product in the US after controversy about the relationship between the company and the association behind the campaign.
Mondelez International has declined to comment on speculation it is planning on offloading the Philadelphia cheese brand, which it owns outside the US and Canada.
One story dominated the headlines this week - the plans by Heinz and Kraft Foods Group to join forces and create the world's fifth-largest food and drinks group. Elsewhere, French co-ops Agrial and Eurial said their plans to combine their dairy businesses had been put on hold. There was also sad news from the French food sector with news of a fatal explosion at desserts firm Senagral.
The mega-merger between HJ Heinz and Kraft Foods Group took the US sector by storm this week. Elsewhere, ConAgra's results continued to show the cracks and Fonterra lowered its outlook on milk pricing. Here is just-food's week in words.
Heinz and Kraft Foods Group have struck a merger agreement that will create the world's fifth-largest food maker.
The combined Kraft Heinz Co. can withstand increasing interest among US consumers in less processed, healthier foods, Warren Buffett said today (25 March).
In an announcement that would have surprised few, Kraft Foods Group said today (1 July) its shareholders had thrown their weight behind the plans to combine the business with HJ Heinz. The market's attention on where the management of the new Kraft Heinz Co. will look to make savings.
Acosta Sales & Marketing, the US agency that works on in-store executions with US FMCG giants, has been snapped up by Carlyle. But was the multiple the private-equity firm is said to have paid too pricey?
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