Urban Fresh Foods, the privately-owned UK firm behind the children's-focused snack brand Bear, said last summer it was looking at ways to expand internationally and suggested it could accept investment. Just before Christmas, the company, set up in 2007, announced it had agreed to a takeover bid from Belgium's Lotus Bakeries. Dean Best speaks to Urban Fresh Foods partner Giles Brook about what the deal means for the business.
Lotus Bakeries, the Belgium-based snacks maker, has named a new CFO after moving Isabelle Maes to a new role as CEO of the company's recently-formed natural foods division.
Lotus Bakeries expects to "consolidate" its turnover in 2017 after 12 months of "record growth" but has set out more markets for the Nakd and Bear brands the Belgium-based food group snapped up in 2015.
Lotus Bakeries, the Belgium-based snacks maker, has drawn up plans to build a factory in the US to produce its flagship Lotus Biscoff biscuits.
Natural Balance Foods, the UK snack business majority owned by Belgium-based Lotus Bakeries, is aiming to tap into demand for "healthy indulgence" in the UK with a new line under its Nakd brand.
Lotus Bakeries has reported a surge in first-half sales and earnings, with the Belgium-based snacks group reporting underlying and M&A-driven growth.
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.
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.
This week Fonterra announced it was selling its yoghurt and dairy business in Australia to Parmalat, Chinese fruit groups Golden Wing Mau and Joyvio announced a merger and UK meat group Dunbia confirmed it was mulling options for the business. Belgium's Lotus Bakeries bought UK snacks group Urban Fresh Foods, its second deal in the country in four months and, looking to next year, we analysed the prospects for the BRIC markets in 2016. Here is the week in quotes.
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.
Belgium-based Lotus Bakeries has struck its second acquisition in the UK in four months with a move to buy Bear snacks owner Urban Fresh Foods.
Belgian bakery firm Lotus Bakeries is to expand its plant in Courcelles after deciding not to rebuild its waffle factory in Meise that was burned down in June.
Lotus Bakeries saw its profits jump by more than a third in the first half of the year, with sales in part rising on the back of the the Belgium-based snack maker's move to "internationalise" its Lotus Biscoff biscuit brand.
Lotus Bakeries, the Belgium-based biscuit maker, has bought a majority stake in Natural Balance Foods, the UK firm behind snack bar brands Nakd and Trek.
Belgium-based biscuit maker Lotus Bakeries is reportedly in advanced talks to buy Natural Balance Foods, the UK firm behind snack bar brands Nakd and Trek.
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.
This week, Nestle said it was withdrawing its Maggi noodle brand in India after a food safety scare that has seen local authorities insist the product has elevated levels of lead. Elsewhere, Abbott Laboratories was tied up in a class action lawsuit over its Similac product with allegations it is misleading consumers since the product contains non-organic ingredients. Elsewhere Nomad Holdings confirmed it is in acquisition talks with Findus Group. just-food visited the Free-From Expo in Barcelona this week and spoke to Warburtons among others. We also interviewed the CEO at Divine Chocolate. Here is the week in quotes
Lotus Bakeries is working to “maintain” waffle supplies after a fire “completely destroyed” its production facility in Meise yesterday morning (3 June).
Lotus Bakeries has taken control of its Korean sales office through an agreement to buy local distributor Lotus Korea Co.
Belgium-based group Lotus Bakeries has reported a rise in annual profits.
Lotus Bakeries has attributed an increase in first-half profits to investments in its operations, which the Belgium-based baker said helped to drive efficiency and increase flexibility.
Lotus Bakeries has reported an 8% rise in annual profits as a result of international growth of the Belgian group's Speculoos and Waffles products and the introduction of the Dinosaurus brand.
Lotus Bakeries has appointed Barry Callebaut executive Isabelle Maes as CFO.
Belgium-based group Lotus Bakeries has said it anticipates fiscal 2013 profits to be "in line" with last year.
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