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2012: M&A revival but caution hinders big deals

There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A acti...

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

The announcement today that General Mills has entered exclusive talks to buy a stake in French dairy business Yoplait will end one of the mo...

The week ahead - Wal-Mart Q1s, Post Holdings H1

Dean Best | 13 May 2013

US breakfast cereal group Post Holdings kicks off a relatively quieter week of results with its half-year numbers on Monday. On Tuesday, meat giants Marfig and JBS will report on how it fared in the first three months of the year - as will Wal-Mart on Thursday. The week also includes an international conference in the Netherlands looking at the sustainable cultivation of soy.

Quote, unquote: just-food's week in words | 22 Oct 2010

Commodity costs may not be reaching the levels seen in 2007 but there are signs of growing pressure on food manufacturers. In this month's just-food interview, Groupe Doux CEO Guy Odri explained why the poultry giant is urging retailers to push through price increases. Elsewhere this week, Yakult failed in its attempt to get EU clearance for health claims, food ingredients maker Ajinomoto defended aspartame from the critics and Mars Inc explained it is planning to realign its chocolate business worldwide.

Quote, unquote: just-food's week in words | 14 May 2010

Retailers dominated this week's news, with the appointment of a new CEO at Asda, bumper numbers from Sainsbury's, upbeat noises from Whole Foods and strike action at Carrefour. Here is the best of who said what about this week's top stories.

Latest Interviews

just the answer: PinguinLutosa COO Herwig Dejonghe

Dean Best | 5 Nov 2012

European food group PinguinLutosa has undergone a period of significant change in recent years, with two notable acquisitions. And that transformation has continued but this time with a deal to sell one part of its business, Lutosa, to McCain Foods. COO Herwig Dejonghe speaks to just-food about the changes and his thoughts for the future of the frozen and canned food group.

Latest News

Findus buys Lutosa retail business in Belgium

Hannah Abdulla | 27 Feb 2014

Frozen food giant Findus Group has snapped up the Belgian retail business of Lutosa as part of the EU's clearance of McCain Foods' acquisition of the potato products supplier.

Forex weighs on Greenyard Foods sales

Dean Best | 31 Jan 2014

Foreign exchange has weighed on sales at Belgium-based frozen and canned food group Greenyard Foods.

New-look Greenyard Foods books underlying H1 loss

Dean Best | 22 Nov 2013

Belgium-based canned and frozen fruit and veg group Greenyard Foods has booked a half-year loss from the businesses left after the sale of potato arm Lutosa to McCain Foods.

Greenyard eyes efficiency with KTG Agrar tie-up

Katy Askew | 27 Sep 2013

Fruit and vegetable processor Greenyard Foods has said it hopes to increase efficiency at its frozen unit, Pinguin, by entering into a deal Germany with local food group KTG Agrar.

Underlying sales up at Greenyard Foods

Michelle Russell | 25 Jul 2013

Belgium-based food group Greenyard Foods, previously known as PinguinLutosa, saw sales slide in the first quarter of its financial year after the sale of its Lutosa business - but underlying revenues were up.

PinguinLutosa rebrands to Greenyard Foods

Michelle Russell | 7 Jun 2013

Belgian food group PinguinLutosa has changed its name following the disposal of its potato business Lutosa last year.

McCain to sell Lutosa assets to gain EU backing

Dean Best | 29 May 2013

McCain Foods will have to offload the Lutosa retail brand in Europe after the EU looked into the impact of the Canadian giant's acquisition of the business from rival PinguinLutosa.

PinguinLutosa returns to profit in FY

Michelle Russell | 29 May 2013

Belgian food group PinguinLutosa returned to profit in its last financial year, boosted by acquisitions and a strong performance from its frozen vegetable division.

PinguinLutosa sales boosted by acquisitions

Chris Mercer | 28 Jan 2013

PinguinLutosa has reported a strong rise in sales for the first nine months of its fiscal year, benefiting from the knock-on effect of acquisitions and higher volumes.

M&A buoys PinguinLutosa in transitional results

Dean Best | 19 Nov 2012

Belgian food group PinguinLutosa has reported a profit for the first half of its current financial year as it prepares for business without potato division Lutosa.

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

Michelle Russell | 12 Nov 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.

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

Dean Best | 12 Nov 2012

In a week of trading updates and financial results, we spoke to Associated British Foods finance chief John Bason about the UK group's grocery business, heard how retailer Morrisons plans to revitalise its sales and why Mondelez International CEO Irene Rosenfeld believes its operations in Brazil and Russia can bounce back after a challenging quarter.

PinguinLutosa boss pragmatic about Lutosa sale

Dean Best | 5 Nov 2012

PinguinLutosa COO Herwig Dejonghe has admitted he did not see why the company had to sell potato business Lutosa to McCain Foods - but has expressed confidence about the European food group's future.

just-food SIAL 2012 Diary - 24 October

Michelle Russell | 24 Oct 2012

As SIAL enters into its fourth day in Paris, just-food brings you a few highlights of what you can expect from the event attending by companies and executives from across the food manufacturing and retailing sectors.

McCain to buy PinguinLutosa potato unit

Michelle Russell | 19 Oct 2012

McCain Foods has signed a deal to buy the potato division of Belgian vegetable supplier PinguinLutosa.

Sara Lee exec Vaesen named PinguinLutosa CEO

Dean Best | 10 Oct 2012

Former Sara Lee executive Marleen Vaesen will become chief executive of Belgium-based produce group PinguinLutosa.

PinguinLutosa receives bids for potato unit

Michelle Russell | 4 Sep 2012

Belgian vegetable supplier PinguinLutosa has received takeover offers for its potato division.

Tesco "closing gap with rivals" - Kantar

Dean Best | 14 Aug 2012

Tesco is starting to regain ground on its rivals in the UK, industry analysts Kantar Worldpanel claimed today (14 August) as they issued their latest sales data on the country's grocery sector.

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

Michelle Russell | 6 Aug 2012

Much of the talk for manufacturers on the release of their first-half and second-quarter results last week was focused on weakness in Europe and the knock-on effect from the impact of the US drought on corn prices. Elsewhere, Haribo said it would not appeal a decision by Germany's competition watchdog over a fine for sharing sales information with rivals, and the CEO of Fresh Del Monte insisted the company is looking at building a business that focuses not just on produce and not just on the developed markets of the West.

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

Dean Best | 6 Aug 2012

Concerns over commodity costs, particularly corn, continued last week, with the US meat sector calling for government help. Meanwhile, the first-half results continued to roll in, with Kellogg claiming it is making good progress in Europe after a challenging few months. Elsewhere, we looked at Fresh Del Monte's plans to diversify its operations and published our latest briefing on how manufacturers and retailers are using social media.

PinguinLutosa to scrutinise UK costs

Michelle Russell | 30 Jul 2012

Vegetable supplier PinguinLutosa is looking to bring its production costs in the UK in line with those from its operations in Europe

M&A boosts PinguinLutosa Q1 sales

Dean Best | 26 Jul 2012

Two significant acquisitions in the last year boosted first-quarter sales at Belgium-based frozen and canned food group PinguinLutosa.

PinguinLutosa records FY net loss

Michelle Russell | 16 May 2012

Leading European vegetable processor PinguinLutosa has booked a full-year net loss on the back of one-off costs and sales declines in its frozen vegetable division.

PinguinLutosa reports higher Q3 sales

Dean Best | 28 Oct 2011

Belgian food group PinguinLutosa has reported an increase in sales over the first nine months of 2011, boosted by recent acquisitions.

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