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Findus has added to European business with Lutosa dealBELGIUM: Findus buys Lutosa retail business

27 February 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.

BELGIUM: Forex weighs on Greenyard Foods sales

31 January 2014

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

BELGIUM: New-look Greenyard Foods books underlying H1 loss

22 November 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.

GERMANY: Greenyard eyes efficiency with KTG Agrar tie-up

27 September 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.

BELGIUM: Underlying sales up at Greenyard Foods

25 July 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.

BELGIUM: PinguinLutosa rebrands to Greenyard Foods

7 June 2013

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

EU: McCain to sell Lutosa assets in Europe to gain EU deal approval

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.

BELGIUM: PinguinLutosa returns to profit in FY

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.

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

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.

BELGIUM: PinguinLutosa nine-month sales boosted by acquisitions

28 January 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.

just-food review of 2012: M&A revival but caution hinders big deals

19 December 2012

There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. However, a look at just-food's M&A coverage this year shows there have been few big-ticket, transformational deals.

BELGIUM: Acquisitions boost PinguinLutosa in transitional results

19 November 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

12 November 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: the highlights on just-food last week

12 November 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.

GLOBAL: PinguinLutosa boss pragmatic about Lutosa sale

5 November 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 the answer - PinguinLutosa COO Herwig Dejonghe

5 November 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.

just-food SIAL 2012 Diary - 24 October

24 October 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.

CANADA/BELGIUM: McCain to buy PinguinLutosa potato unit

19 October 2012

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

BELGIUM: Sara Lee exec Vaesen named PinguinLutosa CEO

10 October 2012

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

BELGIUM: PinguinLutosa receives bids for potato unit

4 September 2012

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

UK: Tesco "closing gap with rivals" - Kantar

14 August 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

6 August 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: the highlights on just-food last week

6 August 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.

BELGIUM/UK: PinguinLutosa to scrutinise UK costs

30 July 2012

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

BELGIUM: M&A boosts PinguinLutosa Q1 sales

26 July 2012

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

BELGIUM: PinguinLutosa records FY net loss

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.

BELGIUM: PinguinLutosa reports higher Q3 sales

28 October 2011

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

BELGIUM: High material prices hit PinguinLutosa's H1 results

19 August 2011

Belgian frozen food group PinguinLutosa has blamed high raw material prices on its disappointing first half results.

BELGIUM: Acquisitions prompt PinguinLutosa revamp

20 July 2011

Belgium-based frozen foods group PinguinLutosa has shaken up its senior management to a run a business expanded by acquisitions.

BELGIUM: Potato price hike boosts PinguinLutosa Q1 sales

27 April 2011

Belgium-based frozen foods group PinguinLutosa has posted a rise in first-quarter sales as the company succeeded in passing on higher potato prices.

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