Pinnacle Foods

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Insights

M&A Watch - ConAgra should divest Commercial Foods

The investment in ConAgra's shares by hedge fund Jana Partners has prompted speculation that the group will sell one of its divisions, in or...

Why Quorn is a tasty takeover treat

Rumours that private equity-owned Quorn Foods could have piqued the interest of the US's WhiteWave Foods caused a stir this week. Neither co...


Top 10 on-trend NPD at Natural Products Expo West

Hannah Abdulla | 9 Mar 2015

The Natural Products Expo West has become a key date in the US food industry calendar - and its significance has grown amid changes in consumer demand. Categories like free-from and organic are buoyant in the US and are attracting the attention of mainstream manufacturers searching for growth. In these ever-more competitive categories, innovation is vital and here is just-food's pick of the top ten on-trend products showcased at this year's event.


Comment: Why Gardein is Pinnacle's ideal fodder

Hannah Abdulla | 19 Nov 2014

Pinnacle Foods, owner of Wishbone dressings, has been shopping and has picked out a firm that is going to bulk out its presence in the frozen food aisle and win it brownie points with a heap of consumers.


Focus: Tyson pays the piper to secure Hillshire

Katy Askew | 10 Jun 2014

Tyson Foods has won through in the bidding war to acquire Hillshire Brands with an improved US$63 per share offer for the for the Jimmy Dean maker. But, at 16.7x EBITDA, is the lofty price of US$8.55bn overly inflated? Katy Askew investigates.


Comment: US food sector sees rising valuations

Katy Askew | 2 Jun 2014

The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar for quality businesses in a consolidating sector.

Latest Interviews

just the answer: Gardein founder Yves Potvin

Dean Best | 29 Apr 2015

Canada's Garden Protein International - the company behind the meat-free brand Gardein - has enjoyed rapid growth and is hoping for more of the same under the ownership of US giant Pinnacle Foods, which bought the business last year. Yves Potvin, the founder and president of the Vancouver-based firm, has stayed on with Pinnacle and he spoke to Dean Best about expansion, competition and the outlook for the meat alternatives category.


Interview: Quorn CEO focuses on further growth

Dean Best | 13 Mar 2015

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.

Latest News

Food industry results in brief: Lala, Pinnacle

Katy Askew | 1 May 2015

A busy week for results as the first-quarter reporting season got into full swing. We heard from global food manufacturers as far afield as Latin American and Russia, with the likes of Sigma Alimentos owner Alfa and Cherkizovo Group updating the markets. Here is just-food's weekly financial round up.


Food industry news of the week

Katy Askew | 1 May 2015

Mondelez International reported on its first-quarter results this week (1 May) and the group was eager to emphasise its performance in China, which was stronger than many multinational peers. Nestle is a company facing its own challenges in China and we analysed how the appointment of CFO Wan Ling Martello to head up its Asia unit can boost the group's outlook in the market. Elsewhere, we spoke to Gardein founder and CEO Yves Potvin as well as learning about Muller Wiseman's plans to launch a liquid milk brand in the UK. Here are the highlights from just-food this week.


Food industry quotes of week: Gardein, Mondelez

Hannah Abdulla | 1 May 2015

This week, Mondelez International reported its first-quarter results, with news of a solid performance in China. Elsewhere, Associated British Foods announced the launch of a high-protein bread in New Zealand. Yves Potvin, founder of meat-free brand Gardein, spoke to just-food about its plans under the ownership of Pinnacle Foods. And Kerry Group said moves to reposition its portfolio to focus on snacking trends were paying off. Here is the week in quotes.


Gardein's Yves Potvin on withstanding competition

Dean Best | 30 Apr 2015

Canadian meat-free business Garden Protein International - the company behind the Gardein brand - was snapped up by US group and Birds Eye owner Pinnacle Foods last autumn. Yves Potvin, the founder and president of the Vancouver-based firm spoke to Dean Best for our latest just the answer interview and you can hear an audio excerpt here.


Gardein mulling new plant on US East Coast

Dean Best | 29 Apr 2015

Pinnacle Foods is looking at plans for a US manufacturing facility for recently-acquired Canadian meat-free business Gardein.


Garden Protein launches on-the-go meat-free range

Hannah Abdulla | 25 Feb 2015

Garden Protein, Pinnacle Foods' US-based meat-free business, has launched a range of on-the-go products in Canada.


Pinnacle efficiency helps profits amid flat sales

Dean Best | 24 Feb 2015

US food group Pinnacle Foods saw its sales dip in the fourth quarter of 2014 but lower SG&A costs and productivity gains helped underlying profits.


Food industry quotes of week: BRF, UB, Raisio

Hannah Abdulla | 21 Nov 2014

This week, we published interviews with senior executives from Brazilian food giant BRF as it embarks on international expansion. Elsewhere, staff at United Biscuits' Aintree factory in Liverpool pushed forward with strike action and Finnish group Raisio secured control of Benecol in the UK, Ireland and Belgium.


Pinnacle Foods to buy plant-protein brand Gardein

Hannah Abdulla | 14 Nov 2014

US food group Pinnacle Foods is to buy Canada-based plant-protein firm Garden Protein International for C$175m (US$154.6m), from investment firm TSG Consumer Partners and founder Yves Potvin.


Pinnacle Foods Q3 earnings rise

Katy Askew | 12 Nov 2014

Pinnacle Foods has booked higher third-quarter earnings thanks to an improved operating performance and termination fees associated with its failed merger with Hillshire Brands.


Aunt Jemima lawsuit "without merit", says PepsiCo

Dean Best | 14 Aug 2014

PepsiCo has insisted a lawsuit over the Aunt Jemima brand seeking US$2bn in royalties is "without merit".


Wish-Bone buy boosts Pinnacle

Dean Best | 14 Aug 2014

US food group Pinnacle Foods saw sales and profits rise in the first half of 2014, helped in part by last year's acquisition of salad dressings business Wish-Bone from Unilever.


Hillshire posts strong results ahead of sale

Dean Best | 14 Aug 2014

US food group Hillshire Brands, set to be taken over by meat giant Tyson Foods, has reported a year of increasing sales and profits.


Pinnacle launches Duncan Hines, Wilton cake mix

Hannah Abdulla | 12 Aug 2014

Pinnacle Foods has brought together two US household baking and cake decorating brands for the launch of a home baking kit.


Tyson, Hillshire confirm takeover

Katy Askew | 2 Jul 2014

Tyson Foods and Hillshire Brands today (2 July) entered into a "definitive" agreement that will see the US meat processor acquire the maker of Jimmy Dean sausages for US$8.55bn.


Pinnacle to cut debt with Hillshire break fee

Katy Askew | 1 Jul 2014

Pinnacle Foods plans to use the break-up fee it will receive from the termination of its proposed agreement to be sold to Hillshire Brands to lower its debts.


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

Dean Best | 23 Jun 2014

Trading conditions in the UK and US remain tough and this week two companies - Premier Foods and ConAgra Foods - saw their shares hit after reporting sluggish sales. Elsewhere, the CEOs of the world's largest food manufacturers announced actions they believe will improve consumers' health.


Pinnacle ups R&D capacity to support brands

Katy Askew | 12 Jun 2014

Pinnacle Foods has opened an R&D pilot plant at Rutgers University in a move it said would increase its R&D capacity, improve speed to market and advance its "mission" to "reinvigorate iconic brands".


Tyson unveils US$8.55bn Hillshire deal

Katy Askew | 9 Jun 2014

Tyson Foods has confirmed that, following the conclusion of a competitive bidding process, it has submitted a US$8.55bn binding offer to acquire Hillshire Brands.


Tyson "outbids Pilgrims" in battle for Hillshire

Katy Askew | 9 Jun 2014

Tyson Foods has reportedly raised its bid for Hillshire Brands, outbidding rival Pilgrim's Pride in the battle to take control of the Jimmy Dean maker.


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

Hannah Abdulla | 6 Jun 2014

Several major deals were struck this week including ABF's buy of Dorset Cereals and Cloetta's acquisition of Aran. Pilgrim's Pride upped its bid for Hillshire Brands. Elsewhere Cloetta has been accused of using "sneaky" marketing tactics to sell its sugary Chewits product. Mondelez on the other hand pulled its Bar and a Half product in a bid to reduce per person calorie intake.


Hillshire confirms higher bid from Pilgrim's Pride

Hannah Abdulla | 3 Jun 2014

Hillshire Brands has confirmed Pilgrim's Pride has increased its takeover bid for the US food group.

Latest blogs

Food makers key in cutting meat, dairy consumption and saving planet

Hannah Abdulla | 3 Dec 2014

The meat-free protein sector could be in for a popularity boost as more and more research points to the damaging effect livestock production is having on the environment.


Pinnacle's Birds Eye and Disney team up on healthy eating

Hannah Abdulla | 12 Mar 2014

Pinnacle Foods' Birds Eye brand has teamed up with Disney in the US in a bid to slash obesity rates by getting kids to explore healthier foods.

just-food homepage



Forgot your password?