There has been more consolidation in the US food industry, with another big player largely focused on stagnant categories moving for a busin...
The starting gun on the race for Quorn Foods is to be fired this week and interest in the UK meat-free business is likely to be high....
Within a year of being established, Nomad Foods has made waves in Europe's frozen food sector, snapping up Iglo Group and agreeing a deal for much of Findus Group's assets. The UK-listed company is eyeing opportunities in the US. Stefan Kirk, just-food's M&A columnist and advisor at M&A consultants Glenboden, puts forward some possible targets for Nomad.
Campbell Soup Co. has looked to inject growth into its business through acquisitions in recent years and the indications are this is likely to continue. But where should the US giant look to do deals? Stefan Kirk, just-food M&A columnist and advisor at M&A consultants Glenboden, weighs up the group's options.
Rumours that private equity-owned Quorn Foods could have piqued the interest of the US's WhiteWave Foods caused a stir this week. Neither company was prepared to comment and it may be Quorn's owner Exponent Private Equity has yet to kick off an auction process but, nonetheless, the speculation highlights the potential the meat-free sector could afford branded food manufacturers. Katy Askew examines Quorn's appeal and who could be tempted by this tasty takeover target.
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.
Boulder Brands, the US free-from business recently acquired by Pinnacle Foods, has seen mixed fortunes of late, with its brands delivering a patchy performance. Even with the ink on the Pinnacle deal still drying, the owner of brands including Udi's and Glutino nevertheless has a clear strategy to grow and attract new consumers through innovation and marketing. Katy Askew spoke to Wendy Acheson, Boulder Brands' vice president and general manager of sales, at the Natural Products Expo West trade show in California to find out more.
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.
Pinnacle Foods is closing the US plant where its Evol frozen foods are made, with the loss of around 85 jobs.
Pinnacle Foods has raised its earnings forecast for the year thanks to the "strength of the base business" and the recently-acquired Boulder Brands unit, which the US company said is "tracking ahead of expectations".
Danone's takeover offer for WhiteWave Foods – which received the unanimous backing of the WhiteWave board – is to be probed by lawyers representing WhiteWave investors.
Pinnacle Foods said today (28 April) that it made a "solid" start to fiscal 2016, with sales boosted by the US group's recent acquisition of local peer Boulder Brands.
Pinnacle Foods, the US group behind brands including Duncan Hines and Gardein, has named Mondelez International executive Mark Clouse as its new CEO.
Pinnacle Foods CEO Bob Gamgort plans to leave the Udi's and Gardein owner at the end of April to take over as chief executive at Keurig Green Mountain.
Boulder Brands has added gluten-free enchiladas and a range of lasagnas under its Evol brand in the US.
Annual sales at Pinnacle Foods jumped in 2015 but profits have been hit as the company lapped one-off gains last year.
2015 was another year of insightful interviews with a wide range of senior executives in the international food sector. Here we present the most-read interviews on just-food this year. Click on the headlines for more.
Ahead of the climate talks in Paris, Unilever announced plans to be carbon positive from its operations by 2030. Elsewhere, there was more consolidation in the US food sector, with Pinnacle Foods moving for Boulder Brands. Tyson Foods, Post Holdings and Greencore all had annual results out in the week. Maple Leaf Foods outlined plans to "streamline" its business, which is set to lead to the loss of 400 staff. Here is the week in quotes.
The US food sector saw another major takeover this week with Pinnacle Foods agreeing to pay US$975m for free-from group Boulder Brands. The country could soon see another, with Thai Union Group saying there are "serious" buyers lined up for Chicken of the Sea - a business it is willing to sell to secure another US asset, Bumble Bee Foods. And, ahead of the climate change talks in Paris next week, Unilever announced plans for its operations to be "carbon positive" in 15 years.
Pinnacle Foods has announced a deal to buy fellow US food group Boulder Brands for US$975m.
Pinnacle Foods CEO Bob Gamgort pointed said the US group outperformed the categories in which it operates and grew gross margins in the third quarter, a period when group sales rose but volumes from its larger North America retail division came under pressure.
The World Health Organization's report on the possible links between colorectal cancer and processed and red meats sparked headlines around the world - and fierce debate between industry and health campaigners.
Seven US food and drink companies including Hain Celestial, Hormel Foods, Kraft Heinz Co. and Pinnacle Foods have agreed to publicly reveal how they are assessing and managing the risk that water poses to global food supplies.
Pinnacle Foods is expanding its Birds Eye Vegetables range in the US with the launch of frozen sides featuring Disney characters.
This week, Kellogg announced plans to increase its exposure in Africa through a joint-venture with local player, Tolaram Foods. Elsewhere, Tyson Foods was once again in the spotlight over animal abuse allegations. Nestle lost its battle to trademark its KitKat product in the European Court of Justice Midamar pleaded guilty to allegations it mislabeled products for export as halal.
Pinnacle Foods has selected a location for a plant on the East Coast of the US to make products for meat-free unit Gardein.
US group Pinnacle Foods today (30 July) reported higher first-half sales and profits - and positively narrowed its forecast for annual earnings.
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.
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.
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.
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 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.
- Murray Goulburn's FY results - 7 things to learn
- Interview, part 1: Emmi CEO Urs Riedener
- Why Jet.com purchase could boost Wal-Mart online
- Nestle on China, candy, nutrition - analysis
- England child obesity plan should cheer industry
- Australia launches dairy sector probe
- Mondelez abandons Hershey pursuit
- Arla points to branded growth as group sales slide
- Samworth buys Euphorium bakery in UK
- Tyson faces investor scrutiny on ethical issues