Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolida...
There has been more consolidation in the US food industry, with another big player largely focused on stagnant categories moving for a busin...
Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.
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.
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.
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.
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.
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.
Pinnacle Foods is looking at plans for a US manufacturing facility for recently-acquired Canadian meat-free business Gardein.
Garden Protein, Pinnacle Foods' US-based meat-free business, has launched a range of on-the-go products in Canada.
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.
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.
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 has booked higher third-quarter earnings thanks to an improved operating performance and termination fees associated with its failed merger with Hillshire Brands.
PepsiCo has insisted a lawsuit over the Aunt Jemima brand seeking US$2bn in royalties is "without merit".
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.
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