Podravka has named Marin Pucar, a former executive at the Croatia-based food group, to the role of president of its management board.
Podravka, the Croatia-based consumer goods group, had revealed an aim to "double" its revenue by 2021 as it booked higher sales and earnings for 2016.
Croatia-based food group Podravka has opened a factory in Tanzania, its first plant in Africa.
Podravka, the Croatian food and pharma company, has seen sales grow in the first nine months of the year, lifted by its food business.
Croatian food and pharmaceuticals company Podravka has said its newly-launched Food Solution division is to target new international business and "make a breakthrough" in the horeca channel.
The Croatian government has deemed its stakes in eight domestic companies, including food group Podravka, as no longer strategic to the country.
Croatia-based Podravka Group said first-quarter sales grew by almost one-third thanks to its acquisition of Slovenia's Žito.
Croatia-based food-to-pharma group Podravka has reported a near-8% rise in sales for 2015, with its food division, including the newly-acquired Slovenian pasta-to-confectionery group Zito, offsetting lower sales in pharmaceuticals.
Podravka, the Croatia-based food-to-pharma company booked a 60% jump in net profit for the first nine months of the year thanks to increased sales and the lapping of one-time expenses that hampered profits at its food business last year.
Croatia-based food group Podravka has announced plans to buy up the remaining shares in Slovenian pasta-to-confectionery group Zito, only six months after striking a deal to buy a 51% majority stake in the company.
The EUR2.6bn sale of European frozen food giant and Birds Eye owner Iglo Group grabbed the headlines this week - and we looked at where the new owners - Nomad Holdings - could look next. Blue Bell Creameries, the US ice cream maker linked to a fatal listeria outbreak, was in the spotlight for very different reasons, pulling all its products from the market after fresh tests.
Croatia-based food group Podravka has struck a deal to buy over 51% of Slovenian confectionery-to-pasta firm Zito for EUR33m.
This week, bakery business Aryzta announced it was in talks to invest in French frozen food retailer Picard while the M&A rumour mill span with reports Mondelez International is considering selling its rights to the Philadelphia brand. Elsewhere, The Real Good Food Co. said it was exploring options for its under-performing sugar business Napier Brown.
The consortium of investors looking to sell a majority stake in Slovenian food group Zito is still in talks with two bidders, one of the shareholders told just-food today (30 March).
Croatia-based food group Podravka is reportedly set to acquire control of Zito, Slovenia's largest food manufacturer, in a deal said to be worth EUR60-65m.
This week, Kerry Group CEO Stan McCarthy advised the market to expect a number of M&A deals from the Irish group in 2015. We caught up with the CEO of Australian dairy Bega Cheese, who talked about last year's much talked about takeover battle for Warrnambool Cheese and Butter Factory. Elsewhere, Podravka and Billy Sims China-Food Group advised of developments in China, and Mondelez International announced the closure of a plant in Ireland.
Croatian food-to-pharma group Podravka is looking to start selling products in China through new local offices by the third quarter of the year.
Croatian food-to-pharma group Podravka has reported a jump in annual profits despite a fall in sales from its food and drinks division.
Croatia-based food group Podravka has opened an office in Dubai to manage its operations in the Middle East and north Africa.
Croatia-based food group Podravka has reportedly tabled an offer for Slovenian peer Zito, a majority stake in which is up for sale.
Three companies bidding for Slovenian food producer Zito have been invited to perform due diligence, according to local newspaper Delo Daily.
UK dairy co-operative First Milk was this week forced to come out and calm fears over its financial position after announcing it would delay payments to farmers. Staying in the UK, Morrisons announced chief executive Dalton Philips would leave as the UK grocer battles to reignite sales. And Brazil-based food giant Marfrig revealed its CEO had resigned from the business.
Croatia-based food group Podravka is looking at acquisitions as part of plans to generate two-thirds of its sales from international markets.
Croatia-based food group Podravka is to shut a plant in Poland.
Croatian food firm Franck is reported to be the latest bidder for Slovenian food company Zito.
Podravka Group, the Croatian food-to-pharma company, is increasing its focus on international expansion to offset soft consumption at home.
Croatian food processor Podravka has tabled a bid to take full-control of fish company Mirna.
Croatia-based food group Podravka has sought to calm local reports it is set to buy ice cream business Ledo from local peer Agrokor.
Moves from Croatia-based consumer goods group Podravka to restructure its food business have weighed on half-year profits.
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