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Post has used acquisitions to extend beyond breakfast cerealjust the facts - Post Holdings' M&A spree

17 April 2014

It is two years since US food group Ralcorp Holdings spun off branded breakfast cereal maker Post Holdings. And the Grape Nuts owner has, through a number of acquisitions, rapidly built a broader business designed to diversify away from a cereal market in the doldrums. just-food runs through the deals.

US: Own label propels ConAgra 9m sales

20 March 2014

A surge in own label sales more than offset softness in the consumer brands business of ConAgra Foods.

Comment: Challenges ahead as ConAgra goes on to the front foot

20 February 2014

After two profit warnings in five months, ConAgra Foods boss Gary Rodkin was correct to use the CAGNY conference this week to front up about the problems at the US food group - and to try to demonstrate the company can rectify them. Some of these challenges are likely to only be short term. However, ConAgra may face more work with its consumer foods and integration of Ralcorp.

Editor's viewpoint: US consumer chill lingers

17 February 2014

Read the financial statements and listen to the conference calls from US food manufacturers in recent days and it is clear: companies operating there are still facing tough conditions and cautious consumers.

US: ConAgra cuts profit forecast again

11 February 2014

Shares in ConAgra Foods plunged more than 7% today (11 February) as the US food giant company announced it was lowering its forecast for annual earnings for the second time.

US: ConAgra profits down amid brand challenges

19 September 2013

ConAgra Foods today (19 September) confirmed the fall in first-quarter earnings it flagged last week, which prompted a profit warning for the year.

US: ConAgra shares up after FYs, improved forecasts

27 June 2013

Shares in ConAgra Foods jumped today (27 June) after the US food group booked higher annual sales and profits and lifted its long-term growth targets.

The week ahead: General Mills, ConAgra FYs; Hormel investor day

24 June 2013

US food groups General Mills and ConAgra Foods report their annual results next week. Meanwhile, US peer Hormel Foods holds its annual investor day.

Deal or no deal: Del Monte Foods to can consumer business?

21 June 2013

Del Monte Foods is said to be looking to offload its canned food business. Such a deal may not come as a surprise to industry observers given the increasing competition it faces in North America and its focus on pet food but Michelle Russell takes a look at why it might look to divest the unit and who might buy

US: Post Holdings H1 earnings slide

13 May 2013

Post Holdings saw its earnings slide in the first half of the year as the US cereal maker reported higher input costs.

The week ahead - Sainsbury's FY results, Tyson H1, Mondelez Q1

3 May 2013

First-quarter results continue to come in next week, with Cadbury owner Mondelez International among the companies reporting numbers to the end of March. Elsewhere, US meat giant Tyson Foods will file half-year figures and UK grocer Sainsbury's will report annual numbers.

US: Ralcorp hits ConAgra bottom line but core profits up

3 April 2013

Costs related to ConAgra Foods' acquisition of US peer Ralcorp Holdings hit its bottom line in the third quarter of its financial year - although the company insisted underlying profits were up.

just-food confidence survey: M&A appetite grows but will deals be done?

2 April 2013

just-food's industry confidence survey for 2013 indicated an increased appetite for M&A this year after what some saw, globally, as a lacklustre year in the sector for deals. What lies ahead in the mergers and acquisitions arena over the next few months?

CAGNY: Rodkin bullish about prospects for "unique" ConAgra

19 February 2013

ConAgra Foods chief Gary Rodkin today (19 February) insisted the US food group's mix of consumer brands, own label and B2B businesses offered the company "significant growth opportunities".

US: ConAgra ups FY earnings forecast

19 February 2013

US food group ConAgra Foods has lifted its forecast for annual earnings on the back of its acquisition of private-label group Ralcorp Holdings - and "strong contributions" from the rest of its business.

US: Ralcorp to close NY plants

4 January 2013

Ralcorp Holdings, the own-label group soon to be swallowed by ConAgra Foods, has confirmed it will close two manufacturing plants in New York state.

What the analysts say - ConAgra Foods Q2/H1 numbers

21 December 2012

ConAgra Foods yesterday (20 December) booked a jump in first-half profits and raised its full-year earnings forecast. The growth was a result of a series of small acquisitions made by the US group this year. Analysts gave an overall positive reaction to the results but some were cautious about the outlook for the company, particularly around its plan to buy private-label rival Ralcorp Holdings.

US: ConAgra H1 profit climbs, raises FY outlook

20 December 2012

US food group ConAgra Foods has booked an increase in first-half profits and raised its full-year earnings forecast.

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.

In the spotlight: ConAgra's belief in future of US private label

3 December 2012

ConAgra Foods has said it is "excited" about a deal that will mean it becomes the largest private-label group in the US despite concerns over its ability to grow brands and own label, as well as the long-term prospects of store brands in the US.

US: TreeHouse buys Associated Milk Producers own-label assets

3 December 2012

US private-label group TreeHouse Foods has snapped up cheese and pudding assets owned by dairy co-op Associated Milk Producers.

Editor's choice: the highlights on just-food last week

3 December 2012

ConAgra Foods' deal to buy US private-label group Ralcorp Holdings last week added some spice to a pedestrian year for M&A. Staying with acquisitions in the US, Hostess Brands said it had received more than 100 bids for its assets. In Europe, Dutch retailer Ahold said it would up its cost cuts, with a focus on sourcing and promos. And in the UK, leading grocers signed up to a new code of special offers.

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

3 December 2012

Last week, just-food spoke with ConAgra's president of sales Doug Knudsen in the wake of the company's deal to acquire Ralcorp. Other deals this week have included the purchase of Metro Group's eastern European operations by Auchan, while Ahold outlined progress on its "six strategic pillars" strategy at its Capital Markets day in the US.

US: Branded cereal firm Post to launch own-label lines

30 November 2012

US branded cereal business Post Holdings has revealed it is developing own-label lines.

US: Q4 sales boost fails to help FY profits at cereal firm Post

29 November 2012

An increase in fourth-quarter sales did not stop US cereal group Post Holdings reported a fall in underlying annual profits as costs ate into its bottom line.

Interview: ConAgra sales chief Knudsen on Ralcorp deal

28 November 2012

ConAgra Foods will become the largest own-label firm in the US with an acquisition of Ralcorp Holdings but there are concerns over whether it can manage brands and private label. There are also questions over the potential private label has for further growth in the US. Doug Knudsen, president of sales at ConAgra, tells Dean Best why the company is upbeat about the deal, its ability to grow brands and own label and the private label sector.

UPDATE: US: ConAgra CEO Rodkin touts benefits of Ralcorp deal

27 November 2012

ConAgra Foods CEO Gary Rodkin today (27 November) claimed the US food group's planned acquisition of private-label rival Ralcorp Holdings will put the company "front-of-centre" with retailers in North America.

US: ConAgra to buy long-time target Ralcorp Holdings

27 November 2012

ConAgra Foods has swooped to buy US own-label group Ralcorp Holdings, a business that rejected a number of takeover bids from the company last year.

Timeline: The story of ConAgra's pursuit of Ralcorp

27 November 2012

This morning (27 November) saw the announcement that ConAgra Foods finally acquired US own-label group Ralcorp Holdings, a business that rejected a number of takeover bids from the company last year.

just the facts - ConAgra Foods and Ralcorp

27 November 2012

ConAgra Foods this morning (27 November) announced it has swooped to buy US own-label group Ralcorp Holdings, a business that rejected a number of takeover bids from the company last year.

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