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Orkla sales grow, EBITA downNORWAY: Orkla Q4 earnings slip despite sales gain

11 February 2014

Nordic consumer goods company Orkla has booked a drop in fourth-quarter operating profit, despite an improved top-line performance.

NORWAY: Rieber acquisition drives Orkla Q3 growth

30 October 2013

Nordic food group Orkla has said third-quarter sales and profit growth was driven by its recent acquisition of Rieber & Son.

The week ahead - US retail conference; Kellogg, Kraft Q1s

29 April 2013

Wal-Mart, Kroger and Supervalu are among the US retailers presenting at a Barclays sector conference next week. The first-quarter results will continue to roll in, with Kellogg, Kraft Foods Group and Canadian retailer Loblaw part of a group of companies to publish numbers.

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.

NORWAY: Rieber & Søn sells fried onion unit to Top Taste

4 December 2012

Norwegian food group Rieber & Søn has sold its "under-performing" crispy fried onions business in the Netherlands to local firm Top Taste Holding.

NORWAY: Costs hit Rieber & Søn Q3 profit

25 October 2012

Norwegian food group Rieber & Søn has booked a drop in third-quarter profits, hit by one-off costs.

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

24 August 2012

Europe's food sector saw its latest piece of consolidation this week with Orkla's bid to buy Nordic rival Rieber & Son. Elsewhere, US food group Hain Celestial continued its UK expansion with its deal to acquire brands from Premier Foods. Tesco grabbed the headlines with its U-turn on nutrition labels and we had a run of retail results from grocers including Ahold, Delhaize and Russia's X5 Retail Group.

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

24 August 2012

M&A was certainly on the agenda this week as Norwegian conglomerate Orkla announced a deal to buy local food group Rieber & Søn. In addition, Hain Celestial purchased Premier Foods plc's spreads asset, and Greencore acquired the UK own-label chilled ready meals unit of Hain. Here is a selection of quotes from this week's news.

In the spotlight: Orkla praised for Rieber deal despite high price

22 August 2012

Orkla, the Norwegian conglomerate with interests in aluminium and finance as well as pizza and chocolate, wants to focus on consumer goods. This week, Orkla agreed to buy local food group Rieber & Son and, although analysts expressed misgivings at the price it paid, they believe it is a sensible move from the company. Dean Best reports.

UPDATE: NORWAY: Orkla CEO champions Rieber & Son "strength"

20 August 2012

Orkla CEO Åge Korsvold today (20 August) defended Rieber & Søn's recent performance as the Norwegian conglomerate announced a deal to buy the local food group, which has had a challenging 18 months.

NORWAY: FMCG-hungry Orkla to buy rival Rieber & Son

20 August 2012

Norwegian conglomerate Orkla, which is reshaping its business to focus on consumer goods, is to buy local food group Rieber & Søn.

NORWAY: European slowdown hits Rieber & Son

12 July 2012

Norwegian food manufacturer Rieber & Søn today (12 July) reported lower half-year sales and profits, blaming low consumer confidence in Europe.

NORWAY: Rieber & Son reports mixed Q1 results

26 April 2012

Norwegian food group Rieber & Søn has reported mixed first-quarter results, with restructuring costs hitting its net and operating profit but EBITDA increasing.

NORWAY: Rieber & Son acquires pancake batter firm United Pancakes

18 April 2012

Norwegian food group Rieber & Søn has snapped up United Pancakes, a company that manufactures batter for pancakes and waffles.

NORWAY: Rieber & Son acquires Taste of India's Saritas

16 February 2012

Norwegian food group Rieber & Søn is to acquire the Saritas ready-meal brand from local ethnic food firm Taste of India.

BRAZIL: Acquisitive Frutarom buys flavours firm Mylner

7 February 2012

Frutarom is set to make its third acquisition of 2012 after signing a deal to buy Brazilian flavours firm Mylner.

NORWAY: Staff costs hit Rieber & Son FY profits

2 February 2012

Norwegian food group Rieber & Søn has posted a drop in full-year profits, hurt by a one-off cost related to job cuts during the year.

NORWAY: Rieber & Son promotes Mohn to CEO

2 February 2012

Norwegian food group Rieber & Søn has named supply chain director Frank Mohn as its new CEO.

NORWAY: Rieber & Son CEO Andersson to leave

23 November 2011

The CEO of Rieber & Søn has announced he will leave the Norway-based food maker because of family pressures, it was announced today (23 November).

NORWAY: Rieber & Son issues profit warning

25 October 2011

Norwegian food manufacturer Rieber & Søn today (25 October) admitted that it was "very likely" the company would miss its profits targets this year after a fall in third-quarter earnings.

US/ISRAEL: Frutarom acquires Flavor Systems International

13 September 2011

Frutarom, the Israeli flavours and ingredients company, is set to buy US-based Flavor Systems International.

NORWAY: Rieber & Son cuts FY earnings forecast

11 August 2011

Norwegian food group Rieber & Søn has reduced its full-year earnings forecast, pointing to "weak" sales in the first half of 2011.

NORWAY: Weaker sales, input costs to hit profits, say Rieber & Søn

16 June 2011

Norwegian food group Rieber & Søn is lowering its earnings per share target as the company has been hit by lower sales and higher commodity costs.

NORWAY: Rieber & Søn to buy Lierne Bakery

26 May 2011

Norwegian food group Rieber & Søn is to buy local caker maker Lierne Bakery in a deal that could be worth up to NOK132.7m.

ISRAEL: Acquisitions, global recovery buoy Frutarom in Q1

24 May 2011

Recent acquisitions and a recovering global economy have boosted first-quarter sales and profits at Frutarom, the food ingredients maker.

NORWAY: Rieber & Son Q1 profit plunges

5 May 2011

Nordic food group Rieber & Son said today (5 May) that profits for its first quarter more than halved as a decline in the general market, disposals and this year's late Easter hit sales.

ISRAEL: Frutarom 2010 profits rise as Asia drives sales

24 March 2011

Food ingredients maker Frutarom today (24 March) booked "record" annual profits for 2010 amid rising sales, notably in Asia and the Far East.

NORWAY: Rieber & Son profits climb in 2010

27 January 2011

Norwegian food company Rieber & Søn has booked an increase in profits for 2010 and said it remains "optimistic" about the year ahead.

ISRAEL: Frutarom to acquire Rieber & Son spice arm

4 January 2011

Food ingredients group Frutarom is to purchase a Scandinavian industrial spices savoury business from Norwegian manufacturer Rieber & Son.

The just-food management briefing - M&A in 2010 - a year in review

20 December 2010

Kraft Foods' move to buy Cadbury in January failed to spark a burst of M&A activity in the food industry, as economic conditions continued to dampen attitude to risk. As the year progressed, however, and confidence returned, the pace of acquisitions picked up. But as Dean Best reports, the nature and rationale behind the deals has altered significantly.

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