11 February 2014
Nordic consumer goods company Orkla has booked a drop in fourth-quarter operating profit, despite an improved top-line performance.
30 October 2013
Nordic food group Orkla has said third-quarter sales and profit growth was driven by its recent acquisition of Rieber & Son.
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.
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.
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.
25 October 2012
Norwegian food group Rieber & Søn has booked a drop in third-quarter profits, hit by one-off costs.
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.
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.
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.
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.
20 August 2012
Norwegian conglomerate Orkla, which is reshaping its business to focus on consumer goods, is to buy local food group Rieber & Søn.
12 July 2012
Norwegian food manufacturer Rieber & Søn today (12 July) reported lower half-year sales and profits, blaming low consumer confidence in Europe.
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.
18 April 2012
Norwegian food group Rieber & Søn has snapped up United Pancakes, a company that manufactures batter for pancakes and waffles.
16 February 2012
Norwegian food group Rieber & Søn is to acquire the Saritas ready-meal brand from local ethnic food firm Taste of India.
7 February 2012
Frutarom is set to make its third acquisition of 2012 after signing a deal to buy Brazilian flavours firm Mylner.
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.
2 February 2012
Norwegian food group Rieber & Søn has named supply chain director Frank Mohn as its new CEO.
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).
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.
13 September 2011
Frutarom, the Israeli flavours and ingredients company, is set to buy US-based Flavor Systems International.
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.
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.
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.
24 May 2011
Recent acquisitions and a recovering global economy have boosted first-quarter sales and profits at Frutarom, the food ingredients maker.
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.
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.
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.
4 January 2011
Food ingredients group Frutarom is to purchase a Scandinavian industrial spices savoury business from Norwegian manufacturer Rieber & Son.
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.