R&R Ice Cream
M&A levels remained relatively subdued in 2013. Growing private-equity interest and something of a shift in capital flows to mature markets have been significant trends shaping the M&A landscape. While gaining routes-to-market in emerging economies has remained key for strategic buyers. Katy Askew examines some of the stand-out deals of the past 12 months.
There may be caution over the prospect for blockbuster deals in a dilapidated economic environment, but the food sector mergers and acquisitions table still has plenty to whet the appetite.
It's likely Carrefour CEO Lars Olofsson will be a little apprehensive as he heads off for work tomorrow (21 June).
Nestle's local business model enables it to weather challenges presented by events such as Brexit or the Russian trade embargo, Luis Cantarell, the head of the group's operations across Europe, the Middle East and north Africa, tells just-food. However, following a period of portfolio pruning, the Swiss company must also actively manage its global businesses to focus on areas of growth, Cantarell reveals.
In the second section of a two-part interview, R&R Ice Cream CEO Ibrahim Najafi speaks to Dean Best about how the UK-based company is navigating the challenges in its domestic - and still largest - market.
The Competition Commission of South Africa has approved without conditions the proposed launch of an ice cream joint venture in the country – Froneri – by Nestle and R&R Ice Cream.
R&R Ice Cream has named former PepsiCo and Reckitt Benckiser executive Daniel Martinez as the new CFO of the UK-based business.
R&R Ice Cream has reported a fall in underlying first-quarter sales, with the UK-based business pointing to a sluggish domestic market and its exit from less profitable contracts in Germany.
Nestle and R&R Ice Cream today (27 April) announced the formation of Froneri, an ice cream joint venture operating in over 20 countries.
R&R Ice Cream, the UK-based company that manufactures ice cream lines for Nestle and Mondelez International, saw sales and profits rise in 2015, boosted by organic growth and contributions from acquired assets.
R&R Ice Cream, the UK-based ice cream maker, has reported higher sales and earnings for the first nine months of the year, helped by last year's acquisition of Australia's Peters Food Group.
Nestle's "advanced" talks to put the bulk of its ice cream business into a venture with the UK's R&R Ice Cream was the week's stand-out M&A story, while regulatory developments - the TPP trade deal, food safety rules in China and US dietary guidelines - caught the eye elsewhere.
Nestle and R&R Ice Cream confirmed that they are in joint venture talks, a tie up that could reshape the global ice cream sector. Meanwhile the historic Trans-Pacific Partnership was signed - to mixed reactions from the food sector. Here are just-food's quotes of the week.
Nestle and R&R Ice Cream today (5 October) confirmed they are in talks over a possible international frozen food and ice cream venture.
Nestle decided to quit the ice cream sector in South Africa as its business - which the food group has agreed to sell to UK-based R&R Ice Cream - was not "sustainable".
We spoke to Quorn Foods CEO Kevin Brennan this week to discuss the takeover talk surrounding the UK meat-free business and his plans for 2015. Elsewhere, Russia admitted it could ease its ban on food imports from the EU, while it was revealed in New Zealand there had been threats to poison infant formula.
Quorn Foods was in the M&A spotlight this week with speculation WhiteWave Foods had held talks to buy the meat-free business. We spoke to Quorn CEO Kevin Brennan to find out more. Elsewhere, Nestle sold its South African ice cream assets to R&R Ice Cream, while in New Zealand, dairy groups moved to reassure consumers their infant formula products were safe following poison threats. In the US, shares in some poultry firms including Tyson Foods and Sanderson Farms plunged after reports of suspected bird flu on an Arkansas farm.
R&R Ice Cream has struck a deal to buy Nestle's ice cream operations in South Africa, the UK-based firm's latest move to broaden its business outside Europe.
Campbell Soup Co., ConAgra Foods and Kellogg all indicated they are finding the going tough in the US this week with cuts to financial forecasts. Away from the results, however, it was global rice supplier Amira Nature Foods that grabbed the headlines after being accused of corruption.
R&R Ice Cream and Mondelez International have taken the snacks group's confectionery brand Cadbury Marvellous Creations into the ice cream category in the UK.
R&R Ice Cream is to roll out a slew of new lines in the UK, including products that see certain Nestle and Cadbury confectionery brands enter the category for the first time.
R&R Ice Cream is developing a new ice cream range with Tesco after the UK retailer delisted Chokablok ice cream, the brand the two companies had created three years ago.
Burton's Biscuit Co. has announced the appointment James Lambert as chairman of the company.
US meats group Hillshire Brands has this week turned from hunter to hunted. With its offer for Pinnacle Foods on the table, the Jimmy Dean sausages maker is the subject of two takeover bids from JBS-backed Pilgrim's Pride and then Tyson Foods, looking to boost their meat empires with higher-margin products. Elsewhere, Sweden-based confectioner Cloetta snapped up Ireland's The Jelly Bean Factory, Nestle and Fonterra revamped their venture in South America and R&R Ice Cream bought Australia's Peters Food Group.
Hitting headlines this week was the bidding war for Hillshire Brands which saw Tyson Foods and Pilgrim's Pride both go head to head. Elsewhere, Peters Food Group was acquired by R&R Ice Cream, while Nestle and Fonterra issued a statement saying they were scaling back their Latin American partnership. Also this week, Synlait Milk announced it was revising its 2014 earnings outlook and Danish Crown announced 190 jobs would go as it chose to close its Bornholm slaughterhouse.
European private-label ice cream manufacturer R&R Ice Cream has acquired Australian consumer business Peters Food Group for an undisclosed sum.
Police are investigating the recall of Tesco own-label ice cream cones in the UK after painkiller tablets were found in the products.
2013 was a bumper year for senior executive interviews on just-food and your top ten most-read pieces included our meetings with the CEOs of Nestle, Unilever and Greencore.
The horsemeat scandal, the fixing of infant formula prices in China, Fonterra's botulism scare and the UK's push towards "hybrid" nutrition labels were among the news stories that grabbed your attention in 2013.
- What post-Brexit trade with the EU could look like
- Nestle catering for an ageing global population
- Mondelez on China, Hershey and Q2 results
- Unilever is "working harder" in tough environment
- Food companies can lead on workplace nutrition
- Kar's gets Non-GMO verification for Second Nature
- Kerry Foods sets its sights on C-sector
- Tesco drops John West products over sustainability
- Mondelez less certain on 2016 revenue growth
- Brexit - UK food sector pessimistic on medium-term