Sara Lee Corp.
ConAgra Foods announced that it will sell off its loss-making private label business yesterday (30 June) in a move that, the company said, w...
The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar f...
With the bidding war for Hillshire Brands intensifying, it is pertinent to point out just how correct Sara Lee's management - and those on Wall Street that supported the split - were about the shareholder benefits of separating the old business.
The hunter became the hunted yesterday (27 May) as Pilgrim's Pride made a hostile bid for Hillshire Brands. The news comes just days after Hillshire announced its own plans to acquire a third US food group, Pinnacle Foods. Pilgrim's play for the maker of Jimmy Dean sausages leaves that deal looking shaky and has set the market alight with rumours that further takeover bids for Hillshire could follow. Katy Askew reports.
In the US, a market where volume sales have been and remain under pressure, it has been expected in certain quarters that boardrooms would increasingly run the rule over potential acquisitions. Hillshire Brands executives have moved again - this time with a major deal for Pinnacle Foods.
Flowers Foods, the second-largest bakery group in the US, has been an active consolidator in the industry and the group remains on the hunt. Flowers plans to drive continued growth while also expanding its geographic footprint, with a significant proportion of revenue gains to come from M&A. Katy Askew reports.
European food group PinguinLutosa has undergone a period of significant change in recent years, with two notable acquisitions. And that transformation has continued but this time with a deal to sell one part of its business, Lutosa, to McCain Foods. COO Herwig Dejonghe speaks to just-food about the changes and his thoughts for the future of the frozen and canned food group.
Responding to the ever-growing demand for organic foods, former Procter & Gamble and Pepsi USA executive Tom Morrison recently launched Organic Alliance, a company that sources organic produce and sells it on to large food companies and retailers. In this month’s Just the Answer interview Morrison, now CEO of Organic Alliance, spoke to Katy Humphries about the company, its vision and strategy.
Sara Lee has launched a range of single-serve desserts in the Australia market.
Vion Food Group has announced the appointment of Douwe Egberts Master Blenders chief Michiel Herkemij to the post of CEO.
Irish dairy and ingredients group Glanbia has appointed former Sara Lee executive Mark Garvey to the role of finance chief.
US baker Flowers Foods recorded an increase in earnings in the first quarter driven by gains from a recent acquisition.
US food group Hillshire Brands has added to its Sara Lee dessert line with the launch of two products.
US agribusiness giant Cargill has appointed former Sara Lee chief executive, Marcel Smits, as its CFO.
US baker Flowers Foods said its sales are up year-to-date and that the company is "well-positioned" for accelerated growth in 2013.
US baker Flowers Foods has purchased the royalty-free licenses to use the Sara Lee and Earthgrains brands in California from Groupo Bimbo.
US ggroup Hillshire Brands plans to accelerate the growth of its core brands through higher investment in innovation and marketing.
Allen Shiver, president of US baker Flowers Foods, has been named the company's new CEO.
US spreads-to-coffee group JM Smucker has booked an increase in third-quarter profits, boosted by lower commodity costs, and the impact of its recently-acquired Sara Lee coffee business.
US baker Flowers Foods has delayed issuing guidance for 2013 until the outcome of its attempt to buy various assets, including bread operations from Hostess Brands, is clear.
Hillshire Brands has announced that Brian Davison has joined the company from Kraft Foods as VP of corporate strategy and development.
Hillshire Brands has agreed to sell its Australia and New Zealand bakery business, Kitchens of Sara Lee, to McCain Foods.
US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year.
JM Smucker has booked an increase in second-quarter earnings and raised its outlook for the full-year.
US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains.
Following the news last week that Premier plc sold its sweet pickles and table sauces business to Mizkan, just-food caught up with the Japanese firm's Euro-Americas president Craig Smith to discuss its plans for the brand. Elsewhere, word reached UK shores of the devastation Hurricane Sandy has left on the east cost of the US. Mondelez revealed an R&D site in New Jersey was still closed yesterday in the wake of the super storm. Elsewhere, the debate over the implementation of fat taxes continued.
Grupo Bimbo saw its third-quarter earnings tumble 82% after it incurred a jump in pension costs and charges from the integration of the Sara Lee business the bakery giant acquired in North America.
Flowers Foods has acquired the licence to the Earthgrains and Sara Lee brands in California from Grupo Bimbo.
Former Sara Lee executive Marleen Vaesen will become chief executive of Belgium-based produce group PinguinLutosa.
Hillshire Brands has outlined further details of the its three-year "strategic plan" for generating profitable growth following its spin-off from Sara Lee earlier this year.
Sara Lee Corporation - Mergers & Acquisitions (M&A), Partner
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Sara Lee/DE NV in Consumer Foodservice (Netherlands)
Sara Lee will continue to use franchising to expand its Douwe Egberts specialist coffee shops chain in the Netherlands, focusing on prime urban centre locations in cities with a minimum of 250,000 res...
Grupo Bimbo, S.A.B. de C.V. (BIMBOA) - Financial and Strateg
Grupo Bimbo, S.A.B. de C.V. (Grupo Bimbo) is a provider of bakery products....
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