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...
| 29 May 2014
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.
| 28 May 2014
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.
| 12 May 2014
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.
| 25 Mar 2014
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.
| 5 Nov 2012
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.
| 26 Jun 2008
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.
| 30 Jan 2015
Sara Lee has launched a range of single-serve desserts in the Australia market.
| 18 Dec 2013
Vion Food Group has announced the appointment of Douwe Egberts Master Blenders chief Michiel Herkemij to the post of CEO.
| 12 Nov 2013
Irish dairy and ingredients group Glanbia has appointed former Sara Lee executive Mark Garvey to the role of finance chief.
| 16 May 2013
US baker Flowers Foods recorded an increase in earnings in the first quarter driven by gains from a recent acquisition.
| 24 Apr 2013
US food group Hillshire Brands has added to its Sara Lee dessert line with the launch of two products.
| 2 Apr 2013
US agribusiness giant Cargill has appointed former Sara Lee chief executive, Marcel Smits, as its CFO.
| 21 Mar 2013
US baker Flowers Foods said its sales are up year-to-date and that the company is "well-positioned" for accelerated growth in 2013.
| 27 Feb 2013
US baker Flowers Foods has purchased the royalty-free licenses to use the Sara Lee and Earthgrains brands in California from Groupo Bimbo.
| 21 Feb 2013
US ggroup Hillshire Brands plans to accelerate the growth of its core brands through higher investment in innovation and marketing.
| 18 Feb 2013
Allen Shiver, president of US baker Flowers Foods, has been named the company's new CEO.
| 15 Feb 2013
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.
| 7 Feb 2013
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.
| 4 Jan 2013
Hillshire Brands has announced that Brian Davison has joined the company from Kraft Foods as VP of corporate strategy and development.
| 19 Dec 2012
Hillshire Brands has agreed to sell its Australia and New Zealand bakery business, Kitchens of Sara Lee, to McCain Foods.
| 27 Nov 2012
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.
| 16 Nov 2012
JM Smucker has booked an increase in second-quarter earnings and raised its outlook for the full-year.
| 9 Nov 2012
US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains.
| 5 Nov 2012
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.
| 30 Oct 2012
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.
| 29 Oct 2012
Flowers Foods has acquired the licence to the Earthgrains and Sara Lee brands in California from Grupo Bimbo.
| 10 Oct 2012
Former Sara Lee executive Marleen Vaesen will become chief executive of Belgium-based produce group PinguinLutosa.
| 6 Sep 2012
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.
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