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Flowers bent on more M&AFocus: M&A remains core for acquisitive Flowers

25 March 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.

NETHERLANDS: Vion names Master Blenders exec CEO

18 December 2013

Vion Food Group has announced the appointment of Douwe Egberts Master Blenders chief Michiel Herkemij to the post of CEO.

IRELAND: Glanbia names ex-Sara Lee exec Garvey FD

12 November 2013

Irish dairy and ingredients group Glanbia has appointed former Sara Lee executive Mark Garvey to the role of finance chief.

Deal or no deal: Unilever's Peperami draws buyer speculation

22 July 2013

Unilever could soon be selling another food brand. The company, which has offloaded a number of food assets in recent years, is understood to be on the look out for a buyer for its Peperami snack brand. While Unilever has declined to comment on the reports, analysts have offered their views as to who might snap up this "animal" of a brand.

The week ahead - Ahold, Tesco & Smucker results; free-from & export events

3 June 2013

Retail majors Ahold and Tesco are preparing to announce first-quarter results, while bakery group Aryzta and US spreads firm JM Smucker look set to detail continued progress in growing profits over the past year. Meanwhile, we can expect free-from to take centre stage in two European trade shows and UK exporters will be discussing opportunities in CEE countries.

On the money: Flowers confident on cakes ahead of Hostess return

17 May 2013

US baker Flowers Foods has said it is "confident" its snack cake business will continue to thrive even as the new-look Hostess Brands returns to the market, with products including Twinkies.

US: Acquisition boosts Flowers Foods Q1

16 May 2013

US baker Flowers Foods recorded an increase in earnings in the first quarter driven by gains from a recent acquisition.

US: Hillshire adds to Sara Lee dessert stable

24 April 2013

US food group Hillshire Brands has added to its Sara Lee dessert line with the launch of two products.

US: Former Sara Lee chief Smits appointed Cargill CFO

2 April 2013

US agribusiness giant Cargill has appointed former Sara Lee chief executive, Marcel Smits, as its CFO.

US: Flowers Foods sales climb, "well-positioned" for growth

21 March 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.

US: Flowers closes Earthgrains, Sara Lee deal

27 February 2013

US baker Flowers Foods has purchased the royalty-free licenses to use the Sara Lee and Earthgrains brands in California from Groupo Bimbo.

CAGNY: Hillshire Brands plans branded push

21 February 2013

US ggroup Hillshire Brands plans to accelerate the growth of its core brands through higher investment in innovation and marketing.

US: Shiver takes CEO role at bakery giant Flowers Foods

18 February 2013

Allen Shiver, president of US baker Flowers Foods, has been named the company's new CEO.

US: JM Smucker Q3 profit climbs

15 February 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.

US: Flowers delays guidance on M&A outcome

7 February 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.

just-food's outlook for 2013: Mega deals unlikely as consolidation continues

31 January 2013

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.

US: Hillshire Brands poaches Kraft exec for strategy VP role

4 January 2013

Hillshire Brands has announced that Brian Davison has joined the company from Kraft Foods as VP of corporate strategy and development.

AUS/US: Hillshire Brands to sell Aussie bakery unit to McCain Foods

19 December 2012

Hillshire Brands has agreed to sell its Australia and New Zealand bakery business, Kitchens of Sara Lee, to McCain Foods.

US: Ralcorp reports FY profit alongside ConAgra bid

27 November 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.

US: Smucker raises outlook as profits rise

16 November 2012

JM Smucker has booked an increase in second-quarter earnings and raised its outlook for the full-year.

US: Flowers raises sales outlook on Q3 gains

9 November 2012

US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains.

just the answer - PinguinLutosa COO Herwig Dejonghe

5 November 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.

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

5 November 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.

MEXICO: Bimbo profits slump on pension, M&A costs

30 October 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.

US: Flowers acquires Sara Lee, Earthgrains assets in California

29 October 2012

Flowers Foods has acquired the licence to the Earthgrains and Sara Lee brands in California from Grupo Bimbo.

BELGIUM: Sara Lee exec Vaesen named PinguinLutosa CEO

10 October 2012

Former Sara Lee executive Marleen Vaesen will become chief executive of Belgium-based produce group PinguinLutosa.

US: Hillshire reveals details of three-year plan

6 September 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.

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

3 September 2012

The future direction of Carrefour was in the spotlight this week as the market waited to hear what CEO Georges Plassat had in mind for the retailer. Plassat outlined his plans but there was frustration he did provide more financial details. The retail sector dominated our coverage this week, with news Tesco plans to close stores in China, an interview with Russian retail giant Magnit and speculation Marks and Spencer could be on the radar of private-equity firms.

US: Hillshire Brands adds to Sara Lee cake range

31 August 2012

Hillshire Brands has added a Lemon Pound Cake to its Sara Lee brand, as well as making the label's signature Butter Pound Cake more moist.

US: Ex-Sara Lee exec in Shearer's Foods buy-out

30 August 2012

Private-equity firm Wind Point Partners has snapped up US snacks group Shearer's Foods in a takeover backed by former Sara Lee executive C.J. Fraleigh.







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