Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolida...
Snacking is a significant macro trend driving trends in the US market and demand for healthier products is on the rise. Sally Lyons Wyatt, e...
Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.
Busier lifestyles and a growing awareness of how diet can affect health has prompted a big shift in the way US consumers eat. This has been particularly felt by the sweets and snacks industries where manufacturers are having to innovate to meet evolving consumer demand.
Shares in Snyder's-Lance fell yesterday after the US snack group's third-quarter results missed Wall Street's expectations and the company revised its 2014 forecasts. However, analysts, looking into next year and beyond, believe the prospects look bright for the business.
US snack group Snyder's-Lance intends to drive continued top line growth in its key brands and will ramp up investments in marketing and product development in the coming months.
US salty snacks group Wise Foods faces some stiff competition but under the ownership of Mexican Coke bottler Arca Continental it believes it can grow. With Arca eyeing rapid growth from its snacks businesses in the US and in South America, Wise Foods is looking to NPD - notably with Hispanic-inspired flavours - to drive sales. Dean Best discussed Wise Foods' strategy with CEO Miguel Bostock.
Snyder's-Lance has warned of a fall in sales for the fourth quarter of the year.
Diamond Foods, itself set to be sold to US snacks group Snyder's-Lance, this week took a stake in UK popcorn maker Metcalfe's Skinny. Our M&A pages featured a number of deals, including the move for Chinese dairy group Ambrosia by Irish co-op Ornua. At the ICR investment conference in Florida, the new owner of Green Giant, B&G Foods, said it was interested in more acquisitions in the frozen food sector, while Hain Celestial told delegates it could withstand greater competition in the US natural and organic sectors.
SunOpta, the Canada-based ingredients supplier, private-label group and contract manufacturer, said today (12 January) it will this year focus on improving the performance of its consumer products business.
Diamond Foods has acquired a 26% stake in UK popcorn maker Metcalfe's Skinny Ltd.
The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.
Diamond Foods has reported lower sales for the first quarter despite a boost in net income on the back of lower taxes.
Newly acquired Diamond Foods has announced its entire line of culinary nuts, diamond of California, has obtained Non-GMO Project Verification.
This week the World Health Organization confirmed findings of a link between processed meat consumption and colorectal cancer - sparking fierce debate in and around the industry. Elsewhere, Snyder's-Lance agreed a deal to buy Kettle Chips owner Diamond Foods for US$1.91bn. And just-food interviewed Bonduelle CFO Gregory Sanson, who hinted at the firm's renewed ambitions for M&A. Here is the week in quotes.
Snyder's-Lance, the US snacks group, has swooped to strike an agreement to buy Kettle Chips maker Diamond Foods.
Snyder's-Lance, the US snacks group that today (28 October) announced a deal to buy Kettle Chips maker Diamond Foods, has cut its sales and earnings forecasts after reporting mixed results in its third quarter.
This week's results included an upbeat US snack group Snyder's-Lance reporting higher second-quarter sales and profits, improved half-year revenue and earnings at seafood giant Thai Union and declines at an acquisitive SunOpta.
Princeton Vanguard, a division of Snyder's-Lance, has won an appeal to overturn a ruling preventing it registering Pretzel Crisps as a trademark.
TreeHouse Foods first quarter sales surged – but the US food group cut its forecast for annual earnings. Inventure Foods revealed the devastating impact of the listeria recall. Meanwhile, Petra Foods commented on the slowdown in the Indonesian economy and weaker consumer sentiment. Here is just-food's weekly results round-up.
US snack maker Snyder's-Lance is expanding its offering with the introduction of a number of gluten-free options under its iconic brands, including a "first-ever" gluten-free sandwich cracker.
US snack group Snyder's-Lance ended what it termed a "transformative" year with sales and earnings ahead of the prior 12 months.
US snack group Snyder's-Lance has unveiled its new division that will focus on developing "better-for-you" products.
Snyder's-Lance is eyeing demand for lighter salty snacks in the US with its new pretzel line Pretzel Poppers.
This week, Turkey's Yildiz Holding struck a deal - said to be over GBP2bn - to buy United Biscuits and the Turkish group's CEO took to Twitter to hail the agreement. Meanwhile, German dairy giant Muller agreed to buy Dairy Crest's liquid dairy business in the second big deal of the week. Elsewhere, quarterly numbers continued to come in, with Mondelez International lifting its forecast for annual earnings.
United Biscuits is set for a new owner - Turkey's Yildiz Holding. The UK-based snacks maker announced this week brands including McVitie's and BN would join Godiva chocolate in the Yildiz portfolio. The M&A spotlight was firmly on the UK last week, with German giant Müller striking a deal to buy Dairy Crest's liquid milk assets - competition approval pending.
Snyder's-Lance has taken an 80% stake in US organic snacks maker Late July Snacks, a business that will become part of a concerted push into healthier products.
Snyder's-Lance has stepped up its moves into what the US group perceives are healthier snacks - with the creation of a "better-for-you" division and fresh investment in organic firm Late July Snacks.
US snack maker Snyder's-Lance today (4 November) reported higher sales and profits for the first nine months of the year - but shares fell after the company lowered its full year earnings expectations.
US snack maker Snyder's-Lance has booked higher sales and underlying earnings for the first half of 2014.
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