Shares in Snyder's-Lance fell yesterday after the US snack group's third-quarter results missed Wall Street's expectations and the company r...
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 pro...
Arca Continental's decision to acquire US-based Wise Foods and Ecuadorian snacks firm Inalecsa could come as a surprise, given that the Coca...
US snacks firm Snyder's-Lance has said there is "a hill to climb" in its private-label business as it faces "ongoing pressures" in the secto...
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.
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.
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