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...
Distribution synergies and access to a wider better-for-you portfolio are two of the reasons industry experts have backed the move from Synd...
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.
Arca Continental's decision to acquire US-based Wise Foods and Ecuadorian snacks firm Inalecsa could come as a surprise, given that the Coca-Cola bottler's interests are primarily in the beverage sector. However, Michelle Russell suggests, the Mexican firm is likely to use the acquisitions to take its Mexican brands into new markets while also leveraging the capabilities of Wise and Inalecsa to boost its Mexican snacks presence.
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.
US snack maker Snyder's-Lance has invested in local natural and organic food specialist Natural Foodworks Group.
US snacks group Snyder's-Lance today (13 February) reported a 27% rise in annual sales, helped in the main by its acquisition of Diamond Foods last February.
Snyder's-Lance, the US snacks group, has launched the first organic version of its Snack Factory pretzel crisps in its domestic market.
Canada-based organic food group SunOpta has named Diamond Foods executive David Colo as its new president and CEO.
US snack maker Snyder's-Lance is to invest US$38m to expand its Charlotte HQ and production facility in North Carolina, the state governor's office has announced.
Snyder's-Lance is to sell the Diamond of California culinary nut business the US snack maker acquired last year through its acquisition of Kettle Chips maker Diamond Foods.
US snack maker Snyder's-Lance reported a leap in operating profit today (7 November) as the contribution from the recently-acquired Diamond Foods lifted its top line and synergies strengthened margins.
US snack-maker Snyder's-Lance today (23 September) announced the appointment of Alexander Pease as executive VP and CFO with effect from 1 November.
Snyder's-Lance, the US snack maker, today (1 September) it has acquired full ownership of privately-controlled UK popcorn firm Metcalfe's Skinny.
Snyder’s-Lance, the US snacks group, has reported higher underlying sales and earnings, helped by its recent acquisition of Diamond Foods, although the company posted a mixed performance from its core business.
Snyder's-Lance CFO Rick Puckett will leave the US snack group at the end of the year.
Snyder's-Lance, the US snacks group, today (10 May) booked higher first-quarter sales boosted by the inclusion of revenue from the recently-acquired Diamond Foods.
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.
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