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...
Since the inception of TreeHouse Foods in 2005, the US private-label group has snapped up businesses supplying the centre of the store. Now,...
| 22 Apr 2014
Desperate for growth in a moribund trading environment, there are signs some food manufacturers operating in the US are using acquisitions to bolster their presence in more vibrant parts of the industry. Should others follow?
| 20 Feb 2014
After two profit warnings in five months, ConAgra Foods boss Gary Rodkin was correct to use the CAGNY conference this week to front up about the problems at the US food group - and to try to demonstrate the company can rectify them. Some of these challenges are likely to only be short term. However, ConAgra may face more work with its consumer foods and integration of Ralcorp.
| 28 May 2013
The UK and the US enjoyed a public holiday on Monday and the shorter week is a quieter one for results. However, US poultry group Sanderson Farms and South Africa's Tiger Brands will report H1s, while Tate & Lyle plc will announce annual figures. In New York, Citi will hold a conference featuring the likes of Mondelez International and General Mills.
| 3 May 2013
First-quarter results continue to come in next week, with Cadbury owner Mondelez International among the companies reporting numbers to the end of March. Elsewhere, US meat giant Tyson Foods will file half-year figures and UK grocer Sainsbury's will report annual numbers.
| 28 Nov 2012
ConAgra Foods will become the largest own-label firm in the US with an acquisition of Ralcorp Holdings but there are concerns over whether it can manage brands and private label. There are also questions over the potential private label has for further growth in the US. Doug Knudsen, president of sales at ConAgra, tells Dean Best why the company is upbeat about the deal, its ability to grow brands and own label and the private label sector.
| 23 Nov 2015
US group ConAgra Foods, fresh from agreeing to sell the bulk of its own-label business, set out plans to split its remaining operations in two. Staying in the US, Glanbia struck a deal to buy protein foods maker ThinkThin, while local distributor Pompeian Group is to merge with Spanish olive oil co-op DCOOP. Olive oil was under scrutiny in Italy, where a clutch of products face a regulatory investigation over claims products are being mis-sold as extra virgin olive oil.
| 18 Nov 2015
TreeHouse Foods has announced it is closing its Bay Valley Foods plant in California.
| 6 Nov 2015
This week, TreeHouse Foods announced the acquisition of ConAgra Foods' troubled private-label arm for US$2.7bn. Kellogg posted yet another quarter of falling cereal sales, although CEO John Bryant insisted the category was improving. Kraft Heinz Co. announced a fresh swathe of job cuts across the US and Canada And just-food interviewed UK cheese maker Wyke Farms MD Richard Clothier who highlighted the challenges in the UK market for an independent dairy operator.
| 6 Nov 2015
TreeHouse Foods confirmed that it will acquire ConAgra's private brands business for US$2.7bn. Kellogg revealed further declines at its US cereal business. The Kraft Heinz Co. reported its first results as a combined group – and detailed further job cuts. Here are the highlights from just-food this week.
| 5 Nov 2015
TreeHouse Foods said that its third quarter performance was shaped by “competitive pressures” across most of its categories, as lower pricing and unfavourable volume/mix weighed.
| 2 Nov 2015
TreeHouse Foods, the US own-label supplier, is to acquire ConAgra Foods' private-label businesses in a US$2.7bn deal.
| 23 Oct 2015
TreeHouse Foods is reportedly in late-stage talks to acquire ConAgra Foods' private-label business Ralcorp, a deal that could be worth US$2.5-2.7bn.
| 7 Aug 2015
This week's rundown of the latest financial results include a profit warning from TreeHouse Foods, an increase to profit forecasts at Post Holdings and a clutch of Japanese companies reporting their first-quarter results.
| 31 Jul 2015
Nestle this week a change of leadership at its embattled unit India, which has been under the spotlight in recent weeks over the nationwide Maggi recall. Elsewhere, ConAgra Foods was reported to have started talks to sell its own-label unit, with Post Holdings and TreeHouse Foods said to be interested. Our interview pages included chats with the founder of US organic baby food firm - and Danone subsidiary - Happy Family, Chinese bakery business Dongguan Kam Tai Foods and UK gluten-free company Mrs Crimble's.
| 29 Jul 2015
Post Holdings and TreeHouse Foods are reportedly among the potential suitors for ConAgra Foods' private-label arm.
| 11 May 2015
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.
| 25 Mar 2015
US-based food giants Heinz and Kraft Foods Group are set to join forces, creating the number three food and drinks company in North America - and the fifth-largest worldwide. Here is a flavour of how the market reacted.
| 19 Mar 2015
TreeHouse Foods plans to combine the go-to-market operations of its Bay Valley Foods and Flagstone Foods operations in order to "realise the full potential of marketing the company's portfolio".
| 6 Nov 2014
TreeHouse Foods tightened its full-year outlook today (6 November) but booked a drop in third-quarter earnings, as one-time charges dented the bottom line.
| 18 Sep 2014
Heinz has returned production of some of its baby food products to its home town of Pittsburgh, reportedly as part of an agreement with TreeHouse Foods as co-packer.
| 7 Aug 2014
US private-label manufacturer TreeHouse Foods today (7 August) raised its 2014 earnings forecast despite a fall in the first half of the year.
| 16 Jul 2014
TreeHouse Foods' net sales were up 18% in the second quarter, the US private-label group has said in a set of preliminary numbers for the three-month period.
| 30 Jun 2014
TreeHouse Foods today (30 June) confirmed it had struck a deal to buy fellow US private-label group Flagstone Foods for US$860m.
| 27 Jun 2014
TreeHouse Foods is reportedly now in the "advanced stages" of negotiations to fellow US acquire private-label manufacturer Flagstone Foods.
| 14 May 2014
TreeHouse Foods is reported to have joined a number of private-equity firms, including Blackstone Group, in tabling first-round bids for Flagstone Foods.
| 8 May 2014
TreeHouse Foods booked a mixed first-quarter as sales growth boosted operating profit but financing costs weighed on the bottom line.
| 22 Apr 2014
TreeHouse Foods has struck a deal to acquire Protenergy Natural Foods from private-equity firms Whitecastle Investments and Whitecap Venture Partners for C$170m (US$150m).
| 22 Apr 2014
TreeHouse Foods has said it expects to report a 15% rise in first-quarter sales, boosted by acquisitions and the contribution from higher volumes and sales mix.
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