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VanEditor's viewpoint: Using M&A for growth Stateside

22 April 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?

CANADA: TreeHouse to acquire broth maker Protenergy Natural Foods

22 April 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).

US: TreeHouse sees Q1 sales strength

22 April 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.

US: TreeHouse Foods reportedly eyeing Michael Foods

21 March 2014

US firm TreeHouse Foods is reportedly weighing a bid for Michael Foods.

Comment: Challenges ahead as ConAgra goes on to the front foot

20 February 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.

US: TreeHouse: "signs of life" for industry volumes

14 February 2014

The CEO of US brand and private-label group TreeHouse Foods has claimed sales volumes in the country's food and beverage are showing signs of improving.

US: TreeHouse Foods Q3 earnings climb, reaffirms outlook

8 November 2013

US own-label firm TreeHouse Foods has booked an increase in third-quarter earnings and reaffirmed its full-year guidance.

US: Treehouse Foods H1 earnings slide

8 August 2013

US own-label firm TreeHouse Foods saw its earnings slide in the first half of the year, hurt by one-off costs.

US: TreeHouse to buy dressings firm Cains Foods

24 June 2013

US own-label supplier TreeHouse Foods has struck a deal to buy dressings and mayonnaise firm Cains Foods for US$35m.

The week ahead - Citi FMCG conference, Sanderson H1s

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.

US: TreeHouse records "best" Q1 earnings

9 May 2013

US own-label firm TreeHouse Foods said it has recorded its best-ever first-quarter earnings, with gross margin up and sales growing.

The week ahead - Sainsbury's FY results, Tyson H1, Mondelez Q1

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.

US: Restructuring costs hit TreeHouse Foods FY

21 February 2013

US own-label firm TreeHouse Foods has booked a decline in full-year profits as restructuring and other one-off costs hit earnings.

In the spotlight: ConAgra's belief in future of US private label

3 December 2012

ConAgra Foods has said it is "excited" about a deal that will mean it becomes the largest private-label group in the US despite concerns over its ability to grow brands and own label, as well as the long-term prospects of store brands in the US.

US: TreeHouse buys Associated Milk Producers own-label assets

3 December 2012

US private-label group TreeHouse Foods has snapped up cheese and pudding assets owned by dairy co-op Associated Milk Producers.

Interview: ConAgra sales chief Knudsen on Ralcorp deal

28 November 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.

US: Snyder's-Lance "in talks to sell own-label unit"

16 November 2012

US snack firm Snyder's-Lance is reported to be in negotiations to offload its own-label snacks business Vista.

US: TreeHouse Foods Q3 profits slide

6 November 2012

US own-label firm TreeHouse Foods has booked a decline in third-quarter profit as a result of higher input costs and drop in volumes.

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

13 August 2012

Nestle reported its half-year results last week and said innovation was vital to growth in developed markets, where doing business at the moment is, it said, "no walk in the park". Produce giant Chiquita's first-half numbers included plans for a new strategy, while at US dairy group Dean Foods, it announced a move to list its soy and organics unit alongside its figures. In the retail sector, UK grocer The Co-op announced chief executive Peter Marks was to retire.

On the money: Soup "vital" despite closure, insists TreeHouse

8 August 2012

US own-label firm TreeHouse Foods has insisted its soups unit remains a "vital" part of the business despite its decision to close a production facility.

US: TreeHouse to close two plants, cuts FY guidance

8 August 2012

US own-label firm TreeHouse Foods has cut its full-year earnings guidance as it announced plans to shut its soup and salad dressing facilities.

US: TreeHouse hands new Bay Valley role to Dean Foods' Silva

25 July 2012

TreeHouse Foods has named Dean Foods executive Chris Sliva as COO of its Bay Valley Foods unit.

US/ITALY: Ralcorp acquires Italian firm Gelit

18 June 2012

Ralcorp Holdings has acquired Italian private-label frozen ready meals maker Gelit for an undisclosed sum.

In the spotlight - US private-label consolidation heats up

1 June 2012

Private label was slower to gain a foothold in the US compared with some European countries but the market has expanded in recent years and manufacturers are keen to jump on this wave through acquisitions, Michelle Russell reports.

US: Price increases boost TreeHouse Foods Q1

8 May 2012

US own-label firm TreeHouse Foods has booked an increase in first-quarter profits, boosted by price increases on products it sells to retailers in North America.

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

26 March 2012

The Consumer Analyst Group of Europe investment conference in London dominated just-food's working week and we exclusively provided the news and views from the event.

US: TreeHouse Foods acquires Naturally Fresh

20 March 2012

US own-label firm TreeHouse Foods has struck a deal to buy privately-owned dressings and sauces firm Naturally Fresh.

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

13 February 2012

The US grabbed the industry headlines this week, with PepsiCo at last outlining its plans to drive growth at the business, although the measures it has lined up has led to more questions from Wall Street analysts. And the uncertainty around the sale of global snacks brand Pringles has intensified after prospective buyer Diamond Foods decided to appoint a new CEO and CFO after it found improper accounting at the company.

US: Treehouse Foods hits reduced earnings target

10 February 2012

Shares in US private-label group TreeHouse Foods rose today (10 February) after it met its target for fourth-quarter earnings, which the company lowered last month.

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

23 January 2012

Executives at Müller and Robert Wiseman Dairies espoused the benefits of the German yoghurt maker's decision to buy the UK milk supplier, a deal that divided analysts. Industry watchers also scrutinised the latest trading updates from Premier Foods plc, the UK's largest food manufacturer and Carrefour, the French retail giant, while Kraft Foods chief Irene Rosenfeld said the US group's 2011 results means it is one of the industry's better performers - on the day job cuts of 1,600 were announced.

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