State-backed Chinese food giant Bright Food Co. continued to make progress with its "go global, bring in" ambition when it acquired a majori...
Toward the end of last week Kellogg, Weetabix and Associated British Foods were all named as potential suitors looking to buy UK cereal bran...
| 30 Jan 2014
Last year surprised commentators with the relatively subdued levels of M&A in the food sector. While 2013 did include the largest ever food industry deal by value - the move to take Heinz private - the number of transactions completed came in somewhat below the expectations of M&A advisers. 2014, we are told, is likely to be a different story as deals work their way through the sector's pipelines and valuations continue their upward march. Katy Askew reports.
| 8 Jan 2014
Major cereal manufacturers are reporting disappointing sales and there has been a decline in volume sales over the last few years. It would be easy to think that this GBP1.3bn market (in the UK alone) had gone stale, but with pockets of growth and lots of innovation, this is one category that is certainly hotting up.
| 29 Nov 2013
With an increasingly affluent population of more than 1.36bn mouths to feed the potential offered by China's food sector is immense. But the size of the opportunity does not, in itself, guarantee success. Competition is fierce as multinational food groups and local players alike look to grow their share of this vast pie. Katy Askew examines the competitive dynamics of the Chinese food sector.
| 4 Jun 2013
Cereal manufacturers in the UK are facing a competitive market and flat sales volumes. While overall conditions have been somewhat sluggish, the breakfast category when taken as a whole has seen some pockets of excitement. Manufacturers have looked to capitalise on these and the industry's response has been a sharp focus on product development, promotional activity and marketing. But, Katy Askew asks, is this enough to breath fresh life into the boxed cereal category?
| 26 Jun 2015
Bright-Food owned Weetabix has added a protein-based variant to its On The Go drinks range in the UK in response to growing consumer demand for protein.
| 9 Jun 2015
UK cereal brand Weetabix is rolling out a "high-protein" cereal product in its domestic market.
| 22 May 2015
Baring Private Equity Asia has struck a deal to buy 40% of UK-based cereal group Weetabix.
| 20 Apr 2015
Weetabix could be set for a new private-equity investor, with claims Baring Private Equity Asia is to buy 40% of the UK-based cereal group.
| 9 Jan 2015
Chinese food giant Bright Food Group is reportedly planning to list its Australian unit, Manassen Foods, this year.
| 7 Nov 2014
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.
| 6 Nov 2014
China's Bright Food Co. is reportedly targeting listings of UK breakfast cereal business Weetabix and Australian food group Manassen Foods in the next two years.
| 13 Oct 2014
Chinese food giant Bright Food is reportedly preparing to take full control of UK cereal business Weetabix.
| 8 Sep 2014
Danone CEO Franck Riboud surprised this market this week with his decision to step down from the role after 18 years. Elsewhere, a report into the UK food supply chain was published, while KP Snacks announced it is mulling the closure of two of its UK plants.
| 5 Sep 2014
Weetabix has launched a range of Alpen cereal bars in China developed specifically for local consumers.
| 7 Aug 2014
Weetabix has announced it is to make 30 redundancies in the UK after reaching the end of a consultation process it began in April.
| 15 Jul 2014
Weetabix has entered into employee talks over the potential transfer of contracts after the decision was taken to outsource specialist cleaning activities at two sites.
| 5 Jun 2014
Associated British Foods is understood to have entered an agreement to acquire up-market cereal brand Dorset Cereals.
| 27 May 2014
Japan's Mizkan Group got out the chequebook again this week, with the acquisition of Unilever's North American pasta sauces business. The deal followed its 2012 purchases of brands including Branston and Haywards from Premier Foods in the UK. Elsewhere, we ran interviews with the CEOs of UK pork processor and dairy group Adams Foods.
| 14 Apr 2014
Olive oil giant Deoleo this week announced its board had backed a takeover bid from private-equity giant CVC Capital Partners. Elsewhere, Mondelez International announced plans for another plant in Russia and the political party that looks set to be the major party in India's next government said it would ban foreign supermarkets entering the country's retail sector.
| 9 Apr 2014
Irish food group Valeo Foods has acquired Rowse honey in the hope it will bolster its presence in the UK.
| 7 Apr 2014
Weetabix has refused to "confirm or deny" reports it is one of the suitors looking to buy UK muesli manufacturer Dorset Cereals.
| 7 Apr 2014
Weetabix has announced plans to cut staff pay and hours in the UK, a reaction believed to be prompted by increasing pressure from supermarket own brands and discount food retailers.
| 4 Apr 2014
Kellogg, Weetabix and Associated British Foods are reportedly eyeing UK cereal business Dorset Cereals.
| 6 Jan 2014
UK-based cereal group Weetabix has become the latest business to launch a breakfast drink in a bid to offer more convenient products to consumers.
| 21 Nov 2013
Bright Food, the Chinese food group that owns a controlling stake in UK cereal maker Weetabix, is understood to have confirmed its interest in listing the business.
| 3 Sep 2013
China's Bright Food is understood to be holding talks with Israel's largest food manufacturer and distributor Tnuva about a potential acquisition.
| 23 Apr 2013
Weetabix has been forced to cut production of its Weetabix Minis and Oatibix bitesize ranges, a spokesperson for the group confirmed.
| 13 Feb 2013
UK cereal maker Weetabix has had its WeetaKid mobile app banned for making children feel "inferior" if they did not eat the company's products.
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