USA: Kraft puts positive Q3 down to successful Nabisco acquisition
US food giant Kraft has revealed that it expects to save US$100m this year through the cost savings and synergies generated by its acquisition of Nabisco . Kraft said worldwide volumes increased by 34.6% during the third quarter as a result of the buyout, and operating profit rose 17.5%. The figures were driven by higher sales volume from new products and developing markets, financial savings, and lower interest charges.
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