TreeHouse hinted more M&A in healthy snacks could follow after US$860m Flagstone deal

TreeHouse hinted more M&A in healthy snacks could follow after US$860m Flagstone deal

Another week and more M&A activity in the US. TreeHouse Foods, the US private-label group, confirmed a US$860m deal for healthy-snacks business Flagstone Foods - and immediately signalled it could use the acquisition as a base for further purchases. Elsewhere, meat products group Hormel Foods continued its move into alternative sources of protein with the acquisition of Muscle Milk maker CytoSport.

In the spotlight: Why TreeHouse is well-placed after Flagstone deal
Since the inception of TreeHouse Foods in 2005, the US private-label group has snapped up businesses supplying the centre of the store. Now, the company has used M&A to secure a foothold in the perimeter - with the potential for further deals.

US: CytoSport eyes global growth under Hormel ownership
Sports nutrition group CytoSport is hoping its sale to Hormel Foods will expand its presence internationally.

UK: Dairy Crest eyes formula with Fonterra, Fayrefield Foods
Dairy Crest is to team up with Fonterra and Fayrefield Foods to produce and supply ingredients to infant formula manufacturers.

US: Tyson, Hillshire confirm takeover
Tyson Foods and Hillshire Brands today (2 July) entered into a "definitive" agreement that will see the US meat processor acquire the maker of Jimmy Dean sausages for US$8.55bn.

AUSTRALIA: Coles on defensive over supplier relationships
Coles has dismissed claims it abused its relationship with suppliers through a programme requiring the payment of rebates - although the Australian retailer has made a number of "admissions" over its treatment of manufacturers.

Shopper trends: Industry must rethink promo strategy
Across Europe, the level of promotions in grocery stores continued to increase in 2013 - but without boosting sales volumes. IRI's Tim Eales says the sector needs to review how they promote in order to drive sales. 

Consuming issues: Oxfam as industry's "critical friend"
Oxfam's latest analysis of the food industry's efforts on to tackle climate change demonstrates how the NGO can partner with industry at time but still play a role in handing out stinging criticism where necessary, Ben Cooper believes.

Comment: Kroger eyes two growing trends with Vitacost deal
US retail giant Kroger, one of the largest traditional supermarket chains in the country, today (2 July) announced a deal that showed it has recognised two key macro trends in the grocery sector - and wants a piece of the action.

CHINA: Organic milk firm Shengmu seeks Hong Kong IPO
Chinese organic milk company Shengmu is set to float on the Hong Kong Stock Exchange as it looks to continue its expansion.

JAPAN/EU: Japanese Wagyu distribution to EU begins
"Authentic" Wagyu - or Japanese beef - is set to be available to EU consumers for the first time, officials from the country revealed this week in London.