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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?

FRANCE: Fund Qualium in talks to buy biscuit maker Poult

22 April 2014

Private-equity group LBO France is in exclusive talks to sell French market leader for private-label biscuits, Biscuit Poult, to investment fund Qualium Investissement.

US: ConAgra sells Medallion snacks brand to Shearer's

22 April 2014

US private-label salty snack producer Shearer's Foods has acquired Medallion Foods from ConAgra Foods in a US$33.5m deal.

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.

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

17 April 2014

Tesco's full-year results proved disappointing, as expected, and CEO Bill Stritz has said online retailing has played a huge part. Elsewhere first quarter results were out and Co-op saw heavy losses. It has now decided to get rid of some of the Somerfield stores and focus on its convenience offering. There were developments on the Michael Foods acquisition with Post Holdings announcing it had taken over the firm in a US$2.45bn deal. Other acquisitions this week included Daelman's purchase of UK firm Fabulous Bakin' Boys and PE firm Abraaj's acquisition of North African confectioner Kool Foods.

just-food's research round-up: bakery in Australia, snacks in the UK, dairy in China

11 April 2014

This week's featured research from the just-food store includes reports looking at the fiercely-competitive bakery sector in Australia, the growing market for savoury snacks in the UK and China's booming dairy industry.

UK: M&S ekes out LFL food sales growth

10 April 2014

Marks and Spencer today (10 April) reported slowing like-for-like food sales but eked out growth slightly above analyst forecasts.

UK: 2 Sisters confirms Avana Bakeries plant closure

8 April 2014

2 Sisters Food Group has confirmed its Avana Bakeries plant in Newport will close after consultation with staff failed to find ways of keeping the site open.

UK: FY sales up, margins dip at meat group Cranswick

7 April 2014

UK meat products supplier Cranswick today (7 April) met City expectations with higher annual sales but a fall in operating margins amid "record" input costs.

Quote, unquote: Westminster Food & Nutrition Forum on food security

7 April 2014

Representatives of industry, academia, NGOs and politics met in London last week to discuss the issue of food security and the challenges that lay ahead. Climate change, over-consumption and the use of technology in agriculture were just some of the topics discussed. just-food brings a flavour of the event.

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

7 April 2014

This week, Tesco CFO Laurie McIlwee ended weeks of speculation over his future after handing in his resignation. Elsewhere, Kellogg was one of the three manufacturers linked to the rumoured sale of Dorset Cereals and Arla announced a proposed merger with EGM Walhorn.

AUS: Lion: Loss of Woolworths milk deals will "impact" volumes

3 April 2014

Australian dairy group Lion has said the loss of milk contracts to supply Woolworths, the country's largest grocer, will affect volumes at its plants.

FRANCE: M&S targets 20 food stores in Paris

2 April 2014

Marks and Spencer has said it wants to have 20 food stores in Paris by the end of 2017.

US: Seneca to buy 50% of contract manufacturer Truitt Bros.

2 April 2014

US packaged fruit and veg supplier Seneca Foods is to buy a 50% stake in local shelf-stable foods supplier Truitt Bros.

US: Court backs country-of-origin meat labels

31 March 2014

A US federal court of appeals has dismissed an attempt by the meat industry to block country-of-origin labelling rules.

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

31 March 2014

This week Cerebos Greggs announced the closure of its East Tamaki plant putting 125 jobs at risk. Job cuts were announced at Asda too as the company plans a restructure to cut costs. Ads and marketing campaigns were the centre of attention this week with Aldi getting its wrists slapped over the Swap and Save campaign and Sainsbury winning an appeal for a judicial review of Tesco's price promise. Here is the week in quotes

FINLAND: Kesko launches private label K-Menu products

28 March 2014

Finnish retailer Kesko plans to launch its K-Menu private label range, with the first products to be in store from next month.

just-food's research round-up: 14 trends to watch in 2014

28 March 2014

In this week's just-food research round-up, we feature Euromonitor's report that has identified the 14 trends to watch in the industry in 2014.

UK: Investment weighs on Hilton profits

27 March 2014

Hilton Food Group's 2013 operating profit was "marginally below" last year's levels due to increased levels of investment in the UK meat business.

EU: Brussels eyes fresh organic food regulations

26 March 2014

The European Commission has set out plans for new regulations governing the organic food sector.

Shopper trends: Too early to call end to consumer recession

26 March 2014

European politicians may be proclaiming the end of the consumer recession, but when it comes to food sales, retailers and manufacturers are continuing to find business tough, writes IRI's Richard Moule.

UK: 2 Sisters confirms Solway Foods site closure

25 March 2014

UK food manufacturer 2 Sisters Food Group has confirmed it will close its Solway Foods site in Corby.

UK: Food, soft drink exports rise amid EU market recovery

24 March 2014

UK exports of food and soft drinks rose 5% in 2013 as sales in the EU bounced back amid signs of economic recovery in the region.

UK: Tesco firm as Sainsbury's price battle heads for judicial review

24 March 2014

Tesco has said it will "robustly defend" its Price Promise price comparison scheme after rival Sainsbury's was given approval to push ahead with a judicial review.

UK: Finsbury profit surges but sales under pressure

24 March 2014

Finsbury Food Group has booked an increase in first-half profits, which were boosted by the disposal of the group's free-from business and subsequent restructuring efforts.

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

24 March 2014

just-food brought you exclusive updates from some of the power players in our industry as the likes of Nestle, Danone and Kerry Foods set out their investment case at the Consumer Analyst Group of Europe conference in London this week. In other news, Sainsbury's booked its first like-for-like sales drop in nine years, General Mills continued to face pressure in the US and we spoke to FrieslandCampina CFO Kees Gielen. Here are the highlights from the past week.

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

24 March 2014

The Consumer Analyst Group of Europe conference dominated news this week with updates from Kraft Foods Group, Glanbia and Nestle. Elsewhere GM was back in the spotlight with the UK Prime Minister's scientific advisers arguing the technology is safe. Also this week the political tensions in Russia and Ukraine saw Metro Group delay an IPO of its Russian cash-and-carry unit and Lidl announced the departure of chairman Karl-Heinz Holland.

US: Own label propels ConAgra 9m sales

20 March 2014

A surge in own label sales more than offset softness in the consumer brands business of ConAgra Foods.

CAGE 2014: Kerry eyes consumer foods growth through snacking

20 March 2014

Kerry Group CEO Stan McCarthy has indicated the Ireland-based food group believes increasing demand for snacking presents an opportunity to grow the company's consumer foods business.

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