Blog: The food industry - it's tiring work
Dean Best | 6 November 2007
We all burn the midnight oil every now and then. Keeping up the coverage on an international news service for the food industry can be just as tiring as late-night M&A discussions over that a company you just have to buy, I bet.
Executives at consumer goods giant Unilever must have put in a long shift last night, securing a late-night deal with striking workers in the Netherlands.
The agreement ended weeks of strikes and protests at Unilever’s plans to close three sites in the Netherlands as part of its worldwide restructuring.
Comment from the unions was hard to come by today. Frans van de Veen, lead negotiator at Dutch trade union CNV, was apparently taking a hard-earned rest after securing compensation for the affected workers and an improved pay deal for those who will remain. “He was up all night and he is now probably in bed,” an insider told just-food.
No doubt Unilever execs were also sleeping easy; the closures will go ahead and the agreement also averted possible supply issues with stocks running dangerously low.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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- Interview: "Disruptive" snack brand Hippeas
- Column: Why snacking is the new meal
- Who will buy Danone's Stonyfield business?
- Unilever buys US condiments maker Sir Kensington's
- Tyson shops Sara Lee bakery, Kettle and Van's
- Icelandic to sell Saucy Fish Co. owner Seachill
- Dairy dampens Danone in Q1
- Nestle organic growth slows but beats expectations