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Pinnacle Foods turns to innovation to accelerate sales

2 Mar 2018

Pinnacle Foods, which owns the Birds Eye frozen food brand in the US, is hoping product innovation will add fuel to its sales growth in 2018.

Pinnacle Foods ends Boulder Brands' UK business

28 Nov 2016

US food group Pinnacle Foods has pulled the plug on the UK operations of free-from subsidiary Boulder Brands.

Boulder Investment Group Reprise raises US$55m for natural foods investment fund

14 Sep 2016

Boulder Investment Group Reprise (BIGR), led by the former managers of an investment arm of US food group Boulder Brands before its acquisition by Pinnacle Foods, has raised more than US$55m for a new fund to invest in natural products start-ups across the US.

Pinnacle Foods raises outlook as Boulder Brands beats expectations

28 Jul 2016

Pinnacle Foods has raised its earnings forecast for the year thanks to the "strength of the base business" and the recently-acquired Boulder Brands unit, which the US company said is "tracking ahead of expectations". 

US investment vehicle Sunrise takes slice of Kodiak Cakes

27 Jul 2016

Sunrise Strategic Partners, the US investment vehicle set up by former Boulder Brands CEO Steve Hughes, has taken a minority stake in Utah-based Kodiak Cakes.

Pinnacle Q1 sales rise on M&A

28 Apr 2016

Pinnacle Foods said today (28 April) that it made a "solid" start to fiscal 2016, with sales boosted by the US group's recent acquisition of local peer Boulder Brands. 

Pinnacle Foods CEO Bob Gamgort to join Keurig Green Mountain

23 Mar 2016

Pinnacle Foods CEO Bob Gamgort plans to leave the Udi's and Gardein owner at the end of April to take over as chief executive at Keurig Green Mountain. 

How Pinnacle Foods' Boulder Brands is looking to drive growth after challenging 2015 – Expo West 

22 Mar 2016

Boulder Brands, the US free-from business recently acquired by Pinnacle Foods, has seen mixed fortunes of late, with its brands delivering a patchy performance. Even with the ink on the Pinnacle deal still drying, the owner of brands including Udi's and Glutino nevertheless has a clear strategy to grow and attract new consumers through innovation and marketing. Katy Askew spoke to Wendy Acheson, Boulder Brands' vice president and general manager of sales, at the Natural Products Expo West trade show in California to find out more. 

Boulder Brands adds gluten-free enchiladas to Evol lineup

22 Mar 2016

Boulder Brands has added gluten-free enchiladas and a range of lasagnas under its Evol brand in the US.

Ex-Boulder Brands CEO Steve Hughes forms food investment vehicle 

26 Feb 2016

Steve Hughes, the former CEO of US free-from and spreads business Boulder Brands, has established a vehicle to invest in emerging food brands in partnership with private-equity firm Trilantic North America.

The food industry in 2016 - the trends that will drive M&A

3 Jan 2016

Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.

Udi's launches gluten-free chocolate snack in UK

23 Dec 2015

Boulder Brands' gluten-free brand Udi's is launching a chocolate clusters snack in the UK, as part of its expansion into snacking products.

Why Pinnacle Foods faces work on Boulder Brands

30 Nov 2015

There has been more consolidation in the US food industry, with another big player largely focused on stagnant categories moving for a business in a growing area of the sector. Pinnacle Foods, the business behind the Birds Eye brand in the US, as well as products like Duncan Hines baking mixes and Wish-Bone salad dressings, has struck a deal to buy Boulder Brands - a business in gluten-free but one that has struggled in recent quarters. Dean Best reports.

Food industry quotes of the week - Boulder Brands sale, Unilever on carbon

27 Nov 2015

Ahead of the climate talks in Paris, Unilever announced plans to be carbon positive from its operations by 2030. Elsewhere, there was more consolidation in the US food sector, with Pinnacle Foods moving for Boulder Brands. Tyson Foods, Post Holdings and Greencore all had annual results out in the week. Maple Leaf Foods outlined plans to "streamline" its business, which is set to lead to the loss of 400 staff. Here is the week in quotes.

Food industry news of the week - Boulder Brands, Chicken of the Sea, Unilever

27 Nov 2015

The US food sector saw another major takeover this week with Pinnacle Foods agreeing to pay US$975m for free-from group Boulder Brands. The country could soon see another, with Thai Union Group saying there are "serious" buyers lined up for Chicken of the Sea - a business it is willing to sell to secure another US asset, Bumble Bee Foods. And, ahead of the climate change talks in Paris next week, Unilever announced plans for its operations to be "carbon positive" in 15 years.

Pinnacle to buy Boulder Brands in $975m deal

24 Nov 2015

Pinnacle Foods has announced a deal to buy fellow US food group Boulder Brands for US$975m.

Boulder Brands losses ease despite sales dip

5 Nov 2015

Losses at Boulder Brands for the first nine months of 2015 have eased, despite a sales fall when compared with last year's figures.

Free-from brand Udi's eyes UK frozen launch

16 Oct 2015

Boulder Brands, the US group, is looking to take its gluten-free brand Udi's into the UK frozen aisle.

Food industry news of the week - Ackman and Mondelez, Maggi, Nakd

7 Aug 2015

Activist US investor Bill Ackman got the market talking this week with the disclosure he has invested in Mondelez International. Could he be betting on an eventual bid for the Cadbury owner from the new Kraft Heinz Co.? Meanwhile, the row over the Maggi continued, with India's food safety watchdog brushing off tests that appeared to clear Nestle's noodles. And three UK snacks businesses hit the headlines. The owners of Nakd owner Natural Balance Foods are weighing up their options, Bear owner Urban Fresh Foods is looking at ways to expand internationally - which could involve investment in the business. And crisp firm Tyrrells snapped up an Australian snack maker.

Boulder Brands receives interest in "transaction"

6 Aug 2015

Udi's and Smart Balance owner Boulder Brands has hired advisors to look at its strategic options after the US group received interest from companies eyeing an unspecified transaction with the business.

Food industry news of the week - PepsiCo, Sodiaal, Boulder Brands

10 Jul 2015

PepsiCo issued its second-quarter results this week - and upped its annual earnings forecast. The company's shares fell, amid concerns the second half of the year will prove more challenging. Under-pressure US group Boulder Brands, fresh from the departure of its CEO, announced restructuring plans likely to lead to 15% of jobs being cut. French dairy group Sodiaal announced another move in China, while we analysed the impact Russia's import restrictions have had on domestic companies.

Boulder Brands announces restructure

8 Jul 2015

US firm Boulder Brands has announced an organisational restructure which will see the company reduce its salaried staff by 15%.

Food industry news of the week - Yoplait, Maggi

12 Jun 2015

General Mills has taken the plunge in China's yoghurt market, this week launching Yoplait in Shanghai. The row over Nestle's Maggi noodles in India continued, with the food giant contesting the nationwide ban in court. And there were a flurry of stories in the US - Campbell Soup Co. and WhiteWave Foods snapped up smaller businesses, while Boulder Brands announced its co-founder and CEO Steve Hughes had resigned.

Boulder Brands CEO Steve Hughes resigns

10 Jun 2015

Boulder Brands CEO Steve Hughes has resigned from the US food group, the company said today (10 June).

Heinz moves to block Boulder's Smart Balance TM entering frozen

29 May 2015

Heinz has moved to block Boulder Brands' registration of its Smart Balance trademark for frozen foods.

Food industry news of the week: Applegate Farms, Bel, Smart Balance

29 May 2015

Hormel Foods' latest move to inject more growth into its business - a move for US organic meats firm Applegate Farms - grabbed the headlines this week. In Europe, France's Groupe Bel struck a deal in Africa and is to take a majority stake in Moroccan dairy Safilait.

Food industry quotes of the week: Hormel, FSA, Arla

29 May 2015

This week, Hormel Foods announced it was acquiring US natural and organic meat processor, Applegate Farms. In the UK, scrutiny over campylobacter continued with the Food Standards Agency revealed 73% of shop-bought chickens are contaminated with the food poisoning bug. Here is the week in quotes.

Boulder turns Smart Balance spreads dairy-free

2 Apr 2015

US group Boulder Brands is relaunching its Smart Balance spreads dairy-free in a fresh bid to revitalise the line's sales.

Briefing: What are the foodservice prospects for gluten-free?

10 Mar 2015

For some in the industry, gluten free is a "tipping point" in the US foodservice channel. For others, operators have caught up with the trend, with many feeling their menus cater for the current level of demand. Dean Best takes the foodservice temperature of what has been a hot category in US retail.

Briefing: 11 menu trends shaping US foodservice

5 Mar 2015

With foodservice sales increasing their share of total food expenditure in the US, just-food's latest management briefing examines how manufacturers can cash in on this expanding channel. In order to secure supply deals at appropriate price points, packaged food manufacturers must demonstrate the value of their brands. Providing relevant, innovative products is key. An understanding of menu trends is a prerequisite for this, staying in tune with ever-evolving consumption patterns is a must. Here is just-food’s pick of the hot menu trends shaping US foodservice today.

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