Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

M&A Watch: Why Raisio should sell to private equity

14 Aug 2014

Raisio, the Finland-based group behind brands including Benecol, Honey Monster cereals and Fox's confectionery, has, in recent years, tried to grow via M&A. However, Stefan Kirk of M&A advisors Glenboden questions the company's strategy and believes it should be sold to a private-equity firm to unlock value.

FINLAND: Raisio confirms Glisten plant closure

22 Oct 2013

Finnish food group Raisio has confirmed its Glisten confectionery site in the UK town of Skegness will close.

UK: Raisio's Glisten in consultation to close plant

30 Aug 2013

UK snacks and confectionery firm Glisten, owned by Finnish food group Raisio, has entered into consultation over plans to close its Skegness plant, putting around 92 jobs on the line.

Interview: Raisio sanguine about brand performance

20 Aug 2013

Raisio, the Finland-based group behind Benecol, Fox's confectionery and Sugar puffs cereal, saw branded sales fall in the first half of 2013. However, CEO Matti Rihko tells Dean Best the company is sharpening its portfolio to improve the performance of its branded business - and is eyeing more expansion in the years ahead.

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

1 Jul 2013

General Mills unveiled plans for a raft of new products last week as it seeks to improve sales across its business, particularly in the Yoplait owner's yoghurt division. There was a major piece of consolidation in the French dairy sector this week, with dairy co-ops Sodiaal and 3A to merge. We discussed FrieslandCampina's sustainability strategy with its CSR director, while we also interviewed the CEO of The Bart Ingredients Company about his moves to revitalise the UK firm.

just the answer - The Bart Ingredients Co. CEO David Collard

28 Jun 2013

UK herbs and spices business The Bart Ingredients Company has gone through something of an overhaul since ex-Kerry Group and Glisten executive David Collard took the helm two years ago. Dean Best met with Collard to discuss the relaunch of the Bart brand and the broadening of its portfolio amid what he called the most competitive trading conditions in 20 years.

Deal or no deal: UK crisp firm Tyrrells could attract snack majors

23 May 2013

Private-equity firm Langholm Capital was this week reported to have put UK crisp group Tyrrells on the market. Langholm has declined to comment on the reports but the investment firm are said to have put a GBP100m (US$151.9m) price tag on the company.

Deal or no deal: The likely suspects to acquire Burton's Biscuit Co.

8 Apr 2013

The private-equity owners of Burton's Biscuit Co. are "considering options" for the UK's second-largest biscuit maker, a process that could lead to an eventual sale. Katy Askew takes a look at the players for whom an acquisition of Burton's could hit the sweet spot.

Interview: Raisio continues to drive expansion - CEO

13 Feb 2013

Raisio has completed four acquisitions over the past three years as the Finnish food group looked to increase its clout in key markets and refocus its portfolio towards consumer food brands. Today's strong sales and earnings growth suggests that this strategy is paying off and, speaking to just-food, CEO Matti Rihko hints that the firm is hungry for more.

FINLAND: Raisio establishes branded divisions

22 Aug 2012

Finnish food group Raisio has established two branded divisions, which will run its consumer and licensed products.

The most-read interviews on just-food in 2011

23 Dec 2011

2011 was again a year in which just-food discussed the key industry issues with the leading lights in the sector. From the creation of meat-free firm Quorn Foods to Ferrero's ambitions in the UK and from Kraft Foods' plans in the key emerging market of South Africa to sustainability strategies with Ahold and Kellogg, we interviewed some of the top players in the industry this year. Click on the links for more and check out all our featured interviews for 2011 here.

FINLAND: UK profits prompt Raisio to lift EBIT forecast

20 Dec 2011

Finnish food group Raisio today (20 December) increased its forecasted EBIT for its 2011 financial year on the back of profits from its UK operations.

FINLAND: Raisio Q1 profits "undermined" by growth investment

10 May 2011

Finnish food group Raisio said that first-quarter profitability was "undermined" by costs relating to a number of growth projects.

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

11 Feb 2011

Commodity costs was a central theme this week and the likes of Kraft Foods and PepsiCo, announcing their annual results, said the pressure, which began in earnest in the second half of 2010, would continue into 2011. Meanwhile, the race for Yoplait heated up, with nine bids coming in for the yoghurt brand. Premier Foods sold off another asset, this time offloading its canned grocery business to Princes. And, on our insight pages, we took a look at the UK convenience retail channel, the debate over eco-labelling and spoke to French dairy business Candia about operating in north Africa and the Middle East.

FINLAND: Glisten buy boosts Raisio FY profits

10 Feb 2011

Finland-based food group Raisio saw sales and profits rise in 2010, driven by the purchase of UK snack maker Glisten in the early part of the year.

The just-food interview - Matti Rihko, Raisio

8 Feb 2011

A year on from its acquisition of snack and confectionery maker Glisten, Finnish food company Raisio has made another move for a UK firm. The company has snapped up Big Bear Group, the owner of brands from Sugar Puffs cereal to Fox's confectionery. In this month's just-food interview, Michelle Russell spoke to Raisio CEO Matti Rihko about his company's latest acquisition.

Best bits: Egypt adds to investor concerns over emerging markets

7 Feb 2011

In what was a record week for just-food in the volume of stories published, the political crisis in Egypt and its impact on the food sector took centre stage.

In the spotlight: Big Bear a "good fit" for Raisio

4 Feb 2011

The announcement this morning that Raisio has purchased UK-based Big Bear Group, owner of brands like Sugar Puffs cereals, comes as no surprise, given that the deal has been rumoured for some time.

FINLAND/UK: Raisio acquires Sugar Puffs maker Big Bear

4 Feb 2011

Finland-based food group Raisio has bought UK-based Big Bear Group, owner of brands like Sugar Puffs cereal, for EUR95.3m (US$130m).

FINLAND: Raisio eyeing acquisitions for growth

31 Jan 2011

Finland-based food group Raisio has said that it is eyeing acquisition opportunities in a bid to grow its business further in Europe.

The just-food management briefing - M&A in 2010 - a year in review

20 Dec 2010

Kraft Foods' move to buy Cadbury in January failed to spark a burst of M&A activity in the food industry, as economic conditions continued to dampen attitude to risk. As the year progressed, however, and confidence returned, the pace of acquisitions picked up. But as Dean Best reports, the nature and rationale behind the deals has altered significantly.

The just-food management briefing - healthy snacking - NPD

29 Nov 2010

Given the highly competitive nature of the snack foods market, levels of innovation and new product activity have traditionally been on the high side.

FINLAND: Raisio Q3 profit drops despite jump in sales

2 Nov 2010

Finland-based food group Raisio today (2 November) posted a fall in third-quarter profits despite the company's sales rising almost 25%.

FINLAND: Raisio bullish as Q1 dips

4 May 2010

Finnish food group Raisio today (4 May) insisted that it would expand revenues during fiscal 2010, despite booking a drop in first-quarter sales.

UK: Glisten posts H1 profits as sale looms

22 Mar 2010

UK snack maker Glisten this morning (21 March) booked a 10% rise in half-year profits in what is set to be the company's last set of results as a London-listed company.

UK: Glisten investors back sale to Raisio

12 Mar 2010

Shareholders in UK snack maker Glisten today (12 March) gave the green light to the sale of the business to Finnish food group Raisio.

Top stories on just-food this week

12 Feb 2010

The results of our reader survey on Kraft Foods’ acquisition of Cadbury proved popular reading this week, with the majority of you predicting that the principal consequence of the deal would be plant closures and job losses.

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

12 Feb 2010

There was plenty to chew over this week on obesity with Michelle Obama's launch of a US campaign to encourage healthy eating and exercise and the UK's ban on product placement for junk food. Snacks giant PepsiCo sets out its stall to make its portfolio more healthy, while yoghurt maker Danone outlined plans for international expansion. Here is the best of who said what this week.

FINLAND: Growth means Raisio will miss profit targets

11 Feb 2010

Finnish food group Raisio warned this morning (11 February) that its plans for growth over the next two years means the company will miss its profit targets in 2010.

UPDATE 2: FINLAND: Raisio eyes growth in healthy snacks

10 Feb 2010

Raisio, the Finnish food group, said today (10 February) that the company had made an offer for UK firm Glisten due to the recent growth in "premium", healthy snacks.



Forgot your password?