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Berkshire Hathaway overpaid for Kraft, says Warren Buffett

25 Feb 2019

Investor Warren Buffett has spoken to US business news channel CNBC about the price his Berkshire Hathaway business paid for food group Kraft Heinz.

Greenpeace says Kraft Heinz among eight companies failing in palm oil initiative

20 Mar 2018

Environmental pressure group Greenpeace International says some global food companies such as Kraft Heinz, Kellogg, Ferrero and J.M. Smucker are failing to disclose their sources of palm oil despite an initiative to clamp down on deforestation by producers before the end of the decade.

Food market quotes of the week - Nestle, Unilever, Hershey

3 Mar 2017

Commenting on topics as diverse as sugar reduction, job cuts and M&A, here is a summary of the food industry's week in its own words. 

US food stocks lift on 3G Capital M&A talk 

9 Nov 2016

Shares in US food majors including Mondelez International and General Mills rose yesterday (8 November) after Brazilian reports suggested investment firm 3G Capital is raising US$8-10bn to fund more acquisitions. 

Why zero-based budgeting is shaking up the food sector

6 Oct 2016

Zero-based budgeting is not a new concept but recent years have seen it experience a revival in the food industry. Is it a miracle diet for packaged food companies seeking a shapelier margin profile?

New Heinz Pickle Chips flavours are first in over 50 years

15 Jul 2016

Kraft Heinz is launching its first new flavours of Heinz Pickle Chips in the US in more than half-a-century.

Kraft Heinz launches wet pots into quick hot meals range

15 Jul 2016

Kraft Heinz announced today (15 July) that it is launching a range of quick hot meals to boost its presence in the category.

M&A drives growth for big food companies - study

11 Jul 2016

Merger and acquisitions have become the major source for revenue growth for the world’s biggest food brands that are part of the top 50 global consumer goods companies.

Mondelez's bid for Hershey – 5 things to know 

4 Jul 2016

Hershey turned down a takeover approach from Mondelez International last week (30 June). At US$107 per share, the cash-and-shares offer valued the Reese's Pieces maker at approximately US$22.83bn. Here is just-food's summary of what you need to know about the deal. 

Australian consumer watchdog slams Kraft Heinz for 'unhealthy' kids range 

21 Jun 2016

The Australian Competition and Consumer Commission (ACCC) has accused Kraft Heinz's local arm of "misleading" consumers by suggesting the company's Little Kids Shredz products are a "healthy and nutritious" food for children aged one- to three-years "when this is not the case".

The year in review - the news that shook the food industry in 2015

21 Dec 2015

The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.

The year in review - the most-clicked comment from just-food in 2015

18 Dec 2015

The emergence of 3G Capital into the food sector has shaken the industry and its latest move in 2015 - to merge Heinz with Kraft Foods Group - got people talking, us mulling the impact on the sector and you clicking. Elsewhere, we predicted the battle to buy buoyant for UK meat-free business Quorn Foods would be fierce, analysed some of the key trends in the UK foodservice and discussed how Danone would fare under its new CEO.

The year in review - the most-read just-food analysis of 2015

17 Dec 2015

From the merger that created Kraft Heinz and ConAgra Foods' decision to split in two, through Nestle's uneven sales performance and on to investment in India and China, our analysis pages got you clicking this year. Here's the top ten most-read analysis articles of 2015.

Food industry news of the week – TreeHouse, Kellogg, Kraft Heinz 

6 Nov 2015

TreeHouse Foods confirmed that it will acquire ConAgra's private brands business for US$2.7bn. Kellogg revealed further declines at its US cereal business. The Kraft Heinz Co. reported its first results as a combined group – and detailed further job cuts. Here are the highlights from just-food this week. 

Kraft Heinz to close seven US, Canada plants, 2,600 jobs to go

5 Nov 2015

Kraft Heinz Co. is to close seven plants in the US and Canada, a move which sees 2,600 jobs axed.

Why investors are concerned about water risk management

27 Aug 2015

A group of 60 institutional investors has written to 15 food and drink companies urging improvement in how they manage and report on water risk in their own operations and in their supply chains. Ben Cooper reports.

Kraft Heinz sales do not wow but earnings outlook bright

17 Aug 2015

Kraft Heinz Co. last week gave some indication of the financial performance of its constituent parts when the newly-formed company published second-quarter numbers for the former Kraft Foods and HJ Heinz, the last periods as independent entities before the merger closed in July. Lacklustre sales trends remain but the group is also positioned to meet its long-term margin potential and could emerge a beneficiary of potential sector consolidation. Katy Askew reports.

Food industry quotes of the week - Kraft Heinz, Nestle

14 Aug 2015

This week, Kraft Heinz Co. announced it was axing 2,500 jobs as it moves to "streamline" its structure. Elsewhere, Nestle reported its first-half numbers and cautiously indicated some improvement in China.

Kraft Foods and Heinz post lower sales for Q2

11 Aug 2015

Kraft Foods Group and HJ Heinz both booked lower sales in the second quarter of the year, newly-combined Kraft Heinz Co. has said.

Warren Buffett cools Kraft Heinz, Mondelez talk

10 Aug 2015

Warren Buffett today (10 August) appeared to pour cold water on the prospect of Kraft Heinz Co. making a move for Mondelez International in the near term.

Activist Ackman takes US$5.5bn stake in Mondelez

6 Aug 2015

Activist investor William Ackman has built a stake valued at around US$5.5bn in Oreo owner Mondelez International.

Kraft Heinz silent on Missouri job cut reports

13 Jul 2015

The Kraft Heinz Co. has declined to comment on reports that it is preparing to shed 150 jobs in Columbia, Missouri, as the group prepares to invest in upgrading equipment at the site, which manufactures Oscar Mayer hot dogs.

Kraft Heinz unveils post-merger management structure

30 Jun 2015

The Kraft Heinz Co. has revealed its senior leadership team as details emerge of how the company will operate after the merger of HJ Heinz and Kraft Foods Group is completed.

Heinz hit with trans fat lawsuit

24 Jun 2015

A lawsuit has been filed against Heinz alleging that the company's that Ore-Ida branded French fries and tater tots falsely claim to contain zero trans fats.

Comment: Why M&A activity looks set to rise

17 Jun 2015

The global food sector has seen an array of M&A ranging from the mega deals such as Heinz-Kraft to the more commonplace bolt-on acquisitions as large corporations gobble up smaller players to plug gaps in their portfolios. While the food sector has seen a busy period for deal-making, according to research from Ernst and Young, this could actually intensify in the next 12 months. Katy Askew reports.

"Worms found" in Heinz Complan in India

16 Jun 2015

Indian food safety regulators have reportedly confirmed the presence of worms in a pack of Complan manufactured by Heinz.

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.

Heinz in "ongoing communication" with Indian officials

9 Jun 2015

HJ Heinz, the US ketchup maker, has stressed its products on sale in India meet local regulations as the company confirmed it is in "ongoing communication" with Indian food quality regulators.

Indian authorities "looking at Heinz, Kellogg" after Maggi row

8 Jun 2015

Indian food safety authorities are reportedly examining popular packaged foods manufactured by the likes of Heinz and Kellogg after a row erupted over Nestle's Maggi noodles.

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.

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