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Aspen Holdings strikes NZ infant formula deal

3 Nov 2014

South African pharma group Aspen Holdings has snapped up 50% of New Zealand infant formula producer New Zealand New Milk.

Nestle offloads baby food brands Alete, Milasan to BWK

29 Sep 2014

Nestle has sold baby food brands Alete and Milasan to German investment firm BWK for an undisclosed sum.

In the spotlight: Heinz's prospects under 3G and Buffett

15 Feb 2013

Heinz stunned the global food industry with news it had agreed to a US$28bn takeover offer from Warren Buffett's Berkshire Hathaway fund and private-equity firm 3G Capital - purported to be the largest-ever deal in the sector. Dean Best looks at what could lie ahead for the US food giant.

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

11 Feb 2013

One story has dominated the industry headlines last week - the deepening and widening horse meat contamination, which has now taken in household brand Findus and a supplier in France. Beyond the debate over food standards and the scrutiny of the supply chain, Dairy Crest admitted it was struggling to find suitable M&A targets, Marks and Spencer said its Simply Food ambitions could lead them beyond France and further into Europe, while Kellogg insisted it was seeing improvement in its business in the region.

SOUTH AFRICA: Competition watchdog to assess Nestle-Pfizer merger

5 Feb 2013

South Africa's Competition Commission will recommend the Competition Tribunal approve the South African leg of Nestle's global acquisition of Pfizer Nutrition, with a number of conditions, at a hearing tomorrow (6 February).

Comment: Nestle turns to emerging markets, Wal-Mart allegations hit the top

30 Apr 2012

Last week started with a bang, when on Monday morning (23 April) Nestle announced that it had beaten off competition from the likes of Danone to secure the baby food business of US pharmaceuticals group Pfizer.

Comment: Nestle pays the piper with Pfizer deal

23 Apr 2012

Announcing its US$11.85bn acquisition of Pfizer's baby food unit this morning (23 April), it was interesting to note that Nestle took a slightly unusual tact in presenting the deal multiples.

US: Nestle acquires Pfizer baby food arm for US$11.85bn

23 Apr 2012

Nestle has agreed a deal to acquire the infant nutrition business of US pharmaceuticals group Pfizer for US$11.85bn.

FRANCE: Danone "raises offer for Pfizer baby food unit"

20 Apr 2012

French food giant Danone has reportedly raised its offer for the infant nutrition business of US pharmaceutical group Pfizer.

UPDATE 2: US: Pfizer seeks "maximum value" from baby food unit

18 Apr 2012

US pharmaceutical group Pfizer has insisted it will get maximum value for its shareholders out of any move to separate its infant nutrition business.

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

27 Feb 2012

This week, just-food was kept busy with news from the Consumer Analyst Group of New York (CAGNY) conference, held in Florida.

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

27 Feb 2012

CAGNY, the annual conference where leading US food makers face Wall Street analysts, saw the likes of General Mills, ConAgra Foods and Heinz this week reflect on the trading challenges facing the industry. Elsewhere, Pfizer tried to cool fresh speculation around the sale of its baby food business, Kerry Group said it would slow its rate of acquisitions this year and there were rumours a French state fund was in talks to invest in poultry giant Groupe Doux.

CAGNY: Heinz open to Pfizer baby-food morsels

24 Feb 2012

Heinz chief executive Bill Johnson has suggested the US food giant would be interesting in buying any assets that could emerge if Pfizer's infant nutrition unit is sold.

UPDATE: US: Pfizer tries to cool baby food "speculation"

24 Feb 2012

Pfizer has insisted claims it has allowed Mead Johnson and Danone to table a joint bid for its infant nutrition business is "speculation" and said no decision has been made over the future of the division.

US: Mead Johnson, Danone "team up on Pfizer baby food bid"

24 Feb 2012

US infant nutrition firm Mead Johnson and French food group Danone, the owner of Aptamil baby formula, is reportedly set to table a joint bid for the baby food business of pharma giant Pfizer.

US: Danone, Nestle "submit bids" for Pfizer baby food unit

20 Feb 2012

Danone and Nestle have remained silent over reports that each company has submitted competing preliminary bids for Pfizer's baby food business.

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

13 Jan 2012

The performance of the UK food retail sector over Christmas came under scrutiny this week and there were some clear winners and losers. Elsewhere, the M&A rumour mill continued to turn, with German yoghurt giant Müller in talks to buy UK milk supplier Robert Wiseman Dairies. In the US, baker Hostess Brands applied for Chapter 11 protection for a second time, Cargill reported its worst quarter in a decade and Archer Daniels Midland announced a swathe of job cuts. On just-food's insight pages, we looked at Bi-Lo's plan to buy fellow UK retailer Winn-Dixie and at the importance of price optimisation.

UPDATE: US: No decision yet on baby food unit, says Pfizer

10 Jan 2012

US pharmaceutical giant Pfizer has said it has yet to decide on whether it will sell its infant nutrition business following claims that HJ Heinz, Nestle and Danone have made bids for the unit.

US: Heinz, Nestle, Danone "bid for Pfizer baby food unit"

10 Jan 2012

HJ Heinz, Danone and Nestle have all been linked to bids for Pfizer's infant nutrition business.

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

31 Oct 2011

We had this week that M&A activity in the food industry - at least in the UK - had slowed in the third quarter of the year but the final three months has seen deal-making return to the headlines with Hain Celestial's takeover of Daniels Group and rumours around the future of Greencore. Click on the headlines for more.

CHINA/US: Mengniu cools talk of Pfizer baby food bid

24 Oct 2011

Mengniu Dairy, China's largest dairy firm, has played down reports that it is preparing a bid for the baby food business of US pharmaceuticals giant Pfizer.

US: Pfizer Q2 infant nutrition sales rise

3 Aug 2011

Pfizer has revealed that its nutrition division reported an increase in second-quarter sales as the US pharmaceuticals group confirmed it is still evaluating the future of the business.

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

15 Jul 2011

Premier Foods' appointment of Kraft's Mike Clarke as its new CEO this week was a surprise move but one welcomed by the market. Investors in Brasil Foods were also cheered by the news that the 2009 merger that created the company was cleared by Brazil's competition watchdog. However, a plan to combine Brazil's largest retailer, CBD, with Carrefour's local operations was halted amid continued opposition from Casino, which prompted the country's national development bank to pull planned funding for the deal. Click on the headlines for more.

UPDATE: US: Pfizer baby food sale could spark bidding war - analyst

11 Jul 2011

Pfizer's plans to sell its baby food business is likely to spark a bidding war between Nestle, Danone and HJ Heinz, according to one analyst.

US: Pfizer considers offloading baby food division

11 Jul 2011

US-based Pfizer has revealed that it is considering shedding its nutrition and animal health businesses.

CHINA: AAK opens China office, appoints country manager

1 Mar 2011

AarhusKarlshamn has opened a sales office in Shanghai and appointed Rick Luo as country manager for China.



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