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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.

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.

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.

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%.

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).

Boulder Brands cuts 2015 sales forecast

27 Feb 2015

Shares in Boulder Brands tumbled yesterday (26 February) after the US food group cut its forecast for 2015 sales, pointing to expected lower growth from its gluten-free brands.

Boulder confirms losses on Smart Balance charges

6 Nov 2014

One-off charges related to Boulder Brands' under-performing Smart Balance brand have led the US food group to generate an operating loss in the third quarter of the year.

Food industry news of the week: Chiquita, Premier Foods, LDC

24 Oct 2014

The most eye-catching story came on Friday with the surprise news Chiquita Brands International shareholders had voted against the US produce group's plan to merge with Fyffes.

Editor's viewpoint: Boulder Brands should consider Smart Balance sale

23 Oct 2014

The US spreads and gluten-free group saw its shares slump yesterday after warning about its short-term profitability. Boulder's Smart Balance business continues to struggle and Dean Best argues the company should be mulling the brand's future within the group's portfolio.

Boulder Brands shares tumble after warning of Q3 loss

22 Oct 2014

Shares in Boulder Brands slumped today (22 October) after the US spreads and gluten-free business said impairment charges on its Smart Balance business would lead it to report a third-quarter loss.

just-food's review of 2013: the year's most-read interviews

19 Dec 2013

2013 was a bumper year for senior executive interviews on just-food and your top ten most-read pieces included our meetings with the CEOs of Nestle, Unilever and Greencore.

US: Boulder Brands creates COO role

8 Oct 2013

Boulder Brands, the US company behind Udi's gluten free and Smart Balance spreads, has created a new role of COO to oversee operations at the business.

US: Boulder Brands ups EBITDA forecast after "terrific" Q2

1 Aug 2013

US dairy and gluten-free firm Boulder Brands has upped its EBITDA forecasts after a "terrific" second quarter, boosted by M&A and higher sales on an organic basis.

US: Boulder invests in diabetes brand, hints at more deals

11 Jul 2013

US firm Boulder Brands has bought 80% of GlucoBrands, the owner of Level Life Foods, a brand aimed at those with diabetes - and struck a new financing deal it said could help secure more acquisitions.

US: Boulder Brands agrees Smart Balance milk deal

11 Jul 2013

US food group Boulder Brands has decided to operate its Smart Balance milk line through a licence deal with co-packer Byrne Dairy.

US: Mixed results from Smart Balance

9 Nov 2012

US natural food group Smart Balance has booked a drop in third-quarter earnings, despite higher sales and operating profit.

US: Smart Balance changes name in organisational shake-up

3 Oct 2012

New Jersey-based Smart Balance has unveiled plans to change its name to Boulder Brands and reorganise the company into two business segments.

US: Smart Balance upbeat on sales, but H1 profits drop

3 Aug 2012

Smart Balance has said that first-half results were in-line with its expectations, despite reporting a 39% drop in net profit.

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

5 Aug 2011

This week, Kraft announced plans to split the company in two, while speculation continued that Unilever might sell-off its food division. Meanwhile, Premier Foods booked what it described as a "poor" first-half and Smart Balance acquired gluten-free manufacturer Glutino. Here's the best of what was said this week:

US: Smart Balance ups FY sales, profits targets

4 Aug 2011

Smart Balance today (4 August) upped its full-year sales and earnings forecasts after it swung into the black in the first half of the year and acquired Canadian gluten-free firm Glutino Food Group.

US/CANADA: Smart Balance snaps up Glutino Food Group

4 Aug 2011

US health food manufacturer Smart Balance has struck a US$66.3m deal to acquire Canadian gluten-free food firm Glutino Food Group.

US: Smart Balance appoints two executives to its board

6 Jul 2011

US health food manufacturer Smart Balance has appointed an advisor to private-equity firm Oaktree Capital Management to its board.

US: Smart Balance Q1 net profit up despite sales decline

5 May 2011

US food manufacturer Smart Balance said that first-quarter net profit was up despite sales being hit by the timing of Easter, the discontinuation of sour cream and higher promotional spending.

US: Smart Balance underlying FY profits rise as Q4 sales quicken

25 Feb 2011

Smart Balance, the US maker of "heart healthy" food products, has posted a rise in underlying profits for 2010, helped by accelerating sales in the fourth quarter of the year.

US: Smart Balance launches lactose-free milk product

5 Oct 2010

US food group Smart Balance has introduced a lactose-free, fat free and enhanced calcium milk product called Smart Balance Lactose-Free Fat Free and Calcium milk.

US: Smart Balance to launch organic soy milk

27 Jul 2010

Smart Balance has announced its entry into the US organic soy milk category with the launch of Earth Balance Organic Soymilk.

US: Smart Balance slashes full-year targets

15 Jun 2010

Smart Balance has cut its outlook for the year, saying the past two months have been "particularly challenging".

US: Smart Balance earnings improve, sales slow

25 Feb 2010

Smart Balance, a US firm making "heart-healthy" foods, said today (25 February) that it had seen earnings improve during the last quarter of 2009 - but promotions and a dip in volumes weighed on sales.

US: Smart Balance to launch share buyback

17 Dec 2009

The board of Smart Balance, the US maker of "heart healthy" foods, has authorised a two-year share buyback programme of up to US$25m.


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