Weetabix

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Weetabix cuts sugar in Crispy Minis cereal line

4 Jan 2019

Weetabix, the UK-based cereal maker owned by Post Holdings, has reduced the amount of sugar in a range sold in its domestic market.

Post Holdings' Weetabix eyes closure of UK plant

10 Sep 2018

Weetabix, the UK-based cereal manufacturer, is looking at plans to close one of its production facilities in the English town of Corby, as part of plans for "long-term growth".

ABF eyes protein trend with new Ryvita line; Kerry adds chicken sausages to Richmond range; Weetabix On The Go Kids cereal drink debuts in April; Sonic Drive-In brands hit US stores

6 Apr 2018

just-food publishes the most notable product development from the international food sector, presented in bitesize format to give you a flavour of the innovation from your peers and competitors announced this week.

Earnings summary - Post Holdings revises EBITDA guidance; Hershey estimates Amplify boost - but Q4 profits miss; Unilever's foods, refreshments beat total sales growth; Saputo pressure on Q3 underlying profits

2 Feb 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Weetabix's UK chief Sally Abbott sets out stall in tough market and under new owner - interview

10 Aug 2017

After almost five years under the ownership of China's Bright Food, Weetabix is a month into life as part of US-based Post Holdings, which acquired the UK breakfast cereal business in July in a deal worth GBP1.4bn (US$1.83bn). Weetabix's UK and Irish division also has a new managing director, Sally Abbott, previously the group's global marketing director. Dean Best caught up with Abbott as she gets to grip with running Weetabix's largest unit under a new owner.

Post Holdings keeps FY forecasts despite Q2 earnings miss

9 May 2017

Post Holdings, the US cereal-to-eggs supplier, has maintained its forecast for underlying earnings despite a fall in its second quarter.

Post Holdings discusses rationale for Weetabix - five things to learn

20 Apr 2017

Post Holdings, the US food group, was this week announced as the new owner of Weetabix, the UK-based breakfast cereal business. The GBP1.4bn deal sees Post, one of the major cereal companies in the US, take on one of the leading players in the sector in the UK but one seeing muted growth in a challenging market – and a business seen to have hardly prospered under the ownership of China’s state-backed giant Bright Food. Post discussed its move with Wall Street analysts on Tuesday and Dean Best presents the key takeaways.

Update 2 - Weetabix "opens up M&A opportunities" - Post Holdings

18 Apr 2017

Post Holdings' takeover of Weetabix will provide the US group with more opportunities to make further acquisitions, its president and CEO Rob Vitale said today (18 April) after announcing the GBP1.4bn (US$1.79bn) purchase of the UK business.

Update - Post Holdings confirms Weetabix deal

18 Apr 2017

Post Holdings, the US group behind breakfast cereal brands Grape-Nuts and Honey Bunches of Oats, this morning (18 April) confirmed it has struck a deal to buy UK business Weetabix in a deal worth GBP1.4bn (US$1.76bn).

Post Holdings 'secures Weetabix' in US$1.76bn deal

18 Apr 2017

Post Holdings has reportedly sealed a deal to acquire UK cereal business Weetabix from its Chinese owners, Bright Food Group, for US$1.76bn. 

Post Holdings 'close to acquiring Weetabix'

28 Mar 2017

US breakfast cereal business Post Holdings is reportedly set to buy UK peer Weetabix, with a GBP1bn-plus (US$1.2bn) deal that could be announced this week.

Post Holdings 'one of two left in race for Weetabix'

9 Mar 2017

Post Holdings, the US breakfast cereal business, is reportedly one of two bidders left in the race to buy UK peer Weetabix.

Who will have their Weetabix? - analysis

31 Jan 2017

Almost five years after Bright Food snapped up a majority stake in Weetabix, the state-backed Chinese group is said to be looking to offload its shares in the UK-based breakfast cereal business. Speculation started before Christmas and, although Bright Food sought to cool the chatter, the rumours have intensified, with four bidders apparently preparing to table offers. Dean Best surveys the purported runners and riders.

Weetabix plans GBP30m investment as bidders line up 

30 Jan 2017

Weetabix has confirmed that it will push ahead with a GBP30m (US$37.6m) investment to increase production as Nestle, General Mills, Post Holdings, Associated British Foods and Barilla reportedly line up to submit bids for the business. 

Update - Pladis not bidding for Weetabix

23 Jan 2017

Pladis, the UK-based subsidiary of Turkish food conglomerate Yildiz Holding, has said it is not among firms reportedly lining up to take control of Weetabix, the UK-based breakfast cereal business owned by China's Bright Food.

Weetabix takeover talk gathers pace

23 Jan 2017

Weetabix, the UK-based breakfast cereal business owned by China's Bright Food, is reportedly attracting interest from a number of food multinationals.

Bright Food 'eyeing sale of Weetabix'

21 Dec 2016

China's Bright Food Group is reportedly looking to sell its shares in UK breakfast cereal producer Weetabix.

Strikes planned at UK Weetabix sites in shifts dispute

19 Dec 2016

Staff at Weetabix in the UK today (19 December) voted to strike on unspecified dates in 2017 at two sites following a "breakdown" in talks with the cereal maker over the introduction of a new shift pattern, say union leaders.

Pioneer Food Group buys into Weetabix east Africa unit

16 Nov 2016

South Africa's Pioneer Food Group has acquired a 49% stake in the east African business of UK breakfast cereal group Weetabix.

Weetabix plans to roll out traffic-light labels after initial launch

8 Sep 2016

Weetabix, the UK-based breakfast business, has said it plans to roll out traffic-light nutrition labels onto all the cereals sold in its domestic market over the next year, following its decision to start using the lights on two lines this month.

Food industry news of the week - Bear snacks takeover, Fonterra sells yoghurt unit, General Mills' new forecasts

18 Dec 2015

Belgium's Lotus Bakeries this week struck its second piece acquisition in the UK in four months, with a deal to buy Bear snacks owner Urban Fresh Foods. Our M&A pages also included news Fonterra is selling its Australian yoghurt business to Lactalis's Parmalat and Ornua is offloading US distribution asset DPI. Elsewhere, the Russian central bank said domestic producers had, in most categories, failed to meet the shortfall in production from Moscow's import restrictions on the west.

Weetabix launches "high-protein" cereal in UK

14 Dec 2015

Weetabix has made another move to target interest in protein in the UK with the launch of a version of its flagship product that is enriched with the ingredient.

Who could swoop for Diamond Foods? 

1 Oct 2015

Diamond Foods side-stepped market talk it has put itself up for sale and even suggested it would be open to broadening its own portfolio during a conference call with analysts this week. However, this does not mean the US snacks group's management is closed to the idea of the company shopping itself. Katy Askew takes a look at the possibility of a deal and who could be interested in a punt for the Kettle Chips maker.

Weetabix adds protein range to breakfast drinks

26 Jun 2015

Bright-Food owned Weetabix has added a protein-based variant to its On The Go drinks range in the UK in response to growing consumer demand for protein.

Weetabix launches Protein Crunch in UK

9 Jun 2015

UK cereal brand Weetabix is rolling out a "high-protein" cereal product in its domestic market.

Weetabix gets new private-equity investor

22 May 2015

Baring Private Equity Asia has struck a deal to buy 40% of UK-based cereal group Weetabix.

Weetabix linked to new private-equity investor

20 Apr 2015

Weetabix could be set for a new private-equity investor, with claims Baring Private Equity Asia is to buy 40% of the UK-based cereal group.

Bright Food "planning Manassen IPO this year"

9 Jan 2015

Chinese food giant Bright Food Group is reportedly planning to list its Australian unit, Manassen Foods, this year.

Food industry quotes of the week: Yildiz, Muller

7 Nov 2014

This week, Turkey's Yildiz Holding struck a deal - said to be over GBP2bn - to buy United Biscuits and the Turkish group's CEO took to Twitter to hail the agreement. Meanwhile, German dairy giant Muller agreed to buy Dairy Crest's liquid dairy business in the second big deal of the week. Elsewhere, quarterly numbers continued to come in, with Mondelez International lifting its forecast for annual earnings.

Bright Food "eyes 2016 listings for Weetabix, Manassen"

6 Nov 2014

China's Bright Food Co. is reportedly targeting listings of UK breakfast cereal business Weetabix and Australian food group Manassen Foods in the next two years.

1



Forgot your password?