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“Severe impacts are already strongly visible in the form of higher and more volatile input costs,” the five-strong group says.
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In a statement, the regulator said the companies participated in a “single, complex and continuous” market-sharing agreement.
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The UK-headquartered owner of the Birds Eye, Iglo and Findus brands said the proposed move is aligned with the “long-term productivity programme” unveiled last year.
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The company operates a single plant in Georgia and generated around $50m in revenue in 2025, Sigma said.
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US food majors are cutting prices to win back volume but stronger private labels and competition from emerging brands mean strategists need more durable solutions.
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The funds will support machinery upgrades and increase production capacity.
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“If the competitiveness of our companies continues to decline, production risks shifting to countries where production is cheaper” – trade body Fevia.
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The company will remain headquartered in California, with plans to expand supply operations across South America, Mexico and Europe.
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