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“I took the company from losing £12m [$16.2m] to making £2m EBITDA in the first year and this will be our fourth year of sustained profit growth,” Toal tells Just Food.
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Concerns over the outlook for supply have pushed up sugar prices in recent weeks. Industry watchers will be watching Brazil’s harvest closely.
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The PaperFlex Consortium also includes Colgate-Palmolive, Mars, Procter & Gamble and Unilever.
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According to its website, Amoy distributes its products in “more than 40 countries”, including the US, Canada and the UK.
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The companies set out the plan in a letter to the UK government, agreeing to “voluntarily” disclose the data from next year.
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The UK-listed food-and-drinks group describes M&A as “a fundamental pillar of our growth strategy”.
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Abbott said in a statement that the settlement “does not represent any finding of fault or liability” related to the recall.
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“We see indications that the business is stabilising, profit margins are improving, and we have a stronger operating foundation” – CEO Alison Lewis.
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