The year’s most-read news stories included speculation of 3G Capital’s intentions to make more acquisitions in packaged food, Lactalis snapping Indian dairy Anik Industries and Hormel Foods buying US nut butter firm Justin’s. Click on the links for more.
US food stocks rise on 3G Capital M&A talk
On 8 November, shares in US food majors including Mondelez International and General Mills rose yesterday (8 November) after Brazilian reports suggested investment firm 3G Capital is raising US$8-10bn to fund more acquisitions.
Lactalis strikes deal for Anik Industries dairy business in India
Lactalis announced its latest move in an emerging market in March, with a deal to buy the dairy business of Indian conglomerate Anik Industries.
Hormel Foods to acquire US nut-butter product maker Justin’s
In May, Skippy peanut butter owner Hormel Foods struck a deal to buy US nut-butter product maker Justin’s.
Unilever shakes up food research and development
Unilever outlined in October plans move its research and development into food, operations that are located across three sites in Europe, into a new facility in the Netherlands.
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Danone invests in infant formula capacity in India
In April, Danone announced plans to invest in expanding its production capacity for infant formula products in India.
Glanbia ready for more acquisitions
In March, Glanbia, the Irish dairy, ingredients and sports nutrition group, revealed it was looking to make more acquisitions, MD Siobhán Talbot has said.
Almarai confirms interest in National Food Products Co.
Saudi Arabian dairy firm Almarai confirmed in April it was interested in acquiring a “controlling stake” in the UAE’s National Food Products Co., although by the summer the owners of NFPC had reportedly abandoned talks with potential suitors.
Yildiz Holding unifies brands to create global snack giant
In January, Turkish conglomerate Yildiz Holding announced it was bringing its global chocolate and biscuit businesses – including Godiva, DeMet’s, Ulker and United Biscuits – together in a single umbrella subsidiary, called Pladis.
Can Yildiz Holding’s new snacks unit match its ambitions? – just-food analysis from January
Nestle launches Turkish chocolate Damak in US
In February, Nestle announced it was launching Damak, its premium Turkish chocolate brand, in the US.
Bernard Matthews downplays liquidity concerns
In May, UK turkey group Bernard Matthews played down claims it was facing liquidity issues that were reportedly impairing the company’s ability to meet its financial obligations. By September, Bernard Matthews was acquired by the private investment vehicle of Ranjit Singh Boparan, the chief executive of the UK’s 2 Sisters Food Group.
