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.
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 announced its latest move in an emerging market in March, with a deal to buy the dairy business of Indian conglomerate Anik Industries.
In May, Skippy peanut butter owner Hormel Foods struck a deal to buy US nut-butter product maker Justin’s.
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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In April, Danone announced plans to invest in expanding its production capacity for infant formula products in India.
In March, Glanbia, the Irish dairy, ingredients and sports nutrition group, revealed it was looking to make more acquisitions, MD Siobhán Talbot has said.
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.
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.
In February, Nestle announced it was launching Damak, its premium Turkish chocolate brand, in the US.
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.