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. Click on the headlines to read the stories in-depth.
Belgium-based Lotus Bakeries has struck its second acquisition in the UK in four months with a move to buy Bear snacks owner Urban Fresh Foods.
Fonterra is to offload its yoghurt and dairy desserts business in Australia to Parmalat, the Italy-based group owned by France’s Lactalis.
General Mills today (17 December) lowered its forecasts for annual sales and earnings on the back of lower sales in the second quarter, when the US group’s domestic performance was subdued.
Dunbia, the UK-based meat processor, is mulling how to “maximise the potential” of the company after attracting interest in the business.
Russian food producers have failed to raise their output sufficiently to fully compensate for the gap left by the country’s ban on western food importers, the Central Bank of Russia has said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Irish dairy co-operative Ornua has sold a majority stake in its US food distribution business, DPI Specialty Foods, to private-equity firm Arbor Investments in order to reallocate resources to its core business.
Tiger Brands has sold its share in its loss-making Nigeria business, Tiger Branded Consumer Goods of Nigeria, to partner Dangote Industries.
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.
WhiteWave Foods is pulling “Australian-style” yoghurt brand Yulu, nine months after launching the product in the US.