General Mills this week announced another acquisition, following up its move for Brazilian yoghurt maker before Christmas with a deal for US meat snacks firm Epic Provisions. Ahead of the holiday period, speculation emerged UK company 2 Sisters Food Group was seeing what interest there is in the market for its biscuits unit Fox’s, although the talk was cooled this week. Elsewhere, Danone said it would end production at two plants in Russia, PepsiCo was upbeat about the prospects for Doritos in India and the US reacted to the release of the latest Dietary Guidelines for Americans.
General Mills buys US meat snacks maker Epic Provisions
General Mills has snapped up US-based meat snacks company Epic Provisions, the group’s second acquisition in two weeks.
Talk of Fox’s biscuits sale played down
The prospect of a sale of UK biscuit brand Fox’s by owner Boparan Holdings has been played down by sources familiar with the matter.
Quote, unquote – reaction to US Dietary Guidelines for Americans
The US government outlined new dietary guidelines yesterday (7 October) that will inform healthcare professionals, consumers and – significantly policy-making over the next five years. The response has – predictably – been mixed. Health campaigners and lobbyists have praised the government’s findings. Food sector lobbyists were pleased that the guidelines watered down prior discussions, particularly on issues such as taxation and sustainability. However, the recommendations were not roundly welcomed in all quarters.
Danone to end production at two Russia plants
Danone is to end production at two of its dairy factories in Russia during the first quarter of the year.
The European Candy Group acquires German peer Sula
Dutch confectionery firm The European Candy Group has acquired Misa Deutschland, the holding company of sugar-free confectionery manufacturer, Sula.
PepsiCo confident over Doritos launch in India
PepsiCo has said it believes its international tortilla chip brand Doritos can be a success in India, where the snacks giant has just launched the snack.
Greenyard Foods acquires mushroom canner Lutece
Greenyard Foods has acquired Lutèce, a maker of canned mushroom products, from Netherlands co-operative CNC.
Tulip production switch puts 430 UK jobs “at risk”
Tulip, the UK arm of Danish Crown, has confirmed that 430 jobs are at risk at its cooked meat operations in Bodmin.
Glendale Foods eyes growth after MBO
Management of UK food manufacturer Glendale Foods have taken full control of the group following a partial shareholder buyout for an undisclosed sum.
Column: New private-equity giant L Catterton will stir interest in M&A circles
A striking transaction has been announced in the private-equity world, with US buy-out house Catterton to join forces with the investment arm of luxury goods group LVMH – and right along the consumer-facing parts of the food sector companies will be watching closely.