Premier Foods again grabbed the industry headlines this week – but this time the story is less about its future as a viable business and more its status as an independent company, with US group McCormick & Co. eyeing the business. In the US, a number of the country’s largest food manufacturers announced plans to introduce GMO labelling. Meanwhile, one of those companies – General Mills – published its third-quarter results, with its domestic yoghurt business looking a problem area. Click on the links for more.
Takeover interest in Premier Foods
A dedicated page where you can read how the UK group has rebuffed two approaches from US spices and sauces maker McCormick & Co., while signing a tie-up with Japan’s Nissin Foods Holdings, which has bought a chunk of the Mr Kipling maker.
Go deeper with GlobalData
GMO labelling in the US
This week, a flurry of major names in the US food industry said they would put labels on products on sale in the country that contained genetically-modified ingredients, moves with an eye on regulations set to come into force in Vermont in July. GM ingredients – and whether and how to label them – is fiercely debated at the moment and here we give a run-down of the latest developments.
Yoghurt leaves sour taste for General Mills
Yoghurt in the US is the latest niggle on General Mills’ list of woes, the Yoplait owner revealed on a conference call in the wake of the publication of its third-quarter results this week.
Pulmuone acquires assets from Vitasoy International US unit
South Korean tofu maker Pulmuone Co. is expanding its business in the US through the acquisition of some assets in the market from Hong Kong-based Vitasoy International.
See Also:
Arla Foods, Dairy Farmers of America announce cheddar cheese joint venture
Arla Foods has announced it is entering into a joint venture with Dairy Farmers of America for the production of cheddar cheese.
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