Premier Foods continued to grab the headlines this week, with the UK group rejected a third proposed offer from McCormick – but indicating it was prepared to sit down and hold talks with its US suitor. Elsewhere, Mondelez International is in talks to sell a clutch of European confectionery assets to French investment firm Eurazeo. And Lactalis, the French dairy giant, has acquired another business in India, a fledgling – but high-potential – market for international dairy companies.
Premier Foods rejects new McCormick proposal – but ready to meet suitor
Premier Foods plc has turned down the latest proposed takeover offer from McCormick & Co. – but the UK group said it was prepared to meet and provide its US suitor with some due diligence.
just-food is giving rolling coverage and analysis of the takeover interest in Premier Foods here.
Lactalis strikes deal for Anik Industries dairy business in India
Lactalis has agreed a deal to buy the dairy business of Indian conglomerate Anik Industries.
Eurazeo announces talks to buy Mondelez International European candy brands
Mondelez International is in exclusive talks over the potential sale of European chocolate brands including Carambar and Terry’s to Eurazeo, the French investment company.
Nomad Foods targets cost savings, “value” proposition to boost profits
Nomad Foods, the European frozen foods group, is looking to slash costs and create more “value” propositions for consumers in a bid to return the company to profitability, which it assures will happen by the second quarter of this year.
Danone drops Karicare in China, focuses on Aptamil and Nutrilon
Danone has confirmed plans to stop selling its New Zealand-made Nutricia Karicare infant formula brand in China in order to increase its focus on developing its Aptamil and Nutrilon brands.
General Mills invests in chilled soup maker Tio Gazpacho
General Mills‘ US investment vehicle 301 Inc. has invested in Tio Gazpacho, a US maker of chilled, ready-to-drink vegetable soups.
Muller plans to close two Scottish dairies
Müller has confirmed it is considering closing two Scottish dairies, in Aberdeen and East Kilbride, as it invests in expanding its larger facility in Bellshill.
Orkla to close two factories in Norway
Orkla Foods has said that it is likely to close two facilities based in Norway as it moves production to Sweden in order to maximise efficiency in its manufacturing base.
Nestle seeks insight into “healthy ageing” with new Singapore R&D facility
Nestle has opened a new research and development centre located in Singapore that will focus on developing products for the ageing population in Asia and globally.
The potential M&A in niche dairy products in the UK – analysis
just-food M&A columnist Stefan Kirk looks at the possible M&A candidates in more niche dairy categories in the UK – and suggests three potential targets.