This week, Turkey’s Yildiz Holding struck a deal – said to be over GBP2bn – to buy United Biscuits and the Turkish group’s CEO took to Twitter to hail the agreement. Meanwhile, German dairy giant Muller agreed to buy Dairy Crest’s liquid dairy business in the second big deal of the week. Elsewhere, quarterly numbers continued to come in, with Mondelez International lifting its forecast for annual earnings.
“United Biscuits is our new star. May it bring good luck to all of us, to our country” – Murat Ulker, Yildiz Holdings chairman, took to Twitter on Monday after the Turkish group announced it was the new owner of United Biscuits.
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“If we can become more competitive and lower our costs, we can unlock other benefits, maybe higher levels of innovation in a fresh milk sector that really hasn’t seen much innovation to date” – a Muller spokesperson tells just-food in the wake of the Dairy Crest liquid dairy operation buy, that the deal will help improve trading conditions in the sector.
“We want to list our foreign core units, this is part of our plans to become an international player and tap the overseas capital markets” – Bright Food vice president, Ge Junjie, hints the business is looking at floating parts of the business – Weetabix included.
“We had a 19% stake in Late July for about seven years. We now have an 80% stake with this latest investment. This was closed late last week” – Rick Puckett, CFO at Snyder’s-Lance, reveals the firm has an 80% stake in the Late July business which will form the platform of its new “better-for-you” snacks division.
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“We are beginning to make conscious cost reduction productivity a part of the DNA. We are starting to see it play through, it’s a critical piece and a critical driver of our margins as we look ahead” – Mondelez International chairman and CEO Irene Rosenfeld emphasises the work the snacks giant is putting in on cost control.
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By GlobalData“There is a relatively new push to have more women in the workforce here in Japan, but we see that as a new opportunity for us” – in an interview with just-food, Kikkoman president and CEO Noriaki Horikiri explains how the soy sauce and seasoning group is reacting to domestic demographic changes.
“You see right now cookies with protein, mayonnaise with protein. Everything has protein without the rationale behind it. It’s important that we educate consumers” – Powerful Yogurt founder and CEO Carlos Ramirez tells just-food there could be a problem of consumers eating too much protein.
“Protein has failed to make the same inroads into the dairy drinks category, with only a small number of niche producers looking to tap into interest in this area. There has, however, been a glut of innovation in the first half of 2014, signalling that the segment may be about to better take advantage of milk’s inherent and fashionable health benefits” – David Faulkner, global food and drink analyst at Mintel, says protein in dairy drinks is something to look out for in the near future.
“Even before the fire was over, we’d already started making plans to resume production as soon as possible” – Derrien Jansen, plant manager at Gerkesklooster, FrieslandCampina’s Netherland-based cheese warehouse which caught fire earlier this year, comments on plans for a EUR30m restoration project.
“The investment in NZNM represents another step towards Aspen’s aspirations to enter the Chinese infant milk formula sector, valued at approximately US$15bn” – Aspen Holdings strikes a deal to buy 50% of infant formula producer, New Zealand New Milk.
