Amplify Snack Brands, the US snack business, this week announced its biggest takeover to date, with a deal to buy UK crisp firm Tyrrells from private-equity firm Investcorp. US bakery giant Flowers Foods issued a profit warning alongside news it has hired Accenture to help with a review of the business. And meat giant OSI Group outlined plans to take control of Dutch convenience food firm Baho Food.
US-based Amplify Snack Brands has struck a deal to buy UK crisp maker Tyrrells from Bahrain-based private-equity firm Investcorp in a cash-and-shares deal worth GBP300m (US$392m).
Flowers Foods has announced a “comprehensive business and operational review” amid what the US baked goods group called “increased competitive activity and weak demand”.
Israel’s health ministry has suspended Unilever‘s manufacturing licence in the country after breakfast cereal thought to be tainted with salmonella was dispatched from one of the company’s plants in southern Israel to supermarkets.
The CEO of Hampton Creek has hit back at claims the US eggless mayo maker used employees to support an undercover operation to buy hundreds of jars of flagship product Just Mayo while investors were sought to buy equity in the fledgling firm.
Confectionery giant Perfetti Van Melle is to launch one of its flagship brands, Chupa Chups, into India.
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US meat processor OSI Group plans to take a “controlling stake” in privately-owned Dutch firm Baho Food, which supplies convenience foods to 18 markets in Europe.
Organto Foods, a Canada-based fresh-cut organic produce specialist, has ambitious plans to develop its business into the world’s leading organic produce brand. Katy Askew spoke to Peter Gianulis, president and CEO of the farm-to-fork produce group to find out how it intends to deliver.
Canadian pork and poultry processor Olymel is to end ham deboning operations at its plant in Saint-Hyacinthe, south-western Quebec, by September 2017 with the loss of 340 jobs.
WhiteWave Foods, the US group set to be taken over by Danone, revealed a recent acquisition in Mexico as it published its half-year results this week (9 August).
Germany-based manufacturer of organic and vegetarian products Tofutown is set to boost production and develop new products following the acquisition of a new manufacturing facility.