South Africa’s Pioneer Food Group this week announced a move to add a branded business to its private-label operations in the UK, with a deal for Fruit Bowl maker Stream Foods. In the US, baked goods group Give and Go finalised its sale to private-equity firm Thomas H. Lee Partners. And, amid this week’s run of financial results, Kellogg‘s stood out for its new targets on some profitability metrics. Click on the headlines for more.
Pioneer Food Group buys UK snack maker Stream Foods
South Africa’s Pioneer Food Group has struck a deal to buy Stream Foods, the UK producer of the children’s snacking brand Fruit Bowl, from local business Wellness Foods.
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Thomas H. Lee completes Give and Go acquisition
Canadian thaw-and-serve baked goods company Give and Go Prepared Foods Corp said today (4 August) that it had completed its sale to affiliates of private-equity group Thomas H. Lee Partners.
Kellogg ups 2016 earnings target and 2017/18 margin goal
Kellogg has lifted its forecast for underlying earnings per share for 2016 – and raised its target for underlying operating margin for 2017/18.
Kettle Cuisine creates nationwide US fresh soup maker with Del Monaco Foods acquisition
US soup maker Kettle Cuisine has acquired California-based Del Monaco Foods in a move the company claimed creates the “first coast-to-coast” fresh soup supplier in the US.
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Brazil beef trade deal angers US cattle industry
The US government has reached an agreement under which Brazil will open up its market to US beef and beef products for the first time since 2003.
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