Greencore this week announced an acquisition in the US that will quadruple its sales in the market and make the Irish group a more national player in the country. Thailand’s Charoen Pokphand Foods also announced its own US deal, buying frozen-food group Bellisio Foods. And we spoke to Nestle about travel retail, UK popcorn maker Joe & Seph’s about Brexit and Welsh Hills Bakery about its plans to enter China.
“The acquisition of Peacock will transform our US business” – Greencore CEO Patrick Coveney on the Ireland-based convenience food group’s US$748m purchase of US peer Peacock Foods.
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“This transaction marks the first step of our entry into the world’s largest food market, where we see significant growth and synergy opportunities” – Adirek Sripratak, the CEO of Thailand-based food giant Charoen Pokphand Foods, on the company’s $1.08bn acquisition of US frozen-food maker Bellisio.
“I think it’s a bit early, candidly, for me to talk to it. We’re still working on multiple different projects with Nissin. You can be sure that it’s a question that the board will be asking as well” – after unveiling three initiatives between Premier Foods plc and Nissin Foods Holdings, Gavin Darby, the CEO of the UK group, answers one analyst who asked what the “materiality” of the company’s product development and distribution work with its Japanese partner (and shareholder) will be in the next five years.
“The whole world of millennial consumer and the emerging middle-class consumer in Asia and LatAm continually creates opportunities for us” – Stewart Dryburgh, the general manager of Nestle’s international travel retail unit, talks to just-food about the factors that can drive the food giant’s business in the channel.
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“My view on [Brexit] was anything from a business perspective that increases uncertainty is probably worth avoiding. Now we are where we are. I’m pretty positive about the next few years in sales” – Adam Sopher, the co-founder of fledgling UK popcorn firm Joe & Seph’s, tells us how he feels about the UK leaving the EU.
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