CANADA: Premium Brands Inc. announces strategic reorganization
The Corporation also announced that its 51% (34% on a fully diluted basis) owned subsidiary, Goodlife Brands Inc., will amalgamate with certain of its subsidiaries. Under the terms of the amalgamation, Premium Brands will issue 1 share for each 5 shares in Goodlife Brands, resulting in the issuance of approximately 2 million shares, and the acquisition of the minority interest in Goodlife Brands.
Sectors: Ice Cream
Companies: Schwan’s Company
ANALYSIS
Increased sophistication within US ready meals sector
Retail value sales of ready meals in the US slid 0.9% year-on-year to US$20.4bn in 2004. The decline was brought on by waning consumer interest in low-carbohydrate diets and many manufacturers found t...
NEWS
UK: Freeman returns to Schwan’s UK as MD
Steve Freeman has returned to Schwan's Consumer Brands, the UK unit of the US frozen pizza manufacturer, as managing director....
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US: Schwan acquires Holiday Foods
The Schwan Food Company has announced that it has acquired Holiday Foods through its subsidiary Camden Foods....
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UK: Schwan's launches new desserts under Chicago Town brand
The UK unit of US food company Schwan's is to extend its Chicago Town portfolio to include a new range of desserts....
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