M&A activity continued to heat up this week, despite the snow continuing tpo fall across western Europe, with DSM’s purchase of Martek, the completion of Sodiaal’s purchase of Entremont Alliance and Tesco’s acquisition of Penta’s Czech stores. And, amid the cold weather, UK retailers ploughed on and insisted they were performing well. Here is the best of who said what this week on just-food.
“The chain is a good fit with our Express format and we feel we can make improvements to the stores’ range, price and overall customer shopping trip” – Philip Clarke (pictured), CEO of Tesco’s international business, talks about the benefits of the purchase of the Czech Zabka chain.
“They know each other already pretty well and extensively, so in that sense, from management and cultural integration points, it seems to be a very clean fit” – Petercam analyst Jan van den Bossche on the benefits of DSM’s purchase of Martek.
“There was no revised offer, it was just like shuffling the deckchairs on the ship, that’s all” – Ian Wright, campaign officer for Unite is “disappointed” with unresolved talks with Heinz over an ongoing pay dispute.
“The sale of this company will allow Nestle in Russia to focus resources on its well established core confectionery brands such as Kit Kat, Rossiya-Schedraya Dusha and Nestle” – Stefan De Loecker, CEO of Nestle Russia on the sale of candy business Altai Confectionary.
“Based on the weather now, that was the right decision. We wanted to ensure we didn’t disappoint any customers” – Asda takes the decision that any non-food orders placed after 13 December will not be delivered due to the bad weather.
“We have three options regarding Polish Zabka. One is to sell the company 100%, the second option is to float it on the Warsaw Stock Exchange, and the third option is really to keep the company fully in our hands, as we see good potential in the growth of the business” – a spokesperson for Penta mulls the decisions it may make on the sale of its Polish retail chain Zabka.
“There can be no certainty at this stage as to whether this will result in an offer being made for Northern Foods” – Boparan Holdings’ owner, food tycoon Ranjit Boparan, mulls a hostile takeover offer for Northern Foods.
“Consumers are shopping from lists, making more quick trips to the store instead of stocking up as much, and being as value-conscious as we’ve ever seen” – Gary Rodkin, ConAgra’s CEO believes the company will benefit from its moves to increase the prices on its products and generate cost savings.
“We had to use two ground monitors because it was quite a sizeable fire. About 50% of the building was consumed in the fire” – A spokesperson for West Yorkshire Fire Service on the fire at the Parkam Foods facility.
“It gives us a real credibility and it also demonstrates that we can effectively organise an industry response and certainly under this coalition government if we’re looking at responsibility deals, big society approaches and so on, I think that’s quite a telling argument” – Andrew Kuyk, the FDF’s director of sustainability believes a developed sustainability strategy offers more than simply showing the industry in a good light and assisting with the lobbying process.