A rush of M&A activity this week spelt a positive five days for the industry as chief executives laid out their plans for the future. The most poignant was Tate & Lyle’s sale of its European sugar operations. Despite losing an iconic brand in Lyle’s Golden Syrup, chief executive Javed Ahmed is confident the firm will become the leading provider of speciality ingredients and food solutions worldwide. Here we take a look at who said what this week.
“We are in a very competitive environment. So, every year you go into as a CFO I always have some concerns about how the year is going to unfold” – General Mills CFO Don Mulligan acknowledged the “very competitive” trading conditions in the US
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“They’re doing great stuff, working back through their supply chains to cut out waste, to cut out energy use, to reduce emissions. So we admire what they’re doing and we really feel that we can learn a lot from them” – Megan Hellstedt, director of corporate responsibility at Delhaize Group recognises that some of its suppliers are very advanced in their sustainability work
“As you may know, we have invested heavily in new factories in emerging markets. We now have our own production sites in China, Malaysia, Mexico, Brazil, and Russia” – Gaby Tschofen, vice president of corporate communications for Barry Callebaut talks about the company’s growth plans
“The media will focus on the disposal of yet more well-loved British brands to the Americans. But for us this is no Cadbury. Behind the facade of iconic brands lay a crumbling economic model that we think it was beyond Tate to fix” – Investec analyst Martin Deboo discusses the Tate & Lyle sale
“Our aim is to be the most enterprising dairy marketing company in the UK and a leading supplier of cheese, butter and other dairy products to the retail and foodservice sectors” – Kerrygold MD Carl Ravenhall, who will become MD of Adams Foods explains the rationale behind The Irish Dairy Board merge
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By GlobalData“China’s agricultural market is growing in both supply and demand and represents significant growth opportunities for ADM” – ADM chairman, CEO and president Patricia Woertz eyes growth with China investments
“As I have said previously, we are strong believers in the US livestock community and we will continue our efforts to bring efficiencies to the sector for the benefit of all” – Wesley Batista, CEO of JBS USA discusses the purchase of McElhaney Feedyard
“There is a real need for making some clear choices and a real need for focus. We want to become the leading provider of speciality ingredients and food solutions worldwide” – chief executive Javed Ahmed outlines the firm’s aspirations following the sale of Tate & Lyle’s European sugar operations
“We received news that the EU has approved our promotion campaign for funding and we’re absolutely delighted with the outcome, it’s a great boost to the organic sector” – Catherine Fookes of Sustain is pleased with the EU decision
“This exciting new venture for Waitrose echoes the strong appetite for food education as a result of the growth of celebrity chefs and food programming, coupled with the lack of nutrition education since it was removed from the National Curriculum in 1984” – Waitrose executive chef, Neil Nugent discusses the new Waitrose Cookery School
