In the US, a market where volume sales have been and remain under pressure, it has been expected in certain quarters that boardrooms would increasingly run the rule over potential acquisitions. Hillshire Brands executives have...
Hillshire Brands has unveiled plans to acquire US peer Pinnacle Foods in a cash-and-shares deal worth US$6.6bn. The company argues the deal will bring operational benefits, competitive advantages and cross-selling opportunities. However, the high level of debt Hillshire will take on may raise some eyebrows. Katy Askew reports.
Hillshire Brands has struck an agreement to buy fellow US food group Pinnacle Foods in a cash-and-shares deal worth US$6.6bn.
Desperate for growth in a moribund trading environment, there are signs some food manufacturers operating in the US are using acquisitions to bolster their presence in more vibrant parts of the industry. Should others follow?
US food maker Hillshire Brands has struck a deal to buy waffle and pancake manufacturer Van's Natural Foods from private-equity firm Catterton Partners for US$165m
US frozen pie and chilled meats firm Hillshire Brands has signed an agreement to acquire the maker of Golden Island jerky products. The deal, for an undisclosed sum, will provide…
Pinnacle Foods has had an eventful six months. Kicking off the year with the launch of an IPO, the US food group went on to report impressive first-quarter earnings. While…
US food group Pinnacle Foods has said it has the capacity to continue pursuing M&A despite just agreeing a deal to acquire Unilever's Wish-Bone salad dressings business. Pinnacle this week…
Unilever said today (12 August) it had struck a deal to sell its Wish-Bone and Western dressings brands to US food group Pinnacle Foods for US$580m. The agreement does not…
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