FDBusiness.com

News

£50 Million Telford Expansion Gives Müller 500 Million Pot Capacity

    £50 Million Telford Expansion Gives Müller 500 Million Pot Capacity

A £50 million expansion project by Müller UK & Ireland to build a chilled yogurt manufacturing facility capable of producing 500 million pots each year in Telford, England, has been completed. The investment, which has created 65 new jobs in the area, enables Müller to meet growing demand from consumers for branded and private label yogurts made with […]

Read Full Article

PepsiCo Targets African Growth in $1.7 Billion Deal

    PepsiCo Targets African Growth in $1.7 Billion Deal

PepsiCo has agreed to acquire all the outstanding shares of Pioneer Foods Group of South Africa for approximately US$1.7 billion. Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo’s current line-up, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, […]

Read Full Article

WHO/Europe Studies Find Baby Foods are High in Sugar and Inappropriately Marketed For Babies

    WHO/Europe Studies Find Baby Foods are High in Sugar and Inappropriately Marketed For Babies

Two new studies from WHO/Europe show that a high proportion of baby foods are incorrectly marketed as suitable for infants under the age of 6 months, and that many of those foods contain inappropriately high levels of sugar. WHO’s long-standing recommendation states that children should be breastfed, exclusively, for the first 6 months. Its 2016 […]

Read Full Article

AB InBev to Sell Australian Business For US$11.3 Billion to Asahi Group

    AB InBev to Sell Australian Business For US$11.3 Billion to Asahi Group

Anheuser-Busch InBev has agreed to divest Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group Holdings for Au$16.0 billion, (US$11.3 billion) in enterprise value. The transaction represents an implied multiple of 14.9x 2018 normalised EBITDA.
As part of this transaction, AB InBev will grant Asahi Group Holdings rights to commercialise the portfolio of AB […]

Read Full Article

UK Spirits Boom Shows No Signs of Slowing

    UK Spirits Boom Shows No Signs of Slowing

Spirits producers across the UK are gearing up to dramatically increase production over the next 12 months amid signs that the boom in UK spirits is set to continue, according to research conducted by a campaigning alliance that has just been launched. A poll by Survation for the newly-established UK Spirits Alliance has found that 65 […]

Read Full Article

Interim Revenue and Profits Up at Nichols

    Interim Revenue and Profits Up at Nichols

Nichols, the UK-based soft drinks group, has reported a 10.2% increase in revenue to £71.6 million and a 2.0% rise in profit before tax to £13.3 million for the half year ended 30 June 2019, compared to the corresponding period in the previous year. EBITDA increased by 9.7% to £15.3 million. To support the trading […]

Read Full Article

First Milk Announces Proposed Changes at Scottish Creameries

    First Milk Announces Proposed Changes at Scottish Creameries

First Milk, the UK dairy co-operative, has announced the commencement of employee consultation about proposed changes at its Scottish Creameries. The Scottish Creameries were put up for sale in April 2018 when First Milk announced that its Campbeltown and Arran Creameries were not core to its business strategy for the future.
Despite significant effort over the […]

Read Full Article

Kelsen Group Being Sold For $300 Million

    Kelsen Group Being Sold For $300 Million

CTH, a Belgian holding company affiliated to the Ferrero Group, has agreed to acquire Kelsen Group, the Danish biscuit producer, from US-based Campbell Soup Company for $300 million. The proceeds from the divestiture will allow Campbell to reduce debt.
Based in Nørre Snede, Denmark, Kelsen is a producer of quality baked snacks whose primary brands include […]

Read Full Article

Bidfood Expands its Network

    Bidfood Expands its Network

Bidfood, the UK foodservice wholesaler supplying fresh, frozen, ambient and non-food related products to customers in a wide range of sectors within the foodservice and catering industries, has announced the acquisition of Elite Fine Foods. This is the latest business to join Bidfood’s successful network of independent businesses trading alongside other companies in the delivered […]

Read Full Article

Always Coca-Cola – World’s Favourite Soft Drink Tops Brand Ranking

    Always Coca-Cola – World’s Favourite Soft Drink Tops Brand Ranking

American drinks giant, Coca-Cola, retains its position as the world’s most valuable soft drinks brand after recording a 19% increase in brand value to US$36.2 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. The brand has further widened its lead, as second-placed Pepsi suffers an 8% drop […]

Read Full Article

Karro Food Group Acquiring Young’s Seafood

    Karro Food Group Acquiring Young’s Seafood

Karro Food Group, the UK pork processor, has agreed to acquire Young’s Seafood, the leading seafood manufacturer in the UK, for an undisclosed price. With a turnover of £600 million and operating 12 manufacturing sites across the UK, Young’s Seafood provides a broad portfolio of chilled and frozen fish to Britain’s major retailers, restaurants and […]

Read Full Article

McCain Partners With Plant-based Chicken Nugget Alternative Start-up

    McCain Partners With Plant-based Chicken Nugget Alternative Start-up

McCain Foods, the global leader in frozen French fries, potato specialties and appetizers, has announced a new strategic partnership and lead investment in NUGGS, a New York-based start-up which has developed an innovative plant-based chicken nugget alternative.
The partnership combines NUGGS pioneering textured pea protein technology and breakthrough research & development process with McCain’s production and […]

Read Full Article

ABP Food Group Wins World’s Best Fillet Steak

    ABP Food Group Wins World’s Best Fillet Steak

ABP Food Group, the largest beef processor in Ireland and the UK, was the winner of the World’s Best Fillet Steak at the recent World Steak Challenge 2019, which took place in Dublin. The annual competition sees beef producing nations across the globe compete for these prestigious industry awards. ABP was the most successful Irish […]

Read Full Article

Pea Plant Completion Marks First Phase of £80 Million UK Investment by Princes

    Pea Plant Completion Marks First Phase of £80 Million UK Investment by Princes

International food and drink group Princes, which is part of Mitsubishi Corporation, has completed the first phase of a planned £80 million investment in its Long Sutton site in Lincolnshire, England, with the opening of a new pea plant. The investment is Princes biggest ever capital investment. Long Sutton is the firm’s largest food production […]

Read Full Article

Newly Formed Burts Snacks Targets £100 Million Sales

    Newly Formed Burts Snacks Targets £100 Million Sales

Following its acquisition of Savoury & Sweet in December 2017, Burts Potato Chips has announced that it will now be known as Burts Snacks, highlighting the company’s commitment to becoming the UK’s leading producer of premium snacking products. Burts Snacks will continue to manufacture a range of crisps, popcorn, compression popped and flash fried products […]

Read Full Article

Dairy Crest Rebrands as Saputo Dairy UK

    Dairy Crest Rebrands as Saputo Dairy UK

Following its acquisition by Saputo of Canada, Dairy Crest is changing its name to Saputo Dairy UK. The change of name reflects that Dairy Crest is now part of Saputo, one of the top ten dairy processors in the world. With the expansion of both the Davidstow Creamery in Cornwall and its functional ingredients business, […]

Read Full Article

Brigid Simmonds OBE to Step Down as Chief Executive of British Beer & Pub Association

    Brigid Simmonds OBE to Step Down as Chief Executive of British Beer & Pub Association

After 10 years as Chief Executive of the British Beer & Pub Association, Brigid Simmonds OBE (pictured) has decided to step down. Brigid is leaving to become Chairman of the new Betting and Gaming Council which will combine the Association of British Bookmakers with the Remote Gambling Association. She will step down on Friday 11 […]

Read Full Article

Froneri Enters Israel With Acquisition of Nestlé Ice Cream Business

    Froneri Enters Israel With Acquisition of Nestlé Ice Cream Business

Froneri has agreed to acquire the Noga Ice Creams, subject to regulatory approval. Noga is part of the Nestlé-owned business Osem Group and means Froneri will be entering the Israeli market for the first time. This milestone deal will now bring all of the Nestlé Europe, Middle East & North Africa ice cream businesses into […]

Read Full Article

Müller to Close English Dairy

    Müller to Close English Dairy

Müller Milk & Ingredients (MMI), Britain’s largest producer of branded and private label fresh milk, cream, butter and ingredients products, has confirmed that it is to wind down production at its Foston dairy in Derbyshire with the potential loss of 223 permanent posts. The facility is likely to cease operations by the end of the […]

Read Full Article

Dale Farm Delivers Double-digit Profit Growth and a Leading Milk Price

    Dale Farm Delivers Double-digit Profit Growth and a Leading Milk Price

Northern Ireland-based Dale Farm, the largest UK farmer-owned dairy co-operative, has announced significant increases in profit, return on capital employed (ROCE) and turnover as part of its financial results for the year ending March 2019. Group operating profit rose 18% to £14.3 million, profit before tax was up 19% to £12 million, with EBITDA up […]

Read Full Article

Arla Foods Agrees New Brand License For Middle East Cheese Business With Kraft Heinz

    Arla Foods Agrees New Brand License For Middle East Cheese Business With Kraft Heinz

Arla Foods has agreed a new brand license for the Middle East with Kraft Heinz. The agreement gives Arla the license to use the Kraft® brand for the next 12 years in the Middle East on the cheese portfolio recently acquired by Arla from Mondeléz International. The markets covered by the license agreement include Bahrain, […]

Read Full Article

Orkla Acquires UK Specialty Fudge and Toffee Manufacturer

    Orkla Acquires UK Specialty Fudge and Toffee Manufacturer

Orkla Food Ingredients is to purchase British fudge and toffee manufacturer Confection by Design. Confection by Design offers fudge and toffee to ice cream manufacturers, bakeries and confectioners. Approximately two thirds of its portfolio is distributed by Orkla’s UK subsidiary Orchard Valley Foods. Most of the company’s sales are in the UK (80%), but Confection […]

Read Full Article

Latest Grocery Market Share Insights Reveal Modest Growth For UK Supermarkets

    Latest Grocery Market Share Insights Reveal Modest Growth For UK Supermarkets

The latest grocery market share figures, published by Kantar, show UK supermarket sales grew by 1.4% year on year during the 12 weeks to 16 June 2019. This marks a new milestone for the sector, which is celebrating a three-year trajectory of continuous growth dating back to July 2016.
The modest level of current growth is […]

Read Full Article

Charles Wells Changes Name to Wells & Co

    Charles Wells Changes Name to Wells & Co

Charles Wells, an independent, family-owned business with an estate of award-winning pubs in England, has announced that, in line with the start of construction of its new home in Bedford, it is changing its name to Wells & Co. The creation of its new home and the growing investment in its managed pubs are reflective […]

Read Full Article

Budweiser is Crowned World’s Most Valuable Beer Brand

    Budweiser is Crowned World’s Most Valuable Beer Brand

Budweiser has claimed the top spot as the world’s most valuable beer brand for the first time, overtaking long-standing leader Bud Light, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy.
Budweiser’s brand value has increased 6% to US$7.5 billion, following the immense success of its global sponsorship campaign of the 2018 FIFA […]

Read Full Article

Mars to Acquire a Majority Stake in German Targeted Nutrition Business

    Mars to Acquire a Majority Stake in German Targeted Nutrition Business

US-based Mars has agreed to acquire a significant majority stake in foodspring, one of Europe’s leading and fastest growing premium brands in the functional food category. Based in Berlin, foodspring is a direct-to-consumer targeted nutrition company headed by its founders. On completion of the transaction, foodspring will remain a standalone business led by the founders […]

Read Full Article

Brexit Preparedness at Irish Food and Drink Firms Jumps to 93%

    Brexit Preparedness at Irish Food and Drink Firms Jumps to 93%

Three years since the UK voted to exit the European Union, Brexit preparedness is widespread amongst Ireland’s food and drinks companies at 93% (74% in 2018). However, firms are increasingly concerned by the cost implications of customs compliance and stockholding; potential weak links in logistics and many have halted investment plans due to the continued […]

Read Full Article

Greene King Focuses on Sustainable Growth

    Greene King Focuses on Sustainable Growth

Greene King, the UK pub retailer and brewer, has reported a 1.8% rise in group revenue to £2.217 billion for the 52 weeks to 28 April 2019 as strong sales growth in the Pub Company and Brewing & Brands businesses offset reduced revenues from the planned rationalisation of the retail estate as the group continued […]

Read Full Article

Solid Revenue Growth at Froneri as Significant Investment Programme Continues

    Solid Revenue Growth at Froneri as Significant Investment Programme Continues

Froneri, the international ice-cream manufacturer, has reported solid group revenue growth of 3.6% to €2.6 billion for year ended 31 December 2018. Created in 2016 as a joint-venture between PAI Partners and Nestlé, Froneri is the second largest manufacturer of ice cream in Europe, the third largest worldwide and the number one private label producer […]

Read Full Article

First Milk Acquires Fonterra’s 51% Stake in Fast Forward Joint Venture

    First Milk Acquires Fonterra’s 51% Stake in Fast Forward Joint Venture

First Milk, a wholly British farmer-owned dairy co-operative, has agreed to purchase Fonterra’s 51% share of its Fast Forward joint venture, established in 2011, and has entered a new strategic partnership with Havero Hoogwegt for global WPC80 sales and distribution. From July 2019, First Milk will be the sole owner of the whey protein concentrate […]

Read Full Article

The Lakes Distillery Announces £3.75 Million Investment

    The Lakes Distillery Announces £3.75 Million Investment

The Lakes Distillery, based in Cumbria, England, has secured a £3.75 million investment from a group of investors led by Gresham House Asset Management, a specialist equity investment and asset management company. Joining existing investors and high-net-worth individuals, who recently made an additional £1.6 million investment, this is a milestone for the distillery and Gresham […]

Read Full Article

Kerry Group Inaugurates New €20 Million Production Facility in India

    Kerry Group Inaugurates New €20 Million Production Facility in India

Kerry Group has officially opened its new €20 million production facility in Tumkur, India. The new, state-of-the-art 40,585 square metre facility, located 120 km from Bangalore, will serve Kerry Taste & Nutrition’s global and regional customers in the South West Asia region, with Kerry Taste and Beverage systems for the fast-growing retail and foodservice markets.
This is Kerry Group’s […]

Read Full Article

Lamb Weston to Acquire Australian Frozen Potato Processor

    Lamb Weston to Acquire Australian Frozen Potato Processor

Lamb Weston has agreed to acquire Ready Meals, a frozen potato processor in Australia. Terms were not disclosed. Ready Meals sells frozen potato products under the Harvest Choice brand and operates frozen potato processing and storage facilities in Hallam, Victoria.
Lamb Weston, along with its joint venture partners, is a leading supplier of frozen potato, sweet […]

Read Full Article

Millenials Adopt a Fouth Meal Culture

    Millenials Adopt a Fouth Meal Culture

There has been a 14% average annual growth in food and beverage launches with a snacking claim (Global, CAGR 2014- 2018), according to Innova Market Insights. For most consumers, snacking is a part of daily life and always has been. What is changing is the way people think about snacking and what is considered to […]

Read Full Article

European Commission Proposal to Support Irish Beef Producers Impacted by Market Uncertainty

    European Commission Proposal to Support Irish Beef Producers Impacted by Market Uncertainty

EU Member States have agreed to a proposal from the European Commission to make €50 million available to Irish beef farmers, which can be matched by national funds to reach a maximum of €100 million. The establishment of the fund reflects the European Commission recognition of the particular challenges facing the Irish beef and veal […]

Read Full Article

Brits Get a Taste For Cocktails

    Brits Get a Taste For Cocktails

Nine million consumers are enjoying cocktails when they go out, making this one of Britain’s fastest growing drinks categories within spirits, according to exclusive new research by out of home food and drink expert CGA. The popularity of cocktails, and the fact they are more widely available, has helped boost sales through Britain’s pubs, bars […]

Read Full Article

Emmi Expands Presence in South America

    Emmi Expands Presence in South America

Emmi is increasing its stake in Brazilian dairy company Laticínios Porto from 40% to 70%. Emmi has held a stake in the business since July 2017. The acquisition of the majority of the shares is subject to approval by the local competition authority.
Laticínios Porto Alegre produces the natural cheese, mozzarella and requeijão (cream cheese), UHT […]

Read Full Article

Teeling Whiskey Distillery ‘Maturing Nicely’ as it Celebrates Fourth Anniversary

    Teeling Whiskey Distillery ‘Maturing Nicely’ as it Celebrates Fourth Anniversary

Teeling Whiskey, the Irish whiskey producer which was founded in 2012, is celebrating the fourth anniversary of its award-winning distillery. In June 2015, Teeling Whiskey began a new chapter in modern Irish whiskey history when it opened the first new distillery in Dublin for over 125 years to the public.
In the past four years, over […]

Read Full Article

Tyson Foods Completes $340 Million Acquisition of Thai and European Businesses from BRF

    Tyson Foods Completes $340 Million  Acquisition of Thai and European Businesses from BRF

Tyson Foods, one of the world’s largest food companies and a recognized leader in protein, has successfully completed the $340 million acquisition of the Thai and European businesses from BRF of Brazil. The purchase includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom. These businesses build on the […]

Read Full Article

Raisio to Invest €45 Million in New Healthy Foods Facility

    Raisio to Invest €45 Million in New Healthy Foods Facility

Finnish and international food company Raisio is investing €45 million in a production facility developing and manufacturing plant-based added value products. The investment is in response to the strong growth in demand for plant-based food, particularly in the European markets. The project is funded by the company’s strong cash position and cash flow. The investment […]

Read Full Article

Fazer to Sell Food Service Business to Compass Group For €475 Million

    Fazer to Sell Food Service Business to Compass Group For €475 Million

In line with its strategy of focusing on its fast-moving consumer goods and direct-to-consumer businesses, Fazer Group, the international family-owned food business, has agreed to sell Fazer Food Services, a food service provider in the Nordic region, to Compass Group for €475 million, subject to EU Commission competition approval. Fazer Food Services has a total […]

Read Full Article

Zero Alcohol Drinks Growing 10% a Year in Europe

    Zero Alcohol Drinks Growing 10% a Year in Europe

A new report from Zenith Global on European Zero Alcohol Drinks forecasts sales growth of almost 10% a year over the next five years. Zenith Global estimates the European market at €5.9 billion in 2018. This would take 2023 value to €9.3 billion.
“The United Kingdom is expected to achieve the highest growth rate at 30% […]

Read Full Article

ABF to Enter Joint Venture in China

    ABF to Enter Joint Venture in China

Associated British Foods and Yihai Kerry Arawana Holdings, a subsidiary of Wilmar International, are to form a 50:50 joint venture in China for the manufacture, sale and distribution of yeast and bakery ingredients. The joint venture will acquire existing Chinese yeast and bakery ingredients activities of AB Mauri, a division of ABF, and will leverage […]

Read Full Article

Lactalis Expands in Italy

    Lactalis Expands in Italy

Lactalis Group is strengthening its position within the Italian dairy industry by acquiring cheese maker Nuova Castelli for an undisclosed sum. Operating 13 production sites in Italy and three abroad – in Poland, Hungary and the US – Nuova Castelli specialises in the production and distribution of AOC cheese such as Parmigiano Reggiano, Mozzarella di […]

Read Full Article

Federation of Bakers Forms New Private Company

    Federation of Bakers Forms New Private Company

The Federation of Bakers has formally announced that the organisation will now be managed as a private limited company, Federation of Bakers Limited. The announcement was made at the first Annual General Meeting of the newly formed company.
The change follows a review by the Federation of Bakers of its constitution and rules during the past […]

Read Full Article

Carlsberg Signs New Long-term Revolving Credit Facility

Carlsberg Breweries has entered into a new revolving credit facility of €2 billion maturing in June 2024 with an option to extend the maturity until June 2025/2026. The facility has been signed with the group of relationship banks and replaces the €2.51 billion facility signed in December 2013, which was reduced to €2.01 billion in […]

Read Full Article

Mondelēz International Completes Sale of Cheese Business in Middle East and Africa to Arla Foods

    Mondelēz International Completes Sale of Cheese Business in Middle East and Africa to Arla Foods

Mondelēz International has completed the sale of its Kraft-branded Cheese business in Middle East and Africa (MEA) to Arla Foods of Denmark. All Kraft-branded Cheese products in the MEA markets, as well as a Cheese manufacturing site in Bahrain, are part of this agreement.
The transaction enables Mondelēz International to focus on faster-growing snacks categories, including chocolate, […]

Read Full Article

From Breast Milk to Formula – MFGM Registers High Awareness Levels Among Mothers

    From Breast Milk to Formula – MFGM Registers High Awareness Levels Among Mothers

Research shows that there is good awareness of milk fat globule membrane (MFGM), an important nutritional component of breast milk, among mothers and mothers-to-be.1 MFGM is found naturally in breast milk and is comprised of phospholipids, glycolipids, proteins and glycoproteins.
Recently, MFGM ingredients made from whey have been introduced into the infant nutrition category. This means […]

Read Full Article

Cranswick Continues to Build For Future Growth

    Cranswick Continues to Build For Future Growth

Despite a challenging trading environment, Cranswick, the UK food producer, has reported a 1.8% increase in like-for-like adjusted group operating profit to £92.3 million on revenue down by 1.9% to £1.437 billion for the year ended 31 March 2019. Strong revenue growth from poultry, sausages and continental products partly offset lower year-on-year revenue in other […]

Read Full Article

Tate & Lyle Reports Solid Progress

    Tate & Lyle Reports Solid Progress

Tate & Lyle, a leading global provider of food and beverage solutions and ingredients, has reported solid financial progress in delivering sales from continuing operations up 2% to £2.75 billion for the year ended 31 March 2019. The group’s Food & Beverage Solutions business maintained momentum, Sucralose performed strongly and its Primary Products division achieved volume […]

Read Full Article

Britvic Delivers Strong First Half

    Britvic Delivers Strong First Half

Britvic, the UK-based soft drinks group, increased revenue by 4.9% to £769.2 million – by 1.9% on an organic basis – for the 28 weeks ended 14 April 2019, compared to the corresponding period in the previous year. Adjusted EBIT increased 4.0%, on a reported basis, to £83.7 million, whilst organic adjusted EBIT increased 5.0%. […]

Read Full Article

Diageo Launches New Super-premium Gin

    Diageo Launches New Super-premium Gin

Diageo is introducing a new super-premium Italian gin, Villa Ascenti. The launch comes at a time when the super-premium and ultra-premium gin categories are the fastest growing segment within gin in Europe. Villa Ascenti will initially be available in 14 European countries.
A new €420,000 (£360,000) distillery has been built on the site of the brand […]

Read Full Article

European Commission Proposes to Increase Price Transparency in the Food Chain

    European Commission Proposes to Increase Price Transparency in the Food Chain

Having banned unfair trading practices and improved producer co-operation, the European Commission has presented the third element to improve fairness in the food supply chain by introducing greater transparency in the way prices are reported throughout the chain.
The European Commission has tabled a proposal that will make available crucial information on how prices are determined […]

Read Full Article

Irish Distillers Launches ‘A Story of Irish Whiskey’ Podcast Series

    Irish Distillers Launches ‘A Story of Irish Whiskey’ Podcast Series

Irish Distillers, Ireland’s leading supplier of spirits and wines and producer of some of the world’s most well-known and successful Irish whiskeys, has launched its first podcast, ‘A Story of Irish Whiskey’. Produced by Last Cast Media, the five-part series is a story of coming together, sharing, conquering markets and how three families, competitors for […]

Read Full Article
1 2 3 106



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 17, 2019Future Food-Tech
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements