FDBusiness.com

News

Nestlé to Sell US Confectionery Business to Ferrero

    Nestlé to Sell US Confectionery Business to Ferrero

Nestlé has agreed to sell its US confectionery business to Ferrero, the third-largest company in the global chocolate confectionery market, for SFr2.8 billion ($2.8 billion) in cash. Nestlé’s 2016 US confectionery sales reached about SFr900 million. The transaction is expected to close around the end of the first quarter of 2018 following the completion of […]

Read Full Article

Asahi Super Dry Re-launching in the UK

    Asahi Super Dry Re-launching in the UK

Asahi UK, the UK subsidiary of Asahi Europe, is boosting its strong portfolio of beer brands by re-launching Asahi Super Dry in Britain in its authentic form. For the first time in Europe, full access to the exact Japanese brewing standards have been given to Asahi Europe and these innovations will bring the authentic taste […]

Read Full Article

US Beverage Alcohol Volumes Decline Again in 2017

    US Beverage Alcohol Volumes Decline Again in 2017

The IWSR, the leading provider of data and analysis on the global beverage alcohol market, has released initial 2017 category results for the US market as part of its US Beverage Alcohol Review (US BAR) database. After analyzing preliminary 2017 volume, the IWSR says total US beverage alcohol consumption declined for the second consecutive year […]

Read Full Article

Emmi Expands its Presence in Tunisia

    Emmi Expands its Presence in Tunisia

Swiss dairy group Emmi is continuing to strengthen its international presence. Kaiku, an Emmi subsidiary based in San Sebastián (Spain), is increasing its stake in Centrale Laitière de Mahdia (Vitalait), based in Mahdia (Tunisia), from 45.4 % to 54.7 %. As a result, Emmi, which holds 73.4 % of shares in Kaiku, will have a 40.2 % stake in […]

Read Full Article

Another Record Year For Irish Food and Drink Exports

    Another Record Year For Irish Food and Drink Exports

The value of Irish food, drink and horticulture exports increased by 13% in 2017, to reach €12.6 billion for the first time. The figure increase to €13.5 billion when non-edible products such as forestry are included.
According to Bord Bia (Irish Food Board), last year’s export performance was driven by a surge in dairy exports to […]

Read Full Article

Bumper Christmas as UK Shoppers Spend £1 Billion More

    Bumper Christmas as UK Shoppers Spend £1 Billion More

The latest UK grocery market share figures, for the 12 weeks to 31 December 2017, show that the average household shrugged off economic worries to spend a record £1,054 on groceries over the three months including the Christmas period. Despite tightening household budgets, shoppers continued to trade up to more expensive options: a record £469 […]

Read Full Article

Molson Coors Acquires Aspall Cyder

    Molson Coors Acquires Aspall Cyder

Molson Coors Brewing Company has expanded its cider portfolio through the acquisition of Suffolk-based Aspall Cyder in the UK for an undisclosed amount. Founded in 1728 by Clement Chevallier and run by the eighth generation of his family, Aspall is an established premium brand of quality and provenance. The company’s high-quality portfolio strengthens Molson Coors’ […]

Read Full Article

Visitors to Irish Whiskey Distilleries Up 11% in 2017

    Visitors to Irish Whiskey Distilleries Up 11% in 2017

The number of visitors to Irish whiskey distillery visitor centres reached 814,000 in 2017, according to new figures published by the Irish Whiskey Association. This marked an increase of over 11 per cent from 2016, when 733,000 visitors were recorded. More significantly, it marks an increase of 25 per cent from 2015, when 653,000 visitors […]

Read Full Article

Burts Potato Chips Accelerates Growth With Acquisition

    Burts Potato Chips Accelerates Growth With Acquisition

Burts Potato Chips’ ambition of being the leading UK-owned premium snacking company over the next five years is one step closer following its purchase of Leicester-based Savoury & Sweet. The acquisition is the first made by Burts since being founded in 1997, and will diversify its product portfolio to include a wider range of healthy […]

Read Full Article

Norwegian Seafood Exports Reach Record-high

    Norwegian Seafood Exports Reach Record-high

Norway exported 2.6 million tonnes of seafood worth NOK94.5 billion (€9.76 billion) in 2017. This is an increase in value of 3 per cent, or NOK3 billion, and an increase in volume of 7 per cent from the record year of 2016. This is the equivalent of 36 million meals every day, year round.
“2017 was […]

Read Full Article

Lactalis to Acquire US Skyr Yogurt Brand

    Lactalis to Acquire US Skyr Yogurt Brand

Lactalis has agreed to acquire siggi’s – the US-based maker of Icelandic style skyr yogurts with ‘simple ingredients, not a lot of sugar’ – for an undisclosed price. The deal further expands the French dairy giant’s yoghurt platform in the US.
Siggi’s was founded by Siggi Hilmarsson, who, after moving to the US from his native […]

Read Full Article

Greenyard’s Bid to Acquire Dole Ends

    Greenyard’s Bid to Acquire Dole Ends

Greenyard, the Belgian fresh and frozen foods company, has announced that its negotiations to acquire Dole Food Company, the world’s largest fresh fruit and vegetable producer, have ended without a definitive agreement.
Hein Deprez, executive chairman of Greenyard, comments: “While the acquisition of Dole by Greenyard would have marked a significant milestone for both companies, we […]

Read Full Article

Lamb Weston Invests $250 Million to Expand French Fry Capacity

    Lamb Weston Invests $250 Million to Expand French Fry Capacity

Lamb Weston Holdings, a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world, is expanding its French fry processing capacity in North America.
The company announced an investment to expand operations at its Hermiston, Oregon, processing facility with the construction of a 300 million pound-per-year, state-of-the-artFrench fry […]

Read Full Article

New Analysis Confirms Drinks Industry is an Irish Success Story, Driven by Innovation

    New Analysis Confirms Drinks Industry is an Irish Success Story,  Driven by Innovation

Irish drinks businesses have released an end of year analysis for the sector, highlighting key areas of growth in 2017, as well as trends and future prospects. The analysis was compiled by Alcohol Beverage Federation of Ireland (ABFI), which says that the drinks industry is a great Irish success story, with innovation at its core.
The […]

Read Full Article

UK Competition Authority Has Concerns Over Refresco/Cott Deal

    UK Competition Authority Has Concerns Over Refresco/Cott Deal

Refresco has been informed by the Competition and Markets Authority (CMA) in the UK that the proposed $1.25 billion (£935 million) acquisition of Cott’s bottling activities raises potential competition concerns for one specific category, juice drinks in PET using a special aseptic production process that allows them to be sold preservative-free and without refrigeration. In […]

Read Full Article

Lily O’Brien’s Sold to Colian Holdings For €40 Million

    Lily O’Brien’s Sold to Colian Holdings For €40 Million

Lily O’Brien’s, the Irish manufacturer of premium chocolate and desserts, is being acquired by Colian Holding of Poland for €40 million on a debt-free, cash free basis from its existing shareholders, the Carlyle Cardinal Ireland Fund (CCI) and members of the Lily O’Brien’s management team. The acquisition is expected to complete in January 2018.
Based in […]

Read Full Article

Tomatoes Star in Consumer Poll of Healthiest Fruit and Vegetables

    Tomatoes Star in Consumer Poll of Healthiest Fruit and Vegetables

Tomatoes have a powerful association with health and are seen as the star ingredient of the Mediterranean Diet, research has shown. Carotenoid experts Lycored surveyed 329 consumers. They were presented with a list of 14 fruit and vegetables and asked to pick the five they most associated with health.

Green leafy vegetables, chosen by 77% of […]

Read Full Article

The Co-op to Open 100 New Stores

    The Co-op to Open 100 New Stores

The Co-op has confirmed plans to open 100 new food stores across the UK in 2018, creating an estimated 1,600 jobs. The community retailer will invest over £160 million in new stores and major makeovers for a further 150 of its outlets.
More than 20 new stores are set to open in London, and up to […]

Read Full Article

PHE Launches Change4Life Campaign Around Children’s Snacking

    PHE Launches Change4Life Campaign Around Children’s Snacking

Public Health England (PHE) is helping parents take control of their children’s snacking by launching the first Change4Life campaign promoting healthier snacks. This is because half of children’s sugar intake, currently around 7 sugar cubes a day, comes from unhealthy snacks and sugary drinks, leading to obesity and dental decay.
Each year children are consuming almost […]

Read Full Article

Valeo Foods Expands Confectionery Portfolio in €100 Million Deal

    Valeo Foods Expands Confectionery Portfolio in €100 Million Deal

Valeo Foods Group has acquired the Confectionery Division of Raisio which includes a portfolio of established, iconic and growing confectionery brands such as Fox’s Glacier Mints, XXX Mints, Poppets, and Pedro. The acquisition of these food businesses, which employ over 1,000 people, is consistent with Valeo Foods’ strategic focus and offers significant opportunities for future […]

Read Full Article

Changes in HKScan Group Leadership Team

    Changes in HKScan Group Leadership Team

Mikko Forsell has been appointed as HKScan’s CFO and a member of the Group Leadership Team, reporting to President and CEO Jari Latvanen.
As CFO, Forsell will be responsible for leading and developing the Group’s Finance function and related processes. Group Treasury and IR as well as ICT, Sourcing and Internal Audit will be reporting to him.
Mikko Forsell.
Before […]

Read Full Article

Salmonella Cases No Longer Falling in the EU

    Salmonella Cases No Longer Falling in the EU

The declining trend of salmonellosis cases in the EU has levelled off according to the annual report on zoonotic diseases published recently.
Cases of Salmonella Enteritidis acquired in the EU have increased in humans by 3% since 2014 says the report, which is compiled by the European Centre for Disease Prevention and Control (ECDC) and the European Food […]

Read Full Article

DMK Group and Arla Foods Sign Mozzarella Contract Manufacturing Agreement

    DMK Group and Arla Foods Sign Mozzarella Contract Manufacturing Agreement

Arla Foods, the international dairy co-operative, and DMK Group, Germany´s largest dairy co-operative, have signed a third-party manufacturing contract that will see DMK produce 35,000 tons of mozzarella cheese for Arla per year at its Nordhackstedt site in northern Germany.
As part of the agreement, DMK will rebuild its Nordhackstedt site to become fully focused on […]

Read Full Article

Campari Group Acquires Bisquit Cognac For €52.5 Million

    Campari Group Acquires Bisquit Cognac For €52.5 Million

Campari Group has agreed to acquire Bisquit Dubouché et Cie from South Africa-based Distell Group. The enterprise value is €52.5 million and the price is subject to the customary price adjustment mechanisms. The acquired business includes the inventory, particularly maturing stock valued at approximately €33 million, the trademarks as well as production facilities consisting of […]

Read Full Article

Unilever to Sell Spreads Business For €6.8 Billion

    Unilever to Sell Spreads Business For €6.8 Billion

Unilever, the personal care, home care and food and refreshment products group, has received a binding offer from KKR, a leading international investment firm, to purchase its global spreads business for €6.825 billion on a cash-free, debt-free basis.
Unilever’s Spreads business includes brands such as Becel, Flora, Country Crock, Blue Band, I Can’t Believe It’s Not […]

Read Full Article

Campbell Soup Company Continues to Reshape its Business With $4.9 Billion Deal

    Campbell Soup Company Continues to Reshape its Business With $4.9 Billion Deal

Campbell Soup Company is acquiring Snyder’s-Lance for $4.87 billion in cash to expand its snacks portfolio. Snyder’s-Lance has approximately 6,000 employees and operates 13 manufacturing centres throughout the United States and United Kingdom.
Snyder’s-Lance is a leading snacking company that manufactures and markets snack food throughout the US. The company’s portfolio includes well-known brands such as […]

Read Full Article

Hershey Broadens Snacks Portfolio With $1.6 Billion Acquisition

    Hershey Broadens Snacks Portfolio With $1.6 Billion Acquisition

The Hershey Company, the US-based confectionery and snacks group, has agreed to acquire Amplify Snack Brands, owner of a number of international, healthy snack brands, for $1.6 billion (including net debt). The purchase price represents a multiple of approximately 14.8-times 2017 Adjusted EBITDA including identified annual run-rate synergies of approximately $20 million expected to be […]

Read Full Article

Ornua Signs New €610 Million Bank Facility to Support Continued Dairy Industry Growth

    Ornua Signs New €610 Million Bank Facility to Support Continued Dairy Industry Growth

Ornua, the largest exporter of primary Irish dairy products with annualised sales of about €2 billion across 110 countries, has secured new five-year syndicated bank facilities of €610 million, replacing its existing €420 million syndicated bank facilities from February 2014. The new facilities will extend to November 2022, and Ornua’s early refinancing of the existing […]

Read Full Article

Greenyard in Advanced Negotiations to Acquire Dole Food Company

    Greenyard in Advanced Negotiations to Acquire Dole Food Company

Greenyard, the Belgian fresh and frozen foods company, is in advanced negotiations to acquire Dole Food Company, the world’s largest fresh fruit and vegetable producer. At this stage, a definitive agreement has not been reached, and there can be no assurance that these negotiations will culminate in a transaction between the two companies.
Greenyard has secured […]

Read Full Article

British Shoppers Splash Out as Christmas Countdown Begins

    British Shoppers Splash Out as Christmas Countdown Begins

The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 3 December 2017, show supermarket sales increased in value by 3.1% year on year.
Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, comments: “With Christmas just around the corner, prices are still rising. Like-for-like grocery inflation now stands at […]

Read Full Article

William Jackson Food Group Investing £40 Million in a Second Bakery

    William Jackson Food Group Investing £40 Million in a Second Bakery

William Jackson Food Group is investing £40 million in a second bakery to support growth at its Jacksons bread business. Corby Borough Council has approved plans for the new bakery in Corby, which will provide additional support to Jackson’s main bakery in Hull making bread for sandwich manufacturing and food service customers. Initially around 100 […]

Read Full Article

HKScan Strengthens its Meals Offering With Investment in Estonia

    HKScan Strengthens its Meals Offering With Investment in Estonia

HKScan, the leading Nordic food company, plans to invest in its Rakvere unit in Estonia. The €8 million investment will go towards modernising the unit’s frying department, including the expansion of the building and the installation of new cooking and packaging lines enabling implementation of new technologies and packaging solutions. Construction is to commence in […]

Read Full Article

TINE to Invest €77 Million in New Jarlsberg Plant in Ireland

    TINE to Invest €77 Million in New Jarlsberg Plant in Ireland

TINE, Norway’s largest farmer-owned dairy co-operative, is to invest €77 million in a dairy with the capacity to produce 20,000 tonnes of Jarlsberg cheese a year. The goal is to secure and strengthen Jarlsberg sales outside of Norway as export supports are phased out in 2020. This will make export of Jarlsberg from Norway unprofitable.
“Jarlsberg […]

Read Full Article

Green Light For Cargill/Faccenda Foods Joint Venture

    Green Light For Cargill/Faccenda Foods Joint Venture

The proposed joint venture between Cargill and Faccenda Foods to create a leading UK food company focused on chicken, turkey and duck is expected to be operating as a standalone business by the end of January 2018. The alliance, which entails Faccenda Foods merging with Cargill’s UK fresh chicken business, has just been approved by […]

Read Full Article

Kepak Extends Added Value Cooked Products Capability

    Kepak Extends Added Value Cooked Products Capability

Kepak Group, which is one of Ireland’s leading meat producers, is acquiring the Moy Park Poppintree facility at Ballymun in Dublin. The acquisition is expected to be completed by the end of December.
The Poppintree factory was custom built in 1995 and has been the subject of significant investment in cooking processes that complement the Kepak […]

Read Full Article

Nestlé Extends Consumer Healthcare Portfolio in $2.3 Billion Deal

    Nestlé Extends Consumer Healthcare Portfolio in $2.3 Billion Deal

Nestlé has agreed to acquire privately-held Atrium Innovations, a global leader in nutritional health products, from a group of investors led by Permira Funds for US$2.3 billion in cash. Atrium’s 2017 sales are expected to reach almost US$700 million.
The move supports Nestlé’s pursuit of growth opportunities in consumer healthcare to complement the company’s focus on […]

Read Full Article

Irish Cream Liqueur Recovers From ‘Lost Decade’

    Irish Cream Liqueur Recovers From ‘Lost Decade’

The Irish Spirits Association (ISA) has launched a Love Irish Cream Liqueur campaign. In the lead-up to Christmas, which is a very important time for Irish cream liqueur sales, the campaign aims to restart a conversation about the uniqueness of the product category, its importance to Ireland, and the need to protect it against fake products.
According to […]

Read Full Article

Hain Celestial Acquires UK Natural Sweeteners Business

    Hain Celestial Acquires UK Natural Sweeteners Business

The Hain Celestial Group, a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East, has acquired Clarks UK, The Natural Sweeteners Company, the leading maple syrup brand, and a natural sweetener brand, in the United Kingdom, for an undisclosed price.
Based at Newport in South Wales, Clarks produces […]

Read Full Article

‘Crisis’ – New Report Shows Brexit Impact on Europe’s Meat Industry

    ‘Crisis’ – New Report Shows Brexit Impact on Europe’s Meat Industry

A hard Brexit will have a ‘catastrophic impact’ on the European Meat Industry, according to a stark new report published tby Europe’s Meat Industry body, UECBV, as the UK and EU continue negotiations. ‘Crisis – The EU Meat Industry in a Hard Brexit scenario’ report was commissioned by UECBV and carried out by Red Flag […]

Read Full Article

It’s Take Off For Cork’s Food and Drink Producers

    It’s Take Off For Cork’s Food and Drink Producers

Taste Cork is teaming up with The Loop at Cork Airport to showcase the very best of Cork’s outstanding, locally produced food and drink products to the more than 2.3 million passengers who pass through the Irish airport each year. The food and drink section at The Loop at Cork Airport is being rebranded by […]

Read Full Article

HEINEKEN to Build First Brewery in Mozambique

    HEINEKEN to Build First Brewery in Mozambique

HEINEKEN has laid the foundation stone of its first brewery in Mozambique. This new brewery, incorporating the latest technologies, represents a $100 million (€85 million) investment.
Located in the province of Maputo, between the Marracuene and Manhiça districts, the brewery will have a production capacity of 0.8 million hectoliters and will brew high quality beers for […]

Read Full Article

Nespresso to Invest in Post-conflict Colombian Coffee

    Nespresso to Invest in Post-conflict Colombian Coffee

Nespresso has announced that it will expand its coffee-sourcing programme into several former conflict zones in Colombia for the first time. The move comes as part of a SFr49 million (US$50 million) investment in sustainable high-quality coffee cultivation.
The pledge builds on Nespresso’s long-term commitment to Colombian coffee and its efforts to improve production in regions […]

Read Full Article

The Future of Food and Farming – For a Flexible, Fair and Sustainable Common Agricultural Policy

    The Future of Food and Farming – For a Flexible, Fair and Sustainable Common Agricultural Policy

Simpler rules and a more flexible approach will ensure the Common Agricultural Policy (CAP) delivers real results in supporting farmers and leads the sustainable development of EU agriculture. These are the cornerstone ideas of the Communication recently adopted to by the European Commission on ‘The Future of Food and Farming’, outlining the ways to ensure […]

Read Full Article

Kellogg UK Commits to Making Breakfasts Healthier

    Kellogg UK Commits to Making Breakfasts Healthier

Kellogg UK has launched its Better Starts Plan which, by the end of 2018, will overhaul its breakfast cereals to help people in Britain make healthier choices in the morning. Kellogg will reduce sugar across three of its best-selling children’s cereals.
Sugar in Kellogg’s Coco Pops cereal, one of the best-selling cereals in the UK, will […]

Read Full Article

2 Sisters Ramps Up Production at East Anglian Chicken Operation

    2 Sisters Ramps Up Production at East Anglian Chicken Operation

2 Sisters Food Group, which is Britain’s biggest food manufacturer, is ramping up production at its chicken processing facility in Flixton, as it continues to grow to meet the additional demand from its retail customers.2 Sisters has announced that its Suffolk site will create 100 jobs after the business completed its upgrade of the facility […]

Read Full Article

AB InBev Accused of Abusing Dominant Position in Belgium

    AB InBev Accused of Abusing Dominant Position in Belgium

The European Commission has informed AB InBev of its preliminary view that the company has abused its dominant position on the Belgian beer market, by hindering cheaper imports of its Jupiler and Leffe beers from the Netherlands and France into Belgium.
Effective competition is important for European consumers to reap all the benefits of the internal […]

Read Full Article

Challenging First Half For Greene King

    Challenging First Half For Greene King

Greene King, the UK brewer and pub operator, has reported a 1.2% decline in revenue to £1.031 billion for the 24 weeks to 15 October 2017 and a 7.5% drop in operating profit before exceptional and non-underlying items to £188.4 million, compared to the corresponding period last year. The operating margin before exceptional and non-underlying […]

Read Full Article

British Food and Drink Industry Welcomes Sector Council Inclusion in Government’s Industrial Strategy White Paper

    British Food and Drink Industry Welcomes Sector Council Inclusion in Government’s Industrial Strategy White Paper

The Food and Drink Federation (FDF) has welcomed the publication of the UK Government’s Industrial Strategy white paper, which announced the establishment of a Food and Drink Sector Council. The creation of the Sector Council recognises the importance of the many sub-sectors that make up the nation’s £112 billion ‘farm to fork’ food chain and […]

Read Full Article

EU Beer Sector’s Renaissance Continues

    EU Beer Sector’s Renaissance Continues

With EU beer production rising above 40 billion litres for the first time since the economic crisis, The Brewers of Europe confirm that the growth trend continues for the EU beer sector at the 7th Beer Serves Europe event. A successful mix of world-leading multinationals, deeply-rooted regional breweries, and thriving SMEs, Europe’s breweries support the delivery […]

Read Full Article

Britvic Shows Resilience

    Britvic Shows Resilience

Britvic, the UK-based soft drinks group, has reported a 7.7% increase in revenue to £1.541 billion for the 52 weeks ended 1 October 2017, compared to the previous year. On an organic constant currency basis, revenue rose by 2.5%. During the period, Britvic sold over 2.3 billion litres of soft drinks, an increase of 1.2% […]

Read Full Article

Nestlé Invests in New Factory in Cuba

    Nestlé Invests in New Factory in Cuba

Nestlé has started construction on a new factory in Cuba, to meet growing consumer demand and strengthen its presence on the island. Nestlé is investing SFr54 million (€46 million) in the factory, which will employ 260 people by its third year.
The site will produce the world’s leading coffee brand Nescafé, the local Cuban roast & ground […]

Read Full Article

Irish Food & Drink Industry Champion Award Presented to ‘Mr Cheestrings’

    Irish Food & Drink Industry Champion Award Presented to  ‘Mr Cheestrings’

At its Food and Drink Industry Awards in the RDS, Dublin, Bord Bia recently presented the inaugural ‘Industry Champion’ Award to Denis O’Riordan (pictured above) of Kerry Foods in recognition of his outstanding contribution to delivering global success for the Cheestrings brand. More than 300 Irish food and drink industry leaders gathered for the awards ceremony which […]

Read Full Article

Transformational Year For Greencore

    Transformational Year For Greencore

Benefiting from its acquisition of Peacock Foods in the US, Greencore, the UK and international manufacturer of convenience foods, has reported a 56.5% increase in revenue to £2.319 billion and a 37.4% rise in adjusted operating profit to £140.1 million for the year ended 29 September 2017, versus the 2016 financial year. Group pro forma […]

Read Full Article

Record Revenue and Profit at Danish Crown

    Record Revenue and Profit at Danish Crown

Despite the divestment of Plumrose in the US and falling exchange rates in some of its main markets, Danish Crown, Europe’s largest meat processor, posted record revenue of DKr62.024 billion (€8.33 billion) for the 2016/17 financial year. The earnings for the year were adversely affected by the challenges faced by Tulip Ltd in the UK […]

Read Full Article
1 2 3 93


Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Anfas Food Product
  • January 17, 2018Dutch Organic Trade Fair
  • January 19, 2018International Green Week
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements