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UK Grocery Prices Rising at Fastest Rate in Four Years

    UK Grocery Prices Rising at Fastest Rate in Four Years

The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 5 November 2017, show UK supermarket sales have increased in value by 3.2% year-on-year in the run up to Christmas.
Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explains: “Volume sales have increased by less than 1%, meaning it’s […]

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Alcohol Minimum Unit Pricing to Go Ahead in Scotland

    Alcohol Minimum Unit Pricing to Go Ahead in Scotland

The UK Supreme Court has ruled that minimum unit pricing for alcohol, which was passed overwhelmingly by the Scottish Parliament in 2012, can now proceed. Scottish Health Secretary Shona Robison has welcomed the decision and confirmed she intends to make a statement to Parliament shortly, setting out the Scottish Government’s next steps.
Following the unequivocal backing […]

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Premier Foods Returns to Revenue Growth

    Premier Foods Returns to Revenue Growth

Premier Foods, the UK convenience food group, has reported group revenue of £353.3 million for the 26 weeks ended 30 September 2017 – an increase of 1.5% on the prior period – with Branded revenue in line with last year at £295.4 million while Non-branded revenue increased by 10.1% to £57.9 million. Group reported half year […]

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Nestlé Reorganises Infant Nutrition Business

    Nestlé Reorganises Infant Nutrition Business

The Nestlé Board of Directors has decided to change the organisation of the infant nutrition business at Nestlé to enhance further the company’s ability to win in this high-growth category. Effective January 1, 2018, infant nutrition will move from the globally-managed Nestlé Nutrition to a regionally-managed business. The change does not apply to other Nestlé businesses.
A dedicated Strategic […]

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Tesco/Booker Merger Provisionally Cleared

    Tesco/Booker Merger Provisionally Cleared

The Competition and Markets Authority (CMA) has provisionally concluded that Tesco’s £3.7 billion purchase of Booker does not raise competition concerns. A group of independent Competition and Markets Authority (CMA) panel members has investigated how bringing together the UK’s largest grocery retailer and the UK’s largest grocery wholesaler would affect competition. It examined evidence from […]

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76% of British Consumers Now Buy Lunch Out For an Everyday Occasion

    76% of British Consumers Now Buy Lunch Out For an Everyday Occasion

According to new research from Mintel, the number of British consumers buying lunch to eat out of the home for an everyday occasion has risen to 76% in 2017, up from 64% in 2016. Additionally, the percentage buying lunch out of home for a leisure occasion has grown to 75%, up from 68% in in […]

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Encouraging First Half Performance By Dairy Crest

    Encouraging First Half Performance By Dairy Crest

Reflecting strong volume and value growth across most of its brand portfolio, Dairy Crest has reported an 8% increase in adjusted profit before tax to £20.6 million on revenue from continuing operations up 16% to £220.1 million for the six months to 30 September 2017 compared to the corresponding period last year. Revenue increased in […]

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Barry Callebaut Continues to Deliver

    Barry Callebaut Continues to Deliver

Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, increased sales by 1.2% in local currencies and by 1.9% in SFr to SFr6.805 billion (€5.858 billion) for the year ended August 31, 2017, as a result of a good product mix, offset by lower cocoa bean and cocoa product prices. Sales […]

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Bakkavor to Float on the London Stock Exchange

    Bakkavor to Float on the London Stock Exchange

Just days after announcing that it will no longer proceed with its plans for an initial public offering, Bakkavor, the UK’s leading fresh prepared foods manufacturer, has decided to apply for admission of its shares to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange’s main market […]

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HKScan to Launch Pork Exports to China

    HKScan to Launch Pork Exports to China

HKScan, the leading Nordic food company, is making preparations to begin exporting pork from Finland to China. The Chinese and Finnish food authorities have newly signed an agreement allowing HKScan’s Forssa plant to prepare for launching exports to China. Exports are scheduled to commence during the first half of 2018
The export of responsibly produced Finnish […]

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European Commission Proposes Fishing Opportunities in the Atlantic and North Sea For 2018

    European Commission Proposes Fishing Opportunities in the Atlantic and North Sea For 2018

The European Commission has presented its proposal for fishing opportunities in the Atlantic and the North Sea for 2018. The Commission proposes quotas for 78 stocks: for 53 stocks the fishing quota is either increased or remains the same and for 25 stocks is reduced. The fishing opportunities, or Total Allowable Catches (TACs), are quotas […]

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Profits and Margins Tumble at 2 Sisters Food Group

    Profits and Margins Tumble at 2 Sisters Food Group

Adversely impacted by rising commodity inflation that was not fully offset by price increases and its cost reduction efforts along with several exceptional items, Boparan Holdings, the parent company for 2 Sisters Food Group, has reported a 5.3% decrease in sales and a 47.4% decline in operating profit for the fourth quarter ended 29th July […]

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Successful Year For Associated British Foods

    Successful Year For Associated British Foods

Reflecting its international diversity and a strong underlying performance across its businesses, Associated British Foods has reported a 15% increase in group revenue to £15.4 billion and a 15% rise in adjusted operating profit of £1.363 billion for 2017. Statutory operating profit was up 21% to £1,.336 billion, and with the benefit of a profit […]

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Arla Foods Disposes of Stake in Brazilian Dairy

    Arla Foods Disposes of Stake in Brazilian Dairy

Following a change in ownership of Brazil’s leading dairy company Vigor, Arla Foods has decided to divest its 8% share in the company with immediate effect. Vigor has been sold by majority shareholder JBS to Mexican dairy company Grupo Lala. In connection with this transaction, Arla Foods has sold its stake in Vigor to Lala.
“Arla […]

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Bakkavor Abandons IPO Plans

    Bakkavor Abandons IPO Plans

Bakkavor, the UK’s leading fresh prepared foods manufacturer, has announces that it will no longer proceed with its plans for an initial public offering. Whilst the company received sufficient institutional demand to cover the offering, the board has taken the decision that proceeding with the transaction would not be in the best interests of the […]

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Suntory and PepsiCo to Form Joint Venture in Thailand

    Suntory and PepsiCo to Form Joint Venture in Thailand

Tokyo Stock Exchange listed Suntory Beverage & Food, a global soft drink company, and PepsiCo, one of the world’s largest food and beverage companies, have agreed to form a beverage joint venture in Thailand. The new joint venture is designed to build on PepsiCo’s strong existing position in Thailand and to create new growth opportunities […]

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England’s First Self-built Distillery Set to Begin Gin Production

    England’s First Self-built Distillery Set to Begin Gin Production

A boutique Yorkshire-based gin and whisky distillery is nearing completion, with 75% of the build finished and gin distillation set to begin early in the new year. England’s first self-built whisky and gin distillery, Cooper King Distillery will commence production of its juniper-led gin and open its doors to members of the public early in the […]

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Total Produce Acquires 50% of The Fresh Connection

    Total Produce Acquires 50% of The Fresh Connection

Total Produce, the leading fresh produce company, has acquired a 50% equity stake in California-based fresh produce company, The Fresh Connection. Founded in 1994 and headquartered in Lafayette, California, the company is one of North America’s premier produce export companies with 2016 sales of about US$ 165 million.
The Fresh Connection is engaged in the year-round […]

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Unilever to Acquire TAZO® Brand From Starbucks For $384 Million

    Unilever to Acquire TAZO® Brand From Starbucks For $384 Million

Unilever is to acquire the TAZO® brand from Starbucks. TAZO® is a leading brand in the fast-growing specialty tea category.
Under the asset purchase agreement, Unilever will acquire the TAZO® brand and all related intellectual property, signature recipes and inventory for US$384 million. The transaction represents a multiple of 10 times pro forma EBIT. TAZO® had […]

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Mars Food Completes Acquisition of Preferred Brands International and Tasty Bite

    Mars Food Completes Acquisition of Preferred Brands International and Tasty Bite

Mars Food has finalised the acquisition of Preferred Brands International, a US-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite® brand. Preferred Brands International has an Indian subsidiary in which it holds a majority stake, which is listed on the Bombay Stock Exchange and […]

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British Consumers Increasingly Opt For Premium Drinks

    British Consumers Increasingly Opt For Premium Drinks

Increasing numbers of British consumers are choosing premium drinks when they go out, new research from CGA reveals—leading to a surge in sales of craft and luxury spirits and beers. The ‘Going Premium’ report shows that more than two in five (43%) consumers now choose high-quality drinks or say they are likely to upgrade to […]

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Arla Foods Calls For Early Publication of a New UK Agriculture Policy

    Arla Foods Calls For Early Publication of a New UK Agriculture Policy

At the recent IDF World Dairy Summit held in Belfast, Tomas Pietrangeli (pictured), Managing Director of Arla Foods UK, spoke about the opportunities and challenges posed by Brexit to the UK dairy industry. He said: “The farmers that own Arla and the dairy industry as a whole need to know urgently what the government plans look […]

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Profit Warning From HKScan

    Profit Warning From HKScan

HKScan Corporation, the leading Nordic food company, is projecting an operating loss for 2017. HKScan had previously estimated that its comparable operating profit (EBIT) for 2017 would stay below the previous year’s level of €13.2 million.
The reasons for the revised outlook is the higher than anticipated ramp up cost of the group’s new poulty unit […]

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‘Drink Good. Feel Good’ Message Hits the Spot in Continental Cafés

    ‘Drink Good. Feel Good’ Message Hits the Spot in Continental Cafés

Feel Good Drinks, the 100% natural brand owned by Nichols plc, has been listed by Costa Coffee, Café Nero and Starbucks after a complete brand overhaul last September. The three major coffee shop brands have stocked the range following extensive marketing activity by Nichols in the European hotels, restaurants and cafés (HoReCa) sector that focused […]

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Orkla Acquires Leading Norwegian Ingredients Supplier

    Orkla Acquires Leading Norwegian Ingredients Supplier

Orkla Food Ingredients is acquiring Arne B Corneliussen, a leading manufacturer and supplier to the Norwegian food industry. The company’s product portfolio consists of spices, marinades, flavourings, starter cultures and other functional ingredients, in addition to packaging solutions. Its customer market is Norwegian food manufacturers with the Norwegian meat industry as main segment.
Orkla Food Ingredients […]

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Refresco to be Sold For €1.6 Billion

    Refresco to be Sold For €1.6 Billion

Still in the process of integrating its recent €1.1 billion acquisition of the bottling activities of Cott Corporation of Canada, the executive board of Refresco Group, the Netherlands-based leading independent producer of soft drinks and fruit juices for retailers and A-brands, has recommended that shareholders accept a €1.623 billion offer from a consortium of PAI […]

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Teeling Whiskey is 2017 Irish Whiskey of the Year

    Teeling Whiskey is 2017 Irish Whiskey of the Year

Teeling Whiskey, Ireland’s leading progressive Irish whiskey producer, collected the award for ‘Best Overall Irish Whiskey’ at the prestigious Irish Whiskey Awards. Teeling Whiskey Revival Volume IV, a 15-Year-Old Irish Single Malt, was honoured as the overall winner.
Teeling Whiskey Revival Vol IV was initially honoured with the category award for ‘best Irish Single Malt over 13 Years Old’ and […]

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Emmi Increases Stake in Mexican Company

    Emmi Increases Stake in Mexican Company

Emmi is increasing its stake in Mexideli 2000 Holding from 50% to 51% for an undisclosed sum. It now holds a majority stake in the company, which is Mexico’s leading importer of speciality cheeses. Co-founder Yory Salant remains chief executive and continues to grow the successful company with his management team.
Strengthening its international presence is […]

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SuperValu and Tesco Tied For Top Spot in Irish Grocery Market

    SuperValu and Tesco Tied For Top Spot in Irish Grocery Market

The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 8 October 2017, reveal that SuperValu and Tesco are neck and neck in the race to be Ireland’s largest supermarket – both with a 22.0% share of the market.
David Berry, director at Kantar Worldpanel, comments: “It’s tight at the top […]

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Irish Spirits Industry Shows Vibrant Growth

    Irish Spirits Industry Shows Vibrant Growth

The Irish spirits industry is undergoing vibrant growth, with exports increasing substantially in recent years, according to a new report released by the Irish Spirits Association. The report is the first-ever industry and market report on Irish spirits, and shows that the number of licensed spirits producers in Ireland doubled between 2014 and 2016.
According to […]

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The Price is Right For 77% of Brits Earning £50,000+ Who Shop at Food Discounters

    The Price is Right For 77% of Brits Earning £50,000+ Who Shop at Food Discounters

Latest research from Mintel finds better off British shoppers are flocking to UK food discounters. Indeed, today, as many as 77% of British consumers with a household income of £50,000 or more visit food discounters, compared to 73% of those with a household income of £15,500 or less.
And it appears that premium products are pulling […]

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Mackays Invests £3.8 Million in Major Expansion

    Mackays Invests £3.8 Million in Major Expansion

Scotland’s largest producer of marmalade and jam, Mackays, is set to embark on a major multi-million pound investment that will see its business premises grow by 50%. Starting in January 2018, the £3.8 million expansion will allow the company to introduce new product lines into its existing factory as well as create a dedicated distribution […]

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Ferrero to Acquire US Confectionery Company

    Ferrero to Acquire US Confectionery Company

Ferrero Group is acquiring Ferrara Candy Company, the third largest non-chocolate confectionery company in the US, from L Catterton, the biggest and most globally consumer-focused private equity firm in the world. The terms of the transaction were not disclosed. Ferrara is best known as the maker of iconic brands such as Trolli, a leader in […]

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Hilton Food Group to Move into UK Fish Processing

    Hilton Food Group to Move into UK Fish Processing

Hilton Food Group, the UK-based specialist international meat packing business, has agreed to acquire Icelandic Group UK (Seachill), a leading chilled UK fish processor, for cash consideration of £80.8 million. The acquisition will provide Hilton with entry into the processing and supply of fish in the UK.
Robert Watson OBE, chief executive of Hilton Food Group.
Founded […]

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UK Supermarkets Sweep Up 17 Months of Growth

    UK Supermarkets Sweep Up 17 Months of Growth

UK supermarket sales have increased in value by 3.1% compared with last year according to the latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 8 October 2017. This marks the 17th period of growth in a row for Britain’s grocers. Like-for-like grocery inflation remains at 3.2% but consumers could be […]

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Hilton Food Group to Expand to New Zealand

    Hilton Food Group to Expand to New Zealand

Hilton Food Group, the UK-based specialist international meat packing business, is to proceed with plans to expand its packing capability to New Zealand. Hilton will construct a new meat processing facility in Auckland and supply Progressive Enterprises, New Zealand’s leading retailer, trading as Countdown Supermarkets. As Progressive Enterprises is also part of the Woolworths business, […]

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European Commission Clears Nestlé’s Acquisition of NESTEA

    European Commission Clears Nestlé’s Acquisition of NESTEA

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over the NESTEA business, in the European Economic Area except Spain, Portugal and Andorra, by Nestlé. NESTEA branded ready-to-drink tea business is currently operated by Beverage Partners Worldwide, a full-function joint venture between Nestlé and The Coca-Cola Company.
The Commission concluded […]

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Tough September Trading Hits British Restaurant, Pub and Bar Groups

    Tough September Trading Hits British Restaurant, Pub and Bar Groups

Britain’s managed pubs, bars and restaurants saw like-for-like sales decline 0.9% in September as the public appeared to pull back on spending on eating and drinking out, latest figures from the Coffer Peach Business Tracker reveal. Restaurants in London were worst hit, suffering a 3.2% fall in collective like-for-like sales compared to September last year. […]

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First Milk Posts Solid Trading Results

    First Milk Posts Solid Trading Results

First Milk, the UK’s only major dairy company owned by British family farms, has produced a solid trading performance from a transformed business to deliver a net profit of £6.0 million for the year ending 31 March 2017, following a loss of £5.1 million in 2016. Operating profit (before exceptional items) was £11.7 million – […]

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Nestlé Invests SFr30 Million in Infant Formula Plant in Russia

    Nestlé Invests SFr30 Million in Infant Formula Plant in Russia

Nestlé has laid the foundation stone for its first infant formula plant in Russia. The investment of SFr30 million (RUB1.8 billion, €26 million) means Nestlé can offer a greater variety of infant nutrition to consumers. The plant will be part of the existing Vologda site, where Nestlé has successfully operated for 14 years. It will […]

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Kerry Group Expands Probiotics Capability

    Kerry Group Expands Probiotics Capability

Kerry Group, the global taste & nutrition and consumer foods group, has acquired US-based Ganeden® – a branded technology innovation company focused on patented probiotics and related technologies. Ganeden®, based at Cleveland, Ohio, has current year revenue of approximately US$25 million and an extensive library of published studies and more than 135 patents for technologies […]

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Dragon Brand Foods to Drive Export Growth With New Investment

    Dragon Brand Foods to Drive Export Growth With New Investment

Northern Ireland-based food manufacturer, Dragon Brand Foods is investing over £500,000 in jobs, innovation and a new factory with the support of Invest Northern Ireland. The company is due to begin construction on its new factory at Strabane Business Park as part of its plans to grow its business.
The company is also creating four new […]

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Tate & Lyle to Expand Maltodextrin Capacity at Facility in Slovakia

    Tate & Lyle to Expand Maltodextrin Capacity at Facility in Slovakia

Tate & Lyle, a leading global provider of speciality food ingredients and solutions, plans to more than double capacity of its non-GMO MALTOSWEET® Maltodextrin product line at its facility in Boleraz, Slovakia. This major expansion of food grade and infant food grade non-GMO MALTOSWEET® Maltodextrin is expected to be completed in 2019.
MALTOSWEET® Maltodextrin is a […]

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Diageo to Revive Iconic ‘Lost’ Scotch Distilleries

    Diageo to Revive Iconic ‘Lost’ Scotch Distilleries

Port Ellen and Brora, two of the most revered ‘lost’ distilleries in the global spirits industry, are to be brought back to life in a powerful statement of confidence in the future of Scotch whisky. The distilleries, which have been silent since they were closed in 1983, will be brought back into production through a […]

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Finsbury Food Group to Close Factory

    Finsbury Food Group to Close Factory

Finsbury Food Group, the UK speciality bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels, has decided to close its Grain D’Or factory. The closure, which is anticipated to be completed by 2 December 2017, means that the company will benefit from not supporting the losses associated with the […]

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Kellogg Broadens Wholesome Snacks Portfolio

    Kellogg Broadens Wholesome Snacks Portfolio

Kellogg Company is acquiring Chicago Bar Company, the maker of RXBAR, a line of clean-label protein bars made with whole food ingredients and the fastest growing nutrition bar brand in the United States. The purchase price is $600 million, or approximately $400 million net of tax benefits. Growing rapidly, RXBAR’s net sales are expected to […]

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Change in Group Management at Lindt & Sprüngli

    Change in Group Management at Lindt & Sprüngli

Lindt & Sprüngli has announced that Kamillo Kitzmantel, CEO of Lindt & Sprüngli (Switzerland) and a member of the group management, has decided to retire and will leave the international chocolate confectionery group by end of December 2017. As of January 1, 2018, his responsibility in the function as CEO of Lindt & Sprüngli (Switzerland) […]

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Burts Chips Increases Capacity With £3 Million Investment

    Burts Chips Increases Capacity With £3 Million Investment

English premium potato chip company, Burts Chips has increased capacity at its Plymouth production site by 20% with the installation of a new high-speed potato frying line.  Completing the company’s £3 million investment programme for 2017, the new potato fryer will help meet the growing demand from leading retailers for its brand across the UK, […]

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Britvic to Close Norwich Manufacturing Site

    Britvic to Close Norwich Manufacturing Site

Following a detailed review of its manufacturing sites and distribution network, UK-based soft drinks group Britvic is proposing to close its manufacturing site in Norwich and to transfer production of Robinsons and Fruit Shoot to its other sites in East London, Leeds and Rugby. The proposal is being made to improve the efficiency and productivity […]

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Positive Economic Trends For EU Fishing Fleet

    Positive Economic Trends For EU Fishing Fleet

According to the latest Annual Economic Report, the overall economic performance of the EU fishing fleet improved again in 2015. While marginally profitable in 2009, the EU fleet registered record-high net profits of €798 million in 2015 and estimates for 2016 and 2017 point towards further increases in profitability.
The report also demonstrates that economic performance stagnates […]

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Gruppo Campari Sells Lemonsoda to Royal Unibrew

    Gruppo Campari Sells Lemonsoda to Royal Unibrew

Gruppo Campari has agreed to sell the Lemonsoda business to Danish beverage company Royal Unibrew for €80 million. The sold business includes the alcohol free fruit-flavoured carbonated variants Lemonsoda, Oransoda, Pelmosoda and Mojito Soda, grouped under the Freedea brand name, as well as the Crodo brands (with the exception of the brand Crodino). Besides the trademarks, […]

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Refresco Receives Renewed Interest From PAI

    Refresco Receives Renewed Interest From PAI

Refresco Group, the leading independent bottler of soft drinks and fruit juices for retailers and A-brands with production in the Benelux, Finland, France, Germany, Italy, Poland, Spain, the UK and the US, has received a new unsolicited, indicative and conditional proposal from private equity firm PAI Partners. It regards a possible offer to acquire all […]

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Tetra Pak Strengthens Ice Cream Offering With Acquisition of Big Drum

    Tetra Pak Strengthens Ice Cream Offering With Acquisition of Big Drum

Tetra Pak has strengthened its product offering for ice cream manufacturers with the acquisition of Big Drum Engineering GmbH, a leading supplier of filling machines for the industry. The deal further extends the company’s ability to provide end-to-end solutions for food and beverage companies around the world, and reinforces its global leadership in the sector.
Ice […]

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Poor Performance by Real Good Food

    Poor Performance by Real Good Food

Real Good Food, the diversified UK food business, has reported a fall in EBITDA from £5.0 million to £1.2 million leading to an operating loss of £5.8 million for the year ending 31 March 2017. Revenue increased by 8% to £108.2 million. The company has initiated a review of its financial processes and procedures and […]

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