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  • Canadian Dairy Giant to Acquire Dairy Crest For £975 Million Canada-based Saputo Group, which is one of the top ten dairy processors in the world, has made a recommended all cash offer of £975 million to acquire Dairy Crest, the UK dairy business. The acquisition will allow Saputo Group to increase its international presence and enter the UK market by acquiring and investing in a [...]...
  • Danone Continues to Make Progress Towards its 2020 Objectives Danone has reported a 0.7% decline in revenue to €24.66 billion with operating income down 26.5% to €2.74 billion for 2018. However, on a ‘like-for-like New Danone’ basis consolidated sales rose by 2.9% with a 3.6% growth in value, led by a continued mix and portfolio valorization, largely offsetting a 0.7% decline in volumes. All [...]...
  • European Commission Clears Acquisition of Gleadell by ADM The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Gleadell Agriculture by ADM Arkady, both based in the UK. Gleadell is a supplier and exporter of various grain and oilseed products. ADM is part of the Archer Daniels Midland group of companies and is a processor of a [...]...
  • Arla Foods Delivers Turn-around After Tough Start to 2018 After a difficult first quarter, Arla Foods came out of 2018 with improved sales and brand share as the international dairy co-operative’s performance grew stronger throughout the year. The transformation programme Calcium delivered cost-savings far beyond targets for the year and thanks to a historically strong balance sheet the board of directors has proposed to [...]...
  • British Gin Boosted by Exports The latest figures from HM Revenue and Customs show that British gin sales abroad, in 2018, were worth £612 million – up 15% on the previous year. In 2016 export sales of the juniper-based spirit broke the half a billion-pound mark for the first time and since then the popularity of British gin has seen [...]...

Keeping the Northern Ireland Dairy Industry Competitive

  Keeping the Northern Ireland Dairy Industry Competitive

Northern Ireland’s dairy industry must aim for greater supply chain co-operation, more efficient farms and more added value products, according to a competitiveness study just published. The ‘Northern Ireland Dairy Industry Competitiveness Study’, which was undertaken by Promar International and jointly funded by the industry, DARDNI, and Invest NI, has been welcomed by Dairy UK […]

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Cott completes Cliffstar acquisition

  Cott completes Cliffstar acquisition

Cott Corporation announced today that it has completed its previously announced acquisition of substantially all of the assets and liabilities of Cliffstar Corporation and its affiliated companies for U.S. $500 million in cash, subject to adjustments for working capital, indebtedness and certain expenses. Cliffstar is entitled to additional contingent earnout consideration of up to a […]

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It’s official: the start of the English apple season is upon us

  It’s official: the start of the English apple season is upon us

Whilst there are question marks as to whether the end of the summer is nigh it is with certainty that Waitrose announce the start of the English apple season. The first crop of Discovery apples hit branches on Wednesday 18th and their arrival signifies what promises to be the start of an exciting English apple […]

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PepsiCo and Senomyx Enter Into Collaboration to Discover, Develop and Commercialize New Sweet Flavor Ingredients

  PepsiCo and Senomyx Enter Into Collaboration to Discover, Develop and Commercialize New Sweet Flavor Ingredients

PepsiCo, the world’s second-largest food and beverage business, and Senomyx, Inc., a leading company focused on using proprietary technologies to discover and develop novel flavor ingredients for the food, beverage, and ingredient supply industries, announced today that they have entered into a four-year collaborative agreement related to Senomyx’s sweet-taste technology.
PepsiCo’s collaboration with Senomyx will focus […]

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Kerry Group confirms offer for Newmarket Co-operative Creameries Limited

  Kerry Group confirms offer for Newmarket Co-operative Creameries Limited

Kerry Group, the global ingredients & flavours and consumer foods group, today confirmed the terms of its offer to acquire the entire issued share capital of Newmarket Co-operative Creameries Limited for a price of €421 per share.
The offer values the entire issued ordinary share capital plus debt of Newmarket Creameries at approximately €33m.
Newmarket Creameries, located […]

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Refresco to Acquire Soft Drinks International

  Refresco to Acquire Soft Drinks International

Netherlands-based Refresco, Europe’s leading manufacturer of private label soft drinks and fruit juices, is to acquire Soft Drinks International, a German producer of soft drinks and water, for an undisclosed price. SDI is a strong, regional producer, primarily active in the German market and the Benelux, with production facilities in Erfstadt (Germany) and Heerlen (The […]

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Strong performance for the Carlsberg Group and full-year earnings upgrade

  Strong performance for the Carlsberg Group and full-year earnings upgrade

The Carlsberg Group achieved 12% operating profit growth to DKK 5.0bn for the first six months of 2010 and driven by increased sales and marketing investments the Group gained market share in a large part of the business. The focus on improving profitability continues and Group operating profit margin improved strongly by 210bp to 17.2%.
Beer […]

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First Milk Back in the Black

  First Milk Back in the Black

First Milk has returned to the black in the year ended March 31st 2010 with a positive £10.3m swing in pre-tax profitability to end the year with a profit of £0.4m as the UK dairy co-operative systematically reduced its cost base and improved efficiencies throughout the business. Group turnover declined 8% to £536m, reflecting the […]

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New €12m Irish Mushroom Plant

  New €12m Irish Mushroom Plant

Irish mushrooms producer Monaghan Mushrooms has opened its new Eur12m state-of-the-art mushroom growing facility at Tyholland in County Monaghan. The new facility, which will generate 150 jobs, comprises 18 mushroom growing houses with a total growing area of 21,306 sq m. When operating at full capacity the plant will have an output of 115 tonnes […]

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Aryzta Makes Strategic Investments in North America, Latin America and Asia

  Aryzta Makes Strategic Investments in North America, Latin America and Asia

International speciality bakery group Aryzta is acquiring Tim Horton’s 50% share in Maidstone Bakeries, a Canadian joint venture between Aryzta and Tim Horton, for C$475m (Eur349m). The Maidstone facility was designed, constructed and commissioned in partnership with Tim Hortons, the leading quick service restaurant (QSR) in Canada, in 2002 to 2003.
The purpose built 400, 000 […]

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World Cup Scores For Anheuser-Busch InBev

  World Cup Scores For Anheuser-Busch InBev

Helped by its sponsorship of the FIFA World Cup, Anheuser-Busch InBev, the world’s biggest brewer, increased beer volumes by 2% in its second quarter and by 1.5% in the first half of 2010. The group’s focus brands grew volumes by 4% in the first half, led by Budweiser internationally, Antarctica, Brahma and Skol in Brazil […]

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Strong Profits Growth at Refocusing Sara Lee

  Strong Profits Growth at Refocusing Sara Lee

Despite a 0.8% drop in net sales to $10.8b, reflecting lower volume sales and prices, Sara Lee increased operating income by 88.6% to $918m in its 2010 financial year, driven by improved profits from across all of the US-based food and beverages group’s five continuing business segments. In particular, the North American Retail and International […]

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Barilla Disposes of German Bakery Business

  Barilla Disposes of German Bakery Business

Italian pasta and bakery group Barilla is selling Kamps, its German bakery chain, to ECM Equity Capital, a Frankfurt-based private equity firm, for an undisclosed price. Kamps has 900 franchise shops in Germany selling bread and baked goods, supported by five bakery plants, and had sales of over Eur300m last year.
Kamps along with a business […]

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Strong First Half From Nestle

  Strong First Half From Nestle

Benefiting from deeper penetration in emerging markets of the world, the continued success of its premium products in both developing and developed markets and extra marketing investment, Nestle has increased net profit by 7.5% to SFr5.5b (Eur4.0b) on group sales up by 5.9% to SFr55.3b for the first half of 2010. Organic sales growth was […]

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Danone to Dispose of Stake in Wimm-Bill-Dann Foods

  Danone to Dispose of Stake in Wimm-Bill-Dann Foods

Danone has agreed to sell its 18.4% stake in Wimm-Bill-Dann Foods to the Russian food group for a total consideration of $470m. The agreement follows the recent announcement of the joint-venture between Danone and Unimilk in the CIS region. The deal is conditional upon Danone receiving the necessary regulatory approvals for the merger of its […]

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Kerry Group Confirms Offer For Newmarket Co-operative Creameries

  Kerry Group Confirms Offer For Newmarket Co-operative Creameries

Kerry Group, the international ingredients, flavours and consumer foods group, has confirmed the terms of its offer to acquire Irish dairy processor Newmarket Co-operative Creameries for approximately Eur33m. The offer is subject to approval by Newmarket shareholders and by the Competition Authority of Ireland.

Stan McCarthy, chief executive of Kerry Group.
Newmarket Creameries, located in North Cork, […]

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Resilient First Half From Greggs

  Resilient First Half From Greggs

Greggs, the UK’s largest retail baker, increased total group sales in the 26 weeks ended 3rd July 2010 by 2.9% to £321m as like-for-like sales advanced by 0.7%, in line with expectations of marginally positive like-for-like sales growth over the year. Operating profit rose by 13.1% to £18.5 million but the underlying increase was 4% […]

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Unilever Acquires Danish Ice Cream Business From TINE

  Unilever Acquires Danish Ice Cream Business From TINE

Unilever is acquiring Diplom-Is, a Danish ice cream business, from TINE, the Norwegian dairy group, for an undisclosed price. Employing 30 people, Diplom-IS operates five local distribution centers in Denmark. TINE also owns and operates Diplom-Is in Norway and Sweden, which it is retaining.
Unilever is one of the leading players in the Danish ice cream […]

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VION Investment Programme Creates 250 New Jobs in Scotland

  VION Investment Programme Creates 250 New Jobs in Scotland

Netherlands-based VION, Europe’s largest fresh meat group, is creating an additional 250 jobs within its Scottish operations. A multi-million pound investment programme, together with the support and commitment of the workforce, and active partnership with the Scottish Government, Scottish Development International (SDI) and Scottish Enterprise (SE), has delivered a swift and positive return.
Approximately 150 new […]

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Generation Brew – Young British Coffee Drinkers Not Satisfied With a Cup of Instant

New research from YouGov SixthSense reveals that a generational divide exists in UK coffee consumption. 83% of over 55s has drunk a cup of instant coffee in the last month compared to 67% of 18-24 year olds. Younger generations are more likely to choose alternatives such as a cappuccino (43%), a latte (39%) and an […]

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Further International Expansion By Eckes-Granini Group

  Further International Expansion By Eckes-Granini Group

Germany-based Eckes-Granini Group, one of the leading branded fruit juice producers in Europe, and KMV (Karlovarske Mineralni Vody), the leading bottled water supplier in the Czech market, have formed a strategic partnership. KMV has become the exclusive marketer of Eckes-Granini Group’s granini and YO brands in the Czech Republic and Slovakia.
“This strategic partnership is yet […]

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Sara Lee Searches For New Head

  Sara Lee Searches For New Head

US and international food and beverage group Sara Lee has announced that Brenda Barnes is stepping down permanently from the positions of chairman and chief executive so she can continue to focus on improving her health. In addition, she has resigned from Sara Lee’s board of directors and will not stand for re-election at the […]

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Hero Disposes of French Fruit Dessert Business

Swiss and international consumer food group Hero is selling its French fruit dessert business to Charles Faraud, which is majority owned by CIC-Banque de Vizille. The transaction will be completed at the beginning of September. Charles Faraud is a specialist in fruit desserts and is especially strong in the food service channel in France. Acquiring […]

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Northern Foods to Sell Dalepak Frozen Foods

  Northern Foods to Sell Dalepak Frozen Foods

UK convenience foods producer Northern Foods has agreed to sell Dalepak Frozen Foods to the Irish Food Processors Group, one of the largest meat processors in Europe, for an expected cash consideration of £6.4m. Dalepak, based in Northallerton, North Yorkshire, England, is a supplier of frozen food products, including meat and meat free grills, with […]

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Recession Boosts Domestic/local Spirits at Expense of International Brands

  Recession Boosts Domestic/local Spirits at Expense of International Brands

2009 was not a good year for multinational spirits companies. Euromonitor International’s ‘2010 Millionaires’ ranking saw total volumes of international brands on the list fall by 5% while domestic/local brands saw growth of 6%, selling over 400 million 9-litre cases. The Millionaires supplement is a ranking of spirits with sales of over one million 9-litre […]

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First Milk and Morrisons to Reduce Energy Consumption on British Farms

  First Milk and Morrisons to Reduce Energy Consumption on British Farms

First Milk, the UK’s largest farmer-owned dairy business, and Morrisons supermarkets have set up a strategic partnership to improve sustainability throughout the British cheese supply chain. The initial step for the partnership has been to work with a group of First Milk’s dairy farmers in Ayrshire on projects that can boost efficiencies on farm. After […]

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CVC Capital Partners to Acquire Autobar Group

Private equity group CVC Capital Partners is acquiring a majority stake in Autobar Group from Charterhouse Capital Partners, which will retain a significant minority stake. Autobar is one of Europe’s leading vending businesses, with around 100,000 customers in 11 countries in Europe and sales of Eur569m in the year to March 2010. Autobar supplies and […]

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Cadbury Acquisition Drives Profit at Kraft Foods

  Cadbury Acquisition Drives Profit at Kraft Foods

The acquisition of Cadbury has helped Kraft Foods to report higher than expected second quarter profit despite a decline in its North American sales. Cadbury contributed 91% of the 25% rise in the US-based food and beverage giant’s net revenues to $12.3b during the quarter.
Kraft Foods’ operating income increased 16.8% to $1.70b, including a favourable […]

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Milk Link to Launch I Can’t Believe It’s Not Cheddar in the UK

  Milk Link to Launch I Can’t Believe It’s Not Cheddar in the UK

UK dairy co-operative Milk Link is planning to launch I Can’t Believe It’s Not Cheddar, a new cheese product that contains 30% less fat than standard Cheddar, early next year. The new product will be produced by Milk Link under licence from Unilever, which also owns the popular I Can’t Believe It’s Not Butter brand. […]

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Further International Development by Yoplait

  Further International Development by Yoplait

Yoplait Group of France has granted exclusive franchise rights for the manufacture and distribution of Yoplait branded fresh dairy products, starting in UAE and later expanding in the rest of the GCC, to Arabian food producer Agthia Group.
The partnership with Yoplait is in line with Agthia’s business diversification strategy and marks Agthia’s entry into the […]

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Belgian Brewer Expands Through Acquisition

Belgian brewer Duvel Moortgat is expanding its portfolio of speciality beers with the acquisition of Antwerp-based Brouwerij De Koninck for an undisclosed sum. Brouwerij De Koninck is best known for its Bolleke brand which is popular in Antwerp and surrounding areas and parts of the Netherlands, and also enjoys strong brand recognition throughout Belgium.
The Bolleke […]

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Unilever Predicts Continued Slow Economic Growth

  Unilever Predicts Continued Slow Economic Growth

Unilever has reported a 35% increase in net profit to Eur2.21b on turnover ahead by 9.7% to Eur21.89b with underlying sales growth of 3.8% for the first half of 2010. Group operating profit rose by 20% to Eur3.07b.
Although prices were down by 2.6% during the first half, this was offset by underlying volume growth of […]

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Spirited First Half Performance by Campari

Benefiting from good consumption momentum across key brand and markets, the consolidation of its Wild Turkey acquisition and an easy comparison base versus last year’s first half, which was hit by the credit crunch and destocking activities, Italian drinks group Campari has increased net profit by 15.2% to Eur69.3m on sales up by 16.7% to […]

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First Half Loss For Pieno Zvaigzdes

Lithuanian dairy company Pieno Zvaigzdes has reported a loss of LTL0.8m (Eur0.2m) for the first half of 2010 compared to a net profit of LTL6.6m in the corresponding period of 2009. Sales for the first 6 months of 2010 declined by 9% to LTL273.4m (Eur79.2 m) as high raw milk prices and soft export markets […]

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Premier Foods Increases Branded Sales in First Half

  Premier Foods Increases Branded Sales in First Half

Premier Foods, the UK’s largest domestic food processor, has increased operating profit by £40m to £67m for the six months to 30th June 2010 following the completion of exceptional integration expenditure in 2009. However, trading profit declined 6% to £110m reflecting £11m of additional pension, marketing and restructuring costs.
Although the group’s brands are trading well […]

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Nichols Outperforms UK Soft Drinks Market

  Nichols Outperforms UK Soft Drinks Market

Nichols, the soft drinks group, has increased profit before tax by 39% to £6.0m on sales ahead by 17.8% to £44.2m for the six months to 30th June 2010. Whilst the total soft drinks market has grown by 5.1% in value terms, sales in Nichols’ UK soft drinks business grew by 19.3% in the first […]

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Cloned Meat Entered UK Food Chain

The Food Standards Agency in the UK has confirmed that meat from a cloned animal has entered the British food chain and has been eaten. While there is no evidence that consuming products from healthy clones, or their offspring, poses a food safety risk, meat and products from clones and their offspring are considered novel […]

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Arrow Group in the Red

Arrow Group has posted a Eur1.9m pre-tax loss on revenue down 18% to Eur340m for 2009, compared to a pre-tax profit of Eur4.6m in the previous year, as the Irish meat processor was impacted by reduced consumer spending and the weakness of sterling. Controlled by brothers Peter, Michael and John Queally, who also own Dawn […]

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Packaging Relaunch and Repositioning by Emmi

  Packaging Relaunch and Repositioning by Emmi

Swiss dairy processor Emmi is repositioning its products under the ‘Emmi’ umbrella brand. Typical Swiss symbols and the silhouette of a mountain peak in red and white are the key elements of the new packaging. For the first time, well-established products from the white (dairy and fresh products) and yellow (cheese) ranges will come under […]

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Nestle Enters Clinical Nutrition Products Market

  Nestle Enters Clinical Nutrition Products Market

Nestle has completed the acquisition of Vitaflo, a Liverpool-based global provider of clinical nutritional products which has enjoyed double-digit growth in the order of 30% over the last three years. This strategic transaction allows Nestle to enter the fast-growing global market for clinical nutrition products tailor-made for people with inherited metabolic disorders. This sector is […]

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Rectory Foods Expands in Eastern Europe

Rectory Foods, the UK-based supplier of poultry, red meat, fruit and vegetables and food ingredients to the food service, wholesale, food manufacturing and retail sectors, has expanded its business in Eastern Europe with the opening of a facility in Lithuania. Established through its UAB Baltreka subsidiary, the new facility will be used to source, store […]

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Cargill Supports Unilever’s Drive to Use Sustainable Palm Oil

Cargill has entered into a supply agreement to provide Unilever’s European operations with 10,000 metric tonnes of segregated refined palm oil, certified by the Round Table for Sustainable Palm Oil (RSPO). This means that the oil will have been certified as sustainable, having been segregated at every step in the supply chain. Cargill’s new offering […]

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Danone Strengthens Probiotic Business

  Danone Strengthens Probiotic Business

Danone has signed exclusive 10 years licence agreements with Probi, providing the French food and beverage giant with exclusive rights to use the Swedish probiotic research company’s Lp299 technology in probiotic fruit drinks and fruit juices for gut health outside North America. Danone is also acquiring a 51% stake in the ProViva probiotic digestive health […]

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Roshen Investing €8m to Modernise Lithuanian Factory

  Roshen Investing €8m to Modernise Lithuanian Factory

Roshen Confectionery Corporation will invest Eur3.2m towards the end of 2010 in new production lines as the first phase of a Eur8m modernisation programme at its caramel factory in Lithuania. When the programme is complete production will increase to 1,290 tons per month. Products from the modernised factory will be sold on EU markets from […]

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AB InBev Loses EU Trade Mark Decision

  AB InBev Loses EU Trade Mark Decision

The European Court of Justice, the top court in the European Union, has upheld earlier rulings by the European trade mark office and the European Court of First Instance which deny Anheuser-Busch InBev the right to register the Budweiser name as a trade mark in the EU. US brewing giant Anheuser-Busch, which was acquired by […]

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Kellogg Expanding European HQ

  Kellogg Expanding European HQ

Kellogg is creating fifty new jobs at its European headquarters at Swords in Ireland. The world’s largest breakfast cereal manufacturer is recruiting for senior positions in marketing, finance and sales at its European headquarters, and also expanding the sales team for its local Irish business. The fifty new staff will increase the number employed by […]

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Irish Distillers Pernod Ricard Appoints Commercial Director

Denis O’Flynn.
Irish Distillers Pernod Ricard has appointment Denis O’Flynn as commercial director Ireland. Irish Distillers Pernod Ricard is Ireland’s leading spirits and wines company producing five of the top ten spirits brands in Ireland. Included in its portfolio are Jameson, Powers and Paddy Irish whiskies, Absolut vodka, Havana Club rum and West Coast Cooler. The […]

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Europe’s Leading Canned Seafood Company Sold For €680m

  Europe’s Leading Canned Seafood Company Sold For €680m

Thai Union Frozen Products, Thailand’s major processor and exporter of canned and frozen seafood, is acquiring MW Brands, Europe’s leading canned seafood company, for an enterprise value of Eur680m from private equity firm Trilantic Capital Partners.
MW Brands is one of the European leaders in tuna and other ambient seafood products through its strong brands – […]

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Lactalis Acquires Rachel’s Organic

  Lactalis Acquires Rachel’s Organic

French and international dairy group Lactalis has extended its UK interests with the acquisition of Rachel’s Organic, the Welsh company best known for its organic yoghurt range, from US-based Dean Foods. Employing 140 people and with annual sales of about £30m, Rachel’s supplies more than 10 million pots of yoghurt a year and is the […]

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Simply Fresh Foods Acquired by Morrisons

  Simply Fresh Foods Acquired by Morrisons

Morrisons, the UK’s fourth largest supermarket group, has expanded its manufacturing division with the acquisition of Simply Fresh Foods, a supplier of stir-fry mixes, prepared vegetables and ready-to-eat salad products to the retail trade, for an undisclosed sum.
Based at Worsley near Manchester, Simply Fresh Foods will supply packed vegetable lines to Morrisons’ retail network of […]

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