FDBusiness.com

 Breaking News
  • Arla Foods Further Strengthens its Innovation Agenda As Arla Foods continues its pursuit to become one of the leading dairy innovators in the world, it is taking a bold new approach to innovation and new product development, including creating a new Product and Innovation organisation and appointing a new Senior Vice President. Driving the development of the new organisation is the opportunity Arla has [...]...
  • Orkla Buys Pama Brand Okla, the leading branded consumer goods company in the Nordic region, has purchased the Pama brand, a local brand offering consumers porridge rice in Denmark and Sweden, from PepsiCo for an undisclosed price. Pama had been a part of PepsiCo since its acquisition of The Quaker Oats Company in 2001. Orkla Foods Danmark is currently distributor [...]...
  • Label&Print 2019 Welcomes the Future of the Print Industry Label&Print, which returns to Birmingham’s NEC on 27 & 28 February 2019, will offer visitors an exclusive look at the future of the industry, showcasing the very latest products, services and technologies available to the packaging community. From leading sellers and manufacturers of print and labelling equipment, through to designing, branding and finishing experts, it [...]...
  • PepsiCo Elects CEO Ramon Laguarta as Chairman PepsiCo’s board of directors has unanimously elected Ramon Laguarta as the company’s Chairman, succeeding Indra K. Nooyi who announced in August 2018 her intention to step down as PepsiCo CEO effective October 3, 2018 and remain Chairman until early 2019 to ensure a smooth and seamless transition. The appointment is effective when Chairman Nooyi retires from the company [...]...
  • Visitors to Irish Whiskey Distilleries Up 13% in 2018 The Irish Whiskey Association (IWA) has published statistics which show that there were 923,000 visitors to Irish whiskey distilleries in 2018. This marks a 13.4% increase on 2017, when visitor numbers reached 814,000. The figures are based on returns from 13 Irish whiskey distillery visitor centres and brand homes located across the island of Ireland. Overseas [...]...

Lantmannen Unibake Continues International Expansion With Hungarian Acquisition

  Lantmannen Unibake Continues International Expansion With Hungarian Acquisition

In line with its international expansion strategy, Lantmannen Unibake, , which is one of Europe’s leading frozen bakery products suppliers, is acquiring a new fast food bakery from Hungarian milling and bakery group Elso Pesti for an undisclosed fee. The acquisition of new production capacity in Hungary strengthens the Danish bakery group’s position in the […]

Read Full Article

Improvement at Loss-making Bernard Matthews

  Improvement at Loss-making Bernard Matthews

UK turkey processor Bernard Matthews has reported a loss before tax, but after exceptional items, of £4m for the year ended January 3rd 2010 on turnover from continuing operations down slightly from £335.1m in 2008 to £330.5m. However, operating profit from continuing operations before exceptional costs rose to £2.5m, from £0.9m in 2008, as initiatives […]

Read Full Article

UK Concern Over the Effects of Soft Drinks Advertising on Children

A YouGov SixthSense report into the UK drinks market has shown that 1 in 4 adults believe fizzy drinks contribute significantly to obesity, and 71% feel that soft drinks are largely responsible for bad teeth, while a significant minority would support a blanket ban on sugary drinks advertising.
For many parents, getting their kids to eat […]

Read Full Article

Strong Performance From Fuller Smith & Turner

James Douglas (left), finance director, and Michael Turner, chairman of .Fuller Smith & Turner.
Despite the challenging environment for the UK economy and the drinks industry, British regional brewer and pub operator Fuller Smith & Turner increased revenues by 8% to £227.7m in the 52 weeks ended March 27th 2010 and adjusted profit before tax (excluding […]

Read Full Article

Reprieve For British Brewery

  Reprieve For British Brewery

Strong sales of Budweiser lager have prompted Anheuser-Busch InBev to defer the planned closure of the Stag Brewery at Mortlake in South London. The brewery was scheduled to shut at the end of 2010 with the loss of 180 jobs as part of a £690m cost saving programme following the merger of InBev and Anheuser-Busch. […]

Read Full Article

Hain Celestial Acquires Churchill Foods

  Hain Celestial Acquires Churchill Foods

US-based natural and organic products company Hain Celestial Group has acquired Churchill Food Products, a manufacturer and distributor of food-to-go products in the UK, for an undisclosed sum. Located in Nottingham, Churchill’s production is expected to complement Hain Celestial’s existing Daily Bread brand. The acquisition is part of Hain Celestial’s plan to return to profitability […]

Read Full Article

Danone and Unimilk to Create Leading Dairy Business in Russia and the CIS

Global food giant Danone is to merge its fresh dairy products business in the CIS area with Unimilk, Russia’s second largest manufacturer of dairy products and baby food. Established in 2002, Unimilk operates 28 production plants in Russia, Ukraine and Belarus and has 14,000 employees. Unimilk’s sales in 2009 amounted to Eur1b (up 7% on […]

Read Full Article

Nestle Completes SFr25b Share Buyback and Starts New Programme

Paul Bulcke, chief executive of Nestle.
Nestle has completed the remaining SFr10b (Eur7.2b) share buyback of its SFr25b share buyback programme initiated in August 2007. Since August 2009, Nestle has repurchased 203,400,000 of its shares for a total of SFr10b at an average purchase price per share of SFr49.17. The average purchase price per share for […]

Read Full Article

Heinz Continues Drive into Emerging Markets With Expansion in China

  Heinz Continues Drive into Emerging Markets With Expansion in China

HJ Heinz is acquiring Foodstar, a leading manufacturer of soy sauces and fermented bean curd in China, from Transpac Industrial Holdings, a private equity firm. The acquisition will increase Heinz’s annual sales in China to about $300m and enable the group to enter the nation’s fast-growing $2b retail soy sauce market.
The purchase price consists of […]

Read Full Article

Vandemoortele to Extend Margarines and Fats Business

  Vandemoortele to Extend Margarines and Fats Business

Belgium-based Vandemoortele Group, which specialises in the production of frozen bakery products and margarines and fats, is acquiring the margarine and frying fats activities of Dutch company Van Dijk Food Products, part of the EFS Group, for an undisclosed sum.
Located in Zeewolde, the margarine and frying fats business of Van Dijk Food Products, achieved a […]

Read Full Article

Austrian Dairy Merger

  Austrian Dairy Merger

Austria’s largest and fourth biggest dairy groups, Berglandmilch and Tirol Milch respectively, are planning to merge. The deal is subject to agreement by the two companies’ 16,000 dairy farmer members and approval by the competition authority.

Read Full Article

Emmi Strengthens Position in Swiss Cheese

  Emmi Strengthens Position in Swiss Cheese

Emmi has consolidated its position within the Swiss cheese market following approval of its proposed acquisition of Fromalp by the competition authority. Fromalp, which specialises in the manufacture and distribution of typical Swiss cheese products, employed 150 people in 2009 and generated sales of approximately SFr100m (Eur70m), with exports accounting for 40%.
Emmi expects that the […]

Read Full Article

Aryzta Makes Strategic Acquisitions Worth $1.08b

  Aryzta Makes Strategic Acquisitions Worth $1.08b

Switzerland-based speciality bakery group Aryzta has made two strategic acquisitions to significantly strengthen its position in Europe, North America and in other international markets. Aryzta has acquired Fresh Start Bakeries (incorporating Pennant Food and Sweet Life) and Great Kitchens for $900m and $180m respectively.
Operating 29 specialist production facilities across the US, Canada, Germany, Poland, Sweden, […]

Read Full Article

Dairy Crest Reduces stake in Wexford Creamery

Dairy Crest has reduced its stake in its Irish dairy joint venture, Wexford Creamery, from 80% to 30%. Wexford Milk Producers, Dairy Crest’s partner in Wexford Creamery, has increased its stake from 20% to 70% after the approval of its farmer members for the transaction.
The deal is in line with Dairy Crest’s strategy of concentrating […]

Read Full Article

Danone Bolsters US Medical Nutrition Business

  Danone Bolsters US Medical Nutrition Business

Danone is acquiring Medical Nutrition USA for $ 62m in cash. MNI introduced the concept of liquid protein supplements for elderly people in the US long-term care market in 2003. The company’s flagship range of products now addresses protein supplementation and wound care support. MNI, which had revenue of $16m last year, will become part […]

Read Full Article

Valio Opens New €40m Butter Plant in Finland

  Valio Opens New €40m Butter Plant in Finland

Finnish dairy group Valio has officially opened a new Eur40m butter facility at its plant at Seinajoki. According to Valio, the new 100,000 tons per annum production unit is the most modern of its type in the world.
Built in 1979, the Seinajoki plant produces all of Valio’s butter and spreads and also houses a powder […]

Read Full Article

Carlsberg to Increase Stake in Chinese Brewer

  Carlsberg to Increase Stake in Chinese Brewer

Carlsberg is increasing its shareholding in Chongqing Brewery Co from 17.5% to 29.7%. The purchase price for the 12.25% stake in CBC is approximately RMB2.385b (DKr 2.1b) in total. With 15 breweries in China, CBC is market leader in the Chongqing province and operates in the surrounding provinces of Sichuan, Guizhou, Guangxi and Hunan and […]

Read Full Article

Private Equity Group Grabs Plum Baby

Darwin Private Equity has completed the acquisition of UK organic baby food business Plum Baby for £10m. Launched in 2006 by Susie Willis, Plum has pioneered the premium baby food sector in the UK and is on track to achieve retail turnover of £15m in 2010.
Its range of over 50 products, created with the ethos […]

Read Full Article

R&R Ice Cream Increases Presence in Mainland Europe

  R&R Ice Cream Increases Presence in Mainland Europe

R&R Ice Cream, with operations in the UK and Germany, is expanding its international business with the proposed acquisition of Rolland, the third largest ice cream manufacturer in France, for an undisclosed sum. Producing private label, branded and licensed products, Rolland produces about 65m litres of ice cream a year with roughly 25% exported to […]

Read Full Article

Sodiaal Closes in on Acquisition of Entremont Alliance

French dairy group Sodiaal has reached a preliminary agreement to acquire Entremont Alliance, its loss making rival. The deal would create the fourth largest dairy group in Europe with combined annual sales of more than Eur4b and processing over 5b litres of milk annually. Sodiaal owns French milk brand Candia and also has a joint […]

Read Full Article

Raisio Launches Benecol Bread in Romania

Finnish food group Raisio has introduced Dobrogea Benecol, a cholesterol lowering bread, in the Romanian market. Launched by Raisio’s Romanian partner Doprogea Grup, Benecol bread is the first cholesterol-lowering foodstuff in Romania. Dobrogea Grup is a leading company in the milling and bakery industry in Romania and had net sales of Eur60m in 2009.
The launch […]

Read Full Article

Danone and Unimilk to Create Leading Dairy Business in Russia and the CIS

  Danone and Unimilk to Create Leading Dairy Business in Russia and the CIS

Global food giant Danone is to merge its fresh dairy products business in the CIS area with Unimilk, Russia’s second largest manufacturer of dairy products and baby food. Established in 2002, Unimilk operates 28 production plants in Russia, Ukraine and Belarus and has 14,000 employees. Unimilk’s sales in 2009 amounted to Eur1b (up 7% on […]

Read Full Article

Cognac Fortifies Remy Cointreau

  Cognac Fortifies Remy Cointreau

Helped by a strong performance from its cognac division, French drinks group Remy Cointreau has reported a 7.2% organic growth (2.2% on a published basis) in operating profit to Eur140m for the year ended March 31st 2010 on turnover of Eur807.8m, up by 12% organically (13.1% published). Group organic operating profit margin fell from 19.2% […]

Read Full Article

Britvic Completes €237m French Acquisition

  Britvic Completes €237m French Acquisition

In line with its ambitions to expand internationally, UK-based Britvic has acquired Fruite, an independent French soft drinks producer with market leading positions in syrups and ambient juice with brands such as Teisseire and Moulin de Valdonne, Fruite and Pressade, for Eur237m.
The acquisition gives Britvic entry to the attractive Eur12.5b French soft drinks market and […]

Read Full Article

Ardo Acquires Ploegmakers Food Ingredients

Ardo Group, the Belgium-based frozen fruit and vegetables producer, has acquired Dutch company Ploegmakers Food Ingredients for an undisclosed price. Established in 1963, Ploegmakers Food Ingredients specialises in processing vegetables, herbs, potatoes and fruit. Its products are supplied as fresh-frozen or refrigerated semi-manufactured products to be used in soups, sauces, snacks, ready meals, salads, bakery […]

Read Full Article

Dairy Crest Delivers on Key Objectives

Dairy Crest is continuing to reap the benefits of its development strategy of brand investment, cost reduction and cash generation.
Dairy Crest has reported a slight decline in revenue from £1.648 billion to £1.63 billion for the year ended March 31st 2010, as strong sales growth of key brands and liquid milk to retailers, which together […]

Read Full Article

Flat Sales and Underlying Profit at Northern Foods

UK convenience food group Northern Foods has reported flat full year underlying profit of £39.2m on revenue slightly ahead from £975.2m to £977.0m. After restructuring items of £26.6m, primarily reflecting the closure of the Hull ready meals facility following the loss of the site’s anchor customer, and the impairment arising from the group’s Swansea site, […]

Read Full Article

Kerry Ingredients & Flavours Reflects Customer and Market Demand at IFFA 2010

  Kerry Ingredients & Flavours Reflects Customer and Market Demand at IFFA 2010

At IFFA 2010, Europe’s leading fair for the meat industry, Kerry will exhibit a range of integrated solutions concepts on stand G81 in Hall 4.1. These will demonstrate how Kerry’s unique integration of technologies, application capabilities and product portfolio can help producers of meat products create consumer-preferred products faster and more cost-effectively, compared with the traditional […]

Read Full Article

AG Barr Sparkles as it Breaks £200 Million Sales Barrier

Having broken through the £200 million sales barrier and lifted profits by 20% while significantly outperforming the UK soft drinks market in its 2009 financial year, Glasgow-based AG Barr has now commenced a £10 million expansion programme at its Cumbernauld site in Scotland.
According to AG Barr, the UK soft drinks market, in contrast to the […]

Read Full Article

£320 Million Capital Investment by UK Dairy Processors

Although 2009 was a tough year for UK dairy processors, the market fundamentals remain sound and reflecting this confidence in the long-term outlook, capital investment projects worth over £320 million are currently ongoing or just recently completed within the industry.
Encompassing liquid milk, cheese, yoghurts and chilled desserts, yellow fats (butter, spreads and margarine) and cream, […]

Read Full Article

Ardo UK Consolidates With £16 Million Development

Ardo UK is now prepared to meet the growing consumer demand for frozen foods while also improving cost competitiveness after consolidating its two UK operations into a single site at Charing in Kent, following investment of £16 million.
Well known for its Ardo and Shearway brands, Ardo UK specialises in producing and packaging frozen fruit and […]

Read Full Article

Arla Foods Invests For Growth

  Arla Foods Invests For Growth

Having been forced by the severe economic environment in 2009 to make cuts across its business, Arla Foods has substantially increased its investment budget for 2010 to DKr1.84 billion (Eur250 million) as the Scandinavian dairy giant again focuses on expansion.
In addition to marketing expenditure to drive sales growth, the investment budget has earmarked funds for […]

Read Full Article



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

Jobs: Food & Drink Industry

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements