Tag Archive | "healthy snacks"

LINPAC launches vented pyramid packs


Stacked 1Fresh food packaging manufacturer, LINPAC, has added to its Freshware® portfolio with a new range of innovatively designed vented pyramid packs to meet the changing demands of the consumer snacking and convenience trend.

Nick James, LINPAC European sales director for Freshware, said: “When the food-to-go trend first took hold, it was very much focused on portability of products, ease of use and much more about indulgence – enjoying a ‘treat’ whilst out and about.

“What we have seen over the last couple of years is a growing demand to cater for the more health-conscious consumer in the snacking and convenience area. They still look for the portability and ease of use factors for eating on-the-go but the types of food we are now developing packaging for is changing.”

The new vented pyramid packs have been designed for whole ‘mini-snacking’ vegetables such as peppers, cucumbers and carrots, and tomatoes.

Vent holes have been added to the company’s conventional pyramid pack design to allow air to circulate and the food to breathe, eliminating condensation from the packs and extending the shelf life of the food contained within. In addition, the packs have been designed in such a way that the rigidity, and therefore the protection element of the container, is not compromised.

Mr. James added: “Sales of convenience foods within Europe are set to grow by 5.3 per cent over the next two years and our expanding Freshware range taps in to this increasing demand for foods designed to be eaten on-the-go or after minimal preparation.

“As a manufacturer that is proud to be at the forefront of innovation, LINPAC is committed to developing solutions that respond to changing consumer needs, whilst also being groundbreaking in their design and functionality.”

The Freshware range from LINPAC comprises a range of containers for prepared fruit, salads, dips, sandwich fillers, fresh pasta, olives, anti pasti, tapas and dried nuts. Pyramid packs come in a range of sizes and with a choice of domed or flat lid designs. Mini forks can also be included within packs to enhance the convenience function.

The crystal clear rPET packs are manufactured using high levels of post consumer recyclate (PCR), which has been supercleaned in-house by LINPAC, to ensure compliance with all food safety regulations.

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Raisio in Middle of Growth Phase


Raisio, the Finnish food and functional food ingredients group, increased net sales by 17.9% to Eur443.0m in 2010. EBIDTA fell from Eur37.5m (excluding one off items) in 2009 to Eur35.3m last year. EBIT was Eur19.4m (Eur20.5m excluding one-off items), which accounts for 4.4% (5.5%) of net sales, which is in accordance with Raisio’s all-year guidance.

“Raisio is in the middle of the growth phase which we expect to last two years. During the growth phase, we aim to increase net sales and our international activities,” points out Matti Rihko, chief executive of Raisio.”

Matti Rihko, chief executive of Raisio.

In the first half of 2010, Raisio acquired Glisten to enter the snacks and confectionery market in Great Britain. Since its year end, Raisio has acquired Big Bear Group for Eur95.3m to gain a stronger branded foothold in the snacks and breakfast cereals markets in Great-Britain and Western Europe. The acquisition supports Raisio’s growth strategy to become the leading provider of healthy snacks in Europe.

Matti Rihko continues: “We will continue to be active in the acquisitions front. The group’s strong balance sheet and cash flow provide a good foundation for acquisition activities as far as there are suitable companies available fitting our strategy and meeting our preset criteria. During the growth phase, Raisio aims to maintain the earlier 4-5% level of profitability.”

Great-Britain has now become the largest market area for Raisio’s food business with Eur140-150m of net annual sales.

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Raisio Acquires Big Bear Group


Finnish food group Raisio has acquired UK-based Big Bear Group for Eur95.3m (£82.0m) to further its growth strategy of becoming the leading provider of healthy snacks in Europe. In the financial year to the end of August 2010, Big Bear Group’s net sales were Eur65.1 m, EBITDA was Eur13.6m and EBIT was Eur12.1m. Nearly 70% of net sales are generated by breakfast and snack products and 30% by confectionery. The company employs some 250 people and has production in two locations in Leicester and in Southall, London.

Big Bear Group was founded in 2003 and it has acquired traditional, well-known brands in Britain. In breakfast category, the company owns the brands Honey Monster, Honey Waffles and Sugar Puffs, in snack bars Harvest Cheweee and Fox’s in confectionery. The product range includes breakfast cereal products mainly for the children’s category as well as healthy snack bars and cereal products with no artificial flavours or colours.

With the acquisition, Raisio will gain a stronger foothold in the branded snacks and breakfast markets in Great Britain and Western Europe. The deal will also strengthen the company’s position in the UK confectionery market. Great Britain becomes the largest market area for Raisio’s food business with Eur140-150m in annual net sales. Raisio is already present in the British snacks market with Glisten, which it acquired for Eur22.8m in 2010.

Matti Rihko, chief executive of Raisio.

“Big Bear complements extremely well the earlier acquisition of Glisten and brings the necessary critical mass for the future,” says Matti Rihko, chief executive of Raisio. He points out that Raisio’s growth is proceeding according to plan and that the company will continue to be an active player in the acquisition market. Big Bear Group will be integrated into Raisio’s Western European brand operations.

Big Bear Group was owned by the company’s senior management together with a group of institutional investors including specialist private bank Investec.

Investec has realised an Internal Rate of Return on its original investment of over 37%. Investec has supported Big Bear since its inception, backing its first acquisition in September 2003 of a non-core division from Northern Foods and the subsequent acquisition of the Sugar Puffs, the Honey Monster and other brands from Pepsico in 2005.

Investec backed a management team led by Paul Wilkinson, John Jackson (joint chairmen) and Mario Giannotta (chief executive) to build the business via acquisition and organic growth. Since the first acquisition, management has increased group EBITDA from £1m to £12m.

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