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Tag "snacks"

Kraft Foods Names New Board of Mondelez International

    Kraft Foods Names New Board of Mondelez International

Kraft Foods has announced the composition of the board of directors for its global snacks company, Mondelez International, which has will be separated from the North American grocery business in October 2012. Irene Rosenfeld (pictured), currently head of Kraft Foods, will be Chairman and CEO of Mondelez International. Other board members are:
* Stephen Bollenbach, 70, served […]

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PepsiCo UK to Invest £15.2 Million at Walkers

    PepsiCo UK to Invest £15.2 Million at Walkers

PepsiCo UK is investing £15.2 million in its Walkers snacks manufacturing campus at Leicester. The investment will support the introduction of a new production line making kettle-fried potato crisps, such as the Red Sky and Walkers Extra Crunchy varieties.
PepsiCo is also hiring 110 people as part of the expansion programme. First established in Leicester in […]

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Kellogg is One of Top 50 Companies for Diversity in 2012

    Kellogg is One of Top 50 Companies for Diversity in 2012

Kellogg Company’s long-standing commitment to diversity and inclusion was recognized when the company was named one of the ‘Top 50 Companies for Diversity’ in 2012 by DiversityInc, a leading global organisation focusing on diversity and inclusion. DiversityInc began recognising global companies that play a leading role in supporting and promoting diversity since it first published […]

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PepsiCo Potato Chip Brands Surpass $10 Billion in Global Retail Sales

    PepsiCo Potato Chip Brands Surpass $10 Billion in Global Retail Sales

PepsiCo’s global ‘Banner Sun’ potato chip portfolio has grown to more than $10 billion in annual retail sales, anchored by Lay’s, the world’s largest food brand and the number one potato chip brand globally. The ‘Banner Sun’ logo – which appears on packaging for leading brands such as Lay’s, Walkers, Smith’s and Sabritas – has […]

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Mondelez International is New Name For Kraft’s Global Snacks Business

    Mondelez International is New Name For Kraft’s Global Snacks Business

Kraft Foods’ high-growth global snacks business, which will be separated from its North American grocery business later in the year, will be called Modelez International. The North American grocery company will become Kraft Foods Group, retaining the Kraft brand for its corporate identity and as the brand for many of its consumer products. As a […]

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Kellogg Company to Acquire Pringles For $2.7 Billion

    Kellogg Company to Acquire Pringles For $2.7 Billion

Kellogg Company has agreed to acquire Procter & Gamble’s Pringles business for $2.695 billion. Pringles is an excellent strategic fit for Kellogg and significantly advances the company’s goal of building a global snacks business on par with its global cereal business.
Pringles is the world’s second largest player in savoury snacks, with $1.5 billion in sales […]

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Major Restructuring at PepsiCo to Maintain Profitable Growth

    Major Restructuring at PepsiCo to Maintain Profitable Growth

With worldwide snacks and beverage volumes rising by 8% and 5% respectively, PepsiCo has increased operating profit by 16% to $9.63 billion on net revenue up 15% to $66.5 million for 2011. Reported net income rose by 2% to $6.46 billion.
The results reflect top-line gains across its worldwide snacks and beverage businesses, the acquisition of […]

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New Head of Marketing at Intersnack UK

    New Head of Marketing at Intersnack UK

Intersnack, the UK savoury snack supplier and owner of the Pom-Bear and Penn State brands, has appointed Dave Wilson to the new role of head of marketing. Previously brand marketing manager at Northern Foods, Dave Wilson is an experienced international marketer who cut his teeth in the FMCG environment with Vileda Germany before moving into […]

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United Biscuits to be Split Up

    United Biscuits to be Split Up

Private equity firms Blackstone Group and PAI Partners are reported to be considering splitting their United Biscuits business into two elements – one centred on biscuits and the other on bagged snacks. Blackstone and PAI offered the entire business for sale with a price tag of about £2 billion in 2010 but to no avail, […]

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Irene Rosenfeld to Lead Kraft’s Global Snacks Company

    Irene Rosenfeld to Lead Kraft’s Global Snacks Company

In the next step toward dividing into two public companies, Kraft Foods has announced the appointments of the heads of the future global snacks and North American grocery businesses. Irene Rosenfeld (pictured), currently chairman and chief executive of Kraft Foods, will be chairman and chief executive of the global snacks company, which will have $31 […]

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Kraft Foods to Split into Two Businesses

    Kraft Foods to Split into Two Businesses

Kraft Foods intends to spin-off of its North American grocery business to shareholders. The move will create two independent public companies – a high-growth global snacks business with estimated revenue of about $32 billion and a high-margin North American grocery business with estimated revenue of approximately $16 billion. The target is to launch the new […]

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Record Confectionery Performance Lifts Zetar

    Record Confectionery Performance Lifts Zetar

Despite the difficult trading environment, Zetar, the UK confectionery and snack food group, increased revenue by 2% to £135.0m and adjusted operating profit by 3% to £7.5m for the year ended 30th April 2011. Adjusted profit before tax rose 6% to £6.7m and EBITDA increased from £9.6m to £9.8m.
The results reflect a record performance by […]

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PepsiCo Launches European Search for Emerging Communications and Technology Companies

    PepsiCo Launches European Search for Emerging Communications and Technology Companies

PepsiCo has announced an open call for digital entrepreneurs across Europe to apply to take part in ‘PepsiCo10’, an innovation incubator program designed to discover and support emerging technology companies whose ideas and solutions can be applied to drive business value for the global soft drinks and snacks group.
Launched successfully in the United States last […]

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Zetar Expands Confectionery Business

    Zetar Expands Confectionery Business

Zetar, the UK confectionery and snack foods company, has acquired Derwent Lynton for a maximum consideration of up to £0.8m. Based in Derby, Derwent Lynton is a chocolate confectionery manufacturer specialising in solid milk chocolate and chocolate flavour balls and eggs, hollow milk chocolate shapes, sugar-coated milk chocolate products including eggs & beans and chocolate […]

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Diamond Foods Bags Pringles in $2.4 Billion Deal

    Diamond Foods Bags Pringles in $2.4 Billion Deal

US-based snacks group Diamond Foods is acquiring the Pringles business from Procter & Gamble in a deal worth $2.35b. Pringles is the world’s largest potato crisp brand with sales in over 140 countries and manufacturing operations in the US, Europe and Asia. The brand has been built over 45 years with a combination of proprietary […]

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Bright Food Group Favourite For Yoplait Stake

    Bright Food Group Favourite For Yoplait Stake

Chinese food conglomerate Bright Food Group is reported to be in pole position in the race to acquire PAI Partners’ 50% stake in Yoplait. Rivals for the shareholding in the French and international yoghurt producer are believed to include Switzerland-based Nestle and General Mills of the US. The other 50% of Yoplait is owned by […]

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New Head at United Biscuits

Benoit Testard, group chief executive of United Biscuits.
United Biscuits, leading European manufacturer of biscuits and snacks, has appointed Benoit Testard as its group chief executive, effective from Monday, 21st February. Formerly, Benoit Testard successfully led the group’s Northern Europe operations and then from 2004 the UK region, which represents 70% of United Biscuits’ business.
Prior to […]

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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 […]

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Surge in Sales at PepsiCo

    Surge in Sales at PepsiCo

Driven by gains across its worldwide snacks and beverage businesses, and from the acquisitions of its anchor bottlers earlier in the year, PepsiCo has reported a 34% surge in net revenue to $57.84b for 2010 with net income up 6% to $6.34b and ahead by 15% on a constant currency basis.
The successful integration of its […]

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Diamond Foods to Expand UK Kettle Foods Plant

    Diamond Foods to Expand UK Kettle Foods Plant

US-based snacks group Diamond Foods is investing $10m to expand of its UK production facility in Norwich to meet increasing demand for Kettle Chips. The Kettle brand has experienced significant growth driven by the introduction of its new Kettle Ridge Crisp line, the expansion of its Kettle Chip sharing, single serve and multi-pack lines and […]

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PepsiCo to Acquire 66% of Wimm-Bill-Dann For $3.8 Billion

    PepsiCo to Acquire 66% of Wimm-Bill-Dann For $3.8 Billion

PepsiCo is acquiring a 66% stake in Wimm-Bill-Dann Foods, Russia’s leading branded food and beverages company, for $3.8b, pending the required government approvals. Wimm-Bill-Dann is a leader in both traditional and value-added dairy products, with a solid position in juice.
The transaction will establish PepsiCo as the largest food-and-beverage business in Russia, make it a leader […]

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United Biscuits Sale Talks End

    United Biscuits Sale Talks End

The exclusive talks to acquire United Biscuits, the British and international biscuits and snacks manufacturer, between its owners and Chinese food conglomerate Bright Food Group are reported to have ended with no formal offer forthcoming. The co-owners of United Biscuits, private equity firms Blackstone Group and PAI Partners, have now opened talks with other potential […]

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United Biscuits Sale Talks Close to Collapse

  United Biscuits Sale Talks Close to Collapse

The exclusive talks to acquire United Biscuits, the British and international biscuits and snacks manufacturer, between its owners and Chinese food conglomerate Bright Food Group are reported to have stalled over the asking price of around £2b. United Biscuits was put up for sale earlier this year by its private equity owners Blackstone Group and […]

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PepsiCo Plans to Revolutionise its Farming with New i-crop Technology

  PepsiCo Plans to Revolutionise its Farming with New i-crop Technology

PepsiCo plans to roll-out globally its new i-crop farming technology that will enable the soft drinks and snacks group’s farmers around the world to monitor, manage and reduce their water use and carbon emissions, while also maximizing potential yield and quality. The web-based crop management system was developed by PepsiCo in conjunction with Cambridge University […]

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PepsiCo Plans to Invest $140 Million in New Beverage Plant in Russia

  PepsiCo Plans to Invest $140 Million in New Beverage Plant in Russia

Global soft drinks and snacks giant PepsiCo plans to invest $140m to build its tenth plant in Russia. The new plant will be constructed in the city of Azov, where the company recently completed a snacks plant.
Indra Nooyi, chairman and chief executive of PepsiCo.
Both plants in Azov are part of PepsiCo’s $1b investment programme in […]

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Chinese Food Group Eyes United Biscuits

  Chinese Food Group Eyes United Biscuits

Chinese food conglomerate Bright Food Group is reported to be holding exclusive talks to acquire United Biscuits, the British and international biscuits and snacks manufacturer, for more than £2b. Private equity owners Blackstone Group and PAI Partners put United Biscuits up for sale earlier this year.
United Biscuits is one of the world’s leading branded biscuits […]

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Consolidation in UK Vending Machines Market

SnackTime, one of the UK’s largest national operators of snack and chilled drink vending machines, has acquired Vendia UK for a maximum consideration of £10.98m. Vendia UK’s core operation is a traditional vending business specialising in the sale of hot beverages, which complements SnackTime’s confectionery and chilled drinks operations.
For the year ended December 31st 2009, […]

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Grupo Siro Opens €6m R&D Centre

Spanish food group Grupo Siro has opened a new Eur6m research and development facility at El Espinar in northern Spain. The 3,000 sq m facility, which will house a team of 30 researchers, will focus on new product development. It will also undertake contracts for other food manufacturers. Grupo Siro operates across five food categories […]

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Seabrook Crisps Plans New English Factory

  Seabrook Crisps Plans New English Factory

Seabrook Crisps, the north of England-based snacks manufacturer, is planning to build a new factory in the south of the country as part of its five year development plan to expand its geographical coverage and to increase sales to £200m by 2022. The family run company, which has increased turnover by 130% to £28m in […]

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Campbell Considering Bid For United Biscuits

  Campbell Considering Bid For United Biscuits

US-based Campbell, the world’s largest soup company, is reported to be preparing a £1.5b break-up bid for United Biscuits, the British and international biscuits and snacks manufacturer. Campbell’s interest is in the biscuits part of United Biscuits, which includes the McVitie’s, Penguin, Jaffa Cakes and HobNobs brands. United Biscuits is also a major snacks manufacturer […]

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United Biscuits Offered For Sale

  United Biscuits Offered For Sale

Private equity firms Blackstone Group and PAI Partners are reported to be seeking to sell British and international biscuits and snacks manufacturer United Biscuits for £2b or more. In 2009, United Biscuits increased EBITDA by 13.7% to £223.4m on turnover up 5% to £1.26b.
United Biscuits is one of the world’s leading branded biscuits and snacks […]

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