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Greencore Makes Further Platform Acquisition in the US

    Greencore Makes Further Platform Acquisition in the US

Greencore has further strengthened its business in the US with the acquisition of  HC Schau & Son, a fresh food manufacturer with facilities in Chicago, Illinois and Jacksonville, Florida. The acquisition, which is worth up to $19 million, will form a critical part of the supply network for a significant new multi-regional contract gain in […]

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Greencore Strengthens US Foods Business

    Greencore Strengthens US Foods Business

Greencore Group, one of the leading convenience food manufacturers in the UK and Ireland, is strengthening its US business with the acquisition of Marketfare Foods for $36.0 million (£22.6 million). Marketfare is a leading manufacturer of food to go products for convenience and small stores in the US. Its principal customer is 7-Eleven, which it […]

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PepsiCo and Theo Muller to Build $206 Million Yogurt Factory

    PepsiCo and Theo Muller to Build $206 Million Yogurt Factory

PepsiCo, the world’s second largest snacks and beverages company, and Theo Muller, Germany’s largest privately owned dairy business, have chosen New York as the site for their first yogurt production facility in the US. Through their joint venture, Wave, the companies will invest $206 million (Eur153 million) and create 186 new manufacturing and support jobs […]

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SABMiller and Molson Coors Move into Fast Growing US Cider Market

    SABMiller and Molson Coors Move into Fast Growing US Cider Market

SABMiller and Molson Coors, through their MillerCoors brewing joint venture in the US, have moved into the cider market, the American beer industry’s fastest-growing category. Tenth and Blake Beer Company, MillerCoors’ craft beer and import division, has acquired Crispin Cider Company, the third largest producer of cider in the US.
Crispin Cider Company produces European-style natural […]

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Britvic Expands US Distribution of Fruit Shoot Brand

    Britvic Expands US Distribution of Fruit Shoot Brand

Britvic has signed agreements with three of the top four bottlers of Pepsi in the United States to expand the distribution of its leading soft drinks brand, Fruit Shoot. The agreements will see the manufacture of Fruit Shoot in the US for the first time, starting in Spring 2012.
 
Since its launch in the UK over […]

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C&C Group Acquires Number Two US Cider Brand

    C&C Group Acquires Number Two US Cider Brand

UK and Irish beverages producer C&C Group has acquired Hornsby’s, the number two domestic US cider brand, from E & J Gallo Winery, for a cash consideration of up to €20 million ($27.5 million). The deal makes C&C the second ranked cider company in the US with an estimated 20% share of a rapidly growing […]

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IDB Acquires US Cheese Ingredients Business

    IDB Acquires US Cheese Ingredients Business

The Irish Dairy Board has strengthened its presence in the US with the acquisition of Thiel Cheese & Ingredients for an undisclosed sum. Thiel is a well established and leading cheese ingredients solutions company based in Hilbert, Wisconsin. With annual sales of about $50 million, the company custom formulates and produces cheese-based ingredient solutions primarily […]

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Anheuser-Busch InBev to Invest $1 Billion in US Beer Business

    Anheuser-Busch InBev to Invest $1 Billion in US Beer Business

Anheuser-Busch InBev plans to invest more than $1 billion in its breweries  and other facilities in the US. The capital expenditure programme includes resources spent or committed in 2011 toward projects to further modernise brewing processes, upgrade systems to reduce greenhouse gas emissions, and install equipment for new products and innovations, among other items, with […]

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Dr Oetker to Build North American Pizza Factory

    Dr Oetker to Build North American Pizza Factory

Dr Oetker is to construct its first frozen pizza factory in North America. The German-based frozen foods group plans to build the factory in Ontario, Canada, at a cost of $50m – its largest investment outside Europe.
When completed, the new factory will produce 50m frozen pizzas a year for both the Canadian and US markets.

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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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Nestle’s Skinny Cow Ice Cream Brand Extended into Confectionery

    Nestle’s Skinny Cow Ice Cream Brand Extended into Confectionery

Nestle’s Skinny Cow low-fat frozen snacks brand has launched its first ever confectionery range in the US. The Skinny Cow brand – famous with its majority female fan base for its indulgent but low-calorie ice cream sandwiches, cones, cups and bars – is extending into the confectionery category with two new products offering four different […]

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Nestle Waters Expands Portfolio

    Nestle Waters Expands Portfolio

Nestle Waters is expanding its portfolio of bottled water to include high quality iced teas, lemonades and juices through acquisition. Nestle Waters North America is acquiring the Sweet Leaf Tea Company, including its Sweet Leaf and Tradewinds beverage brands. The acquisition – which remains subject to regulatory approval and satisfaction of other customary closing conditions […]

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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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US Food and Drug Administration Publishes Import Refusal Data

    US Food and Drug Administration Publishes Import Refusal Data

The United States Food and Drug Administration (FDA) recently published a list of every foreign manufacturer that has had a shipment refused entry to the US since October 2001. In the past, FDA listed Import Refusals monthly on its website. The ‘Import Refusals’ page of FDA’s site was ‘out of commission’ due to technical problems […]

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Robust 2010 Performance by Heineken

    Robust 2010 Performance by Heineken

Helped by the integration of its FEMSA acquisition in Latin America and continued growth of its flagship brand, Heineken increased net profit by 41% to Eur1.44b for 2010 on revenue up 9.7% to Eur16.13b. On an organic basis, net profit (beia) rose by 19.7%, driven by solid EBIT (beia) growth and lower interest costs, but […]

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Kellogg’s Crunchy Nut Launched in the US

Kellogg’s Crunchy Nut, the global cereal giant’s UK megabrand, has arrived in the US. The US launch is the latest example of Kellogg Company leveraging proven ideas from around its global markets and follows three decades of success in the UK.
Kellogg is launching the brand in the US with an enormous awareness-driving campaign that will […]

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Glanbia Acquires US Performance Nutrition Business for $144 Million

    Glanbia Acquires US Performance Nutrition Business for $144 Million

Glanbia, the international nutritional ingredients and cheese group, is acquiring Bio-Engineered Supplements and Nutrition (BSN) for $144m (Eur108m) to strengthen its portfolio in the fast growing, higher margin, sports nutrition sector. The business is being acquired on a debt free basis and is expected to be earnings enhancing in 2011. The acquisition is funded through […]

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Greencore Acquires US Sandwiches Business

    Greencore Acquires US Sandwiches Business

UK and Irish convenience food processor Greencore Group is extending its chilled prepared foods business in the US with the acquisition of On A Roll Sales, a manufacturer of fresh sandwiches based in Brockton, Massachusetts, for an undisclosed sum. Gross assets of the business being acquired at September 30th 2010 were $3.4m.
“On A Roll is […]

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Danone Continues US Dairy Expansion

    Danone Continues US Dairy Expansion

Danone is acquiring YoCream, the leading producer of frozen yoghurt in the United States, for $103m. The deal will enable Danone to move into frozen yoghurt, a fast growing segment in the US. It will also gain access to an away-from-home distribution network, in addition to its existing channels.
The move reflects Danone’s strategy for expansion […]

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Northern Foods and Greencore to Create £1.7 Billion Convenience Foods Giant

    Northern Foods and Greencore to Create £1.7 Billion Convenience Foods Giant

Northern Foods and Greencore, two of the UK’s leading convenience food processors, are to merge to create Essenta Foods, a £1.7b turnover business with strong positions in private label production along with significant band strength in biscuits and frozen pizzas, respectively through the Fox’s and Goodfella’s brands. The merger is expected to yield cost synergies […]

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Strong Annual Operating Performance by Refocused Greencore

    Strong Annual Operating Performance by Refocused Greencore

Following three strategic disposals to become sharply focused on its UK, Irish and US convenience foods operations, Greencore has reported a 17.6% rise in group operating profit from continuing operations to Eur59.7m on sales up by 6.9% to Eur856.9m for the year ended September 24th 2010. Group operating margin from continuing operations improved by 63bps […]

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Belvedere Disposes of US Spirits Production Business

Belvedere, the French spirits group, has sold its US production business, Florida Distillers, for $48m. However, Belvedere will retain is US distribution business, which includes the 4 Orange and Sobieski vodka brands. Belvedere acquired Florida Distillers for $56m in 2007.

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Greencore Expects 20% Jump in Annual Profit

  Greencore Expects 20% Jump in Annual Profit

Greencore, which is one of the UK’s leading convenience food manufacturers and also has operations in the US, expects group operating profit, excluding exceptional items and amortisation, on continuing businesses for the twelve months ended September 24 2010 to be about 20% ahead of the previous year. Sales from continuing businesses in convenience foods are […]

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Lotus Bakeries to Invest Eur27m to Expand Belgian Production Capacity

Due to rising export sales of its biscuits and cakes in France, Netherlands, UK, US and Asia, Lotus Bakeries is investing Eur27m to expand production capacity at its Belgian operations over the next three years. The group’s site at Lembeke will be extended and all caramelized biscuit production will be centred there. Lotus will also […]

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Northern Ireland Meat Companies Look to Growth in Global Markets

  Northern Ireland Meat Companies Look to Growth in Global Markets

Northern Ireland’s £1.5 billion meat industry must work on strategies that will reduce costs and increase its ability to exploit opportunities that will grow in Europe and other global markets over the next decade. The business opportunities and threats, including rising feed and other costs, as well as consumer trends facing the local industry, which […]

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Campari Acquires Liqueur Brands From William Grant For €128 Million

  Campari Acquires Liqueur Brands From William Grant For €128 Million

Italian drinks producer Gruppo Campari is acquiring the Carolans, Frangelico and Irish Mist brands from William Grant & Sons, the Scotch whisky distiller. The acquisition reinforces Campari’s position as a fast growing company in the US and key international premium spirits markets.
The enterprise value of the acquired business is Eur128.2m, corresponding to 7.5 times the […]

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Barry Callebaut to Expand Production Capacity After Global Supply Agreement With Kraft

  Barry Callebaut to Expand Production Capacity After Global Supply Agreement With Kraft

Barry Callebaut, the world’s largest manufacturer of cocoa and chocolate products, and Kraft Foods, the world’s second largest food company and a global leader in confectionery, have signed a long-term global product agreement. Under the terms of the agreement, Barry Callebaut will deliver the majority of Kraft Foods cocoa products and industrial chocolate requirements around […]

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Dogged Full Year Performance By Pernod Ricard

  Dogged Full Year Performance By Pernod Ricard

Pernod Ricard, the world’s second largest spirits and wine group, has reported a 1% increase in net profit to Eur951m on net sales down 2% to Eur7.08b for the 2009/10 financial year ended June 30th 2010. Organic sales growth was 2%, including a significant 9% upturn in the second half, but the results reflect negative […]

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Emerging Markets Drive Heinz

  Emerging Markets Drive Heinz

Emerging markets such as China, India, Indonesia, Latin America and Russia are expected to deliver at least 20% of Heinz’s total sales by 2013, more than double their contribution of just five years ago, according to William Johnson, chief executive of the US-based global food group.
“Emerging markets are key to unlocking future growth because their […]

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Solid First Half Performance By Emmi

  Solid First Half Performance By Emmi

Helped by rising international sales, Swiss dairy group Emmi has increased net profit by 21.5% to SFr39.9m (Eur31m) on sales down by 0.5% to SFr1.27b for the first half of 2010. The profit margin was 3.1 % and Emmi anticipates stable sales for the second half of the year, with the margin remaining at around […]

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Greencore Completes Disposal of Dutch Convenience Food Business

  Greencore Completes Disposal of Dutch Convenience Food Business

Leading UK and Irish convenience food manufacturer Greencore Group has completed the sale of its Netherlands-based convenience foods business, Greencore Continental, to Convenience Foods Europe, a subsidiary of Parcom Buy Out Fund IV.
Greencore Continental supplies sandwiches, chilled pizzas and chilled sauces to customers based in Continental Europe. It operates from two facilities located at Liessel […]

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Good Performance From Glanbia as Irish Business Returns to Profit

  Good Performance From Glanbia as Irish Business Returns to Profit

John Moloney, group managing director of Glanbia.
Glanbia, the international nutritional ingredients and cheese group, has delivered strong top line revenue, profit and margin growth for the six months ended July 3rd 2010 as its Irish dairy ingredients business was restored to profit. Group profit before tax increased 58.4% to Eur60.2m on revenue up 9.7% to […]

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Strong Showing From Heineken

  Strong Showing From Heineken

Global brewer Heineken has produced a strong first half performance but remains cautious on the development of beer consumption in Europe and the US due to continued weak consumer spending and planned austerity measures across many countries. Heineken reported a 42% jump in net profit to Eur695 million, partly due to positive exceptional items, on […]

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Emmi Strengthens US Cheese Business

  Emmi Strengthens US Cheese Business

Swiss cheese producer Emmi has expanded its international business with the acquisition of US cheese specialist Cypress Grove Chevre. Based in California, Cypress Grove is well known in the US for fresh and ripened premium goat’s cheese specialties. Emmi has also increased its stake in New York-based CASP (Contract Aseptic & Specialty Packaging) to 100%. […]

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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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Arla Foods Expands Cheese Production in America

  Arla Foods Expands Cheese Production in America

Arla Foods is expanding its dairy in Hollandtown, Wisconsin, in the US to match American consumers’ growing interest in ‘premium’ class quality cheese. The expansion will be completed in early summer 2011 and is set to boost sales.
Despite the financial crisis, Arla’s American sales continue to rise. Last year, Arla’s sales in the US rose […]

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Cott Extends Private Label Beverages Leadership With $500m Acquisition

Cott Corporation, the world’s largest retailer brand soft drinks company, is acquiring Cliffstar Corporation, the leading private label manufacturer of shelf stable juices, for a cash consideration of $500m.
Founded in 1970, New York-based Cliffstar is one of the leading suppliers of private label beverages and the largest private label producer of apple juice, grape juice, […]

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Sara Lee Refocusing Continues With €320m Disposal

  Sara Lee Refocusing Continues With €320m Disposal

US-based food, household and body care products group Sara Lee has completed the sale of its air care operation to Procter & Gamble for Eur320m. The disposal is part of the divesture of Sara Lee’s household and body care business as it seeks to refocus on its global food and beverage activities.
Brenda Barnes, chairman and […]

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GSK to Launch Lucozade Brand in the US

  GSK to Launch Lucozade Brand in the US

UK-based global healthcare group GlaxoSmithKline is planning to launch its Lucozade energy drink in the US, which is the world’s biggest nutritional health market. The Lucozade brand, which had sales of £376 million in 2009, is currently predominantly sold in Britain and Ireland.
However, it was recently launched in the vast Chinese market, after GSK signed […]

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