FDBusiness.com

News

Coca-Cola HBC to Acquire Italian Water and Sparkling Beverages Company in €88 Million Deal

    Coca-Cola HBC to Acquire Italian Water and Sparkling Beverages Company in €88 Million Deal

Coca‑Cola HBC has agreed to acquire Acque Minerali, a privately-held natural mineral water and adult sparkling beverages business based in Italy. The acquisition is being made in conjunction with The Coca-Cola Company, in-line with previous similar acquisitions. The total enterprise value payable by Coca‑Cola HBC and The Coca‑Cola Company, subject to customary closing adjustments, amounts […]

Read Full Article

EU Leading in Global Agri-food Trade

    EU Leading in Global Agri-food Trade

The EU has been confirmed for yet another year in its position as the largest global exporter of agri-food products, with sales reaching €138 billion in 2018. Agriculture products represent a solid share of 7% of the value of EU total goods exported in 2018, ranking fourth after machinery, other manufactured goods and chemicals.
Agriculture and […]

Read Full Article

Chivas Brothers Opens New Head Office

    Chivas Brothers Opens New Head Office

Chivas Brothers, the Scotch whisky business of Pernod Ricard, has opened a new 27,000 sq ft head office in the centre of Glasgow. Jean-Christophe Coutures, chairman and chief executive of Chivas Brothers, says: “We need to keep moving with the times and this is the beginning of a new and exciting chapter for Chivas Brothers […]

Read Full Article

Danish Crown Presents its New Brand Identity

    Danish Crown Presents its New Brand Identity

Farmer-owned Danish Crown is setting a new direction towards a more sustainable future from farm to fork. A new brand and narrative will make it clearer to customers and consumers that Danish Crown has started this transformation. At the same time, Tulip Food Company is to change its name to Danish Crown Foods.
Danish Crown plans […]

Read Full Article

Lantmännen and Yara Lead the Way Towards World’s First Fossil Free Food Chain

    Lantmännen and Yara Lead the Way Towards World’s First Fossil Free Food Chain

Lantmännen, the Nordic region’s leader in agriculture, machinery, bioenergy and food products, and Yara, thespecialist in agricultural products and environmental protection agents, are taking a pioneering role in the transformation of the food system. The partners will launch a pilot project with the ambition to introduce the world’s first certified fossil free food chain. This move […]

Read Full Article

Deliveroo, Costa Coffee and BrewDog are the UK’s Fastest Growing Brands

    Deliveroo, Costa Coffee and BrewDog are the UK’s Fastest Growing Brands

Deliveroo, Costa Coffee and BrewDog are growing in value faster than any other UK brands, according to the 2019 BrandZ™ Top 75 Most Valuable UK Brands, announced by WPP and Kantar. Vodafone remains the UK’s most valuable brand, worth US$26.5 billion (£21.5 billion), followed by HSBC and Shell.

Deliveroo, at no.50 after increasing its value 54% […]

Read Full Article

Java Republic is ‘Beverage Company of the Year 2019’ in Ireland

    Java Republic is ‘Beverage Company of the Year 2019’ in Ireland

Java Republic won the award of Beverage Company of the Year at the recent 2019 Food & Drink Business Awards. These prestigious awards celebrate the very best in food and drink manufacturing, retail, and food service across the island of Ireland. The Awards recognise the very best in the industry across 18 categories.
For Java Republic winning Beverage […]

Read Full Article

First Half Profits Fall at Bakkavor Group

    First Half Profits Fall at Bakkavor Group

Bakkavor Group, the leading provider of fresh prepared food in the UK with a growing international presence in the US and China, has reported a sharp fall in operating profit to £29.3 million for the 26-week period ended 29 June 2019, compared to £54.1 million in the prior period. Group revenue was up 1.4% at […]

Read Full Article

Norwegian Salmon Ranked Most Sustainable Among World’s Largest Protein Producers

    Norwegian Salmon Ranked Most Sustainable Among World’s Largest Protein Producers

Norwegian aquaculture companies hold four out of the top 10 spots in the 2019 Coller FAIRR Protein Index, ranking 60 of the world’s largest publicly-listed protein producers on how they perform on sustainability. The Index looked at how the world’s largest producers of meat, dairy and seafood performs on various risk factors relating to sustainability.
The […]

Read Full Article

Ifac Launches Irish Food & AgriBusiness Report 2019

    Ifac Launches Irish Food & AgriBusiness Report 2019

Ifac, which provides specialist advisory services for the Irish farming, food and agri-business sectors, has launched its 2019 Food & AgriBusiness Report. Overall, the findings point to a less than positive outlook across Ireland compared to last year, including a 20% decrease in optimism and a 100% increase in concern over Brexit. Less than one in five […]

Read Full Article

Refresco Acquires CCEP’s Milton Keynes Site in the UK

    Refresco Acquires CCEP’s Milton Keynes Site in the UK

Refresco, the world’s largest independent bottler of beverages for retailers and A-brands with production facilities in Europe and North America, has agreed to acquire Coca-Cola European Partners’ (CCEP) Milton Keynes manufacturing site in the UK. Included in the agreement are a lease contract of CCEP’s warehouse site in Northampton and contract manufacturing activities.
The acquisition fits […]

Read Full Article

British Pub and Restaurant Groups Maintain Summer Momentum

    British Pub and Restaurant Groups Maintain Summer Momentum

Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 1.6% in August against the same time last year, with drink-led pubs, and especially those in London, being the best performers, latest figures from the Coffer Peach Business Tracker show.
“The weather, as is often the case, played a big part in shaping sales, with […]

Read Full Article

Scottish Food and Drink Exports Rise by 11%

    Scottish Food and Drink Exports Rise by 11%

Scotland’s overseas food and drink exports increased by £296 million (11%) in the first half of 2019 to a record high of £3 billion. The latest trade statistics from HMRC show that whisky exports were integral to that growth, increasing to £2.2 billion (up 10.8% from the same period last year).
The European Union remains the […]

Read Full Article

Campari Group to Add French Rums to its Portfolio With €60 Million Acquisition

    Campari Group to Add French Rums to its Portfolio With €60 Million Acquisition

Campari Group, the Italian and international drinks business, has agreed to acquire French company Rhumantilles and its rum brands. The deal includes Trois Rivières and Maison La Mauny, premium brands with a strong presence in France and potential for international growth, as well as Duquesne, a brand designed for the local market.
The transaction has an […]

Read Full Article

Winners of the 2019 Irish Food & Drink Business Awards

    Winners of the 2019 Irish Food & Drink Business Awards

The winners of the 2019 Irish Food & Drink Business Awards were announced at special presentation ceremony and gala dinner held recently at the Citywest Hotel in Dublin.
Established to recognise innovation and excellence across the entire food and drink industry on the island of Ireland, the Awards programme is the first of its kind in […]

Read Full Article

Mars Completes Majority Stake Acquisition German Functional Food Business

    Mars Completes Majority Stake Acquisition German Functional Food Business

Mars has completed the acquisition of a significant majority stake in foodspring, the direct-to-consumer targeted nutrition company based in Berlin which offers products for consumers with needs around sports performance, healthy living and shape, as well as a leading nutrition and fitness platform.
With closing now complete, foodspring has officially joined and become a standalone business […]

Read Full Article

New Chief Executive For ABP UK

    New Chief Executive For ABP UK

ABP Food Group (ABP) has appointed Bob Carnell (pictured) as Chief Executive Officer of its UK Division. He joins from Kerry Foods Consumer Brands Business in the UK and Ireland. He is replacing Tom Kirwan, who will step down from this role in October 2019.
Bob Carnell is currently Managing Director of Kerry Foods Consumer Brands […]

Read Full Article

Greencore Extends Offering With £56 Million Acquisition

    Greencore Extends Offering With £56 Million Acquisition

Greencore Group, a leading manufacturer of convenience foods in the UK, has completed the acquisition of Freshtime UK for an enterprise value of £56.0 million. Freshtime is a well-established supplier of food to go salads, chilled snacks and prepared produce in the UK.
Its products are distributed primarily in the grocery and convenience channels and the […]

Read Full Article

Arla Foods UK Delivers First Half Revenue Growth of 3%

    Arla Foods UK Delivers First Half Revenue Growth of 3%

Arla Foods UK has reported half year revenue up 3% to £987 million (€1.131 billion) for 2019 thanks to decreased market volatility, continued success in delivering Arla’s transformation programme, a strong branded agenda and a cooperative mindset. The first half of 2019 saw a rare stability in the otherwise volatile global dairy market resulting in […]

Read Full Article

Irish Whiskey Awarded Legal Protection in the World’s Largest Whisky Market

    Irish Whiskey Awarded Legal Protection in the World’s Largest Whisky Market

India has granted geographic indication status to Irish whiskey, a legal protection that will help prevent the sale of fake products in the Indian market. This protection now means that only spirits produced in Ireland can use “Irish whiskey” on their label.
This recognition is a vital tool in supporting the future growth of Irish whiskey […]

Read Full Article

Burton’s Builds Capability With Acquisition of Paterson Arran

    Burton’s Builds Capability With Acquisition of Paterson Arran

Burton’s Biscuit Co is strengthening its capability and broadening its product portfolio with the acquisition of Paterson Arran, one of Scotland’s leading independent food companies. The acquisition introduces the Paterson’s shortbread brand into the Burton’s portfolio, along with leading foodservice biscuit and chutney brands, Brontë, Café Brontë and Arran Fine Foods.
Nick Field, chief executive of […]

Read Full Article

Zero Alcohol Drinks Growing 10% a Year in Europe

    Zero Alcohol Drinks Growing 10% a Year in Europe

A new report from Zenith Global on European Zero Alcohol Drinks forecasts sales growth of almost 10% a year over the next five years. Zenith Global estimates the European market at €5.9 billion in 2018. This would take 2023 value to €9.3 billion.
“The United Kingdom is expected to achieve the highest growth rate at 30% […]

Read Full Article

Valeo Foods to Acquire Campbell’s European Chips Business

    Valeo Foods to Acquire Campbell’s European Chips Business

Campbell Soup Company has agreed to sell its European Chips Business to Valeo Foods, a portfolio company of CapVest Partners, for approximately £66 million ($80 million). Campbell’s European Chips Business includes UK-based Kettle Foods and Netherlands-based Yellow Chips. The transaction is subject to customary closing conditions including the relevant regulatory approvals and consultation with employee […]

Read Full Article

Hain Celestial Sells Tilda to Ebro Foods For $342 Million

    Hain Celestial Sells Tilda to Ebro Foods For $342 Million

The Hain Celestial Group, a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East, has completed the strategic sale of Tilda, a premium basmati and specialty rice brand, to Ebro Foods, the largest food group in Spain, for $342 million in cash. The purchase price reflects an […]

Read Full Article

New Chairman and CEO Appointed at Premier Foods

    New Chairman and CEO Appointed at Premier Foods

Premier Foods has to announce two senior appointments. Colin Day has been appointed Non-Executive Chairman of the company and Alex Whitehouse, UK Managing Director, has been appointed Chief Executive Officer and a member of the Board. Both are permanent appointments with immediate effective.
Having been CFO for six years, and acting CEO for the past seven […]

Read Full Article

Pilgrim´s Pride Corporation Acquiring Tulip For £290 Million

    Pilgrim´s Pride Corporation Acquiring Tulip For £290 Million

US-based Pilgrim’s Pride Corporation, which already owns Moy Park, a leading poultry and prepared foods processor in the UK and Continental Europe, is acquiring Tulip Ltd from Danish Crown, which is Europe’s largest pork processor. Tulip Ltd is the largest pig producer in the UK with 12 fresh and value-added operations and annual sales of […]

Read Full Article

Orkla Invests in Icelandic Confectionery Brand

    Orkla Invests in Icelandic Confectionery Brand

Orkla, the Nordic region’s largest branded consumer goods company, has agreed to purchase 20% of Nói-Siríus, Iceland’s leading chocolate and confectionery manufacturer, for an undisclosed price. Nói Siríus is market leader in Iceland, and well known for chocolate brands such as Síríus, Nóa Konfekt, Nóa Kropp, Nóa Páskaegg and Konsum.
Over 70% of the company’s turnover […]

Read Full Article

Diageo Increases Shareholding in United Spirits

    Diageo Increases Shareholding in United Spirits

Diageo has acquired further shares in United Spirits on the Bombay Stock Exchange to take its controlling stake position to 55.2%. United Spirits is a highly strategic asset for Diageo and positions the global drinks giant well to capitalise on opportunities within India, one of the most exciting growth markets in the world for total […]

Read Full Article

Ketchup and Mayonnaise Not Going to be Replaced Anytime Soon

    Ketchup and Mayonnaise Not Going to be Replaced Anytime Soon

Following initial launch in the US, Heinz is now bringing its experimental blend of ketchup and mayonnaise Saucy Sauce to the UK. However, with a respective 1% and 5% growth in these markets expected by 2022, the condiments space may not make room for gimmicks, says GlobalData, a leading data and analytics company.
David Utley, Consumer […]

Read Full Article

WHO Calls For More Research into Microplastics and a Crackdown on Plastic Pollution

    WHO Calls For More Research into Microplastics and a Crackdown on Plastic Pollution

The World Health Organization (WHO) has called for a further assessment of microplastics in the environment and their potential impacts on human health, following the release of an analysis of current research related to microplastics in drinking-water. The Organization also calls for a reduction in plastic pollution to benefit the environment and reduce human exposure.

“We […]

Read Full Article

British Brewers Decrease Their CO2 Emissions by 42%

    British Brewers Decrease Their CO2 Emissions by 42%

Total CO2 emissions from the UK’s brewing industry have fallen by 42% in the last decade (2008 to 2018) – a reduction of 202,952 tonnes – according to new research conducted by the British Beer & Pub Association (BBPA). The research also found that the energy used to brew a pint of beer in the […]

Read Full Article

Small Irish Snack Manufacturer Secures Major Contract With Tesco

    Small Irish Snack Manufacturer Secures Major Contract With Tesco

Pinkfinch, a County Down-based fruit snacks supplier, has secured a major contract with Tesco Ireland, which will see an estimated 100,000 bags sold annually. From launching his business in his parent’s spare bedroom five years ago,  Pinkfinch founder Michael Heaslip (pictured) has grown his innovative product line across Ireland, the UK, Europe, and the Middle East,  with […]

Read Full Article

UK Supermarkets are Struggling to Grow

    UK Supermarkets are Struggling to Grow

The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price […]

Read Full Article

Tickets Still Available For 2019 Irish Food & Drink Business Awards

    Tickets Still Available For 2019 Irish Food & Drink Business Awards

Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event.
The prestigious awards programme, which was first introduced […]

Read Full Article

Greene King Being Sold For £2.7 Billion

    Greene King Being Sold For £2.7 Billion

CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of […]

Read Full Article

The Hershey Company Takes Minority Stake in Irish Snacking Brand

    The Hershey Company Takes Minority Stake in Irish Snacking Brand

The Hershey Company, the US-based food group, has made a minority investment in Fulfil Holdings, the owner of the snacking brand FULFIL. Headquartered in Dublin, Ireland, FULFIL has rapidly grown since its inception, now outselling many traditional chocolate snack bar brands in the UK and Ireland and named a top 50 consumer brand in Ireland.
Brian […]

Read Full Article

Molson Coors Commits to Reduce Plastics in Packaging

    Molson Coors Commits to Reduce Plastics in Packaging

Molson Coors in the UK and Ireland is removing the plastic packaging from its Carling and Coors Light brands, as part of new global packaging goals. The brewer will remove the plastic film wrap from large multipacks by the end of March 2020, replacing the plastic wrap with 100% recyclable fully enclosed carton board. By […]

Read Full Article

Carlsberg Group Upgrades Full Year Operating Profit Outlook

    Carlsberg Group Upgrades Full Year Operating Profit Outlook

Carlsberg Group has delivered organic operating profit growth of 17.7% for the first half of 2019 with reported growth of 18.2% to DKr 5.17 billion (€693 million). Organic net revenue growth was 4.2% and on a reported basis net revenue rose by 6.5% to DKr32.99 (€4.42 billion).
Operating margin improved by 160bp to 15.7%. Reported net […]

Read Full Article

Diageo Forms New Rum Joint Venture

    Diageo Forms New Rum Joint Venture

Diageo and Corporación Cuba Ron, a leader in the production of premium Cuban rums, have created a joint venture – Ron Santiago. The joint venture will have exclusive global distribution rights to Santiago de Cuba, a premium Cuban heritage rum brand.
Globally, premium and above rum segments are growing ahead of the category overall, with premiumisation […]

Read Full Article

Stirring Times For US Yogurt – Innovation is Vital in a Changing Consumer Environment

    Stirring Times For US Yogurt – Innovation is Vital in a Changing Consumer Environment

Over half of all U.S. consumers now buy yogurt as part of their typical grocery basket, according to a new report from Innova Market Insights, but their habits appear to be evolving. Convenience themes are becoming increasingly important, for example, with 17% of consumers naming this as a significant choice factor in 2018, which is […]

Read Full Article

FrieslandCampina Significantly Expands its VLOG Production

    FrieslandCampina Significantly Expands its VLOG Production

Due to the sharp increase in demand in Germany, FrieslandCampina is increasing the number of participating dairy farms that supply VLOG milk from 400 to more than 600. All VLOG milk produced by Dutch FrieslandCampina dairy farmers is used to make cheese for the German market.
VLOG (Verband Lebensmittel Ohne Gentechnik) is a German association responsible […]

Read Full Article

English Food Manufacturers Sign Up to Made Smarter Support

    English Food Manufacturers Sign Up to Made Smarter Support

A number of food manufacturing firms in the North West of England have signed up to a business-led programme which aims to use digital technology to boost growth and success. By implementing advances in data analytics, Artificial Intelligence (AI), Augmented Reality (AR), Industrial Internet of Things (IIoT), 3D-printing and robotics, firms can enhance their profitability […]

Read Full Article

National Supermarket Listing For All-natural Instant Porridge Brand

    National Supermarket Listing For All-natural Instant Porridge Brand

After just eight months in business, The Great British Porridge Co. has signed its biggest retail deal to date, as its products hit the shelves of Sainsbury’s. From 18th August, Sainsbury’s customers will be able to buy products from The Great British Porridge Co. in 513 stores across the Britain.
The Great British Porridge Co. produces […]

Read Full Article

Coca-Cola European Partners Continues Focus on Driving Profitable Revenue Growth

    Coca-Cola European Partners Continues Focus on Driving Profitable Revenue Growth

Coca-Cola European Partners, the world’s largest Coca-Cola bottler based on revenue, has reported a 7% increase in revenue to €5.80 billion for the six months ended 28 June 2019 as comparable volume growth of 3.0% was partly offset by the impact of last year’s soft drinks tax changes. Comparable operating profit at €770 million, rose […]

Read Full Article

Aston Manor Cider Reports Strong Progress

    Aston Manor Cider Reports Strong Progress

Aston Manor Cider, the UK’s largest independent cider producer, has reported increased profitability, turnover and production volumes enabling very positive progress against its sustainability agenda in its latest financial results. Before exceptional costs, profits for 2018 increased by 1.4% (on an EBITDA basis) on a turnover up 5% to over £133 million.
With the ambition to […]

Read Full Article

Diageo Acquires Majority Stake in World’s First Distilled Non-alcoholic Spirit

    Diageo Acquires Majority Stake in World’s First Distilled Non-alcoholic Spirit

Diageo has acquired a significant majority shareholding in Seedlip, the world’s first distilled non-alcoholic spirits brand. Seedlip was launched by Ben Branson in 2015 to solve the dilemma of ‘what to drink when you’re not drinking®’.
In June 2016, Seedlip announced a minority investment from the Diageo-backed accelerator programme Distill Ventures. Independently run, Distill Ventures receives […]

Read Full Article

Kerry Group Delivers Volume Growth and Expands Trading Margins in First Half

    Kerry Group Delivers Volume Growth and Expands Trading Margins in First Half

Kerry Group, the global taste, nutrition and consumer foods business, has reported a 10.7% increase in revenue to €3.6 billion for half year ended 30 June 2019, reflecting volume growth of 3.3%, neutral pricing, contribution from acquisitions of 4.7%, and a favourable translation currency impact of 2.7%. Trading profit rose by 12.6% to €382.9 million […]

Read Full Article

Twinings Chooses e.fundamentals to Help Boost ecommerce

    Twinings Chooses e.fundamentals to Help Boost ecommerce

World-famous tea brand Twinings has chosen ecommerce analytics provider e.fundamentals to help drive sales of its everyday and speciality teas through retailers’ websites. Twinings becomes the second brand from Associated British Foods this year to sign with e.fundamentals’ retail service.
The service continuously reports how brands measure up against eight fundamentals shown to be the key […]

Read Full Article

Pernod Ricard Expands in American Whisky

    Pernod Ricard Expands in American Whisky

Pernod Ricard has acquired Firestone & Robertson Distilling Co, owner of the TX brand, a leading American whiskey portfolio, for an undisclosed sum. The deal includes Whiskey Ranch, a state-of-the-art distillery based in Fort Worth, Texas, where consumers can enjoy the full TX brand Experience, including tours and tastings.
The transaction, which is expected to close […]

Read Full Article

The National Food & Drink Business Conference and Exhibition 2019 – Citywest Convention Centre, Dublin – September 5th, 2019

    The National Food & Drink Business Conference and Exhibition 2019 – Citywest Convention Centre, Dublin – September 5th, 2019

The National Food & Drink Business Conference and Exhibition 2019 – Ireland’s premier trade event for the food and drink processing, retail, food service and hospitality sectors – is being held at the Citywest Convention Centre in Dublin on Thursday, September 5th, 2019. The event will highlight the key trends and challenges facing the industry, […]

Read Full Article

Threat of No-deal Brexit Undermining UK Meat Exports

    Threat of No-deal Brexit Undermining UK Meat Exports

The British Meat Processors Association (BMPA), the leading trade association for the meat and meat products industry in the UK, has warned the Government’s uncompromising threats of a no-deal Brexit are frightening continental buyers, who are refusing to agree long term supply contracts with British meat exporters.
According to the BNPA, European buyers considering buying British […]

Read Full Article

Around Noon Announces New Jobs in Significant Investment

    Around Noon Announces New Jobs in Significant Investment

Northern Ireland-based firm, Around Noon, producer of a wide range of ‘food-to-go’ products, has announced that it is investing over £7 million in a major expansion to develop sales in the Great Britain and Republic of Ireland markets. The expansion will also see the company create 94 jobs.
Invest Northern Ireland is providing financial assistance for […]

Read Full Article

Greggs on a Roll

    Greggs on a Roll

Greggs, the UK bakery and food manufacturer and retailer, has delivered an exceptional first-half performance, with total sales for the 26 weeks to 29 June 2019 up by 14.7% to £546 million, as like-for-like sales in company-managed shops rose by 10.5% compared with the first half of 2018, when trading conditions were more challenging. Underlying […]

Read Full Article

Campbell Disposes of International Portfolio For $2.5 Billion

    Campbell Disposes of International Portfolio For $2.5 Billion

Campbell Soup Company, the US-base food group, has agreed the sale of Arnott’s and certain of Campbell’s International operations to KKR, a leading global investment firm, for $2.2 billion in cash, subject to customary purchase price adjustments. Combined with the previously disclosed sale of Kelsen Group, Campbell has confirmed the sale of its entire Campbell […]

Read Full Article
1 2 3 107

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements