UK frozen desserts manufacturer Polestar Foods has been sold to Privet Capital, the turnaround investor, for an undisclosed sum. Privet’s investment in Polestar has prevented the immediate collapse of the
The European Investment Bank (EIB) is providing a loan of Eur75m to finance the improvement in the quality (not the capacity) of the Moldovan wine industry. The loan will address
Coca-Cola Enterprises, the world’s third-largest independent Coca-Cola bottler, has appointed Garry Watts as a director with immediate effect. He will serve on the finance and audit committees of CCE’s board
Danone and Unimilk have completed the merger of their fresh dairy products businesses in Russia and other CIS member countries. The new entity, controlled by Danone with a 58% equity
Reduced costs and improved results at its foreign subsidiaries were behind an increase in full year net profit from DKr1.16b to DKr1.65b (Eur220m) at international meat group Danish Crown. Revenue
The value of grocery shopping conducted over the internet in the UK is predicted to nearly double to £9.5b in five years, compared to its current level of £4.8b, according
British bakery group Warburtons is reported to have invested £2.5m in a dedicated gluten-free production plant at its site in Newburn. The new bakery will produce a range of Warburtons
Prague, Amsterdam and Berlin have been named the top European destinations for a beer, according to a new report into European beer drinking culture by SABMiller, one of the world’s
Valeo Foods Group has completed the simultaneous acquisitions of the branded food businesses of Origin Enterprises for an enterprise value of Eur78m and the Irish food company Batchelors for an
Tesco’s decision to increase the price of its standard milk – a move followed by other supermarket groups Morrisons, Waitrose and Sainsbury – has effectively ended the milk price war
Tate & Lyle is selling its Molasses business to W&R Barnett for £67m in cash. Molasses comprises the global molasses trading desk based in London, UK and other worldwide marketing
Cornish Blue, from the Cornish Cheese Company, has been crowned the World Champion Cheese 2010 – the first time a British cheese has won the award for more than a
The biggest private equity food deal this year has been agreed with a consortium led by Kohlberg Kravis Roberts, Vestar Capital Partners and Centerview Partners acquiring Del Monte Foods Company,
Bernard Matthews, the founder of Bernard Matthews Farms, the largest turkey processor in the UK, has died at the age of 80. From simple beginnings, with an initial investment of
Food business entrepreneur Bernard Matthews passed away, aged 80, on November 25th. From humble beginnings sixty years ago, he developed his family business, Bernard Matthews Farms, into a successful £330m
Stock Spirits Group (“Stock Spirits” or “the Group”), Central Europe’s leading branded spirits and liqueurs business, is pleased to announce it has made several appointments to strengthen its senior management
SABMiller, one of the world’s largest brewers, has acquired Cerveceria Argentina SA Isenbeck (CASA Isenbeck), the third largest brewer in Argentina, from the Warsteiner Group. CASA Isenbeck’s principal brands are
Dutch dairy multinational Koninklijke FrieslandCampina plans to invest Eur47m to improve efficiency at its cheese plants in Workum, Marum, Balkbrug, Gerkesklooster and Leerdam. However, the cheese plants at Varsseveld and
New guiding principles on country of origin labelling to provide British consumers with clear, accurate information on the origin of their food have been published. The guidance, titled ‘Principles on
Atlantic Grupa, Croatia’s biggest food and healthcare company, has successfully completed its acquisition of Droga Kolinska, the largest branded food company in Slovenia. The Eur382m deal creates one of the
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
Supply shortages are forcing China and India to raise their imports of dairy products, according to the latest Rabobank Global Dairy Outlook report. “The demand from these two giants will
Having lost out on the job to head Essenta Foods, which is being created by the merger of Greencore and
UK-based speciality breads, Danish pastries and tarts producer Giles Foods has expanded its bakery in Milton Keynes. Following investment of
Moy Park, Northern Ireland’s largest food manufacturer, has officially opened a new turkey processing facility at its site in Ballymena. The
Nearly a third of UK shoppers want food and grocery retailers and manufacturers to focus on reducing waste. IGD consumer
Diageo, the world’s largest spirits group, is holding talks with Industrias Licoreras de Guatemala with a view to acquiring a
UK frozen foods manufacturer Headland Foods is reported to be considering closing its site at Flint in Wales and
SABMiller, one of the world’s leading brewers with operations and distribution across six continents, has increased reported EBITA by 13%
British regional brewer Fuller, Smith & Turner has increased pre-tax profit by 11% to £16.8m on revenue up 4% to
Nestle will change its sales recognition policy in line with International Financial Reporting Standards (IFRS) from the start of 2011.
Private equity firm PAI Partners and French dairy co-operative Sodiaal have rejected a Eur1.4b bid to buy Yoplait from Lactalis.
Cooley Distillery, Ireland’s only independent distillery, has been named European Distiller of the Year for the third consecutive year at
The exclusive talks to acquire United Biscuits, the British and international biscuits and snacks manufacturer, between its owners and Chinese
Tokyo-based Lotte Group is reported to be investing in the region of Eur200m to expand and diversify its Wedel confectionery
Long-term problems in the UK wine trade, which is the world’s largest importer, are threatening profitability for major suppliers who
Dairy company Milkiland, which operates in the Ukraine and Russia but is registered in the Netherlands, has commenced its public
UK-based food and drink group Princes, which is owned by Mitsubishi of Japan, is reported to be one of the
French dairy group Lactalis is reported to have made an offer for Yoplait, the international dairy business, to create a
A new guide to help UK food businesses communicate with consumers in a clear and consistent way about achieving a
Northern Foods and Greencore, two of the UK’s leading convenience food processors, are to merge to create Essenta Foods, a
With Arla Foods maintaining its profit projections for 2010 of DKr1.2b, the Scandinavian dairy co-operative has decided to increase the
Premier Foods, the UK’s largest domestic food processor, has confirmed that it has received approaches regarding a possible sale of
Following three strategic disposals to become sharply focused on its UK, Irish and US convenience foods operations, Greencore has reported
As expected, following an earlier profit warning, Robert Wiseman Dairies, which processes and delivers 30% of the fresh milk consumed
Unilever has announced plans to decouple its future growth from environmental impact. The food and consumer goods giant has pledged
Dunbia, the Northern Ireland-based red meat processor, has stated there is no truth surrounding the recent speculation about an alleged
Remy Cointreau is considering selling its loss-making champagne business. The French drinks group has hired Credit Agricole-CIB to commence a
In line with its international expansion strategy, Swiss dairy company Emmi has strengthened its position in both the UK and
Dairy Crest has performed solidly during the first six months of the year, benefiting from being a broadly based dairy
Associated British Foods has reported a 10% increase in revenue to £10.2b and adjusted operating profit up by 26% to
Switzerland-based Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, reported strong results for its 2009/10 financial
Arla Foods UK, the British subsidiary of Scandinavian dairy co-operative Arla Foods, is to manufacture retail packet butter at Westbury
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