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Breaking News on Industrial Baking & Snacks

Rexam sells flexible packaging business

Rexam, the world's leading producer of beverage cans, has sold two flexible packaging plants in the UK to Australian group Amcor for A$30 million (€17.9...

Too much PET in the US

The US market for polyethylene terephthalate (PET) is likely to remain sluggish throughout 2002 as a result of overcapacity, reports CMAI report. Growth is still...

Japanese brewery buys spirits

Asahi Breweries' president Koichi Ikeda told a news conference it would pay between three billion and four billion yen (€25-34 million) for the businesses.

Pasta giant Barilla bids for German bakery

Italy's Barilla, the world's largest pasta producer, said on Monday it would make a €993.6 million bid to buy Germany's largest bakery chain Kamps, Reuters...

DGF Stoess purchase confirmed

DGF Stoess confirmed recently that with effect from 1 April 2002, the company acquired six of the eight Leiner Davis Gelatin plants along with two...

Commission clears Scottish & Newcastle Finnish purchase

Scottish & Newcastle is active in brewing beer and wholesaling of beer and other beverages in the UK, Ireland, France and Belgium. It also has...

Candian food processor sells shares to raise capital

George Weston, Canada's largest food processor and distributor, said on Thursday it would raise C$265 million (€189.2million) by offering preferred shares. The company intends to...

Fund saves Hungarian sweets maker from Kraft

Raiffeisen CEE Private Equity Fund said on Thursday it obtained a minority stake in sweets maker Stollwerck Budapest Kft, blocking a planned sale of a...

South African Breweries discusses Miller with Phillip Morris

South African Breweries continued to discuss buying US brewer Miller Brewing from Philip Morris on Wednesday, and analysts said the time may finally be right...

Danone in talks with Coca-Cola to distribute Evian

French food company Groupe Danone is in talks with Coca-Cola and Cadbury Schweppes that could lead to a deal for one of them to distribute...

Soy food company announces sales rise

US soy food product company Tofutti announced an increase of 22 per cent to $16,254,000 (€8.5m) for net sales for the 52 weeks ended 29...

Bakery company buys back Nestlé investment

US company Interstate Bakeries Corporation has reached an agreement with Swiss food company Nestle to purchase approximately 7.4 million shares of IBC stock currently owned...

Net earnings soar for ConAgra

US food group ConAgra Foods said on Thursday fiscal third-quarter net earnings climbed 48 per cent, recovering from a disappointing quarter a year ago. The...

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