Manufacturers

Kraft boosts profits 5% in Q2, reaffirms outlook

Kraft boosts profits 5% in Q2, reaffirms outlook

By Caroline Scott-Thomas

Kraft Foods reported a 5.4% rise in second quarter net profit, more than offsetting higher raw material costs and adverse effects of currency exchange rates, the company said on Thursday.

Costly consolidation should benefit business in future, says Ralcorp

Ralcorp set to fork out $22m on consolidation

By Kacey Culliney

Diversified private-brand specialist Ralcorp Holdings has announced it will consolidate its cereal, pasta, snacks and sauces businesses at a price of $17m-$22m in a bid to improve efficiency, slash costs and drive business forward.

Kellogg's eats its way into the snacks arena, at the expense of its cereals?

Snacks: Kellogg’s Q2 cereal killer?

By Kacey Culliney

As Kellogg posted its Q2 results, the spotlight was on its snacks dedication with key brands soaring as cereal sales dipped slightly.

Mexico and India important for snacks growth, says PepsiCo CEO

PepsiCo reports snacks stable amid Q2 profit drop

By Kacey Culliney

As PepsiCo reported a 21% drop in overall profits for Q2 earnings today, snacks are holding steady thanks to global NPD investments and strong growth in Mexico and India, according to the CEO.

Goodman Fielder hopes to stabilise costs with consolidation across its bakery sector

Australia’s Goodman Fielder tightens bakery noose

By Kacey Culliney

Australian food firm Goodman Fielder is fusing its bakery business with three site closures as part of a strategic reorganisation of its business to reduce costs and improve efficiency amid struggling sales.

Kellogg's hopeful that it can pop open Pringles globally

Kellogg seals the lid on Pringles buy

By Kacey Culliney

Cereal giant, Kellogg, has sealed its buy-out of Pringles for US$2.7bn, set to triple international business and stack it into second place on the global snacks market.

Flowers Foods acquires Lepage Bakeries

Major acquisition rocks US bakery market

By Rod Addy

Flowers Foods’ $370m acquisition of Lepage Bakeries allows Flowers to expand its presence across the north east of the US and gives it high potential organic brands, the company claims.

Greencore sales rise after Uniq acquisition

Greencore sales rise after Uniq acquisition

By Oliver Nieburg

Irish convenience foods manufacturer Greencore saw its sales soar in its first quarter interim results driven by its recent acquisition of Uniq.

Hostess warns of mass layoffs in union negotiations

Hostess warns of mass layoffs in union negotiations

By Caroline Scott-Thomas

Hostess Brands has sent letters to its 18,500 employees warning of possible liquidation and job losses, after a federal judge ruled on Friday that the company could cancel all union contracts.

The partnership enables both parties to share specialities in grain flours

Kampffmeyer outlines benefits of Meyerhans deal

By Rod Addy

Manufacturers of baked goods and other foods in Germany, Switzerland and Liechtenstein will benefit from extended services and capacity following the sales partnership between Kampffmeyer Food Innovation (KFI) and Meyerhans Mühlen.

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