Cargill has announced plans to invest €20m in two cocoa and chocolate production facilities in Germany as it looks to boost its presence domestically and in Eastern Europe.
Ralcorp Holdings has completed the separation of its Post Holdings cereals business, through a tax-free spin-off to Ralcorp shareholders, the company has said.
A total of 135 jobs at Scottish bakery Kingdom Bakers hang in the balance after the firm’s receivers announced that it has received six enquiries from potential buyers.
BakeAway – the manufacturer of chilled doughs for home-baking and food service – has made its new £2M facility in Corby, Northamptonshire fully operational, creating 40 new jobs.
European giant Intersnack is challenging PepsiCo and United Biscuits brands in the UK as it prepares to dramatically increase its profile, with a seven-figure investment in UK production.
Premier Foods CEO Michael Clarke says he is pursuing a strategy of 'category blur' to revive the company’s disappointing trading performance, as he announces new marketing ammunition for the bakery and snack ‘power brands’ central to the approach.
UK-based bakery firm Finsbury Foods has announced improved sales in a first quarter (Q1) trading driven by significant gains in its export business, but high commodity prices continue to squeeze profit margins.
2 Sisters Food Group’s chilled food business Brookes Avana, acquired from Premier Foods last year, will be returned to profitability within two years, according to its new owners.
Kraft Foods has said it will cut about 1,600 jobs from its US and Canadian workforce over the next 12 months, as it prepares to split into two separate companies.
Ralcorp has outlined the shape of the company after it spins off its Post cereals business, four years after it bought the maker of Grape-Nuts, Raisin Bran and Honey Bunches of Oats from Kraft Foods for $1.65bn.
Canadian firm Maple Leaf has confirmed that it plans to close its West Midlands bakery, after failing to find a buyer for the site, with the loss of 236 jobs.
Premier Foods boss Michael Clarke has received a resounding vote of confidence from city analysts, six months into his role, as he continues his plan to guide the firm out of trouble.
A major bakery workers union has hit out against Hostess Brands for its assertion that pensions obligations were a principal reason for its Chapter 11 bankruptcy filing, blaming 'ineffective executives' instead.
Carr’s Milling Industries has reported solid Q1 results in a trading update as improved flour sales driven by new customers led to results that have surprised market analysts.
Favourable market trends and successful business strategies have driven strong profits in Agrana’s sugar and starch segments, creating 20.2% growth for the first three quarters of 2011|12, the CEO said.
Wonder bread and Twinkies maker Hostess Brands has filed for Chapter 11 bankruptcy to allow it to restructure, but does not expect to stop producing or delivering any of its products during the process, the company said on Wednesday.
Burton's Biscuit Company has signed a deal with Canada's largest supermarket firm Loblaw in a move that will boost its total exports by £70M over the next two years.
Barry Callebaut has acquired a 100% stake in Spanish company La Morella Nuts for an undisclosed sum as it aims to be the European leader for nut products.
Is there appetite for M&A activity in 2012? Food market watchers reckon the sector could see some heavyweight deals next year despite the on-going credit lending challenges.
UK-based United Biscuits (UB) may have attracted bidders from Asia and major companies like Kraft and PepsiCo amid rumours the company has split its operations into a snacks and biscuit division, according to an analyst.
Scottish-based Nisha Enterprises has acquired Millar Confectionery for an undisclosed fee and plans to open a new sweet factory in Livingston, Scotland.
The £34.7M sale of Premier Foods’ four Irish brands, Chivers, Gateaux, McDonnells and the Erin licence, to the Boyne Valley Group underline worries about the food giant’s ability to generate cash, one leading analyst has warned.
British bakery firm, Warburtons, has announced plans to invest and diversify its business over the next ten years, both in the UK and abroad as it sees strong performance in gluten-free and eastern European markets.
Kellogg might have been outpacing rivals in the cereals category in the first three quarters but its volumes have started to drop off again and it remains under pressure thanks to “weak fundamentals”, according to a new report.
UK-based Premier Foods has reached an agreement to sell its chilled bakery business Brookes Avana to the 2 Sisters Group as it focuses on eight ‘power brands’.
Bakery ingredients firm Puratos has announced plans to build a €22m site in China and production facilities in Spain and Mexico as it looks to seize upon strong growth in emerging markets.
Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.
Ralcorp has announced a $370m (€274m) loss in its fourth quarter earnings due to substantial non-cash impairment charges, details of which it has not yet disclosed.
Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.
Norwegian firm Orkla Brands has announced the sale of its bakery unit Bakers to the retail group NorgesGruppen for an undisclosed fee as retailers augment their dominance on the Norwegian bakery market.
Nestle has announced plans to expand production of its Wagner brand of frozen pizzas following a 400% export boost since Nestle acquired the brand in 2005.
The European Commission has launched an in-depth investigation over the proposed acquisition of the world’s second largest sugar trader ED&F MAN by Europe’s largest sugar producer Südzucker as it fears it could impact competition in Central Europe...
Bakery ingredients firm Puratos has announced that it will renovate and expand its manufacturing facility in Pennsauken, New Jersey to seize upon growing US sales.
