Ireland's Hibernia Foods is to close one of its ready meals and
cake production facilities in the UK in a bid to improve
profitability. The company expects savings of up to €8 million a
year as a result.
Finland's Chips group is to expand its operations to Russia by
acquiring the Russian Snack Company. The group sees major potential
in a market where annual consumption of snacks is just 0.3kg per
A combination of poor weather conditions and a one-off charge
relating to an arbitration case involving one of its franchises did
little to dampen the financial performance at doughnut manufacturer
Krispy Kreme in fiscal 2003.
Kerry, the Irish ingredients group which makes coatings for the
bakery and snacks industry, among others, has reported a strong
increase in sales and profits, helped by excellent performances
from all its operating units. The food...
A strong performance from its Tree of Life business in Europe gave
Dutch food group Wessanen something to smile about in 2002 -
otherwise the year was marked by more disposals and continued
problems at the US arm.
Dutch nutrition company Numico is struggling to stay afloat at the
moment, but rumours in the Dutch press suggest French dairy giant
Danone could be interested in a bid. An odd choice for the French
company which has been streamlining...
The merger of PepsiCo with compatriot Quaker Oats gave a major
boost to operating profits at the giant snack food and soft drinks
group in 2002 - and the recent reorganisation of the international
business should lead to further gains...
The Burns Philp - Goodman Fielder saga continues with the news
today that the Australian Competition & Consumer Commission has
cleared the hostile bid from Australian ingredients company for
Australia's largest food company.
Australian yeast and ingredients group Burns Philp, currently in
the midst of a hostile takeover bid for food company Goodman
Fielder, today reported a 40.3 per cent increase in net profit to
A$95.1 million (€51.8m) for the fiscal...