It would appear that the bid from Australian ingredients and yeast
company Burns, Philp & Co for Goodman Fielder is far from over
with the company saying on Wednesday that it had received approval
from the Foreign Investment Review...
The Burns Philp hostile bid for Australia's biggest food company
appears to be far from over with the ingredients and yeast company
yesterday referring its bid to the Australian Takeovers Panel - the
principal forum for resolving...
Mission Foods, the world's leading producer of tortillas and
tortilla chips, has increased production capacity at its
state-of-the-art Coventry, UK, factory with the help of two high
speed, electronic, modified atmosphere packaging...
Goodman Fielder, Australia's largest food company, has today
rejected a hostile bid by international yeast and ingredients
company Burns Philp. Goodman Fielder advised its shareholders to
spurn the bid because "the offer...
A disappointing Christmas period meant that sales did not quite
meet expectations, but French baked goods group Brossard
nonetheless ended the year with a 35 per cent rise in sales - and
expects further growth in 2003 after the launch...
In a bid to strengthen customer relations, French chemicals company
Rhodia announced yesterday that from now on it will be grouped
around four divisions which will essentially serve the company's
key markets.
Increased marketing expenditure to back the relaunch of the
flagship McVities brand helped United Biscuits increase its sales
in 2002. But it is the possible future of the company - and the
likelihood of a bid from minority shareholder...
Baked goods producer and retailer Greggs expects to show
'satisfactory' growth in full-year sales when it reports in March
after preliminary figures for the second half showed a 5.4 per cent
improvement.
The European Commission has approved the acquisition by US
investment fund Bain Capital of the European chemical intermediate
businesses of French chemicals group Rhodia.
In a bid to streamline its UK milling operations, food and
ingredients group Associated British Foods is to sell its British
third party flour milling business to ADM Milling, a wholly owned
subsidiary of Archer Daniels Midland.
The Australian competition watchdog accuses biscuit, bread and
cake-maker George Weston Foods, and one of its former senior
executives, of fixing the price of flour.
The founder of Germany's largest bakery chain, Kamps, has stood
down from his post as chairman. Heiner Kamps will stay on as a
consultant, but said he could not remain as the head of the company
now that it had been acquired...
Cargill Dry Corn Ingredients, a subsidiary of privately-owned US
agribusiness giant Cargill, continues to make inroads into Europe
with the announcement this week that its €6.05m state-of-the-art
masa flour plant is officially up...
SIG Doboy Linium has supplied Manor Bakeries, the UK producer of Mr
Kipling brand cakes, with two packaging lines at its Stoke on Trent
facility. The new lines were designed to provide flexibility for
future changes and to meet requirements...
After months of bitter negotiations with staff at its Fontaneda
biscuit unit in Spain, Britain's United Biscuits group has agreed
to sell the company to Siro, another Spanish biscuit maker which
has agreed to maintain staff levels...
The bakery units of Canada's Maple Leaf Foods, including its
UK-based bagel producer, are to be consolidated into one company
under the aegis of Canada Bread.
Canada Bread, a unit of Canada's Maple Leaf Foods, said on
Wednesday that it will buy all of Maple Leaf's other bakery
operations and consolidate them in a C$266 million (€168m) deal,
including debt, that will transform...
Two fires at production plants in the space of a year have dented
sales growth at industrial bakery group Brioche Pasquier, but the
company remains confident that normal service - and faster growth -
will be resumed very soon.
United Biscuits' management in the UK has finally run out of
patience with staff and unions at its Fontaneda plant in Spain. If
all the parties cannot agree on terms for the relocation of staff
to other UB sites by 15 October,...
Following the FTC's recent report on false claims made by weight
loss products, the Strategic Research Institute in New York is
holding a forum for weight loss marketers to learn about the latest
findings, investigations, guidelines...
The impact of the strong Swiss franc meant that sales growth at
bakery group Hiestand slowed slightly in the first six months, but
the company maintains that it is in line for further growth, not
least following a major new deal with...
Associated British Foods, one of Europe's largest food
conglomerates, has chosen Denver, Colorado, as the headquarters and
manufacturing hub for its newly established US bakery operations.
Sales at Hero, the Swiss consumer foods and baking aids group,
increased by more than 10 per cent in the first half of the year,
helped by the acquisition of a majority stake in the German
business of Schwartau in April.
Italy's biggest miller, Grandi Molini Italiani (GMI), refuses to
import genetically modified (GM) wheat because consumers do not
want it, its CEO Antonio Costato said on Monday.
Arkady Craigmillar, a UK supplier of bakery ingredients and frozen
products, announced this week that production of its confectionery
mixes will move to its Manchester factory from a Unilever-owned
facility in Suffolk.
The ownership of UK food producer RHM, formerly known as Ranks
Hovis McDougall, is once again in question, according to a recent
interview. The company may soon change hands for the third time in
a decade.
Panera Bread Company, the US-based bakery franchise, has reached an
agreement with a group of investors to open 14 bakery-cafes in
northwest Los Angeles county. Adler, Glazer and Wyss will operate
under the franchise group name Mariposa...
In the US Bake-Line Group, a leading supplier of private label
cookies and crackers, has purchased Turnbull Bakeries, a
Tennessee-based private label manufacturer of biscuit and wafer
products.
Canadian company Maple Leaf Foods has reported its financial
results for the first quarter ending 31 March, with solid increases
in both sales and profits.
America's biggest food company, Kraft Foods, announced a rise of 20
per cent in earnings for the 2002 first quarter, attributing strong
volume growth in beverages, desserts and new products to the
increased earnings.
US cereal company Kellogg Co. agreed this week to sell its
Bake-Line Products business to Atlantic Baking Group, the privately
held baking group said on Wednesday.
