The global commodity market continues to worry confectionery and
sugar firms, as AB Foods profit is dented by sugar reforms, Nestle
combats costs with price hikes, and Cadbury may be ripe for
Cereal manufacturer Kellogg today revealed plans to invest $40m in
expanding its institute for food and nutrition research, claiming
that sales from innovation have doubled since it first opened in
US bakery and international consumer goods manufacturer Sara Lee
has announced the sale of its European branded apparel business as
part of the company's bid to redefine its over-stretched product
portfolio and turn around its...
Leading US bakery and international consumer goods manufacturer
Sara Lee has announced that it has entered negotiations regarding
the sale of its European branded apparel business. The move forms
part of the company's bid to...
Six months after its acquisition of Owens-Illinois' plastics unit,
Graham Packaging has reported a net loss of $11.5 million (€ 9.1
million) for the first quarter of this year, even though net sales
increased by 138 per cent...
A US farm co-operative is set to open a $25 million
state-of-the-art pork processing plant that will be wholly owned by
hog producers. Is this the best way that small pork processors can
compete against the likes of Smithfield and...
Phosphate technology company Astaris, hit by a weaker economy and
rising competition, yesterday unveiled a restructuring plan
designed to cut costs and boost revenue for North American
operations. The move sees facilities closing...
Stora Enso, one of the world's leading forest industry companies,
will move its Asia-Pacific headquarters from Singapore to China's
economic centre, Shanghai, the company's chief executive officer
FMC Technologies, the global provider of energy processing and
production systems for a number of industries including the food
industry, has reported solid third quarter 2002 sales of $525.4
million (€538.6m) for the group as a whole,...
Ball Corporation has agreed to acquire Schmalbach-Lubeca, the
second largest beverage can manufacturer in Europe. Combined, the
two companies produce more than 45 billion beverage cans annually
in North America and Europe.
Australian company Plantic has solved the problem of packaging
waste by developing a 'plastic' packaging that is dissolvable. The
material could even provide a feasible alternative to
non-degradable plastic bags, a market...
Fresh Del Monte Produce, the US fresh fruit and vegetables group,
is taking its first step to becoming a global leader in the sector
by buying three Fisher Foods businesses from the receivers of
Pactiv Corporation has announced an agreement to purchase Winkler
Forming, a leading thermoformer of amorphous polyethylene
terephthalate (APET) used in food packaging, for $72.5 million,
(€78.5mn) or approximately 7 times EBITDA.
A poor performance from one of its US subsidiaries dragged down
first-quarter profits at Jefferson Smurfit, the Irish paper and
packaging business at the centre of a bid from a US private equity