A new whitepaper explores the instability in the current macro environment and the risks and opportunities this will bring for the beverage industry over the next few years.
General Mills has become the first US consumer packaged goods company to link its revolving credit facility to the progress of its sustainability performance.
Delice de France bakery specialist has secured a multi-million pound eight-year loan to complete a management buyout from parent company Aryzta to become an independent baker.
The Betty Crocker maker reported a better-than-expected fourth-quarter profit, but also announced it was axing 625 jobs to reduce costs amid slowing sales of its bakery and yogurt products.
The European Bank for Reconstruction and Development (EBRD) has partnered with the Industrial Development Bank of Turkey (TSKB) to provide working capital to Ulusoy Un Sanayi Ve Ticaret A.S.
An injection of $2 million in Series Seed funds will help startup ELEMENT Snacks “reinvent rice cakes into fun snacks” by enabling it to expand distribution and roll out new packaging and branding, the company announced March 3.
'You could automate several of your bagging and packing lines and still have change’
Since 2008, the HMRC annual investment allowance (AIA) has been revised four times and from January 1, 2016, will drop from an interim allowance of £500k to the highest permanent AIA ever of £200k.
Finsbury Food Group has posted a 76% rise in profit before tax to £11.4M after a “transformational” year for the cake, bread and bakery goods manufacturer.
The Real Good Food Company will focus on growth, partly through acquisitions, following the sale of its sugar subsidiary Napier Brown business, according to boss Pieter Totté.
Seabrook Crisps could “investigate areas for potential investment” to speed up growth after appointing independent corporate finance advisor McQueen, according to ceo Jonathan Bye.
Premier Foods now has “the brightest outlook for a decade”, after re-engineering its balance sheet with a major refinancing plan, says City analyst Shore Capital.
Cake and bread bakery goods manufacturer Finsbury Food Group predicts profit will be in line with market expectations in the first half of its current financial year, ended December 28 2013.
US firm Praxair has launched a system for rapid chilling of cooked and hot diced product, which it claims provides a cleaner cut with less moisture loss.
Diamond Foods expects to receive a delisting letter from Nasdaq for failing to meet today’s deadline for filing financial reports, the company has said.
Analysts note the ‘truly awful’ financial results for 2011 from Premier Foods as the UK group announced a £259.1m (€312.6) pre-tax loss for the full-year after writing down the value of its bread division.
Linpac has insisted that day-to-day operations will not be affected as it announced its debt had been halved after ownership of the company switched to a banking syndicate.
A trade union representing Bemis workers has questioned the viability of its proposed acquisition of Alcan Food Packaging Americas claiming the deal would leave the company with an excessive debt burden.
Cott, a leading manufacturer of private label and branded soft
drinks, has agreed a deal with packager Sidel over the lease of
blow-moulding equipment for expansion into sustainable bottled
water production.
Dutch bakery ingredients giant has reduced its long-term debt by
€145m, the company announced today, as part of its strategy to
improve its balance sheet.
Gostomel Glass Factory, Ukraine's largest glass-bottle producer, is
borrowing €13.3 million from the EBRD to build a new facility that
will enable it to produce 600,000 beer bottles a day.
Europe's largest sugar producer, Südzucker, has closed a five-year
convertible bond of €250 million, the proceeds from which will be
used to lift its stake in two subsidiaries.
French investors are looking to secure joint ventures in the
Pakistani meat processing and packing industry. A delegation from
ADEPTA met with Dr Abdul Hafeez Shaikh, the country's privatisation
and investment minister.
Debt-ridden Thai food packaging company Peace Canning, has had a
debt revamp plan approved by creditors, countering reports that its
Pigeon brand, Thailand's best-known food trademark, would be put up
for auction.
A recent report published by The Wall Street Transcript reveals
that the packaging sector, and in particular food packaging, is
currently a steady investment because of its almost guaranteed
long-term performance.
