Premier Foods has today announced its purchase of Campbell's UK and
Irish businesses for £450m (€651m), marking the firm's sixth
acquisition in under four years.
UK food manufacturer RHM remains undeterred by last year's slump in
Mr Kipling cake sales - their financial second half results show
business is improving with the aid of healthy Hovis products.
American manufacturer Kraft will make a bid for United Biscuit's
southern European division, while Premier Foods and a Dutch equity
firm negotiate for stakes in UB's northern European operations.
British food manufacturer RHM has announced a steady year-end
performance, even though it splashed out more than expected on a
reform package for the ailing cakes division.
UK manufacturer Premier Foods has achieved flat sales but a
year-end like-for-like grocery profit rise of 5.4 per cent -
bolstered by rewarding acquisitions and a huge marketing drive.
Another shuffle is about to occur in the EU's food processing
marketplace as a Netherlands-based equity firm announces plans to
buy local operations belonging to Heinz and Premier Foods,
thencombine them into one firm selling...
Weetabix, the iconic British breakfast cereal maker, is the second
British brand acquired by US-based Hicks, Muse, Tate & Furst
this month. The £642 million acquisition comes hot on the heels of
the purchase of Unilever's...
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.
