Rice Bran Technologies has exited the Brazilian market and will concentrate on growing its ingredients business in North America, the company announced recently.
Flowers Foods this week said it is taking a “hard look” at every aspect of its business following a tough first half of the year that has seen its share price slump.
Aryzta chief executive Owen Killian has sold shares in the business worth around $17m – but insists the move is no indication of his confidence in the company.
Kellogg has secured a gateway to introduce its own brands in the promising MEA region by acquiring a controlling stake in Egyptian biscuit maker BiscoMisr, says an analyst.
International Paper has finalised a deal to acquire shares of its joint venture partner Sabanci Holding in corrugated packaging company Olmuska for $56m.
Ecolab said it has completed the US$8.3bn (€6.4bn) takeover of Nalco as part of a strategy to tap into global mega-trends such as food safety and the need for industry players to maximize operational efficiencies such as energy and water reductions.
Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.
More deals in the mould of Danisco-DuPont could be feasible, as analysts predict other ingredient firms with small bio-business, such as CSM, will generate acquisition interest.
Raisio is reaping the rewards of buying British snack brand Glisten with a 22 per cent increase in net sales in H1; with a new growth phase now underway, more acquisitions could be on the horizon.
Archer Daniels Midland (ADM) intends to grow profits in the year ahead through acquisitions as well as expanding its existing business, the company said in a presentation to investors this week.
British bakery group Greggs posted a small rise in underlying sales and said a focus on the breakfast market has left it well placed for growth this year.
Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk anti-Americanism.
Bakers and snack makers with healthy brands in their portfolio will boost consumer loyalty, confirms fresh figures from the latest league table of 500 UK superbrands.
Associated British Foods (ABF) has dipped its foot into the growing
market for natural and organic products, reaching agreement to
acquire 20 per cent of W Jordan & Son (Silo) Ltd.
Norwegian fish oil producer EPAX is to be acquired by compatriot
Austevoll Seafood - a move that will give it a vertically
integrated supply from fishing to omega-3 oil supply and avoid
potential sourcing problems for the future.
Burns Philp's plan to raise A$2.1 billion (€1.3 billion) from a
share offering in its Goodman Fielder business underlines the
group's ambitions to dominate the Australasian ingredients market.
Continual productivity improvements are behind Novozymes' solid
performance since it was floated on the stock market in 2000,
according to CEO Steen Riisgaard.
The owners of Britain's RHM, Doughty Hanson, have begun preparing
the food group for a stock market flotation later this year after
implementing pension reforms and cutting away dead wood, says a
report in the UK's Financial...
British food group RHM has confirmed it is in advanced talks to
sell its Golden West bakery, ending a troublesome supplier
relationship with fast-food giant McDonald's and streamlining the
company's focus in preparation...
Israeli flavour firm Frutarom, with clear ambitions to become one
of the top ten flavour players, is seeking a listing on the London
Stock Exchange to raise funds for imminent acquisitions.
Norwegian group Orkla has boosted its ownership in metals maker
Elkem to over 50 per cent and launched a takeover bid for the rest,
writes Anthony Fletcher.
Common shares of $6.2 billion aluminium rolled products firm
Novelis have begun trading today under the stock symbol NVL on the
Toronto Stock Exchange (TSX), writes Anthony Fletcher.
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
Management at the Royal Schouten group, parent of soy ingredients
business Acatris, has increased its share in the company under a
new shareholder structure designed to allow it to move more easily
on strategic developments, such...
Alcan has confirmed that its discussions with Pechiney on the terms
of a proposal for an increase in its offer for all of Pechiney's
securities have ended. But Alcan says it is still confident that a
deal will be eventually agreed.
Graphic Packaging International yesterday said that its
shareholders have approved the proposed merger with Riverwood
Holdings, to form a global paperboard packaging company with
estimated annual sales of $2.2 billion (€1.94bn).
Alcan has confirmed further details of the acquisition of shares in
the Flexible Packaging Division of Hydro Aluminium Deutschland,
which allow the company to expand into the European packaging
market.
Graham Packaging, which postponed last year's initial public
offering because of weak market conditions, has reformulated the
offering, cutting the size by 22 per cent and raising the estimated
price range.
Bunge has announced that it has completed its previously announced
acquisition of an approximately 55 per cent controlling stake in
Cereol, a leading oilseed processor and unit of Edison, for €449.2
million cash.
Irish packaging group Jefferson Smurfit is set for takeover by a US
private equity group following shareholder approval of the bid
earlier this week. The acquisition comes as the company announced a
decline in pre-tx profits for the...
Irish investors have sharply criticised Jefferson Smurfit, the
Dublin-based paperboard and packaging company, for its willingness
to accept a €3.7 billion takeover bid from Madison Dearborn
Partners, the US private equity firm.
Jefferson Smurfit, the Dublin-based paper and packaging group,
could become the centre of a takeover battle after a last minute
approach from David Bonderman, chairman of the low-cost carrier
Ryanair and chief executive of the investment...
The steady performance of the packaging industry during the recent
stock market turmoil is now a recognised phenomenon. Now more and
more financial advisors and analysts are recommending that a safe
bet for steady growth returns is...
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.
Packaging Dynamics, the producer of specialty bags and wraps for
the food service, supermarkets, bakery and retail industries, is
preparing for life as a separately quoted company once its parent,
Ivex Packaging Corporation, completes...
