Friday, May 28, 2021

Canada food retail body issues own call for grocery code of conduct

Canada's largest retail trade body has joined calls for a grocery code of conduct – although its demands have sparked concerns at one leading manufacturers' association.

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Canada food retailers issue call for grocery code of conduct

Canada's largest retail trade body has joined calls for a grocery code of conduct – although its demands have sparked concerns at one leading manufacturers' association.

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Investor group 'eyes control of Turkey ice-cream firm Natura Gida'

A multinational investment group is reportedly vying to take a majority interest in a business competitor to Unilever in Europe.

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Australia's Murray River Organics in another disposal

Australia's Murray River Organics has sold more assets as part of the company's moves to focus on its FMCG operations.

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Thursday, May 27, 2021

Kameda Seika buys Japan allergen-free baker Tainai

Kameda Seika, the Japanese food group best known for its rice-based snacks, has snapped up a local company offering allergen-free baked goods.

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US bacon maker SugarCreek expands to meet demand

SugarCreek is setting up another production facility in Ohio, the bacon manufacturer's fourth in the US state.

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Grupo Lala investors plan to take Mexican dairy private

Mexican dairy major Grupo Lala, behind brands such as Nutri and Vigo, has announced plans linked to its stock market listing

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Greencore CEO Patrick Coveney optimistic for revenue, profit rebound

Patrick Coveney, the CEO of convenience food supplier Greencore, has spoken to Just Food about the company's outlook this year for revenues and profits.

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Unilever eyes plant-based product development with Enough partnership

Consumer-goods heavyweight Unilever is aiming to develop more plant-based protein products after entering a partnership with a UK food-tech firm.

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Nestle, Unilever among companies behind UK flexible plastics recycling fund

A new project has been launched in the UK to address the issue of underserved flexible plastic recycling.

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Wednesday, May 26, 2021

UK sausage maker Heck upping production capacity, entering new category

Heck, the UK sausage maker, is to spend GBP3.5m (US$4.9m) on expanding its manufacturing plant, it has revealed.

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Mondelez confirms deal to buy snacks maker Chipita

US-based snacks and confectionery giant Mondelez International has struck another international deal in snacking.

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Quorn owner Monde Nissin raises US$1bn from IPO

The owner of Lucky Me noodles and Quorn meat-free burgers says trading in its shares will start in the Philippines on 1 June.

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Marfrig CEO 'facing insider trading accusation from Brazil's regulator'

Reports from Brazil suggest Marcos Molina. CEO of local meat heavyweight Marfrig, is facing accusations of insider trading.

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US bakery Kodiak Cakes sells majority stake to PE firm L Catterton

Kodiak Cakes, a US bakery business making waffles and granola bars, has come under a change of ownership.

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Lindt reveals plan to further expand Swiss cocoa plant

Swiss chocolatier Lindt & SprĂĽngli is to further expand a cocoa mass-production facility, it has announced.

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US natural poultry start-up Mighty Spark Food enters investor partnership

Natural poultry start-up Mighty Spark Food Company in the US has attracted the interest of an investment group.

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EU rejects dairy lobby proposals to restrict plant-based alternatives

The European Parliament has ruled on proposals from the dairy lobby to restrict the actions of plant-based dairy alternative businesses.

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Tuesday, May 25, 2021

Justin Timberlake among new backers of US vertical-farmer Bowery Farming 

A New York-based vertical farming business has revealed it has raised US$300m in a Series C funding round backed by singer-songwriter Justin Timberlake.

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Saputo snaps up UK faux-cheese business Bute Island Foods

Canadian dairy major Saputo has expanded its dairy alternatives offering with the acquisition of a UK faux-cheese business.

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Japan demand sparks Arla into cheese capex

The Denmark-based dairy co-op is planning to invest in a cheese-making facility in its home market to "meet demand" in Japan.

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Meadow Foods debuts dairy-alternative brand Plant & Co

Meadow Foods, a UK-based dairy business, has marked its entry to the branded dairy-alternatives market.

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Colian brings together chocolatiers Elizabeth Shaw and Lily O'Brien's in new UK operation

Poland-based food group Colian is aiming to double the size of its UK business through a plan that involves its chocolate brands Elizabeth Shaw and Lily O'Brien's.

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Marfrig 'tried to buy control of Minerva' before taking BRF stake

The M&A strategy of Brazil-based meat giant Marfrig has again made headlines, just days after the company acquired a stake in local peer BRF.

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FrieslandCampina sells Russia unit to German peer Ehrmann

The Dutch dairy cooperative has announced a deal to offload its subsidiary in Russia to a European peer.

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Greencore sees positive signs of demand recovery but Covid still bites into first-half results

Coronavirus continued to bite into Greencore's first-half results but positive signs of a recovery are emerging.

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Monday, May 24, 2021

Tiger Brands debuts VC fund to capture growth opportunities

South Africa's Tiger Brands unveiled a new investment fund last week as it reported first-half results.

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Germany cereal maker Mymuesli linked with IPO move

A German-based cereal manufacturer, which makes products to order, has been linked with going public this year in a new report.

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South Africa's Premier Group gets green light for Mister Sweet deal

South Africa's competition authority has given the all-clear for Premier Group to acquire a local confectionery business from Lodestone Brands.

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Japan's Morinaga Milk Industry to buy dairy peer Elovi Vietnam

Morinaga Milk Industry, the Japan-based dairy group, is looking to expand its business in the south-east Asian market via M&A.

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Marfrig Global Foods takes minority stake in Brazilian meat peer BRF

Two of Brazil's largest meat processors have struck a deal that will see shares and ownership change hands.

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Synlait forecasts annual loss

Synlait Milk, the New Zealand-based dairy and infant-formula co-manufacturer, has made another announcement with regard to its profitability prospects.

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Friday, May 21, 2021

UK 'to offer Australia tariff-free trade deal'

The UK government is reportedly set to make an offer to Australia on a trade deal that will phase out tariffs and quotas.

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Mars pumps investment into pet food in Spain

The US giant, which has announced projects at home and China this year, has unveiled another capex move in Europe.

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New investor for US acai-foods firm Sambazon

Sambazon, a US-based supplier acai food and drinks with operations in Brazil, has a new major investor.

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Oatly shares jump on market debut

The Sweden-based maker of oat-based dairy alternatives saw its share price climb after listing in the US.

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Thursday, May 20, 2021

Oatly IPO raises US$1.4bn

The Sweden-based business, which has been at the forefront of the growing market for oat-based alternatives for dairy, has announced the pricing of its IPO.

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Calidad Pascual launches cell-dairy incubator

Calidad Pascual, the Spain-based dairy group, has launched an incubator to work with start-ups in a cutting-edge part of the sector.

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Danone targets food waste by ditching yogurt expiry dates

French dairy giant Danone is rolling out changes to its yogurt pot labelling in an attempt to help tackle food waste.

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Nestle builds fourth plant in Indonesia

The world's largest food maker said it's "optimistic about the growth opportunities" in the south-east Asian market.

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Thai Union buys rest of Germany's Ruegen Fisch

Thai Union Group, the Thailand-based seafood processing giant, has announced a share transaction in Germany.

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Dutch condiments firm Remia buys foodservice oil assets

Remia, the Netherlands-based ketchup and mayo maker, has acquired operations that manufacture and sell edible oils to foodservice customers.

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Sweet Products, Cemoi confirm takeover talks

A proposed transaction between the Belgian and French chocolate makers is on the table, they have announced.

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UK baker Warburtons to expand through facility investment drive

Warburtons, the UK breadmaker, has revealed plans to spend GBP56m (US$79.1m) on expansion projects to meet demand for non-bread baked products.

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Dutch condiments firm Remia buys foodservice oils assets

Remia, the Netherlands-based ketchup and mayo maker, has acquired operations that manufacture and sell edible oils to foodservice customers.

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Wednesday, May 19, 2021

UK's Premier Foods ready for M&A at home and abroad

The UK manufacturer, which, after a period of sustained sales growth, has reinstated a dividend for the first time in 13 years, has signalled it is looking to make acquisitions.

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Brazilian meat giants impacted by Argentina beef exports ban

Brazilian meat heavyweights Marfrig and Minerva have reacted to a temporary ban on beef exports introduced by Argentina's government.

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Boris Johnson 'eyes tariff-free UK-Australia trade deal'

Boris Johnson is reportedly ready to strike a tariff-free trade deal with Australia, the prospect of which has alarmed UK farming groups.

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Belgian confectioner Sweet Products 'in talks to acquire French peer Cemoi'

Sweet Products, the privately-owned Belgium-based chocolate producer, is said to be in talks to buy a French peer.

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Hershey boosts better-for-you credentials with deal for confectionery peer Lily's

Hershey is increasing its exposure to relatively healthier confectionery with the planned acquisition of a US peer known for its lower-sugar products.

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US rapper Drake invests in faux-chicken firm Daring Foods

The company, set up in 2018, wants to "dramatically scale" its growth in the retail sector, where, in the US, its customers include Kroger and Costco.

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Tuesday, May 18, 2021

UK meat group Cranswick broadens range through capex

The London-listed group will expand its product portfolio through the building of a new plant in its home town of Kingston upon Hull.

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Thailand's CPF reveals global plant-based meat ambition

Thailand-based meat heavyweight Charoen Pokphand Foods has unveiled a plant-based brand and revealed ambitious plans for the meat-free category globally. 

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Danone names Antoine de Saint-Affrique as new CEO

French dairy and baby-food giant Danone has named the person who will become its new CEO, two months after long-time leader Emmanuel Faber left the role.

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Iceland Seafood International set to buy control of Spain's Ahumados Dominguez

The Iceland-based seafood processor has moved to expand its presence in Spain with the purchase of 80% of a local salmon, cod and trout supplier.

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Canada's Dion Herbs & Spices sold to investor consortium

The new owner of the herbs and spices supplier wants to boost the company's presence in Canada and the US.

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Monday, May 17, 2021

UK retailers call for "urgent" talks over Northern Ireland food supply issues

The British Retail Consortium (BRC), which represents UK retailers, has outlined a plan to try and find a solution to food trade supply issues in Northern Ireland.

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Brazil's JBS to build prepared-foods facility

Brazilian meat giant JBS is to expand in its domestic market with the construction of a prepared-foods facility.

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PE firm Exponent confirmed as new owner of UK puds brand Gu

UK desserts brand GĂĽ has been sold by its owner Noble Foods for an undisclosed sum in a deal announced today (17 May).

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Saudi Arabia's Almarai to invest in poultry production

Saudi Arabia food and beverage manufacturer Almarai has announced plans to expand its poultry operations.

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J&J Snack Foods president Dan Fachner named CEO

The US snacks and beverages business, which has seen sales and earnings come under pressure in recent months, has named a new chief executive.

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Italy's Granarolo takes full control of UK joint venture

Italian dairy business Granarolo has taken full control of an overseas joint venture business it established with an Italian food specialist.

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Danone 'set to name new CEO today'

A report in a French newspaper suggests French dairy giant Danone's new CEO will be named today (17 May).

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Reckitt 'draws up bidder shortlist for China infant-formula unit'

Reckitt Benckiser has reportedly put together a shortlist of bidders to submit binding offers for its infant-formula business in China.

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Kellogg pledges to cut salt, sugar in European cereals

Kellogg is planning to cut salt and sugar levels across its breakfast cereal brands in Europe as part of a newly-launched initiative.

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Friday, May 14, 2021

Tyson Foods to sell pet treats business to General Mills

US-based meat giant Tyson Foods has announced it is selling some brands to another local packaged food company.

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Weston Foods sale process to start next week

The parent company behind Canada-based bakery business Weston Foods has given an update on its plan to sell the asset.

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Great Lakes Cheese in Ohio plans new plant

Great Lakes Cheese, a dairy business based in the US state of Ohio supplying retail and foodservice customers, is planning a new facility.

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BRF warns of hit to chicken exports from Saudi Arabia shelf-life proposal

Brazilian meat processor BRF has responded to a proposal from Saudi Arabia to cut the shelf-life on frozen chicken products.

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Hungary dairy group Sole-Mizo invests in production

The country's largest dairy business has invested in capital projects at three of its manufacturing facilities.

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Thursday, May 13, 2021

Founder Andy Berliner named Amy's Kitchen CEO as Xavier Unkovic departs

The US canned- and frozen-food manufacturer has announced the departure of Xavier Unkovic, who has been at the helm of the soup and meals maker for under a year.

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Noble Foods' 'exclusive talks to sell puds brand Gu to PE firm Exponent'

The future ownership of UK desserts brand Gu has again hit the headlines, with a report claiming owner Noble Foods is in exclusive talks to sell the asset.

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Cal-Maine Foods takes full control of Red River Valley Egg Farm business

US-based Cal-Maine Foods is to pay US$48.5m to take full control of a Texas-based egg business, it has revealed.

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Ruchi Soya buys biscuits assets from India peer Patanjali Natural Biscuits

India food group Ruchi Soya has moved to expand its business, with a move into the country's biscuits sector through M&A.

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PepsiCo to pump $235m into Frito-Lay plant expansion

US food and drinks major PepsiCo is to spend US$235m expanding a snacks plant in its home market, it has announced.

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Canada's Saputo to expand US cheese plant

Canadian dairy major Saputo is to expand a facility outside its domestic market, a move which will create 150 new jobs.

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G. Willi-Food International promotes Erez Winner to acting CEO

The company's finance chief tells just-food the Israel-based business "hopes" to name a permanent chief executive "one year from now".

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Mars inks Spain ice-cream distribution deal with Unilever

A major industry player is to distribute the ice-cream products of US confectionery heavyweight Mars in Spain under the terms of a new agreement.

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Australia's Arnott's Group snaps up Kiwi cracker firm 180degrees

Arnott's Group, the Australia-based food manufacturer, has bought a New Zealand 'premium' cracker business, it has announced.

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Danone reaps EUR1.6bn from China Mengniu Dairy stake sale

Danone has completed the sale of its minority holding in Chinese dairy business China Mengniu Dairy Company after earlier flagging the disposal.

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Wednesday, May 12, 2021

GreenSpace Brands launches cost-saving project to turn around losses

Canada's GreenSpace Brands has launched a restructuring initiative as it seeks to turn around the loss-making business.

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Outgoing Barry Callebaut boss Antoine de Saint-Affrique tipped to become Danone CEO

A French newspaper has named the person who it says Danone has chosen to be its new CEO and suggests an announcement could be made soon.

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PZ Cussons sells Five:AM Australian yogurt business to Barambah Organics

PZ Cussons, the UK-based consumer-goods firm, has sold dairy assets acquired in 2014 to an investor-backed company.

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Ex-Barry Callebaut boss Antoine de Saint-Affrique tipped to become Danone CEO

A French newspaper has named the person who it says Danone has chosen to be its new CEO and suggests an announcement could be made soon.

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B&G Foods names former Mars exec Kenneth Keller as CEO

US-based B&G Foods, which owns the Green Giant tinned vegetables brand locally, has named the person who will become its new CEO and president.

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Oatly prices US IPO as reports suggest $10bn valuation

Sweden-based oatmilk maker Oatly has priced its IPO in the US as it seeks a listing on the Nasdaq Global Select Market.

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UK announces new law to ban 'junk-food' advertising

The UK government has taken a long-awaited move to ban online adverts for 'junk-food' products under a new law.

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Pladis mulls closure of UK factory to address overcapacity

Biscuit maker Pladis, the owner of the McVitie's brand, has entered consultations with employees over plans to close a UK factory.

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Tuesday, May 11, 2021

Bel Group earmarks Cecile Beliot for CEO in new governance structure

Bel Group in France plans to separate the functions of chairman and chief executive currently held by Antoine Fiévet.

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US group Custom Made Meals under new ownership with Stellex Capital

Custom Made Meals, a US manufacturer of entrees and appetisers, has seen a change of hands in its private-equity ownership.

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US snacks firm Utz Brands buys co-manufacturer Festida Foods

Utz Brands, the acquisitive US salty snacks firm, has announced it is buying a local tortilla chips maker.

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Tyson ups sales guidance as foodservice recovery kicks in

US meat giant Tyson Foods has changed its fiscal 2021 sales guidance as a result of a recovering foodservice channel.

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J&J Family of Farms owner Benson Hill to gain listing through SPAC deal

Benson Hill, the US food-tech business which owns Florida-based fresh vegetables company J&J Family of Farms, has revealed how it plans to attain a stock-exchange listing.

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PE firm KKR snaps up New Zealand's Natural Pet Food Group

US private-equity major KKR has acquired a New Zealand-based pet-food company and plans to "support the company's growth" domestically and overseas.

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Remkes opens new poultry facility in Netherlands

Dutch poultry business Remkes has opened a new plant in its home market for processing chicken products.

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Monday, May 10, 2021

Nestle invests in China baby-food production

The world's largest food maker has expanded an existing site in the east of the country, including efforts to invest in baby-food manufacturing.

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French watchdog fines Fleury Michon for "obstructing cartel probe"

The France food manufacturer has been fined by the country's competition watchdog in the latest fall-out from what the regulator says was price-fixing among charcuterie producers.

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Lotus Bakeries' venture fund buys stake in D2C granola firm Oot

Lotus Bakeries in Belgium has marked the fourth investment under its venture-capital fund launched in 2019 with a deal in the Netherlands.

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Spain dairy group Calidad Pascual forms VC unit

One of Spain's largest dairy corporates has joined those major food companies that have set up in-house venture arms.

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Resource Partners adds to Polish dog food portfolio with Atlantic Products deal

Private equity firm Resource Partners, which already own the Polish dog treat business Maced, has added a local peer to its portfolio.

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A2 Milk cuts outlook as China infant-nutrition challenges persist

A2 Milk Co. has cut its annual revenue and profit margin forecasts as the New Zealand-based dairy company continues to face pressure overseas.

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Bubs Australia appoints former Fonterra man Fabrizio Jorge as COO

Bubs Australia, which specialises in goat's milk infant formula, has announced that an experienced dairy industry executive will be its new chief operating officer.

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Ireland's Valeo Foods acquired by US PE firm Bain Capital

Kettle Crisps and Jacobs biscuits owner Valeo Foods Group has been acquired by a US private-equity firm for an undisclosed sum.

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Zentis invests in German start-up Doerrwerk via venture-capital arm

Zentis, a family-owned food business in Germany, has invested in a local snacks and soups start-up via its venture-capital arm.

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Zentis invests in German start-up Dorrwerk via venture-capital arm

Zentis, a family-owned food business in Germany, has invested in a local snacks and soups start-up via its venture-capital arm.

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US manufacturer Monogram Food Solutions to add to production

The meat-snacks and frozen-food group is investing in its production footprint through a new site in the east of the country.

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Friday, May 7, 2021

Turkey's Kervan Gida takes majority stake in confectionery peer ZPC Otmuchow

Turkish confectionery company Kervan Gida, which completed an IPO in December, has announced an investment in a peer in Poland.

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Carlyle, Yili 'vying for Reckitt Benckiser's formula unit in China'

A report has emerged citing potential buyers for Reckitt Benckiser's infant-formula business in China after a review was launched in February.

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France's Fleury Michon in talks to sell Canada subsidiary

France-based food manufacturer Fleury Michon is in talks over the potential sale of an overseas asset.

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Haystack Mountain Creamery bought by PE firm The Stage Fund

US cheese maker Haystack Mountain Creamery has been bought by a private-equity investor for an undisclosed sum.

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E171 titanium dioxide unsafe as food additive, EU watchdog warns

The European Food Safety Authority has updated its guidance on the use of the additive titanium dioxide (E171) in food.

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Fresh produce supplier Greenfood Group to build new plant in Sweden

Greenfood Group in Sweden, a manufacturer of fresh fruit and vegetables, is building what it says is a state-of-the-art production and logistics centre.

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Thursday, May 6, 2021

Ireland's ABP to buy remaining 50% of fellow meat firm Linden Foods

Irish meat processor ABP Food Group has reached an agreement in principle with a UK agri-food business to acquire the remaining 50% holding in its red-meat business.

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Spanish fruit business Trops snaps up local peer Herco Frut

Trops, the Spanish fruit supplier, has acquired a local peer for an undisclosed sum, it has announced.

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Kellogg pushes up sales forecast after "strong" Q1

The US cereal and snacks giant has issued a new set of forecasts for annual sales and profits alongside the publication of its first-quarter financial results.

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Swedish functional-food firm Frill Holding in triple deal reveal

Frill Holding, a Swedish business specialising in functional foods, has announced a number of acquisitions.

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UK grocer Co-op to cut prices on plant-based meat products

UK retailer The Co-op has announced an initiative aimed at reducing the price disparity between plant-based products and their meat equivalents.

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WHO issues new global benchmarks for salt in food

The World Health Organization (WHO) has launched a new initiative aimed at reducing the amount of salt in food products.

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Croatia's Podravka seeking to up production of kids' cereal

Croatia-based FMCG group Podravka has detailed plans to help it increase the production volume of some of its core lines.

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WHO gets tough on salt in food products with new global benchmarks

The World Health Organization (WHO) has launched a new initiative aimed at reducing the amount of salt in food products.

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Fonterra proposes buying back shareholder fund under capital-structure review

Fonterra has today (6 May) put forward an option as part of its capital-structure review for its farmer owners to consider before a trading halt is lifted tomorrow.

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Wednesday, May 5, 2021

Orkla takes full control of Iceland confectioner Noi-Sirius

Orkla has instigated yet another deal in Europe, adding to the purchase of two UK companies by the Norway-based food and ingredients group in the past week.

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Japanese tofu firm House Foods to build US facility

House Foods, the Japanese tofu maker, has announced that it is to build a new facility in North America.

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US egg supplier Pete and Gerry's Organics offloads stake to PE firm

Pete and Gerry's Organics, a free-range egg business in the US, has sold a majority stake to a domestic private-equity investor.

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Fonterra shares suspended ahead of capital structure proposals

Fonterra has suspended its shares across multiple trading platforms ahead of an announcement due on Thursday (6 May).

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Egg supplier Pete and Gerry's Organics offloads stake to PE firm

Pete and Gerry's Organics, a free-range egg business in the US, has sold a majority stake to a domestic private-equity investor.

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Nestle seeks to "disrupt" dairy-free milk category with Wunda

NestlĂ© has revealed a new product in the dairy-free category as it seeks a bigger slice of what it calls a "food revolution" in plant-based products.

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Valio seeks partners for Oddlygood plant-based business

Finnish food group Valio has announced it is planning to spin-off a business unit and is seeking one or more partners to run it.

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UK meatpackers threaten Brazilian boycott over Amazon land reform bill

UK meat processors have joined forces with major supermarket chains to respond to Brazilian government plans to introduce land reform in the Amazon rainforest area.

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Tuesday, May 4, 2021

Tesco rolls out finance scheme for green suppliers

The UK's largest grocer is to offer sustainability-linked supply chain finance, in a move to encourage more suppliers to sign up to science-based emissions reduction targets.

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Britvic buys UK dairy-free milks firm Plenish

UK beverages group Britvic, which is listed on the London Stock Exchange, has announced an acquisition in the plant-based market.

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Plant-based firm Tattooed Chef to acquire Foods of New Mexico

Tattooed Chef, a plant-based food business in California, has announced an acquisition in its home market.

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Laird Superfood buys US peer Picky Bars

The US-based drinks, creamers and protein-powder business has bolstered its position in the snacks market with the acquisition of a local supplier.

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Finnebrogue founder, chairman Denis Lynn dies in accident

The founder and chairman of Finnebrogue Artisan has passed away following an accident at his home at the weekend.

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Orkla acquires UK firms Cake Decor, For All Baking

Norway-based food firm Orkla has extended this year's acquisition spree with two deals in the bakery decorations category.

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Monde Nissin share listing set for next month

The owner of brands including Quorn and Lucky Me has got the green light for an IPO in its home market of the Philippines.

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Nestle buys brands from vitamins firm The Bountiful Company

NestlĂ© is to acquire assets of The Bountiful Company in the US after revealing this week it was in talks with the owners over parts or all of the business.

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Canada food retail body issues own call for grocery code of conduct

Canada's largest retail trade body has joined calls for a grocery code of conduct – although its demands have sparked concerns at one le...