KP Snacks to Shut Down Tyrrells Vegetable Snacks Factory
KP Snacks has announced plans to close a Tyrrells factory in central England due to declining demand for its vegetable snack products. This proposed closure,...
Category : Finance
Global Eggs Secures Investment from Private Equity Firm Warburg Pincus
Global Eggs has finalized a deal allowing private equity firm Warburg Pincus to invest up to $1 billion in the international egg supplier. In a...
Grupo Alacant Set to Acquire Irish Ice Cream Brand Silver Pail
Spanish ice-cream company Grupo Alacant has announced its acquisition of Irish counterpart Silver Dairy Ventures, commonly referred to as Silver Pail. This move underscores significant...
German Grocer Rewe Supports Sugar-Reduction Company Neoh
Austrian food-tech firm Neoh has attracted significant investment to further its sugar-reduction initiatives, with German retail behemoth Rewe Group stepping in as a key backer....
PepsiCo to Permanently Shut Down Frito-Lay Facility in California
PepsiCo has announced the permanent closure of its Frito-Lay snacks facility in southern California, putting over 200 jobs at risk. Located in Rancho Cucamonga, the...
Danone Reports First-Quarter Sales Impact Due to Formula Recall
Danone does not foresee any tightening of regulations following the infant formula recalls, citing a minimal impact on sales for the dairy giant. In its...
Sara Lee Frozen Bakery Appoints New CEO
Sara Lee Frozen Bakery has announced the appointment of Peter Laport as the new CEO, marking a significant step in the private-equity-backed group’s strategy for...
Comvita Attracts International Interest for Capital Raising Initiative
Comvita has sparked overseas interest as it progresses with a capital raise under its broader recapitalization program, particularly relevant to current trends in the food...
Orkla Acquires Austrian Manufacturer of Margarines and Sauces, Senna
Orkla’s ingredients business unit has finalized an agreement to acquire Senna, an Austrian manufacturer of margarine, sauces, and dressings, from Vivatis Holding. The financial details...
Nestlé Divests Last of Its Ice Cream Assets
Nestlé is divesting its remaining ice cream operations that are not part of its Froneri joint venture with PAI Partners, marking a significant shift in...