Smithfield Foods predicts slowdown in sales after debut IPO year
US meat processor Smithfield Foods has signalled a moderation in sales growth for the year ahead, while pointing to continued strength in profitability. The packaged...
Category : Finance
McCain ‘to shut New Zealand factory’
McCain Foods is reportedly planning to shut one of its two processing facilities in New Zealand, as part of a broader shift in its regional...
Orior opts to keep ready-meals business after review
Orior has decided to retain its ready-meals division following a strategic review, as the Swiss food and drink group continues to reshape its business. The...
MHP-Owned Uvesa Set to Acquire Poultry Competitor Payán Hermanos
Uvesa, the meat group managed by Ukraine’s MHP, has announced a significant acquisition, purchasing Spanish company Payán Hermanos. The financial details of the transaction remain...
Nissin Takes Over Control of URC Partnership in the Philippines
Japan’s Nissin Foods Holdings is enhancing its presence in the food and beverage industry by gaining control of its instant-noodle joint venture in the Philippines....
Kraft Heinz to “upgrade” Canada plant
Kraft Heinz is committing significant new investment to its manufacturing operations in Canada, with plans to upgrade its facility in Montreal. In a statement, the...
Premier Foods ‘eyeing premium UK pizza business Crosta Mollica’
Premier Foods is reportedly exploring a potential acquisition of premium pizza brand Crosta Mollica, although the UK group has declined to comment on the speculation....
Unilever confirms talks to sell food assets to McCormick
Amid renewed speculation surrounding the future of Unilever’s food division, the consumer goods giant has confirmed it is in disposal discussions with McCormick & Co....
Applied Nutrition shares hit amid Middle East caution
Applied Nutrition saw its share price decline in early trading today (23 March) after warning that sales in the Middle East are likely to face...
Ferrero adds to Brazil assets with Bold Snacks buy
Ferrero has taken a further step in expanding its footprint in Brazil with the acquisition of protein bar specialist Bold Snacks. Daniel Martinez Carretero, CFO...