Fonterra to sell consumer business as part of restructuring plan
Fonterra, a New Zealand-based dairy co-op, announced plans to exit its consumer-facing business and focus on ingredients as part of a “step-change in strategic direction.”...
Category : Finance
Premier Foods focuses on volume-driven growth while prioritizing M&A opportunities
Premier Foods has seen a return to volume growth in its latest financial quarter, with a shift from price-focused strategies to promotions and market-share gains....
Dessert Holdings completes acquisition of Kenny’s Great Pies in a deal exclusive to the US market
In a recent development, Dessert Holdings, a US-based company, has successfully acquired Kenny’s Great Pies from investor Kaho Partners, expanding its portfolio of premium dessert...
Milcobel appoints Peter Grugeon as new CEO
Milcobel, a Belgium dairy cooperative, has appointed Peter Grugeon as its new CEO, following the departure of Nils van Dam in February due to a...
Panos Brands, a US company, acquires salmon supplier The Santa Barbara Smokehouse
Panos Brands, a US food group, has recently announced its acquisition of smoked salmon producer The Santa Barbara Smokehouse. Established in 2005, The Santa Barbara...
UK FSA introduces additional control measures for imported spices from India
The UK’s Food Standards Agency (FSA) has implemented “extra control measures” on Indian spice imports to address a recent contamination scare in the food and...
Encouragement for the Food Industry to Embrace Plant-Based Options
In today’s rapidly changing food and beverage industry landscape, it is crucial for European food manufacturers to actively engage with consumers. This engagement not only...
Bakery run by Grupo Bimbo to shut down operations in the US
Grupo Bimbo, a Mexican bakery giant, has made the decision to cease operations at a factory in Nebraska by early July. The Bellevue facility, which...
PepsiCo makes substantial investment in UK Pipers Crisps manufacturing facility
In a bid to meet the surging demand, PepsiCo is set to invest £8m ($10.1m) in its Pipers Crisps manufacturing site in the UK. The...
McCain to expand investment in French potato production
McCain Foods, a major player in the food and beverage industry, is set to invest over €350m ($377.8m) in France to enhance its production facilities...