Greencore and Bakkavor Extend Negotiations for Potential Deal
Greencore and Bakkavor have secured additional time to negotiate the terms of a potential £1.2bn ($1.57bn) takeover bid. Last week, the two UK food manufacturing...
Tag : business news
Danone to Shut Down Dairy Plant in Germany
Danone is planning to shut down a dairy plant in Germany, citing high production costs and underutilization of the facility as primary factors. The Activia...
Sainsbury’s Strengthens Board by Adding Two New Directors
Katie Bickerstaffe, former co-CEO of Marks & Spencer, and Steve Hare, current chief executive of Sage Group, are set to join Sainsbury’s board following the...
Mondi Purchases Schumacher Packaging’s Assets in Western Europe
Following the completion of the acquisition of Schumacher Packaging’s Western Europe assets, Mondi—an industry leader in sustainable paper and packaging manufacturing—has significantly enhanced its capacity,...
Greencore Poised to Acquire Bakkavor in £1.2 Billion Transaction
The two boards of Greencore and Bakkavor have reached an agreement on the essential financial terms of a transformative deal, proposing the formation of a...
HUL Appoints Rajneet Kohli as New Head of Food Division
Hindustan Unilever (HUL), a leading player in the Indian FMCG sector, has appointed Rajneet Kohli as the new executive director of its foods business, effective...
Astral Foods Alerts Investors to Profit Decline Following Cybersecurity Breach
South African poultry producer Astral Foods has issued a profit warning, predicting a substantial decline in half-year profits due to various challenges, including a recent...
Greencore Returns with Enhanced Offer for Bakkavor
Ireland-based food supplier Greencore has reportedly made an improved offer in its endeavor to acquire UK peer Bakkavor. According to news agency Bloomberg, citing “people...
Premium Brands Secures Another Acquisition as It Targets an Additional C$1 Billion
Premium Brands Holdings aims to add almost C$1 billion ($698.4 million) to its revenue as the Canadian food manufacturing giant announces yet another acquisition. Recently,...
Guinness Parent Company Names New Managing Director for Great Britain
Barry O’Sullivan, who has held the position of managing director and chair of Diageo Ireland since April 2021, is set to transition to a new...