Del Monte Pacific (DMPL), a Singapore-based food and beverage firm, has agreed to acquire Del Monte Foods' Consumer Products business in a $1.67bn deal. DMPL owns the Del Monte brand in the Philippines and is the exclusive licensee for ...
Tags: Del Monte Pacific, beverage
Alfa, a Mexican conglomerate engaged in car parts and petrochemicals, is looking at options to launch an initial public offering (IPO) for its processed foods division Sigma Alimentos. Sigma produces dairy and meat products under Fud and ...
Tags: Sigma Food Unit, Food
Philippine conglomerate San Miguel is looking at options to sell about 25% stake in its food business, San Miguel Pure Foods until 2014, in an effort to raise funds for expansion of the group’s operations. San Miguel president Ramon ...
Tags: Food Unit, San Miguel
Olam International has booked a jump in first-half sales, which were up by almost one quarter on strong growth from the Singapore group's food business. The company said sales in the six-month period rose 24.3% to S$9.6bn (US$7.72bn), on ...
US food manufacturer Lancaster Colony has recorded an increase in first-quarter profits on the back of higher prices and lower input costs within its speciality food unit. In the three months to the end of September, net income climbed ...
Tags: Lancaster Colony, Q1, first-quarter profits, higher prices
Olam International has booked a 26.2% increase in first-quarter profits, boosted by growth at its food business. Net profit for the three months to the end of September rose to S$43.2m (US$35.3m), up from S$34.2m in the comparable period ...
Tags: net profit, Sales rise, Food sales
French vegetable processor Bonduelle has booked an increase in full-year earnings, with sales growth outside of Europe offsetting weakness on the continent while cost cutting initiatives and lower financing costs boosted the bottom line. ...
Tags: vegetable processor, net income, Bonduelle
Dutch food group Wessanen has taken full control of frozen food maker Favory Convenience Food. It has bought the 35.9% stake it did not already hold from Rabo Capital for EUR5m (US$6m). Wessanen is looking to maximise the value of its ...
Tags: Wessanen, frozen food, Favory Convenience Food, takeover
The price of milk dominated headlines in the UK this week, with farmers gathering at a summit to air their views on the implications of the cuts and discuss what can be done. Elsewhere, French retailer Carrefour sounded an upbeat note on ...
Tags: milk, price of milk, yoghurt, bread