Dutch food firm Vion has entered into an agreement to sell its Oerlemans Foods to Baltussen Holding for an undisclosed amount, as part of its efforts to focus on its food operations in the Netherlands and Germany and on its global ...
Tags: Dutch, ood firm, Vion.Oerlemans Foods
Belgian food retailer and foodservice group Colruyt has announced its new CFO will be Marc Hofman, the current CEO of fellow Belgian food firm Ter Beke. Hofman will take up the role on 1 April, Colruyt said yesterday (7 January). He ...
Tags: food retailer, foodservice group, Colruyt, CFO, Marc Hofman, Ter Beke
Swiss food firm Nestle has won a trademark lawsuit against Cadbury over the rights for KitKat chocolate bar shape. The European-wide ruling issued by the board of appeal at the Community Trade Mark Office reinstates Nestlé's right ...
Tags: food firm, Nestle, Swiss, Cadbury, KitKat bar
Net profit reaches $3.1m Operating profit climbs to $5.15m Net sales grow 14.9% US frozen-food firm Overhill Farms has recorded what it says is a "substantial" increase in full-year profit and sales, despite a "challenging" economic ...
Tags: FY Profit, Overhill Farms, Agriculture Food
Smart Balance has said that first-half results were in-line with its expectations, despite reporting a 39% drop in net profit. For the six months to the end of June, Smart Balance saw net profit slide to US$4.2m. The US health food firm ...
Tags: Smart Balance, first-half results, expectations, net profit, drop
Chinese snack food firm American Lorain has reported mixed third-quarter results, with the bottom line hit by one-off items but operating profit increasing. Net income was down 25.7% to US$5.3m, mostly thanks to a gain the company ...
Tags: American Lorain, operating profit, sales, income, company news
Convenience food group Greencore has reported a rise in third-quarter sales, boosted by growth across its business. The company today (31 July) posted a 6.7% increase in underlying sales for the 13 weeks to 29 June. The 6.7% "core ...
Tags: Greencore, sales, underlying sales, company news
US food firm Lancaster Colony has added two products to its Sister Schubert's line of rolls. The company yesterday (8 October) announced it had developed Sweet Hawaiian Rolls and Mini Loaves, products it claimed were the "first of their ...
Tags: Lancaster Colony, new product, food product, food industry
German food company Zertus has struck a deal to buy UK confectioner and snack firm Zetar. Zertus and London-listed Zetar announced an agreement valuing the UK firm at GBP43.7m. The German company is paying 297p per Zetar share, which ...
Tags: food company, Food Firm, confectioner firm, snack firm
US canned food firm Seneca Foods has announced it could buy local peer Independent Foods. Seneca Foods said it had signed an MOU "contemplating an acquisition" of the company, which makes branded and own-label canned fruit. Any deal ...
Tags: canned food, acquisition, Seneca Foods
Former Sara Lee executive Marleen Vaesen will become chief executive of Belgium-based produce group PinguinLutosa. Vaesen will take the role next month, replacing Hein Deprez, PinguinLutosa's controlling shareholder. The company said ...
US food firm Pinnacle Foods has booked a drop in third-quarter earnings, which were hit be charges related to restructuring and refinancing. In a regulatory filing yesterday (8 November), Pinnacle said EBIT dropped to US$60m in the third ...
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
Swiss chocolate manufacturer Barry Callebaut has signed a long-term sourcing agreement with Industria de Alimentos dos en Uno, a subsidiary of Argentinian food firm Arcor. Under the terms of the agreement, Barry Callebaut will supply ...
Vion Food UK is set to close its loss-making Hall's of Broxburn pork processing plant in West Lothian, Scotland, a move which will lead to a loss of 1,700 jobs. Vion Food, which rejected two offers for the site, stated that neither of the ...
Tags: pork processing plant, alternative employment, struggling food firm