PET film demand in the packaging market is forecast to expand 2.4% annually to 322 million pounds in 2021, faster than any of the major packaging film resins. Growth will be driven by rising barrier requirements, particularly in food ...
Tags: PET film, packaging market
US-based snacks manufacturer Snyder’s-Lance will acquire snack food and culinary nut company Diamond Foods for approximately $1.91bn, which includes $640m of debt. The parties signed a definitive agreement in this regard under ...
Tags: snacks, Diamond Foods
TreeHouse Foods has recorded first quarter earnings of $0.41 per fully diluted share when compared to $0.38 per fully diluted share reported for the first quarter of 2014. The Company reported adjusted earnings per share in the first ...
Tags: TreeHouse Foods, Q1 Results
Brazilian private equity firm 3G Capital Partners is in talks to acquire American Food Company Kraft Foods, in a deal potentially valued at more than $40bn. According to people familiar with the matter, the private equity firm would ...
Tags: Kraft Foods, market, brands
Kraft Foods Group has reported a decline in profit for the third quarter, owing to higher commodity costs that offset a marginal climb in sales, with weak operating margins pronounced at the cheese, and meals and desserts segments. The ...
Tags: Kraft Foods, cheese, Food
An example of 'innovative' nut varieties The share of nuts in global snack foods launches has risen steadily in recent years as nuts have found increasing favour as convenient and nutritious snacks and technology has allowed development ...
Kraft Foods Group, Inc. today reported third quarter results that reflected significant cost savings that outpaced brand-building reinvestments, as well as a negative impact from comparisons with unusually high product shipments in the ...
Tags: Kraft Foods, negative impact
US-based c - Meals and Desserts, and Enhancers and Snack Nuts in order to focus on brand-building while reducing the complexity of managing a portfolio of distinct brands and product categories. The new business structures and leadership ...
Tags: Agriculture, Food, Kraft
Transplace, a provider of transportation management services and logistics technology has announced that Diamond Foods has selected its proprietary software-as-a-service (SaaS) transportation management system (TMS) to improve operational ...
US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year. In the 12 months to the end of ...
Tags: Foods, Foods industry, profit, operating profit
Ralcorp Holdings has acquired Italian private-label frozen ready meals maker Gelit for an undisclosed sum. Gelit, based in Cisterna di Latina, employs around 130 staff and produces frozen ready meals for sale in the US and Italy. The ...
Tags: Ralcorp Holdings, frozen ready meals, food industry, company news
Price increases to offset higher commodity costs has boosted sales - and therefore profits - at US nut firm John B. Sanfilippo & Son. The company booked net income of US$7.5m for the quarter to 27 September, compared to $2.2m a year ...
Tags: commodity costs, sales, food market, food industry
Kettle Brand, the potato chips brand owned by Diamond Foods, is introducing retired flavors for a limited time. The flavors include Red Chili, Jalapeño Jack, Salsa with Mesquite, and Cheddar Beer. According to the company, the ...
Tags: potato chips, Red Chili, Salsa with Mesquite, Cheddar Beer
Diamond Foods plans to close its snack manufacturing plant in Indiana, US, a move which will lead to a loss of nearly 100 jobs. The company, which produces Emerald snack nuts and Kettle Chips, gained ownership of the Indiana facility when ...
US private-label food group Ralcorp Holdings has reported an increase in third-quarter profits, helped by higher sales and a gain from hedging contracts. Ralcorp, which makes cereals, sauces and pasta for US retailers, booked net earnings ...
Tags: private-label food, cereals, sauces, pasta, stocks