US private equity firm TPG Capital has entered into an agreement to acquire Australia's leading poultry processor Inghams Enterprises for approximately A$880m ($901m). TPG Capital overcame competition from several other bidders in the ...
In times of plenty, consumers often trade up from canned and frozen food to chilled despite higher prices. They see fresh foods as the more healthful option. Brand owners sometimes leverage freshness as a quality that can elevate a product ...
Sales of rotisserie chicken have fallen by 18% since the government introduced VAT on hot foods last October, according to the British Poultry Council (BPC). The VAT hike has resulted in supermarkets selling about 138,000 fewer ...
Tags: Sales, rotisserie chicken, BPC
Finnish manufacturer of meat foods and products HKScan is set to lay off 123 workers at its operations in the country as part of its restructuring plan. Of all the jobs, 49 jobs will be eliminated through permanent layoffs while the ...
Tags: meat foods, HKScan, workers
Separate final bids have been placed by the US private equity firms Blackstone and TPG Capital as well as a consortium led by Chinese agribusiness company New Hope to acquire Australia's leading poultry processor Inghams Enterprises. The ...
Tags: Blackstone, TPG Capital, consortium
US-based food processing equipment provider Provisur Technologies has acquired MultiTec, a technology leader in autoloading systems, based in Lotte, Germany. This acquisition further strengthens Provisur's global technology, sales, ...
Tags: Provisur Technologies, food processing equipment, food
A Lancashire-based meat and poultry supplier has opened a division in Australia after enjoying a record year for sales. Gilberts Foods goes Down Under with a new venture based in Brisbane Gilbert’s Foods supplies the UK’s ...
2 Sisters Food, a UK-based chicken meat processing company, has entered into an agreement to acquire Dutch food firm Vion's red meat and poultry activities for an undisclosed sum. Under the terms of the deal, 2 Sisters Food will acquire ...
The Vion red meat and poultry businesses acquired by 2 Sisters Food Group (2SFG) can expect some “major cost savings” by their new owner Ranjit Boparan, according to a leading City analyst. 2 Sisters has acquired 11 of ...
Tags: Vion, red meat and poultry businesses, 2 Sisters Food Group
The 2 Sisters Food Group has bought Vion’s UK poultry and red meat businesses for an undisclosed sum. 2 Sisters has acquired Vion UK's red meat and poultry businesses The company said the acquisition will help to meet growing ...
Oman-based PET sheet producer Octal has launched the new recyclable DPET-PE trays for the poultry packaging industry. The trays maintain maximum freshness and extend shelf life of the product. According to the company, its new DPET sheet ...
Prices for grocery items remain high, as unit prices in Nielsen-measured categories and retail channels have risen every month over the past two-and-a-half years. And the higher prices have consumers keenly focused on their budgets and how ...
Tags: Consumers, Growing Quest, Fresh
A worker has been airlifted to hospital with serious injuries after falling through the roof of Nestlé’s beverages factory in Dalston, Cumbria. The man was airlifted to hospital Emergency services were called at 10.30am ...
Associated British Foods has forecast flat revenue from its grocery division in the first half of its fiscal year amid challenging conditions in bread markets in the UK and Australia. ABF, which owns the Kingsmill bread brand in the UK ...
Tags: ABF, flat revenue, grocery division
The continuing horsemeat scandal could benefit premium food retailers at the expense of value outlets, according to city analyst Shore Captial. Value brands could prove a casualty of the horsemeat scandal Analysts Clive Black and ...
Tags: horsemeat scandal, premium food retailers, Shore Captial