US Foods has entered into an agreement to acquire specialty foods distributor Jeraci Foods to expand its reach in the Italian independent restaurant and pizzeria sectors. However, the terms of the transaction were not disclosed. Based ...
Tags: US Foods, Jeraci Foods, acquisition
US-based dairy-free firm Tofutti Brands has started a review of its strategic alternatives that include operating as a standalone or a possible sale or forming a new business combination. For the review, the company has retained BDA ...
Ennis reported financial results for the three and six months ended 31 August 2016. Highlights include: Gross profit margin on continuing operations increased slightly from 29.5% to 29.6% on a sequential quarter basis.Diluted earnings ...
Tags: Ennis, financial results
Drinks giant Diageo is reportedly planning to slash around 400 jobs at its London office in order to boost profits and reduce expenditures. The move from the company is seen to be a part of a three-year initiative designed to save ...
Tags: Diageo, cut jobs, headquarters
Japanese food company Ajinomoto will launch its Japanese-style ramen in North America as part of its strategy to bolster its frozen noodles business in the region. While also expanding its frozen foods business in the region, Ajinomoto ...
Tags: Ajinomoto, Japanese-style ramen, frozen noodles business
United Natural Foods has reported financial results for the fourth fiscal quarter and fiscal year ended 30 July 30, 2016. Fourth Quarter and Full Year Fiscal 2016 Highlights Net sales for the fourth quarter of fiscal 2016 increased 7.4% ...
Consolidated same store sales increased by 0.5 per cent while while consolidated net sales dipped $11million. Toys R Us has reached an agreement to refinance its 2017 notes and a portion of its 2018 maturities amid a mixed bag of ...
Tags: Toys R Us, financial results
US snacks firm Amplify Snack Brands has completed the acquisition of UK-based potato crisps producer Tyrrells from private equity firm Investcorp. The completion resulted in Tyrrells becoming a wholly-owned subsidiary of Amplify. For ...
Tags: Amplify Snack Brands, acquisition, Tyrrells
Vetropack Group significantly enhanced its revenue in the first half of 2016. Vetropack Italia, a member of the Group since early August 2015, making a major contribution of over 10%. Net sales from goods and services amounted to CHF ...
Sanderson Farms reported results for the third fiscal quarter and nine months ended July 31, 2016. Net sales for the third quarter of fiscal 2016 were $728.0 million compared with $739.9 million for the same period a year ago. For the ...
Tags: Sanderson Farms, results
The J. M. Smucker Company announced results for the first quarter ended July 31, 2016, of its 2017 fiscal year. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted. Executive Summary Net sales ...
Tags: J.M.Smucker Company, results
CTI Industries, a manufacturer and marketer of flexible packaging and storage products, laminated films and novelty balloons, announced its results of operations for the second quarter and first six months of 2016. For the second quarter ...
Tags: CTI Industries, results
Multi Packaging Solutions International, a global leader in value-added print and packaging solutions for the branded consumer, healthcare, and multi-media markets, announced results for 4Q and Fiscal Year 2016. 4Q FY 2016 vs 4Q FY 2015: ...
Coveris reported second quarter 2016 net sales of $665m. Net sales for the second quarter of 2015 were $651 million. Adjusted EBITDA for the second quarter was $92 million, compared to $86 million in the second quarter of 2015. ...
Tags: Coveris, financial results
Berry Plastics Group reported results for its third fiscal 2016 quarter, referred to in the following as the June 2016 quarter. Highlights Reported record net sales of $1,645 million for the June 2016 quarter compared to $1,241 ...