Canada-based organic food company SunOpta has entered into an agreement to sell Opta Minerals business to Speyside Equity Fund for CAD$6.2m ($4.4m), in order to focus on its core business of food distribution. The acquisition proposal has ...
Tags: SunOpta, organic food
The UK government has scrapped the proposal of levying sugar tax on food and drink products, which are believed to contain high calories and culprits for growing obesity levels in the country. The government is believed to be not in ...
Tags: High-Calorie Products, Sugar
Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA
Flowers Foods, Inc,producer of Nature's Own, Wonder, Tastykake, and other bakery foods, reported financial results for the company's fourth quarter and year ended January 2, 2016 and provided guidance for fiscal 2016. Reported results ...
Tags: Flowers Foods, EBITDA
RPM International Inc. has announced that its Mantrose-Haeuser Co subsidiary, which is within the RPM Specialty Products Group, has purchased US-based Holton Food Products Company, a US-based supplier of food stabilizers and dry egg white ...
Tags: Food Products, dry egg
US Foods Holding Corp plans to go for initial public offering of its shares to raise $100m, a move that comes after Sysco Corp failed to acquire it. In its filing with the US Securities and Exchange Commission, US Foods did not state the ...
Tags: US Foods, food service
Japanese flavours developer Takasago International Corporation has acquired US-based Centre Ingredient Technology (CIT) to expand its natural materials portfolio. The financial terms of the deal have not been disclosed. CIT is a ...
Tags: Takasago, biotechnology
FormFactor Inc of Livermore, CA, USA (which provides wafer test technologies and expertise) has agreed to acquire Cascade Microtech Inc of Beaverton, OR, USA (which provides equipment enabling precision contact, electrical measurement and ...
Tags: LED devices, wafer
For fourth-quarter 2015, GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) has reported a seventh consecutive quarter of revenue ...
Brazilian food manufacturer BRF has completed the acquisition of UK based food company, Universal Meats for £34m. This deal will enable BRF to expand in local markets in the UK. The negotiations for the takeover began in December ...
Tags: Universal Meats, UK markets
Wilmar International announced that its wholly-owned subsidiary, Yihai Kerry Investments has entered into two conditional joint venture agreements (JVAs) with Singapore Food Industries (SFI) today to supply certain safe and high quality ...
Tags: Wilmar, China Market
A confident Character Group has detailed a number of new appointments to take it to continued growth throughout 2016. The Character Group is celebrating strong Christmas sales as it sees revenue in the current financial year rise six per ...
Tags: Character Eyes, Toys
Reed's,the leading maker of craft sodas nationwide announced preliminary record sales for the fourth quarter 2015. Fourth quarter preliminary sales increased 12.8 percent to a quarterly record $12.4 million compared to last year's fourth ...
Tags: Reeds, craft sodas
General Mills will close its pastry manufacturing facility in Berwick, UK by autumn of 2016. In this regard, the company has completed collective consultation process with employee representatives and union officials in order to arrive at ...
Tags: General Mills, Pastry
Pinnacle Foods has completed its acquisition of Boulder Brands. Following the completion of its successful tender offer to purchase all outstanding Boulder shares for $11.00 per share in cash, Pinnacle acquired all remaining Boulder ...
Tags: Pinnacle Foods, Boulder Brands