Bosch Packaging Technology has concluded its previously announced acquisition of Ampack Ammann, a filling and packaging machine company in Germany for an undisclosed amount. The agreement was originally signed in July 2012. Bosch ...
Tags: Bosch, Ampack, acquisition
UK-based private equity firm Permira has hired banks to provide additional debt for its frozen food company Iglo,which owns the Birds Eye brand. Credit Suisse,HSBC,Nomura and UBS will be managing the Iglo transaction,under which€250m ...
Tags: debt, frozen food, banks
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...
Food and drinks giant, PepsiCo has announced plans to use more renewable materials for its beverage packaging, as part of its goal to reduce its reliance on oil-based plastic. PepsiCo global beverage packaging vice president Denise ...
Tags: renewable materials, beverage packaging, oil-based plastic
US-based ConAgra Foods has entered into an agreement to acquire Ralcorp, a leading manufacturer of private label food in the US, in a deal valued at approximately $6.8bn including debt. As a part of the agreement, Ralcorp shareholders ...
Tags: ConAgra Foods, acquire, Ralcorp, private label food
Flour Mills of Nigeria plans to invest N200bn($1.25bn)in various projects,in order to boost food production in Nigeria. The plan was disclosed by the company's chairman George Coumantaros at its 52nd annual general meeting in Lagos. ...
Tags: Flour Mills, food production, pasta
This week Premier Foods announced plans to axe 900 jobs and to close two bakeries, while Dutch meat group Vion revealed the sale of its UK food businesses - raising doubts about the future of 13,000 employees. Here, we capture a flavour of ...
Tags: Premier Foods, jobs, Vion
This week Premier Foods announced plans to axe 900 jobs and to close two bakeries,while Dutch meat group Vion revealed the sale of its UK food businesses?raising doubts about the future of 13,000 employees.Here,we capture a flavour of the ...
Tags: beef, lamb, BSE, food exports
UK retailer Marks and Spencer today(6 November)revealed a near-10%drop in first-half profits as sales gains at its food business failed to offset a decline in general merchandise. The company booked first-half pre tax profit of ...
Tags: profits, sales, Christmas products
The Minister for Agriculture,Food and the Marine,Simon Coveney T.D.has announced the creation of 100 jobs as a result of on-going innovation,growth and investment at Kepak's Consumer Food facility in Watergrasshill,Co Cork.This expansion is ...
Tags: Kepak, Cork production facility, jobs, food
Tesco, which looks set to leave the US market, today (5 December) announced improving underlying UK sales as investments appear to be starting to pay off for the UK's largest retailer. UK like-for-like sales, excluding both VAT and ...
Tags: Tesco, US market, like-for-like sales, further weakening
US produce group Dole Food Co.has sold its global packaged food and Asian fresh businesses to Japanese conglomerate Itochu Corp.for US$1.7bn. The deal,announced yesterday(17 September)followed admissions from both companies last week that ...
Tags: shareholders, value, stake, packaged food
US packaged foods company ConAgra has completed the acquisition of Unilever's North American frozen meals business for a total cash consideration of$267m,a move which will strengthen its frozen food business. The agreement to acquire ...
Tags: acquisition, frozen meals business, cash consideration
Unilever has offloaded its frozen meals business in North America to ConAgra Foods, the consumer goods giant announced today (30 July). The US$265m sale of products sold under brands including Bertolli and P.F. Chang's was part of ...
Tags: Unilever, frozen meals, food, frozen foods
Danone has today(27 July)confirmed higher raw material costs hit margins in the first half of 2012,six weeks after surprising the market with a profit warning. The French food giant said trading operating margin fell 61 basis points to ...
Tags: raw material costs, margins, net income