About 21 companies in the US have voluntarily lowered salt content in pre-packaged or restaurant foods products, in response to a salt reduction campaign led by New York Mayor Michael Bloomberg. New York launched the National Salt ...
Tags: salt content, pre-packaged foods, restaurant foods products
McCain Foods has completed the acquisition of Kitchens of Sara Lee (KOSL) Australia from Hillshire Brands.The transaction is valued at A$82m. The acquisition of KOSL includes a manufacturing facility at Lisarow, New South Wales, as well ...
US food company Hillshire Brands has completed the sale of its Australian subsidiary Kitchens of Sara Lee (KOSL) to McCain Foods (Aust), a subsidiary of McCain Foods, for A$82m ($85m). McCain Foods (Aust) entered into an agreement to ...
Tags: food company, Foods, frozen food
Cof its fiscal year, benefiting from the knock-on effect of acquisitions and higher volumes. For the nine months to the end of December, Pinguin Lutosa reported net sales up by almost 32% on the same period of the previous year, to ...
McCain Foods, a frozen food company based in Canada, plans to invest INR3.5bn ($63.6m) to boost the production capacity of its plant in Mehsana, Gujarat, India. This move is a part of the company's plan to address the increased demand ...
Tags: McCain Foods, frozen food, Canada, India
Hillshire Brands has announced that Brian Davison has joined the company from Kraft Foods as VP of corporate strategy and development. Hillshire, formerly the North American meat business of Sara Lee, said Davison began his role on 2 ...
Tags: Hillshire Brands, Brian Davison, Food, meat business
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. Data for the whole of 2012 has not yet been published ...
Tags: European M&A advisors, food sector, Food
PinguinLutosa COO Herwig Dejonghe has admitted he did not see why the company had to sell potato business Lutosa to McCain Foods - but has expressed confidence about the European food group's future. The Belgium-based firm agreed to ...
Tags: PinguinLutosa, potato business, McCain Foods, Lutosa
Chip giant McCain Foods has struck a deal to buy Dutch potato products manufacturer CêlaVíta. McCain announced the deal, signed for an undisclosed sum, yesterday (24 July) and said it would allow it to supply customers with a ...
Tags: McCain Foods, potato products, acquisition, company news
McCain Foods has signed a deal to buy the potato division of Belgian vegetable supplier PinguinLutosa. The deal, announced today (19 October), is based on an enterprise value of the division of EUR225m (US$293.2m). It encompasses ...
Tags: McCain Foods, potato division, PinguinLutosa, vegetable
Sainsbury's chief executive Justin King today (9 October) called on the UK food industry to adopt common front-of-pack nutrition labels. King said the sector should "put aside their differences" and introduce "universal" labelling. ...
Tags: Sainsbury, Justin King, food industry, nutrition label
Belgian food group PinguinLutosa has reported a profit for the first half of its current financial year as it prepares for business without potato division Lutosa. PinguinLutosa, which has agreed to sell Lutosa to McCain Foods, booked a ...
PinguinLutosa,the Belgian producer of frozen vegetables,has announced that it has received unsolicited non-binding offers for its potato unit. The potato business was acquired by PinguinLutosa for€175m in cash. The company noted ...
Tags: frozen vegetables, potato, acquire
McCain Foods,a frozen food company based in Canada,has entered into an agreement to acquire the potato unit of Belgian frozen vegetables producer PinguinLutosa for EUR225m. The acquisition includes Lutosa's operations in ...
Tags: frozen food, agreement, acquire, potato
PM Group has announced that it has been awarded a design and project management contract for McCain Foods in India. The project involves the construction of a $69m food manufacturing facility in Ahmedabad, Gujarat. McCain Foods is a ...