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Premier Foods Has a Deal to Sell a Controlling Stake in Bread Making Division

Feb 7, 2014

UK-based Premier Foods has struck a deal with private equity firm Gores Group to sell a controlling stake in its struggling bread making division, a move which allows it to focus on its grocery business. As per the agreed terms, Gores ...

Tags: Sell Controlling Stake, bread

Premier Foods Is Remaining Tight-Lipped

Nov 19, 2013

Premier Foods is remaining tight-lipped about reports that the Mexican bakery Grupo Bimbo may acquire its troubled bread division, as the firm’s short-term prospects divided City opinion. Premier Foods' plan to seek a financial ...

Tags: Premier Foods, tight, bread

Premier Foods Confirms That It Is in Talks Over a Sale of Stake in Its Bread Division

Nov 8, 2013

Premier Foods, a UK-based food company, has confirmed that it is in talks over a sale of stake in its bread division, which produces brands, including Hovis and Mother’s Pride. The company has approached private equity groups and ...

Tags: Premier Foods, Bread

Premier Foods Has Confirmed Press Reports That It Is Seeking a Partner to Raise Funding

Nov 7, 2013

Premier Foods has confirmed press reports that it is seeking a partner to raise funding for its troubled bread business. Sliced and diced: Premier Foods is looking for a partner for its troubled breads business The debt-laden food ...

Tags: Agriculture, Food

Premier Foods Is Ahead of Target on Cutting Suppliers and Product Lines

Nov 4, 2013

Premier Foods is ahead of target on cutting suppliers and product lines, according to ceo Gavin Darby, reporting on third quarter (Q3) financial results yesterday. Premier Foods is growing its core power brands "During the quarter we ...

Tags: Agriculture, Food

Premier Foods Doesnot Plan to Sell Its Hovis Bread Business,It Seeks to Further Strength

Oct 8, 2013

Premier Foods, a UK-based food company, said that it is not planning to sell its Hovis bread business, and it seeks to further strengthen the unit. The company has faced a series of transactions such as management changes, refinancing and ...

Tags: Premier Foods, Hovis Bread

Premier Foods Gavin Darby Says The Firm Has Too Many Suppliers

Apr 25, 2013

The boss of Britain's biggest food manufacturer Premier Foods Gavin Darby says the firm has too many suppliers. Premier Foods' Power Brands recorded their fifth successive quarter of sales growth. But doubts remain about the firm's debt ...

Tags: Agriculture, Food

Premier Foods Has Been Driven Down by One Newspaper Article

Apr 12, 2013

The share value of debt-laden food manufacturer Premier Foods has been driven down by one newspaper article, according to City analyst Investec. Martin Deboo, analyst with Investec, said: “Premier’s shares continue their drift ...

Tags: Premier Foods, Food

Premier Foods Has Been Driven Down by One Newspaper Article

Apr 11, 2013

The share value of debt-laden food manufacturer Premier Foods has been driven down by one newspaper article, according to City analyst Investec. Restructuring its bread division remains a key challenge for Premier Foods Martin Deboo, ...

Tags: Agriculture, Food

Hostess Brands Attained US Bankruptcy Court Approval to Sell Its Drake's Snack Cake Brand

Apr 10, 2013

Hostess Brands, a US-based bankrupt producer of bakery products, has attained US Bankruptcy Court approval to sell its Drake's snack cake brand as well as four of its northwest regional bread brands in separate transactions that are ...

Tags: Hostess Brands, bankrupt producer, bakery products

Mckee Foods Has Been Selected as The Leading Stalking Horse Bidder

Mar 15, 2013

US snack food manufacturer McKee Foods has been selected as the leading stalking horse bidder to acquire Hostess Brands' Drake's snack cake business for $27.5m. Hostess Brands stated that the deal will be presented to the US Bankruptcy ...

Tags: Mckee Foods, Drake's Snack Cake, Food

Finsbury Food Group Sold Its Business to Genius Foods for Pound 21M

Mar 1, 2013

Finsbury Food Group has sold its free-from business to Genius Foods for Pound 21M to focus on its core bread and cake business and reduce debt. Genius Foods has a 50% share of the UK gluten-free bread market The free-from business ...

Tags: Finsbury Food Group, Genius Foods, UK

Flowers Foods Has Expanded Its Market Share in The Wake of Hostess Brands

Feb 18, 2013

Flowers Foods has expanded its market share in the wake of Hostess Brands move to wind down its operations. The US baker has been named the "stalking horse" bidder for the majority of Hostess Brands' bread business. While the assets will ...

Tags: Flowers Foods, bread business, Flowers

A Consortium of Two Private-Equity Firms Has Emerged as The Lead Bidder

Feb 1, 2013

A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand. Apollo Global Management and Metropoulos submitted a US$410m offer for the Hostess ...

Tags: Hostess Brands, cake business, Twinkies brand

Hostess Names McKee Foods and United States Bakery as The Stalking Horse Bidders

Jan 30, 2013

Hostess Brands has named McKee Foods and United States Bakery as the stalking horse bidders for its Drake's cake business and various bread brands. In a statement released late yesterday (28 January), Hostess said that McKee Foods has ...

Tags: Hostess Brands, McKee Foods, Horse Bidders

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