Inventure Foods has agreed to divest its frozen business unit to Oregon Potato Company (OPC) for $50m as part of its ongoing strategic and financial review. Under the terms of the definitive asset purchase agreement, the Arizona-based ...
Tags: Inventure Foods, Frozen Foods
Grupo Herdez has agreed to acquire Nestlé’s ice cream business in Mexico, Helados Nestlé, for around MXN1bn ($68.7m). The acquisition covers an ice cream manufacturing facility in Lagos de Moreno, Jalisco, as well ...
Tags: Ice Cream, equipment, freezers, Agriculture
Inventure Foods, Inc., a leading specialty food marketer and manufacturer, today reported financial results for the third quarter ended September 28, 2013. Quarter Overview Consolidated net revenues for the 2013 third quarter were $54.5 ...
Tags: Inventure Foods, food marketer
Hain Celestial has today (22 August) been announced as the buyer of Premier Foods plc's spreads assets, including brands such as Hartley's jam and Sun-Pat peanut butter. The US food group had been linked to Premier's spreads business, ...
Tags: Hain Celestial, Premier Foods plc, peanut butter, food industry
Boparan Holdings, the parent company of UK firm 2 Sisters Food Group, has moved into the black in its last financial year when its sales grew ahead of the market. The business booked a profit of GBP42.5m for the 12 months to 28 July, ...
Tags: FY profit, LFL sales, frozen business
Around 300 jobs within Wessanen's European operations are set to go after the Dutch food group set out plans to lower costs and improve profits. The company will close a frozen snacks plant in France as part of the plans, which are ...
Tags: Dutch food, profit, food industry, frozen snack
Dutch food firm Wessanen has taken full ownership of Favory Convenience Food by purchasing an additional 35.9%stake from Rabo Capital for EUR5m($6m). Wessanen noted that this purchase follows strategic review of its frozen foods ...
Tags: stake, frozen foods, frozen snack
Heinz reaffirms previously announced Fiscal 2013 full-year sales and profit outlook. Reconciliations of non-GAAP amounts are set forth in the attached financial tables.Results excluding productivity charges in Fiscal 2012 represent the ...
Tags: Heinz, sales, profit, food giant