11 November 2011
Nestle is continueing to drive its growth in Europe with a €10 million (more than SFr12 million) investment to produce different varieties of chocolate in Spain. The company has installed a new production line for moulding chocolates at its factory in La Penilla de Cayon in the north of the country. It is one of [...]
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09 November 2011
The EU’s competition authorities have given the go-ahead for Arla Foods’ acquisition of Allgauland-Kasereien in Southern Germany. Allgauland-Kasereien will now become a member of the Arla Group after Allgauland’s milk producers gave the green light to the deal in September. Allgauland-Kasereien has an annual turnover of Eur307.8 million and is supplied by 1,338 milk producers. It [...]
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08 November 2011
Grupo Bimbo has just completed the acquisition of Sara Lee’s fresh bakery business in North America. The deal, which has an enterprise value of $959 million, was originally announced in November 2010. Grupo Bimbo is also in the process of moving into the European market for the first time by acquiring Sara Lee’s fresh bakery business [...]
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07 November 2011
US private equity firm Clayton Dubilier & Rice is reported to have made an approach to buy Greencore, one of the leading convenience food processors in the UK. CD&R specialises in investing in market-leading companies that are typically underperforming. It has shown a preference for distribution- or services-related businesses. Rather than pursuing specific industry segments, [...]
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03 November 2011
Reflecting its strategy of expanding in emerging markets, PepsiCo is reported to have acquired Mabel, one of Brazil’s leading biscuit manufacturers, in a deal worth between 800 million and 900 million reals ($460-517 million). PepsiCo is believed to have outbid international food group Bunge and Mexican bread maker Grupo Bimbo to secure Mabel. Mabel operates five [...]
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03 November 2011
Leading global spirits group Beam recently celebrated the filling of its 12 millionth barrel of bourbon since the repeal of Prohibition in the US in 1933. The commemorative white oak barrel bearing the new company logo was filled and sealed at Beam’s flagship distillery in Clermont, where it will be aged until 2015. “After more than [...]
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03 November 2011
Sainsbury’s has become the UK’s largest anaerobic digestion (AD) retailer after signing a ground breaking deal with Biffa, the waste management specialist. The three year deal means all food waste from Sainsbury’s will be sent to AD plants around the country. The deal will see food waste collected from Sainsbury’s distribution centres across the UK, [...]
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03 November 2011
British and Irish meat processor Dunbia has expanded its operations through the purchase of English pork business Heathfield Foods. The deal increases the total number of processing facilities in the Dunbia Group to ten throughout the UK and Ireland. Jim Dobson, managing director of Dunbia, comments: “The strategic location of the Heathfield Foods facility coupled with its strong [...]
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02 November 2011
Bridgford Foods Corporation recently contracted Westfalia Technologies, Inc. to upgrade their existing Automated Storage and Retrieval System (AS/RS) in Dallas, TX. The Storage/Retrieval Machine, now nearly seventeen years old, was installed by Westfalia in 1994. Since that time major technical advances have been made to AS/RS and are included in this renovation project. Specifically involved [...]
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02 November 2011
US-based snack foods group Diamond Foods is delaying its acquisition of Pringles from Procter & Gamble. The $2.35 billion deal was agreed in April 2011 and was expected to close in December 2011 but has now been deferred until the first half of 2012, following the decision to investigate an accounting irregularity at Diamond Foods. Diamond [...]
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Nestle Continues to Drive Growth in Europe €10 Million Investment in Spain
EU Approves Arla’s German Acquisition
Grupo Bimbo Completes $959 Million Acquisition of Sara Lee’s North American Business
US Private Equity Firm Eyes Greencore
PepsiCo Expands in Brazil
Beam Reaches Major Milestone in Bourbon
Sainsbury’s Becomes Largest UK Retail User of AD
Dunbia Extends Pork Business
Westfalia Technologies upgrades ASRS at Bridgford Foods
$2.4 Billion Pringles Acquisition Delayed
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