Food & Drink

UK faces Brexit food prices hike without EU tariffs deal

April 21, 2017

The UK faces a 22% price hike in food prices if it fails to negotiate continued tariff-free trade with the European Union post-Brexit, according to the country’s retailers. The British Retail Consortium (BRC) study, published yesterday (20 April), said if the UK were to default..

Unilever acquires condiments maker Sir Kensington’s

April 21, 2017

Unilever, the European giant consumer products maker behind Lipton teas and Hellmann’s mayo, has agreed to purchase a tiny condiments maker that has won shelf space at Whole Foods and other retailers. The New York Times has reported that Unilever has agreed to purchase Sir..

UK: National debate needed on food and farming policy

April 20, 2017

Politicians should set out their plans to develop the UK’s £108bn food and drink manufacturing sector ahead of the general election on Thursday June 8, insist industry leaders. > Read the full article on the Food Manufacture website By Mike Stones Source: Food Manufacture

Topps taps new leader for global confectionery division

April 20, 2017

Tony Jacobs has been promoted to president of The Topps Co., Inc.’s Global Confectionery Brands division. In his new role, Mr. Jacobs has been tasked with advancing and evolving the company’s Bazooka Candy Brands portfolio. He will oversee more than 200 global team members in..

Suntory to sell Cerebos and Saxa, Gravox, Fountain brands

April 20, 2017

Japan’s Suntory is looking to offload some of its Australian assets, with the food and instant coffee business of its Cerebos arm put on the market. The sale process is tipped to take six to nine months, with well-known local brands such as Saxa, Gravox..

LDC backs pie maker buyout

April 20, 2017

Private equity house LDC has backed a secondary buyout at the maker of Wall’s sausage rolls and Pork Farms pork pies, providing an exit for former backer Vision Capital. Addo Food Group, previously known as Pork Farms, is headquartered in Nottingham and produces almost 290..

Marques to leave Mondelez as EVP Cofer steps up

April 19, 2017

Mondelez International is shaking up its leadership with the announcement that executive vice president of North America Roberto Marques is leaving his role and Tim Cofer will step in as interim president adding to his current role spearheading the company’s global growth strategy. Mondelez International..

Weetabix to be swallowed by US group in £1.4bn deal

April 18, 2017

One of Britain’s best loved breakfast cereals has been gobbled up by the American ­cereal giant Post Holdings in a £1.4bn deal. The US maker of Golden Crisp and Cocoa Pebbles was tipped as the frontrunner in the race to buy Weetabix last month, and..

Crisis at Croatia’s Agrokor poses threat beyond creditors

April 18, 2017

When Croatia’s food and retail group Agrokor acquired Slovenia’s Mercator, the landmark 2013 deal was supposed to create one of the biggest such businesses in central and eastern Europe, and help rebuild ties in the former Yugoslavia. Instead, the deal helped tip the Croatian group..

Metis Partners puts UK biscuit maker’s brands up for sale

April 18, 2017

Some of the UK’s most popular biscuit brands are being brought to the global market by Metis Partners, the award winning commercial intellectual property consulting firm. Nearly 30 different biscuits were manufactured by Rivington Biscuits, based in Wigan in Lancashire, which was owned by Dutch..