Food & Drink

Nature’s Bounty acquires Best Bar

January 22, 2018

The Nature’s Bounty company added a nutrition bar to its lineup of sports and nutrition products, acquiring The Best Bar Ever. “Consumers are increasingly looking for convenient and great-tasting nutrition bars – and this brand was designed by its founders right in line with that..

Fonterra extremely disappointed with Beingmate’s financial losses

January 22, 2018

Fonterra said it is “extremely disappointed” by the announcement that China’s Beingmate Baby & Child Food – which it owns an 18.8% share in – issued a forecast earnings downgrade to an estimated loss of between CNY 800 million ($125 million ) and CNY 1..

ADM pursues big ag merger with grain trader Bunge: source

January 22, 2018

Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc. Large grain traders that make money by buying, selling, storing..

Ebro take 70% stake in Bertagni

January 19, 2018

Following its strategy to become a worldwide reference in premium food, Ebro Foods, S.A., through its 100% subsidiary Panzani, S.A.S., and Pastificio Lucio Garofalo SpA, has reached a binding agreement for the purchase of a majority shareholding (70%) in the Italian company Bertagni 1882 SpA…

Aurora Organic Dairy names Scott McGinty as CEO

January 18, 2018

Aurora Organic Dairy announced today that Founder, Marc Peperzak, has assumed a new role as Executive Chairman and Scott McGinty has been named CEO for the company. Mr. McGinty brings 20 years of direct category experience and many varied perspectives to the role as CEO…

Nomad Foods to acquire Goodfella’s Pizza

January 18, 2018

Nomad Foods Limited announced today that it has entered into an agreement to acquire Green Isle Foods Ltd. from a subsidiary of Boparan Holdings Ltd. for approximately €225 million on a debt free, cash free basis. Goodfella’s Pizza manufactures and distributes a portfolio of leading..

Pernod Ricard acquires remaining stake in tequila brand Avión

January 17, 2018

Pernod Ricard has acquired the remaining stake in tequila brand Avión, three and a half years after paying $100 million to take majority control. Avión produces several small batch, ultra-premium tequilas in eye-catching packaging. The top-up to Pernod Ricard’s original stake comes seven months after..

Blue Harvest brings in former High Liner top exec Decker as CEO

January 17, 2018

Keith Decker, the former CEO of High Liner Foods, is the new top executive of US scallop and whitefish supplier Blue Harvest Foods, according to a statement from the company. This means industry veteran Jeff Davis is stepping down as CEO and from day-to-day operations..

Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion

January 17, 2018

Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider’s first big sale and a small step on its path towards healthier products. Nestle, the world’s biggest packaged-food company,..

New CEO named at Samworth Brothers

January 16, 2018

Leicestershire-headquartered food giant Samworth Brothers, which makes Ginsters pasties and Soreen malt loaf, has appointed a new chief executive. Flor Healy has taken over the role having had the same job at Kerry Foods for the last 14 years. The appointment comes after Alex Knight..