Food & Drink

Poultry firm LDC and Saudi Al-Munajem to acquire Doux assets

May 21, 2018

LDC, France’s largest poultry processor, and Saudi food group Al-Munajem will acquire production sites of Brittany-based Doux, a French court decided on Friday, safeguarding most of the nearly 1,200 jobs at the insolvent firm. Poultry firm Doux has struggled to compete against cheaper Brazilian chicken..

Premium snack business bought by Hula Hoops maker

May 18, 2018

A premium snack business headquartered in the West Midlands has been bought by the maker of Hula Hoops for an undisclosed sum. Founded in 2002 and located in Leominster, Herefordshire, Tyrrells is behind brands such as Tyrrells Potato Crisps and Tyrrells Poshcorn. The business, which..

2 Sisters Food Group appoints Ronald Kers as its new CEO

May 18, 2018

UK-based meat producer 2 Sisters Food Group has appointed Ronald Kers as its new CEO, effective from 1 June 2018. Kers formerly served as the global CEO of Müller, and he brings with him more than two decades of experience at global FMCG companies including..

Garrett Lofto to lead the J.R. Simplot Co.

May 17, 2018

Garrett Lofto has been named president and chief executive officer of the J.R. Simplot Co. He will succeed Bill Whitacre, who announced his retirement in April, on Sept. 1. Mr. Lofto has been president of the company’s Agribusiness group since 2009. He has been with..

Kellogg closes operations in Venezuela amid country’s ‘deterioration’

May 16, 2018

Kellogg Co., citing the “deterioration” of a country in the midst of an economic meltdown, said Tuesday it was closing operations that employed 400 workers and produced the majority of the breakfast cereal consumed by Venezuelans. “The current economic and social deterioration in the country..

Givaudan completes acquisition of Nutrition Division of Centroflora

May 16, 2018

Givaudan has announced it has completed the acquisition of the Nutrition Division of Centroflora Group (Centroflora Nutra), a world player in natural extracts. Centroflora Nutra manufactures botanical extracts and dehydrated fruits for the food and beverage industry. Located in Botucatu, Brazil, Centroflora Nutra employs 116..

EU sugar exports may have already peaked -Suedzucker

May 15, 2018

European Union exports of sugar since the region abolished production limits may have already hit their peak, as global supplies swell in other key regions, said an executive with Europe’s largest producer Suedzucker AG. EU exports will total about 1.4-2.4 million tonnes in 2018/19, down..

General Mills elects Maria Sastre to Board of Directors

May 15, 2018

General Mills has announced the election of Maria Sastre to its board of directors effective June 1, 2018. Sastre was most recently President and Chief Operating Officer of Signature Flight Support, the largest operating business of UK-based BBA Aviation company, where she was responsible for..

Arla Chairman Åke Hantoft set to retire in July

May 15, 2018

Further to the announcement of his intention to retire, made on December 1st 2017, the Chairman of Arla Foods amba, Åke Hantoft, has announced that he has agreed the sale of his dairy farm in Ösarp, Sweden. The sale will be completed on July 2nd..

Salty snacks producer finds new owner

May 15, 2018

MAW Acquisitions LP, which is made up of former owners of Snyder’s-Lance, Inc., has acquired G&S Foods/Tastysnack Quality Foods, Inc., from owners Steve Garvick and Dale Spahr, working with Maryland-based SC&H Capital. Financial terms of the transaction were not disclosed. Established in York County, Pa.,..