Food & Drink

Tate & Lyle in search of growth opportunities

November 15, 2018

Tate & Lyle, P.L.C. achieved sales volume growth over the first half of the fiscal year in a tough North American market, one that has the London-based company raising prices. “Our volume in North America itself was up a strong 3%, and that is despite..

South Korea’s CJ Cheiljedang to buy US firm Schwan’s for $1.84bn

November 15, 2018

South Korean food manufacturer CJ Cheiljedang has said it will buy US frozen food firm Schwan’s for around $1.84 billion as it continues to expand overseas. CJ Cheiljedang will acquire 80% of Schwan’s, in what represents the largest foreign merger and acquisition deal carried out..

50 jobs to be created at Evron Foods after US firm acquires ‘significant stake’

November 14, 2018

Up to 50 jobs could be created at a leading Craigavon bakery after a US firm acquired a ‘significant stake’ in the business. Evron Foods Group is poised for a major expansion after confirmation Oklahoma- based Bama Companies Inc has agreed a undisclosed deal to..

Marine Harvest plans to change its name to Mowi as of next year

November 14, 2018

Salmon farming company Marine Harvest has announced plans to change its name to Mowi, as the company was originally called. The proposed name change is subject to shareholders’ approval, and the firm has summoned an extraordinary general assembly to resolve the name change with effect..

Brazil’s BRF turnaround will take at least 2 years -CEO

November 13, 2018

Investors will not see the results of a turnaround in Brazil’s BRF SA, the world’s largest poultry exporter, in the short term, the company’s chief executive officer Pedro Parente told Reuters on Monday. “Realistically, it will not happen in less than two years,” Parente said..

Premier Foods CEO Gavin Darby to step down

November 13, 2018

Premier Foods Chief Executive Gavin Darby is stepping down, four months after he survived a shareholder revolt to oust him from the top job. The company also said it was working to identify strategic opportunities to speed up its turnaround and was in talks with..

Diageo to sell 19 brands to U.S.-based Sazerac for $550 million

November 12, 2018

Diageo Plc is selling 19 lower-end spirits brands including Seagrams VO Canadian whisky and Goldschlager cinnamon schnapps to U.S.-based Sazerac for $550 million, as it focuses on its premium labels such as Johnnie Walker in the United States. The divestiture is the latest move from..

Amber Beverage Group agrees to acquire Permalko

November 12, 2018

Amber Beverage Group (ABG) has agreed to acquire Russian spirits producer Permalko for an undisclosed sum. According to ABG, Permalko is one of the top 20 vodka and spirits producers in the country, and ABG says that the acquisition will significantly enhance its efforts to..

Freedom Foods signs deal with Alibaba to sell cereal in China

November 9, 2018

Australian firm Freedom Foods will form a joint venture with Alibaba-owned Theland New Cloud Digimart to sell the Arnold’s Farm range of cereals and snacks in China. After an initial set-up period, Theland and Freedom will establish a China-based company to develop and market the..

Teen trends: A ‘real desire’ to know more about how food is produced

November 8, 2018

Younger generations are our future – and understanding how they connect with food will inform future industry trends. > View the full article on the Food Navigator site By Katy Askew Source: Food Navigator