Sector News

Bonduelle buys a new factory in Canada

October 3, 2014
Consumer Packaged Goods
Bonduelle is present in 100 countries and has 500 vegetables, yet their results were perturbed by both fine and unfavourable exchange rates.  However their dynamic remains good and they have bought a factory in Cananda.
 
Bonduelle’s turnover has increased +1.3% over their 2013-14 exercise.  Their operating income has decreased -2.8% (+3.5% at constant exchange rates). Their net profit has decreased by 70% to €15.2 million because the group had to pay a €30 million fine.  The European Commission, competition watchdogs, estimated that their was an arrangement with other groups on canned mushroom prices.  If it weren’t for such events, Bonduelle’s profit would have reached €51.3 million (compared to €52.1 million last year).  It should be noted that despite the bleak economical context in Europe, the group has achieved a 1.5% sales growth.  
 
The group aim for a growth in their current operating income in 2014-2015 from +3 to +6% between €106-€109 million.  
 
Bonduelle announced their project to buy a frozen vegetable company in Alberta, West Canada.  With it’s 15,000 ton capacity, the site will reinforce the groups presence in North America. They already own 7 factories in Canada and 3 in the USA.  The value of the transaction, which will be finalised before the 1st November, remains a secret.  
 
Source: FreshPlaza

comments closed

Related News

November 26, 2023

The future of alt-dairy: Givaudan harnesses digital technologies to customize flavor profiles and predict trends

Consumer Packaged Goods

Consumer behaviors and preferences are evolving rapidly. With macro shifts in society, inflation and food supply challenges set to profoundly influence how people consume food and beverages, Givaudan is exploring what the world of dairy alternatives will look like in the coming decade.

November 26, 2023

Arla Foods Ingredients CEO Henrik Andersen to step down

Consumer Packaged Goods

After nearly three decades with AFI, Andersen is leaving to pursue a different career path “to work on diverse projects and explore opportunities to serve as board member”. Serving as CEO since 2010, Andersen joined AFI in 1994, initially overseeing applications and R&D. Over the years, he has maintained a strong focus on the whey business.

November 26, 2023

Kraft Heinz appoints five new members to executive leadership team

Consumer Packaged Goods

The Kraft Heinz Company has introduced five new members to its executive leadership team, who will collaborate with Carlos Abrams-Rivera upon assuming the CEO role in 2024. Pedro Navio will assume the position of North America president at the beginning of next year. In addition, Willem Brandt, Bruno Keller, Cory Onell and Diana Frost will join Abrams-Rivera and Navio on the executive leadership team.

How can we help you?

We're easy to reach