News

  • 3 November 2011

    Kraft Foods reports rise in Q3 profits

    American snack food company Kraft Foods has reported that its profit jumped 22.3% to $922m for the third quarter of 2011 - compared with $754m year-on-year - as a result...

  • 3 November 2011

    Industrias Bachoco acquires US poultry processor

    Industrias Bachoco, a Mexico-based producer and processor of poultry and other food products, has completed the acquisition of US-based poultry company OK Industries in a $95m all-cash deal.

  • 3 November 2011

    Lion Capital to sell UK seafood brands

    Private equity firm Lion Capital plans to sell its UK seafood brands Young's and the Seafood Company in an effort to reduce its debts.

  • 2 November 2011

    Pringles sale delayed until 2012

    US-based consumer goods company Procter & Gamble has announced that the sale of its snacks brand Pringles has been delayed to allow buyer Diamond Foods to complete an accountancy investigation...

  • 2 November 2011

    Fresh Del Monte reports decline in Q3 net income

    Fresh Del Monte Produce, a US-based fruit and vegetable producer, has reported a net income decline of 16% to $12.2m for the third quarter that ended 30 September 2011, compared...

  • 2 November 2011

    Olam International acquires VKL spice business

    Singapore-based supplier of agri and food commodities Olam International has acquired the bulk spices and private label assets and businesses of Vallabhdas Kanji (VKL), an India-based processor of spice and...

  • 1 November 2011

    Ferrero to establish new plant in Turkey

    Italian confectionery group Ferrero is setting up a 146,000m² plant in the province of Manisa, Turkey, with an investment of €90m ($126.11m).

  • 1 November 2011

    Lerøy Seafood to acquire stake in Rode

    Norway-based Lerøy Seafood Group (LSG) has entered an agreement to buy 50.1% of shares in Rode Beheer, a leading producer of processed seafood in the Netherlands, in a deal worth...

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