McCormick & Co., days after dropping its interest in Premier Foods, this week announced a smaller acquisition, buying Botanical Food Co., an Australia-based maker of chilled herbs – and we expect more M&A to follow from the US spices giant. Elsewhere, Saudi food group Almarai revealed it is looking to take control of the UAE’s National Food Products Co. Danone published its first-quarter sales and claimed it was making progress towards its goal of accelerating its annual sales growth by 2020. And we interviewed Ireland’s BFree Foods, which believes its recipes will help it grow in a crowded free-from sector.
McCormick acquires Australian herb maker Botanical Food Co.
US spice and condiments maker McCormick & Co. has acquired Australian chilled herb manufacturer Botanical Food Co., the owner of the Gourmet Garden brand, in a A$150m (US$114m) deal.
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Click here for why it is likely McCormick will strike more deals in the coming months.
Almarai confirms interest in National Food Products Co.
Saudi Arabian dairy firm Almarai has confirmed it is interested in acquiring a “controlling stake” in the UAE’s National Food Products Co. (NFPC).
Danone winning “key battles” en route to 2020 aims – analysis
Danone insisted this morning (19 April) it is winning “key battles” in its bid to raise its sales and earnings trajectories by 2020. The French food maker flagged higher sales from its US dairy business in the first quarter of this year and predicted ongoing improvements from its European dairy operations. Danone also insisted the fundamentals of its Chinese infant nutrition business are solid despite recent challenges. Katy Askew reports.
Hovis names Nish Kankiwala third CEO in 18 months
Hovis Ltd, the UK bakery group, has named executive chairman Nish Kankiwala its new CEO after Martyn Wilks decided to leave the business after a year in the role.
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