The US food sector saw another major takeover this week with Pinnacle Foods agreeing to pay US$975m for free-from group Boulder Brands. The country could soon see another, with Thai Union Group saying there are “serious” buyers lined up for Chicken of the Sea – a business it is willing to sell to secure another US asset, Bumble Bee Foods. And, ahead of the climate change talks in Paris next week, Unilever announced plans for its operations to be “carbon positive” in 15 years.
Pinnacle to buy Boulder Brands in $975m deal
Pinnacle Foods has announced a deal to buy fellow US food group Boulder Brands for US$975m.
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Thai Union says “serious” suitors lined up for Chicken of the Sea
Thai Union Group has said companies have been lined up to buy US asset Chicken of the Sea should the Thai group’s move to acquire another canned seafood business in the country, Bumble Bee Foods, goes through.
Unilever sets 2030 carbon positive goal
Unilever has announced a deadline of 2030 to become carbon positive in its operations.
Nestle responds to forced labour in Thai seafood supply
Nestle has issued an action plan to tackle forced labour and other human rights abuses in its supply of seafood from Thailand.
Stevia gets clearance for use in India
Food and drink products on sale in India can contain high-intensity sweetener stevia after the country’s regulator approved the use of the ingredient.
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By GlobalDataMaple Leaf Foods to cut over 400 jobs
Canadian meat processor Maple Leaf Foods has announced 400 jobs will go as it “streamlines” the business.
Hovis plans job cuts amid concerns over UK bread demand
Hovis Ltd, the UK bread maker, has set out plans to cut over 100 jobs in the face of falling demand in the country.
Britannia Industries to open R&D centre
Britannia Industries, the Indian food group, is setting up a new research and development centre to fuel moves into new categories.
Cerealto acquires Mexican biscuit factory
Cerealto, the international business of Spanish food firm Grupo Siro, has acquired a factory from Mexican biscuit maker Marian.
How Greencore’s food-to-go focus is paying dividends – analysis
Prioritising its food-to-go operations in the UK and the US has led Greencore to report higher annual sales and earnings. And the Ireland-based private-label supplier is looking to further build that side of its business in the year ahead.
