US group ConAgra Foods, fresh from agreeing to sell the bulk of its own-label business, set out plans to split its remaining operations in two. Staying in the US, Glanbia struck a deal to buy protein foods maker ThinkThin, while local distributor Pompeian Group is to merge with Spanish olive oil co-op DCOOP. Olive oil was under scrutiny in Italy, where a clutch of products face a regulatory investigation over claims products are being mis-sold as extra virgin olive oil.
ConAgra Foods to split into two
ConAgra Foods has announced plans to split its business into two independent companies.
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Glanbia to buy US protein bar business ThinkThin
Glanbia, the Ireland-based dairy and sports nutrition group, has struck a deal to acquire US protein bar maker ThinkThin for US$217m.
DCOOP, Pompeian merger to form “global leader” in olive oil
Spanish olive oil co-operative DCOOP Group and US distributor Pompeian Group are merging their businesses in a more the companies claimed will create a “global leader” in the olive oil sector.
Olive oil producers face probe in Italy
The owners of nine olive oil products on sale in Italy are set to face an investigation from the country’s competition watchdog into claims products marketed as extra virgin are being mis-sold.
US FDA approves genetically engineered salmon
The US Food and Drug Administration granted its first approval for a genetically engineered animal destined for human consumption when it approved AquaBounty Technologies’ AquAdvantage salmon for sale and consumption in the country.
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By GlobalDataHow Danone aims to meet its 2020 objective – analysis
Danone outlined plans to raise its sales and earnings performance through to 2020 in an investor meeting held earlier this week. The company said it would lift its sales trajectory to 5%-plus over the next five years but – significantly – Danone stressed it believed it could achieve that target while expanding margins. The Activia maker plans to look at two key areas to drive growth: delivering enhanced nutritional solutions and expanding further in the “new frontier” of Africa. Katy Askew reports.
More jobs go at Fonterra
Dairy giant Fonterra, which has been cutting jobs in a bid to generate savings and improve its performance, has made a further wave of redundancies.
Tiger Brands mulling options for struggling Nigeria arm
South African food group Tiger Brands has pulled funding from its Nigerian arm and is mulling options for its share in the business.
WhiteWave Foods creates COO role in management rejig
WhiteWave Foods has set up the position of chief operating officer as part of a handful of changes among the US food and beverage group’s senior management.
TreeHouse to close Bay Valley Foods plant in California
TreeHouse Foods has announced it is closing its Bay Valley Foods plant in California.
