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£6m Restructuring at Northern Foods

    £6m Restructuring at Northern Foods

UK convenience food manufacturer Northern Foods has announced a new organisational structure to manage the business through two divisions – Branded and Chilled. The Branded division will comprise Goodfella’s Pizza,

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Premier Foods Receives Approaches for Meat Free Business

    Premier Foods Receives Approaches for Meat Free Business

Premier Foods, the UK’s largest domestic food processor, has received approaches that may or may not lead to a sale of its meat free business, including the Quorn brand. The

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Profit Jump at Weetabix

    Profit Jump at Weetabix

Helped by rising sales of cereal bars and retailer own label products, UK breakfast cereals manufacturer Weetabix has increased pre-tax profit by 26% to £97.2m for 2009 on turnover up

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Coca-Cola Enterprises Now Refocused on Europe

    Coca-Cola Enterprises Now Refocused on Europe

Having just completed the disposal of its North American bottling business to The Coca Cola Company, Coca-Cola Enterprises is now focused purely on Europe where it generates annual sales of

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Strong Performance by William Grant & Sons

    Strong Performance by William Grant & Sons

Independent Scotch whisky and spirits distiller William Grant & Sons has increased operating profit by 8.8% to £103.6m on turnover up 40.1% to £838.3m for its 2009 financial year. Pre-tax

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Carlsberg Signs New Credit Facility of €1.75b

    Carlsberg Signs New Credit Facility of €1.75b

Carlsberg Breweries has entered into a new five-year multi-currency revolving credit facility of Eur1.75b. The facility is for general corporate purposes as well as partial refinancing and cancellation of the

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New First Milk Creamery Moves a Step Closer

    New First Milk Creamery Moves a Step Closer

First Milk’s plans to build a state-of-the-art creamery at Campbeltown in Scotland have moved a step forward after Argyll & Bute Council approved a planning proposal for a new Tesco

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Ter Beke and Stefano Toselli to Create Joint Venure in Central and Eastern Europe

Ter Beke, the Belgium-based processed meats and ready meals company, and French pasta manufacturer Stefano Toselli are considering forming a joint venture for supplying pasta and ready meals to Central

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Aryzta Raises €240m to Fund Acquisition

Swiss and international speciality bakery group Aryzta has successfully raised SFr325m (Eur242m) to principally fund the acquisition of the remaining 50% share of its Maidstone Bakery joint venture in North

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European Business News – Week ending October 1, 2010

Famous for its R&D capability and global reach, Nestle is taking a lead in combining food science with that of the pharmaceutical industry. The creation of Nestle Health Science and

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Early Recovery in UK Food and Beverages to Boost M&A Activity

    Early Recovery in UK Food and Beverages to Boost M&A Activity

69% of senior executives at UK-based food and beverage producers expect M&A activity to increase in the next 12 months, according to a report by Grant Thornton UK LLP which

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Muller Increases Stake in Dairy Crest

    Muller Increases Stake in Dairy Crest

Theo Muller, the privately owned German-based dairy group which is also the leader in the UK yoghurt market, has increased its stake in British dairy group Dairy Crest to 3.04%.

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Unilever to Sell UK Ambient Sauce Brands

Unilever is reported to be seeking to dispose of its Ragu and Chicken Tonight ambient sauce brands in the UK and Ireland to trade or private equity buyers. The move

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Finsbury Food Group Shows Resilience

    Finsbury Food Group Shows Resilience

Despite a declining turnover as customers moved away from the premium products that had been its traditional area of strength, Finsbury Food Group managed to deliver growth in key areas,

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Change of Leadership at Campbell

Douglas Conant, will step down as chief executive of Campbell Soup Company next July, at the end of the company’s financial year. Denise Morrison, president of Campbell’s North American soup,

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Pret A Manger Moves to 100% Higher Welfare British Chicken

    Pret A Manger Moves to 100% Higher Welfare British Chicken

Pret A Manger, the UK’s leading independent retailer of premium sandwiches, has become the first UK high street cafe brand to take all of its chicken from higher welfare sources

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Dairy Crest Extends Milk Contract With Morrisons

UK dairy group Dairy Crest has renewed its fresh liquid milk contract with retailer Morrisons through to 2015. “We are delighted to have been awarded this extension to our contract

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Positive First Half Performance by AG Barr

    Positive First Half Performance by AG Barr

British soft drinks group AG Barr has increased turnover by 13.9% to £119.2m in the first half ended July 31st last, as its core brands Irn-Bru, Rubicon and Barr all

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Unilever Acquires Greek Ice Cream Brands

    Unilever Acquires Greek Ice Cream Brands

Unilever is acquiring EVGA’s Greek ice cream brands (including Scandal, Variete and Karabola) and distribution network for an undisclosed amount. EVGA, which helped pioneer the Greek ice cream industry, will

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Greencore Expects 20% Jump in Annual Profit

    Greencore Expects 20% Jump in Annual Profit

Greencore, which is one of the UK’s leading convenience food manufacturers and also has operations in the US, expects group operating profit, excluding exceptional items and amortisation, on continuing businesses

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Lotus Bakeries to Invest Eur27m to Expand Belgian Production Capacity

Due to rising export sales of its biscuits and cakes in France, Netherlands, UK, US and Asia, Lotus Bakeries is investing Eur27m to expand production capacity at its Belgian operations

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Aryzta Well Placed to Benefit From Economic Recovery

    Aryzta Well Placed to Benefit From Economic Recovery

Swiss and international speciality bakery group Aryzta has reported a 2.2% increase in operating profit (including associates and joint ventures)

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Morpol Expands UK Salmon Business

    Morpol Expands UK Salmon Business

Poland-based Morpol, which is one of the world’s leading salmon processors, has expanded its UK operations with the acquisition of

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Nestle to Target New Opportunity in Personalised Health Science Nutrition

    Nestle to Target New Opportunity in Personalised Health Science Nutrition

Nestle is creating Nestle Health Science and the Nestle Institute of Health Sciences to pioneer a new industry between food

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Unilever Strengthens Personal Care Business With $3.7b Acquisition

    Unilever Strengthens Personal Care Business With $3.7b Acquisition

Unilever is strengthening its personal care business by acquiring US-based Alberto Culver Company for $3.7b in cash. Alberto Culver generated

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Chinese Food Group Eyes United Biscuits

    Chinese Food Group Eyes United Biscuits

Chinese food conglomerate Bright Food Group is reported to be holding exclusive talks to acquire United Biscuits, the British and

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UK Food and Drink Exports Deliver Strong First Half Performance

    UK Food and Drink Exports Deliver Strong First Half Performance

UK exports of food and non-alcoholic drinks grew to more than £5b in the first half of 2010 – a

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Heineken Presented With 2010 World Business and Development Award

    Heineken Presented With 2010 World Business and Development Award

Gloabl brewer Heineken has been presented with the 2010 World Business and Development (WBD) Award for its groundbreaking sustainable local

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Dairy Consolidation in Scotland

    Dairy Consolidation in Scotland

Graham’s, Scotland’s leading independent dairy company, is acquiring Claymore Dairies for an undisclosed price. Claymore Dairies was sold earlier this

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Tata Global Beverages Seeking to Diversify into Food

Tata Global Beverages of India, which owns the UK-based Tetley Tea business, is planning to move into food via acquisitions.

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Zetar Completes Refinancing

    Zetar Completes Refinancing

Zetar, the UK confectionery and snack foods group, has completed its refinancing, agreeing new four year bank facilities with HSBC

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Warburtons to Close Welsh Bakery

    Warburtons to Close Welsh Bakery

British baker Warburtons is to close its site in Newport, Wales with the loss of 114 jobs. Acquired by Warburtons

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European Commission to Ban Addition of Sugar to Fruit Juices

    European Commission to Ban Addition of Sugar to Fruit Juices

The Commission has adopted a proposal to amend the Fruit Juice Directive, including a move to ban the addition of

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Roshen Plans New $250 Million Russian Factory

    Roshen Plans New $250 Million Russian Factory

Roshen, the Ukrainian confectionery manufacturer, plans to invest $250m in building a new production complex near by Cosyrevka town in

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Sainsbury Relaunches Taste the Difference Own Brand Range

    Sainsbury Relaunches Taste the Difference Own Brand Range

UK supermarket group Sainsbury has relaunched its premium ‘Taste the Difference’ range of own label food and beverage products. The

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McDonald’s Aims For Bigger Share of UK High Street Coffee Market

    McDonald’s Aims For Bigger Share of UK High Street Coffee Market

In response to rising coffee sales, McDonald’s is extending its freshly-ground coffee range with the addition of sustainably-sourced Espresso. The

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Nestle to Invest in R&D Centre in India

    Nestle to Invest in R&D Centre in India

Nestle is investing SFr50m (Eur38m) to establish its first R&D Centre in India. The facility will be built in Manesar,

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Interim Loss at The Real Good Food Company

The Real Good Food Company, the UK sugar, ingredients and bakery group, has reported a loss before tax of £1.298m,

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European Business News – Week ending September 24, 2010

Two of the UK’s three largest grocer retailers announced revamps of their own label food ranges in the past week. Asda’s

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FrieslandCampina to Supply Green Energy From Dairy Farms

    FrieslandCampina to Supply Green Energy From Dairy Farms

Dutch and the international dairy co-operative FrieslandCampina has entered into a collaboration agreement with energy supplier Essent for the production

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Molson Coors Expands in China

    Molson Coors Expands in China

In line with its strategy of increasing its exposure to emerging beer markets, Molson Coors Brewing Company has completed its

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Asda Relaunches £8 Billion Own Label Food Range

    Asda Relaunches £8 Billion Own Label Food Range

Asda, the UK’s second biggest-supermarket group, has relaunched its entire range of more than 3,500 own label food products and

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Consolidation in UK Vending Machines Market

SnackTime, one of the UK’s largest national operators of snack and chilled drink vending machines, has acquired Vendia UK for

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Emmi Strengthens Domestic Swiss Business

    Emmi Strengthens Domestic Swiss Business

Swiss dairy company Emmi has joined forces with MIBA, a group of milk producers in north-western Switzerland, to invest SFr2m

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Sudzucker Projects Higher Sales and Profits

    Sudzucker Projects Higher Sales and Profits

German-based Sudzucker, which is Europe’s largest sugar group, has reported a 57% increase in operating profit to Eur282m on sales

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Chinese Dragon Giving the EU an Upset Stomach

    Chinese Dragon Giving the EU an Upset Stomach

Businesses in the EU involved with importing or selling food and beverage products from China are walking, often blindly, into

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Ed Haas Opens Hungarian Confectionery Plant

Ed Haas, the Austrian confectionery manufacturer, has commenced production in a 6,000 sq m plant at Janossomorja in Hungary. Employing

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Stake in Seafood Holdings For Sale

    Stake in Seafood Holdings For Sale

Private equity firm Risk Capital Partners is reported to be looking to sell its 24% stake in Seafood Holdings, a

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Eckes-Granini Continues International Expansion

    Eckes-Granini Continues International Expansion

German beverages producer Eckes-Granini Group is planning a fruit juices joint venture with Turkish firm Yildiz Holding. Eckes-Granini is one

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Northern Ireland Meat Companies Look to Growth in Global Markets

    Northern Ireland Meat Companies Look to Growth in Global Markets

Northern Ireland’s £1.5 billion meat industry must work on strategies that will reduce costs and increase its ability to exploit

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Decline in UK On-trade Continues to Benefit Off-trade

    Decline in UK On-trade Continues to Benefit Off-trade

Over the past year value has declined in the UK on-trade across most categories yet value has grown in the

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European Business News – Week ending September 17, 2010

Attention returned to the UK dairy sector last week following a surprise profits warning by fresh liquid milk specialist Robert

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Premiumisation in UK Grocery Market Puts Pressure on Asda

    Premiumisation in UK Grocery Market Puts Pressure on Asda

The latest grocery market figures from Kantar Worldpanel, for the 12 weeks ending 5th September 2010 show respectable growth in

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