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Inside food & drink manufacturing

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Food and drink acquisitions in the year so far

The food and drink manufacturing sector has seen a series of high profile mergers and acquisitions this year. We capture the top deals in photos.

Tate & Lyle gains from weak pound in 85% profit rise

Ingredients manufacturer Tate & Lyle reported an 85% rise in profit before tax in its full-year results, reflecting the weak value of sterling and an “excellent commercial and manufacturing performance”, it...

Lomond buys food distribution business

Lomond – owner of bakery Cake – has acquired wholesale food distribution business Hall’s Direct, in a deal that will boost Lomond’s annual turnover to more than £30M.

Dunbia and Dawn Meats agree joint venture

Meat processors Dunbia and Dawn Meats have entered into a joint venture, combining the UK operations of both organisations, it was revealed this week (May 24).

Marks & Spencer’s profits dip as food sales fall

Marks & Spencer’s (M&S’s) £312.4M fall in profits in the year ending April 1 2017 exceeded market expectations, according to market analysts, as like-for-like food sales for the retailer fell....

Britvic sales up 11.5% after carbonates boost

Britvic has reported an 11.5% rise in sales to £756.3M in its first-half interim results, driven by a £3.5M boost in British carbonates sales.

Crisp manufacturer wins £100k investment

Crisp manufacturer Fairfields Farm has won a £99,978 grant from the European Agricultural Fund for Rural Development (EAFRD), to assist with continued expansion.

Greencore revenue up 46.1% after food-to-go boost

Convenience food manufacturer Greencore reported a 46.1% rise in group revenue to £1.01bn in its interim results, boosted by strong growth in its food-to-go offering, and the acquisition of US...

Cranswick’s £228.8M sales boost after acquisitions

Cranswick has posted a £228.8M rise in sales for the year ending March 31 2017, boosted by the acquisitions of Crown Chicken and Dunbia Ballymena last year.  

2 Sisters invests £250k in festive pudding site

2 Sisters Food Group will invest £250,000 in its Christmas pudding manufacturer Matthew Walker, creating 45 new jobs at its Heanor, Derbyshire factory.

Ice cream maker in £700,000 deal to supply Sainsbury

Ice cream manufacturer Mackie’s of Scotland has secured a £700,000 deal with Sainsbury to supply it with honeycomb-flavoured ice cream.

Dairy Crest posts £2.9M profit growth

Dairy Crest has posted a £2.9M rise in adjusted profits to £60.6M in its first full tax year since selling its dairies business, while sales for the company fell.

Marston’s acquires Charles Wells brewery in £55M deal

Marston’s has agreed to acquire the brewing business of Charles Wells Group in a deal worth £55M, which will see the brewer expand its presence in the UK.

Greggs sales rise 7.5% as it concludes job cut talks

High street baker Greggs has reported an increase in total sales of 7.5% in the first 19 weeks of the year, and confirmed the completion of staff talks to ‘cut...

Weetabix's sale could just be the start

Weetabix’s sale for £1.4bn ($1.76bn) to US firm Post Holdings by its owner Shanghai-based Bright Food, was the biggest UK food sector deal to emerge last month. 

Moy Park poultry sales boost revenue by 6.6%

Meat processor Moy Park reported a 6.6% rise in revenue to £370.4M in first-quarter trading, boosted by fresh poultry sales.

Finnebrogue signs £2M sausage contract with Asda

Meat processor Finnebrogue Artisan has secured a £2M deal with Asda to supply the supermarket with premium own-label sausages.

Whitworths agrees merger with wholesaler Anatolia

Dried fruit, nut and seed supplier Whitworths has completed a merger with Turkish dried fruit and nut wholesale exporter Anatolia.

Premier focuses on cost efficiency as profit falls

Premier Foods reported a 9.3% drop in underlying profit to £117M in its full-year trading update, as the business vowed to focus on cost efficiency and revenue growth.

Survey: what does Brexit hold for UK food and drink?

The confidence of UK food and drink manufacture is under the spotlight in this year’s Food Manufacture Group state-of-the-industry survey.

Arla signs exclusive three-year deal with Morrisons

Dairy co-operative Arla Foods has agreed an exclusive three-year deal with Morrisons, to supply the supermarket with own-label milk. 

2 Sisters invests £10M in ready meals factory

2 Sisters Food Group has invested a total of £10M in its prepared meals facility in south Wales, as the manufacturer steps up production of Chinese food.

Manufacturers ‘inspire Britain’ in new report

Food and drink manufacturers have been recognised in a new report naming the most inspirational and fastest growing small and medium-sized enterprises (SMEs) in Britain.

Cranswick ‘invests £4M to boost production’

Meat firm Cranswick is investing £4M in its County Antrim facility, in a bid to boost productivity, according to media reports.

Icelandic Seachill accepts Seagold offer for factory

Icelandic Seachill has accepted an offer from frozen seafood processor Seagold to buy one of its vacant facilities in Grimsby, in a deal that would create jobs.

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