Business Leaders

CCEP claimed growth across almost all categories

Financial roundup

CCEP sales fizz, Heineken toasts growth, Kerry Group revenue up

By Rod Addy

Sparkling drinks drove strong full-year sales growth for Coca-Cola Europacific Partners (CCEP) as markets began to recover from the pandemic, while Taste & Nutrition helped lift Kerry Group's annual performance and Heineken's revenue rose.

Jope: 'We see a bright future ahead for both nutrition and ice cream inside Unilever'

Financial roundup

Unilever and Arla UK brace for commodity cost hit

By Rod Addy

Unilever expects its commodity costs to rise by £3bn in 2022, claiming the price of soybean oil doubled in 2021, while Arla has predicted cost inflation will cause 'a slowdown in branded growth'.

Oghma Partners said trading for 2022 would be 'more challenging'. iStock credit: Natee Meepian

Amount of food deals rockets in 2021

By Rod Addy

The amount of UK food industry mergers and acquisitions (M&A) soared in 2021 to the highest level in more than ten years, according to financial advisory firm Oghma Partners.

Batters and Freer

Long Clawson Dairy hosts meet targeting dairy export growth

By Rod Addy

Specialist Stilton maker Long Clawson Dairy has hosted a meeting between National Farmers Union (NFU) president Minette Batters and minister for exports Mike Freer to discuss unlocking more export opportunities for dairy products.

Bramble's in-house manufacturing division makes preserves, chutneys, sauces and cakes

Bramble Foods secures private equity cash

By Rod Addy

Private equity firm LDC has made a minority investment in fine foods manufacturer and distributor Bramble Foods 'to support its organic and acquisitive growth strategy'.

Food retailers and manufacturers are celebrating Christmas

Financial roundup

Tesco, Hilton, M&S, Bakkavor and Finsbury trading positive

By Rod Addy

Tesco, Hilton Food Group, Marks & Spencer, Finsbury Food Group and Bakkavor have all reported positive sales performance in their latest trading updates, indicating continued recovery from the pandemic.

BHC produces a range of spirits, honey and jams

The British Honey Company to consolidate production

By Rod Addy

Distiller, honey and jam producer The British Honey Company (BHC) has announced plans to close its Worminghall, Buckinghamshire office and distillery and consolidate production, dispatch and research & development at its Market Harborough site.

Just Desserts makes a range of artisanal desserts and cakes, including cheesecakes

Regal Food Products Group acquires Just Desserts

By Rod Addy

Regal Food Products Group Plc, the company behind the Regal Bakery, Regal Foods and Yorkshire Baking Company brands, has acquired premium desserts manufacturer Just Desserts for an undisclosed sum.

Foppen is focused on added-value speciality smoked salmon products

Hilton acquires salmon producer Foppen

By Rod Addy

Multi-protein food business Hilton Food Group has agreed to acquire smoked salmon producer Dutch Seafood Company BV, which trades as Foppen, expanding Hilton's activities into the US market.

AG Barr to buy MOMA Foods

AG Barr to buy MOMA Foods

By Michelle Perrett

AG Barr, the soft drinks company, is to take over the MOMA porridge and plant-based milk business in three years after agreeing an initial 60% equity stake.

Most manufacturing and technical personnel will operate from Treatt's new site in 2022

Ready-to-drink cocktails lift ingredients processor's results

By Michelle Perrett

Treatt, the manufacturer of natural extract and ingredients claims to have ‘successfully navigated’ the pandemic, boosted by the swift evolution of the ready-to-drink canned cocktail market and continued growth in its healthier living categories.

Bunzl has agreed 13 acquisitions so far this year

Chilled and frozen food gel pack firm Hydropac acquired

By Rod Addy

Bunzl plc, the specialist international distribution and services group, has announced the acquisitions of chilled and frozen food gel pack firm Hydropac and industrial clothing specialist Workwear Express.

Hilton Food Group said the deal would offer opportunities in the out-of-home sector

Hilton Food Group announces acquisition of Fairfax Meadow

By Rod Addy

Hilton Food Group, the international multi-protein food business, has, through its subsidiary Hilton Foods, acquired Fairfax Meadow Europe, supplier of meat to UK foodservice customers, from Argent Holdings for £23.8m.

Who will claim trophies on 10 February?

Rich Products, Müller and ABP are among FMEA finalists

By Rod Addy

Rich Products, Müller UK & Ireland and ABP are among the food firms making the final cut in the run-up to the announcement of the winners of the Food Manufacture Excellence Awards (FMEAs). Is your company shortlisted? Read on to find out.

Mackintosh: 'a big investment in our head office'

Foodman Talks

Foodman Talks: Princes boss on food & drink factory investment

By Gwen Ridler

In this exclusive Foodman Talks video, Cameron Mackintosh, managing director of ambient food and drink manufacturer Princes, charts its progress on its mammoth factory investment programme at its Erith, Long Sutton and Cardiff sites.

Morrisons' board has already recommended CD&R's £9.8bn bid (including net debt)

Morrisons board back auction winner CD&R

By Rod Addy

Morrisons supermarket's board has backed a winning £7.1bn bid at auction on 2 October by CD&R, the US private equity outfit advised by former Tesco chief executive Sir Terry Leahy.

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