Unilever has said it will continue to modernise its food portfolio through “innovations and acquisitions” after the company revealed market conditions “remained challenging” in 2017.
Amplify Snack Brands, owner of UK crisp manufacturer Tyrrells, has been acquired by US confectionery giant Hershey, in a deal worth about $1.6bn (£1.2bn).
A gourmet food business that fell into insolvency has been taken over by its current md and the former boss of Ragu and Aunt Bessie’s maker Symingtons.
Bakkavor expects trading conditions to remain “challenging” in the coming months, as it reported revenues up 1.4% to £415.8M for the first quarter ended March 26, 2016.
UK-based ingredients maker Fuerst Day Lawson (FDL) has been taken over by a Dallas-based private equity firm in partnership with current FDL chief executive officer Mac Mardi.
Three food and drink manufacturers have posted positive financial results, with Finsbury Food Group seeing a jump in revenue and Britvic and First Milk reporting profit rises.
Nomad Foods’s acquisition of Findus Group’s continental European business will yield approximately £7M more cost-saving synergies than expected, the firm claimed.
