Finance

Couch: 'We continue to invest in the long-term sustainability of our business'

Cranswick acquisitions offer more growth in non-meat

By Michelle Perrett

Meat processor Cranswick has revealed the acquisition of plant-based Ramona’s Kitchen and Atlantica UK has created 'exciting opportunities' for further growth in its rapidly expanding Continental Products business.

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.

AMP: metal cans are the most recycled drinks packaging in the world

Ardagh Metal Packaging to build $200m NI can plant

By Rod Addy

Ardagh Metal Packaging (AMP) has announced plans to build a $200m drinks can plant near Belfast in Northern Ireland, creating many full-time jobs for engineers, technicians and other roles.

Artists impression of what the Edinburgh brewery will look like

Innis & Gunn gets approval to build Edinburgh brewery

By Rod Addy

Innis & Gunn has secured planning permission to build a brewery at Heriot-Watt University’s Research Park from The City of Edinburgh Council - the first major brewery in Edinburgh for more than 150 years.

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.

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.

Lill: 'Committed to continuing to invest'

BBF agrees to acquire Sargents Bakeries

By Rod Addy

BBF Limited has agreed to acquire Sargents Bakeries Limited, which makes sweet pies, tarts and sundaes for an undisclosed sum, creating a combined business with a turnover of almost £200m, employing 1,700 people.

Morrisons is embroiled in a bidding war

Morrisons pension trustees turn up heat in bidding war

By Rod Addy

Morrisons's pension scheme trustees have intensified the bidding war for the UK supermarket chain by highlighting £800m needed to support employee pensions in addition to the terms of any current offer.

Lolay: 'Disruptions to supply chains and shortages of labour'

Food and drink output plunges

By Rod Addy

Food and drink sector output fell at the fastest pace in eight months as staff shortages, driven partly by large numbers of workers self-isolating, restricted production capacity, according to Lloyds Bank UK Recovery Tracker.

Simtom Foods's factory is based at Merry Lees Industrial Estate in Leicestershire

World foods supplier Simtom Food Products in administration

By Rod Addy

Simtom Food Products Limited, the family-owned ethnic condiments manufacturer, has entered administration citing the impact of the pandemic and labour shortages, after making most of its 60-strong permanent workforce redundant.

NWFE's brands include Wild West and Cruga

Valeo agrees to acquire meat snacks group NWFE

By Rod Addy

Valeo Foods Group - owner of Rowse Honey, Kettle crisps and Jacob's biscuits - has agreed to acquire meat snacks producer New World Foods Europe (NWFE) from Australia-based entrepreneur Tony Quinn.

The decision to move Lactofree production to the UK was in response to demand rocketing for free-from dairy products

Arla details Settle factory development in Lactofree move

By Rod Addy

Arla Foods UK has confirmed the creation of production, warehouse management and quality control jobs and investment in processing equipment, filling lines and packaging facilities at its Settle factory as it begins Lactofree milk production.

Bakkavor's salad sales were still behind 2019 levels, but a recovery in food-to-go still drove a strong sales performance

Bakkavor trading 'ahead of 2019' except for salads

By Rod Addy

Bakkavor, the fresh prepared food manufacturer, has reported second quarter trading ahead of 2019, although sales of salads had been hit by COVID-19 restrictions and mixed weather.

The newly merged business will process about 500m litres of British Red Tractor farm assured milk

Freshways Dairy and Medina Dairy merge

By Rod Addy

Freshways Dairy and Medina Dairy have announced a merger to create a more sustainable, scaled up business called Medina Freshways Ltd.

Typhoo processes its branded and own label teas in the UK

Typhoo Tea acquired by Zetland Capital

By Rod Addy

Typhoo Tea Ltd, maker of brands such as Lift and Heath & Heather has been acquired by private equity firm Zetland Capital, enabling it to invest in production and boost jobs.

Morrisons's board has unanimously agreed to the terms of the £9.5bn takeover led by Fortress

Morrisons takeover: retailer could face bidding war

By Gwen Ridler

Morrisons faces a potential bidding war after Apollo Global Management announced it was considering a bid following the retailer's announcement that it had approved an offer led by US-based Fortress Investment Group.

Coca-Cola GB is rolling out 100% rPET on all its on-the-go bottles from September

The Complete Package

The Complete Package: June packaging trends

By Rod Addy

Coca-Cola GB's roll out of fully recycled rPET across on-the-go bottles, a water bottle that reminds consumers to keep drinking and Graphic Packaging's new dual-ovenable tray all feature among the latest packaging trends.

A worker at Len Wright Salads

Food manufacturers adopt industry 4.0 via Made Smarter

By Rod Addy

Potato producer Fylde Fresh and Fabulous, chocolate manufacturer Ye Olde Friars and cake and pudding maker Classic Desserts are among the latest businesses to sign up to the north west Made Smarter Adoption programme.

SMEs in all sectors are struggling financially

Surge in food SMEs in significant financial distress

By Rod Addy

The amount of small and medium-sized enterprises (SMEs) in food and drink manufacturing in significant financial distress has risen by 35%, comparing the first quarter of 2020 with the first quarter of 2021.

Gü recently expanded into fast-growing categories such as free-from

Noble Foods agrees Gü acquisition by Exponent

By Rod Addy

Noble Foods has agreed to sell top premium chilled desserts brand Gü to Exponent for an undisclosed sum, as the private equity group claims the brand has significant global potential.