The Unite union has again urged Unilever to give urgent assurances over the future of its 200 spreads and margarines staff, following its April decision to sell the business.
Mergers and acquisitions (M&A) activity reached its highest level in six years in the last quarter amongst UK manufacturing firms, a report from Experian Corpfin and law firm Irwin Mitchell claims.
Premier Foods’ plans to sell its troubled Hovis plant bakery business should become clearer over the coming months, as news emerged towards the end of last year that a shortlist of three candidates were interested in buying or investing in the business.
Premier Foods may have to settle for a joint venture (jv) partner for its troubled Hovis bread business if it fails to secure an outright buyer, as it tries to reduce its mountain of debt and avoid the prospects breaching banking covenants.
BBC TV Apprentice finalist Nick Holzherr officially launched his ‘Whisk’ food app business today (January 7), which has integrated the online delivery systems of Tesco and Waitrose.
Growth in the food and drink industry will be driven by further mergers and acquisitions, reveals a survey of private equity and corporate firms in the UK and Ireland conducted by financial advisor Grant Thornton.
There were some sizeable deals in the food sector in 2010, from the Kraft-Cadbury takeover at the start of the year to Pepsi’s acquisition of Russian dairy and juice giant Wimm‐Bill‐Dann at the tail end.
PoleStar Foods forged out of the purchase of Heinz UK's frozen desserts wing aims to use its leadership team's broad experience to build its retail and foodservice businesses.