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News of foods business
dairy prices to soften, says glanbia
kerry ups target for volume growth
irish dairy board appoints toal as adams foods ceo
biscuit maker said to be in merger talks with valeo foods
lion nathan national foods changes name to lion
takeover panel issues boparan with northern bid deadline
kraft defends cadbury swiss switch
itc quarterly net turnover up 16.3%
hindustan unilever 2q net profit rises 32%
the highlights on just-food this week
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dairy prices to soften, says glanbia

... revenue in the dairy ireland business jumped by 30 per cent to €705 ... however, glanbia said the environment remained challenging for its irish consumer foods business, expects it to persist over the second half of the year more

 Source : foodanddrinkeurope.com   Date : 24 August 2011   Category : food industries Economic
kerry ups target for volume growth

... “we expect to achieve like-for-like volume growth of 3% to 5% per annum on a group-wide basis, with our ingredients and flavours businesses targeting 4% to 6% lfl growth (10% in emerging markets) and kerry foods, the group’s consumer foods business, targeting 2% to 3% lfl growth,” chief executive stan mccarthy said ... kerry’s consumer foods business focuses on the mature markets of the uk and ireland but the company still saw opportunities for growth in these countries, the spokesman explained ... “the growth opportunities in the uk and irish consumer foods markets are limited but, having said that, we are targeting 2-3% like-for-like growth more

 Source : ausfoodnews.com.au   Date : 30 June 2011   Category : restaurants and Food industrie
irish dairy board appoints toal as adams foods ceo

... the irish dairy board (idb) has appointed ian toal as ceo uk consumer foods arm adams foods ... toal, managing director of iaws foods uk, a subsidiary of swiss baker aryzta, is expected to take up the position later this summer ... he will be responsible for an adams foods business that includes its branded range of dairy products under the kerrygold and pilgrims choice brands and its cheese pre-packaging facilities in the uk ... toal joined aryzta in 2008 and held roles as managing director of delice de france, managing director of cuisine de france and latterly managing director of iaws foods uk ... idb chief executive kevin lane said: "adams foods has an excellent team, strong brands and operates state-of-the art facilities more

 Source : just-food.com   Date : 17 June 2011   Category : restaurants and Food industrie
biscuit maker said to be in merger talks with valeo foods

... irish biscuit maker jacob fruitfield is reported to be in negotiations with valeo foods about a merger to create a foods business with a turnover of €300m, according to media reports ... the talks have been going on for several months and are close to completion, reports the sunday business post ... jacob fruitfield has instantly recognisable iconic biscuit brands such as kimberley, mikado and fig rolls in its portfolio, while valeo foods, owned by irish food and agri-business origin enterprises and british-based private equity firm capvest, makes squeez juices and batchelors baked beans more

 Source : foodanddrinkeurope.com   Date : 31 May 2011   Category : restaurants and Food industrie
lion nathan national foods changes name to lion

... kirin-owned dairy and drinks giant, lion nathan national foods, today announced its intention to rebrand its three divisions - lion nathan australia, lion nathan new zealand and national foods - to a single new brand, lion ... all three will use the lion brand, but the company said that to distinguish informally as required, national foods will be known as dairy and drinks, while the lion nathan businesses will become beer, spirits and wines, australia, and beer, spirits and wines, new zealand ... lion nathan australia and national foods both posted disappointing results last week, with profits down 11% from last year ... “we became lion nathan national foods in october 2009 when kirin holdings purchased the remaining shares in lion nathan, and merged the company with its foods business, national foods ... “since then we have come a long way in integrating our business, and our new name reflects our shared purpose and identity more

 Source : ausfoodnews.com.au   Date : 16 May 2011   Category : Dairy Products
takeover panel issues boparan with northern bid deadline

... "the board continues to believe that the proposed merger with greencore group to form essenta foods offers substantial benefits for its shareholders, customers and employees and will create a convenience foods business with a strong platform for further growth and the potential to realise significant cost savings through synergies," it said more

 Source : just-food.com   Date : 4 January 2011   Category : restaurants and Food industrie
kraft defends cadbury swiss switch

... kraft foods today (6 december) dismissed reports of its plans to transfer part of cadbury's business to switzerland as "nothing new" and said it had always intended to make the move ... former uk business secretary lord mandelson reportedly said today (6 december): "whatever assurances kraft gives about cadbury's future in the uk, this move is the beginning of a slippery slope ... we have been clear from the start that cadbury would be integrated into our existing kraft foods business but we have also been very clear we were committed to the uk," kraft told just-food today (6 december) ... "cadbury itself, and many other multinational companies, had a very similar structure in place for its europe business before the acquisition ... "whilst we have always said a small number of senior roles would relocate to zurich, kraft foods is committed to the uk both in terms of manufacturing and office-based roles," the company said more

 Source : just-food.com   Date : 6 December 2010   Category : restaurants and Food industrie
itc quarterly net turnover up 16.3%

... 5% fmcg - branded packaged foodsthe branded packaged foods business continued to expand with sales growing by 26% during the quarter ... the business achieved significant improvement in profitability through a combination of product mix enrichment, higher net realisation, smart commodity sourcing and active cost management across the supply chain ... the business is continuing to invest in manufacturing and distribution infrastructure to support larger scale ... agri business during the quarter, the agri business posted a healthy performance recording a revenue growth of 22% primarily due to improved trading opportunities presented in soya and rice and increased wheat sourcing for the branded packaged foods business ... the business continues to provide strategic sourcing support to the company’s cigarette and branded packaged foods business by ensuring high quality supplies more

 Source : flex-news-food.com   Date : 2 November 2010   Category : food industries Economic
hindustan unilever 2q net profit rises 32%

... hpc business grew 9% with good growth across the portfolio ... foods business grew 13% driven by beverages and ice cream growing by 9% and processed foods growing by 26% ... harish manwani, chairman commented: “our domestic consumer business has delivered double digit underlying volume growth for the third quarter in a row ... we continue to strengthen our core business while at the same time leading market development in emerging categories more

 Source : flex-news-food.com   Date : 25 October 2010   Category : restaurants and Food industrie
the highlights on just-food this week

... sial: dean foods' alpro arm to launch alpro plus linesalpro, the soy-foods business owned by us dairy giant dean foods, is to launch two soy-milk products next year targeting health-conscious consumers more

 Source : just-food.com   Date : 22 October 2010   Category : Rest
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