3 November 2011
Kraft Foods reports rise in Q3 profits
American snack food company Kraft Foods has reported that its profit jumped 22.3% to $922m for the third quarter of 2011 - compared with $754m year-on-year - as a result...
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3 November 2011
Industrias Bachoco acquires US poultry processor
Industrias Bachoco, a Mexico-based producer and processor of poultry and other food products, has completed the acquisition of US-based poultry company OK Industries in a $95m all-cash deal.
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3 November 2011
Lion Capital to sell UK seafood brands
Private equity firm Lion Capital plans to sell its UK seafood brands Young's and the Seafood Company in an effort to reduce its debts.
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2 November 2011
Pringles sale delayed until 2012
US-based consumer goods company Procter & Gamble has announced that the sale of its snacks brand Pringles has been delayed to allow buyer Diamond Foods to complete an accountancy investigation...
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2 November 2011
Fresh Del Monte reports decline in Q3 net income
Fresh Del Monte Produce, a US-based fruit and vegetable producer, has reported a net income decline of 16% to $12.2m for the third quarter that ended 30 September 2011, compared...
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2 November 2011
Olam International acquires VKL spice business
Singapore-based supplier of agri and food commodities Olam International has acquired the bulk spices and private label assets and businesses of Vallabhdas Kanji (VKL), an India-based processor of spice and...
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2 November 2011
Sara Lee to sell French baked goods unit Eurodough
American consumer goods company Sara Lee is in talks with potential buyers to sell its French baked goods unit Eurodough as part of its effort to divest its international bakery...
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1 November 2011
Lerøy Seafood to acquire stake in Rode
Norway-based Lerøy Seafood Group (LSG) has entered an agreement to buy 50.1% of shares in Rode Beheer, a leading producer of processed seafood in the Netherlands, in a deal worth...
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1 November 2011
‘Magnetic tongue’ may identify food taste
A new 'magnetic tongue', using nuclear magnetic resonance spectroscopy (NMR), may be able to taste food and help companies to develop and test new food products, according to a new...
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1 November 2011
Ferrero to establish new plant in Turkey
Italian confectionery group Ferrero is setting up a 146,000m² plant in the province of Manisa, Turkey, with an investment of €90m ($126.11m).