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Annie’s/So Delicious deals just the beginning says corporate finance expert: CPG giants now eyeing up natural firms with revenues of $10-25m

While the jaw-dropping amount that General Mills paid for Annie’s ($820m) raised some eyebrows, it was “worth it”, says one corporate finance expert who says big CPG firms are increasingly...

Analyst: Top CPG firms not delivering on innovation, falling back into promotional trap

Pinnacle Foods boss: ‘We’re looking at this industry right now as very much a zero sum game. We're not seeing growth in total’

As several CEOs have recently observed, big brands are not getting so much bang for their promotional buck these days. But in the current climate, targeted trade spending is a...

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Tate & Lyle profits fall on lower US beverage demand

Tate & Lyle has reported lower profits in the first half of the year, citing poor demand for soft drinks in the United States.

Ingredion rolls out cost saving gelatin replacer for yogurt

Ingredion Inc. has rolled out a gelatin replacement ingredient, Etenia 457 potato starch, to help the dairy industry avoid the rising cost of gelatin in yogurt production. 

M&A activity on pace to match 2012 totals, investment group says

Investment and acquisition trends in the health & wellness industry in 2013 are on a pace to match 2012, according to a report by Nutrition Capital Network (NCN).

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TreeHouse Foods continues private label buying spree with $180m deal to buy Associated Brands

The deal - expected to close in Q3, 2013 - will complement TreeHouse’s single serve coffee business by giving it a foothold in the specialty...

Sales up: Hershey makes US share gains and grows volumes overseas

Hershey has grown its sales 6.7% in the second quarter (Q2) driven by strong performance in the US and volume increases in key international markets like China.

Cofounder says Plum Organics will stay true to mission within Campbell fold

Plum Organics co founder and CEO Neil Grimmer said the company will stay true to its mission within the Campbell fold, including maintaining its commitment to its values as a...

B Corp concept harnesses profit for social good, co-founder says

One of the inventors of the B Corporation concept, Andrew Kassoy, said his goal was to find a way to harness the entrepreneurial spirit to solve social problems.  Along the...

FBI probes suspicious trading in Heinz shares prior to Buffett mega-deal

The FBI is joining an investigation into suspicious trading in Heinz shares the day before it announced that it had agreed to be taken over by Berkshire Hathaway and 3G...

Buffett investment group Berkshire Hathaway teams up with 3G to buy Heinz in $23bn mega-deal

UPDATED - H.J. Heinz Co. has agreed to be acquired by Warren Buffett’s Berkshire Hathaway investment firm and Brazilian private-equity giant 3G Capital for $23.3bn, in what it claims is...

Analyst: Ditching Skippy continues to skew Unilever towards faster-growing emerging markets

Offloading Skippy peanut butter - which still generates the majority of its $370m annual sales in the mature US market - will continue to skew Unilever’s portfolio towards faster-growing emerging...

Hormel Foods to acquire Skippy peanut butter from Unilever

Unilever has struck a deal to sell its Skippy peanut butter business to Hormel Foods for approximately $700m.

Q3 wrap: Nutrition stars for DSM and Naturex

Royal DSM saw Q3 sales slip 7% to €2.3bn across all divisions with polymer intermediates performing worst, but as has been the case in recent quarters, the Dutch firm’s nutrition...

Emerging markets continue to drive Nestlé sales

Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.

Hostess seeks to impose bankruptcy-exit deal in court after union rejects ‘outrageously unfair’ final offer

Hostess Brands is seeking a legal means to force members of the union representing a big chunk of its staff to accept a deal they have rejected by an overwhelming...

News in brief

2012: The year of fewer, bigger, deals in health & wellness, and a sharp rise in financing

The number of mergers and acquisitions in the US nutrition, health and wellness market was down by almost 40% in the first half of 2012*, according to Nutrition Capital Network (NCN).

Wind Point partners with ex-Sara Lee CEO in Shearer Foods acquisition

Private equity firm Wind Point Partners has agreed to acquire Ohio-based Shearer’s Foods for an undisclosed sum – and has partnered with former Sara Lee CEO C.J. Fraleigh, who will...

What do the most successful CPG companies have in common?

Investment in emerging channels, the Hispanic market, and employee development are among the strategies that set the most profitable consumer packaged goods firms apart from their peers, finds a new...

MOM Brands completes expansion at North Carolina facility

MOM Brands intends to add more than 50 jobs at its Asheboro, North Carolina facility by the end of November, as it completes an expansion project that doubles its size,...

Kraft Foods agrees to divest controlling stake in Back to Nature brand

Kraft Foods has agreed to divest a controlling stake in its Back to Nature brand food business for an undisclosed sum ahead of the company’s split in October.

Teamsters says it cannot endorse Hostess ‘final offer’ – but puts it to union vote

The Teamsters union has said it cannot endorse a “final offer” put forward by Hostess Brands, which includes an 8% pay cut in the first year of a five-year contract,...

IFF posts 16% boost in Q2 net profit

Pressure from raw material costs has started to ease for International Flavors and Fragrances (IFF), which reported a 16% increase in net profit and a 1% increase in net revenue...

SunOpta net profit rockets 85% on packaged foods sales

Canadian natural and organics group SunOpta has reported an 85% profit surge in the second quarter of 2012 driven by strong growth in packaged foods sales.

MGPI narrows loss, aims to ease corn cost impact

Corn costs continued to hit MGP Ingredients’ results in the second quarter, although it narrowed its loss from $10.3m a year ago to $850,000.

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