October in business: Kraft splits, Hostess says strikes will finish the company
October has been an action-packed month in the food manufacturing industry, beginning with the split of Kraft into two publicly traded companies, Twinkie-maker Hostess Brands’ last-ditch bid to emerge from bankruptcy, and acquisitions from Hain Celestial, Flowers Foods and ADM.
KRAFT:
Vernon leads charge at ‘New Kraft’ as old Kraft officially splits into two
HOSTESS BRANDS:
Hostess: Our chances of exiting Chapter 11 will ‘evaporate’ if union members strike
Hostess gets green light to impose pay-cutting deal on union; insists 'there are no viable bidders'
M&A:
ADM gears up for $2.8bn takeover of GrainCorp
Skippy on the block? Unilever explores options for peanut butter brand
Flowers Foods expands its bakery empire in the West Coast with Sara Lee/Earthgrains licensing deal
COST INFLATION:
INVESTMENT:
Dr. Oetker joins Ontario’s $39 billion agri-food sector
RESULTS:
Powerade paces Coca-Cola's growth in North America
Emerging markets continue to drive Nestlé sales
NEW NAME:
Smart Balance changes name and HQ as part of mission to build health & wellness empire
