Hostess Brands has chosen a joint $410m offer from two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management LLC — as the lead bid for Twinkies and other snack cake brands as it completes the process of filing ‘stalking horse’...
Diageo CEO Paul Walsh says he was ‘somewhat disappointed’ by the breakdown of talks to acquire the Jose Cuervo tequila brand, but hints his firm may make an ‘organic entry’ into the category in 2013.
The potential upsides in Diageo’s potential acquisition of a majority stake in India's United Spirits (USL) are clear but achieving acceptable profitability from the business may be tricky, according to one analyst.
Big interview: Drew Harrington and Amanda Klane, co-founders, Yasso
It’s a runaway success story that will either inspire budding entrepreneurs across the nation or have them seething with jealousy... But it’s hard to think of a better example of a product that hit the market just at the right time.
Shareholders at Ralcorp have approved a mega-deal to combine Ralcorp with ConAgra Foods to create a one of the largest packaged foods companies in North America, with annual sales of $18bn.
Hostess Brands has selected stalking horse bidders for its Drake's snack cake brand and for its Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's bread brands.
Hostess Brands Inc. has won permission from the bankruptcy court to sell most of its bread brands at auction on February 28, and says it will submit plans to sell the Drake’s snack cakes business this week.
Dr Pepper Snapple Group says it ‘stands by’ immune support claims made on packaging for its Mott’s for Tots beverage brand, after a US-wide class action was launched against it this week.
With rumors emerging that Danone is selling its 51% stake in its fruit juice JV with Chuiquita Brands International, one industry source told BeverageDaily.com that the French firm was likely ‘glad to be rid’ of a business blighted by mismanagement.
Sales of upmarket ice cream brand Magnum have almost doubled to more than €1billion in the four years since Paul Polman took the helm at Unilever, making it “one of the greatest success stories… in the history of consumer goods”, he said yesterday.
PepsiCo and Kellogg lead the global snacks market with Frito-Lay and Pringles, but who fares better in the realms of Facebook and why does this matter?
While cynics might not be persuaded by Coke’s new ads promoting the role it is playing in tackling obesity, the soft drinks industry is increasing efforts to help consumers make ‘informed choices’ through calorie labeling and more no or low sugar options.
Greek yogurt giant Chobani has confirmed, then denied, that it is pulling out of Canada “for the time being” following the postponement of its nationwide launch in the country.
Dairy Farmers of Ontario (DFO) has been offered no “further details” of Chobani’s Canadian manufacturing plant construction plans - despite being lined-up to supply the Greek yogurt giant’s proposed new facility.
If you’ve trudged around any industry trade shows recently, you’ve probably seen your fair share of prototype product concepts targeting the key ‘need states’ created by ‘modern life’: Wake up! (in energizing oranges and reds), Focus! (in royal purple),...
There is a huge untapped opportunity to drive growth in the US chilled prepared food market with innovative new products offering freshness and convenience, says Bolthouse Farms.
Ingredient wholesaler Multiple Organics has announced an expansion into its first company-owned warehouse and headquarters facility in Hercules, CA, not far from its previous home base in San Rafael. But the expansion was made possible by paying attention...
It’s not enough to have a great-tasting product – manufacturers of meat alternatives must tell a positive production story, according to the maker of an award-winning product taking the Dutch meat-free market by storm.
Want to get a slice of the action in the shots category? Build a brand with a compelling story or ‘mission’, and formulate a product that delivers a discernible effect on consumers in 20-30 minutes, or you’re wasting your time, beverages and shots guru...
The first Non-GMO Project verified frozen food entrée in the US will hit store shelves by the end of the month under the Saffron Road brand. It was a complicated, time-consuming process but one that company officials believe will ultimately pay off.
Bimbo Bakeries has splurged out $75m on land to build a bakery plant in Pennsylvania as it continues to invest heavily in securing a stronger grip on the Northeast region of the US.
Nestlé has refused to comment on reports that it is working with financial advisory group Rothschild to sell more than $1bn of Latin American assets in an effort to win regulatory approval for its acquisition of Pfizer Nutrition.
Good Cacao CEO talks to ConfectioneryNews.com about boosting the appeal of healthy chocolate, the functional ingredients to look out for in 2013 and challenges in formulation.
Bankrupt Twinkies and Wonder Bread maker Hostess Brands says it expects to establish up to six ‘stalking horse’ bidders for its iconic bakery brands when bids are presented to the bankruptcy court.
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 markets, says one industry analyst.
Want a dictionary definition of 'high-achiever'? Meet Ryan Black, a former NFL player and surfer who went on holiday to Brazil in his early 20s in search of waves and came back with the germ of a business idea that is now worth more than $100m...
General Mills plans to introduce a host of new ready-to-eat cereal products to the US in 2013, but seems unlikely to heavily discount its range to line up with competitors.
General Mills has been making up lost ground in the fast-growing US Greek yogurt market, increasing its market share to 9% compared with less than 6% in early summer.
Marie Callendar’s and Healthy Choice maker ConAgra Foods said it expects volumes trends to improve in the coming months, as it posted second quarter results ahead of analysts’ expectations.
2012 was a roller coaster ride for the food industry, with Kraft and Sara Lee engaging in some serious corporate re-engineering, ConAgra finally getting its hands on Ralcorp, and Kellogg snapping up Pringles after former suitor Diamond Foods' plans...
Can we feed nine billion people by 2050? Only if we embrace the principles of open innovation, says Jeff Bellairs, senior director of the General Mills Worldwide Innovation Network (G-WIN), in this exclusive article for Foodnavigator-USA.com and FoodNavigator.com.
Greek yogurt giant Chobani has opened what it claims is the world’s largest yogurt factory - a one million square foot plant in Twin Falls Idaho and its second domestic manufacturing facility - following a $450m investment.
Food manufacturers looking to extend shelf life with natural antioxidants have started using blended ingredients in an effort to deal with spiralling raw material costs, according to Frost & Sullivan.
The Hershey Company has joined the advisory council of a new non-profit organization – the Sustainability Accounting Standards Board (SASB) - that aims to develop industry-wide standards on sustainability.
Pilgrim’s Pride Corp. has been cited by the US Labor Department’s Occupational Safety and Health Administration (OSHA) for exposing workers to hazardous chemicals.
Continental Mills, the privately owned manufacturer of Krusteaz and Ghiardelli-brand products, has acquired Sun Country Foods, Inc., the company announced Tuesday. The transaction includes the Kretschmer Wheat Germ brand and a manufacturing facility located...
A City analyst tells BeverageDaily.com that he believes recent talk of Diageo mounting a $10bn+ takeover of Beam Inc. is more likely now the UK plc. has ended talks with Mexico’s Jose Cuervo.
Many successful food brands have a founding myth. In the case of Bear Naked Granola, it is the story of the co-founders offering “breakfast in bed” to the wrong person.
Diageo remains tight-lipped on reports it may make a $10bn+ swoop for Beam Inc. but one analyst tells BeverageDaily.com he believes no imminent deal is likely, given the firm’s preoccupation with United Spirits and Jose Cuervo.
