Rice Bran Technologies has exited the Brazilian market and will concentrate on growing its ingredients business in North America, the company announced recently.
Joesley and Wesley Batistia, the billionaire brothers of scandal-rocked Brazilian meatpacker JBS, have been charged with insider trading by prosecutors who allege the duo pocketed over US$30m.
In an about-face, Blue Apron’s stock is surging on the strength of positive investor ratings published earlier this week, but the meal kit company’s initial rocky start in public trading still could have a negative long-term impact on competitors’ ability...
US-based Tyson Foods has agreed to acquire sandwich-maker AdvancePierre Foods in a $4.2bn deal that will expand the giant meat processor’s market share in prepared foods.
As demand for local, fresh and healthy food increases community supported agricultural models are evolving to capture a larger share of consumer spend and could become a threat to more traditional retailers that rely on foot traffic generated by regular...
Top brass at US meat processor Tyson Foods have told investors at the Barclays Global Consumer Stables Conference the business is braced for a wave of growth in 2017.
Flowers Foods this week said it is taking a “hard look” at every aspect of its business following a tough first half of the year that has seen its share price slump.
After struggling with slumping stock prices, increased competition and consumer complaints, Keurig Green Mountain stockholders received some good news for a change Dec. 7 when an investor group led by JAB Holdings acquired the single-serve coffee pod...
Chobani has confirmed that it has been looking for a new CEO for some time, but says the process was set in motion by its current CEO, founder and chairman Hamdi Ulukaya, so “to imply that he is being pushed out by the board is completely ridiculous”.
AquaBounty Technologies - which is hoping to become the first company to introduce a genetically engineered (GE) animal to the human food supply - posted net losses of $4.7m in 2013, up from $4.4m in 2012.
Loss-making stevia supplier GLG Life Tech has reassured investors that it is still “very much” in business in a Q&A document designed to answer questions about its financial affairs.
Irish dairy giant Glanbia is “confident” of delivering its full year profits target, despite reporting marginal growth for the first nine months of 2012.
Imperial Sugar’s share price slumped to a 52-week low on Wednesday, after it reported a wider net loss in the fourth quarter and missed analyst expectations by $1.84.
Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.
Stevia supplier GLG Life Tech has slashed its revenue expectations for 2011 and has seen its share price slip to a year low, as it reported its second quarter results.
Campbell Soup Company’s CEO-elect Denise Morrison said in an investor meeting on Tuesday that the company would add salt back into its soup formulations in an effort to lift lukewarm sales.
US chemical group DuPont has successfully completed its tender offer for Danisco, as 92.2 percent of outstanding shares in the Danish food ingredients firm were tendered by Friday’s deadline, DuPont said on Monday.
Imperial Sugar saw its share price jump to a 52-week high in after hours trading on Wednesday, following better than expected profits in Q2, partly due to higher sugar prices.
Elliott International has increased its Danisco shareholding to 10.01 per cent and has not yet given any indication of tender plans, despite the Friday deadline for 80 per cent of shares to be tendered in order for the deal to go through.
DSM has tendered its 4.95 per cent stake in Danish ingredients firm Danisco, after buyer DuPont raised its offer to DKK700 on Friday following discussions with major shareholders.
DuPont has increased its bid for Danish ingredients firm Danisco by 5.3 per cent to DKK700 per share, and has set a final deadline of May 13 for 80 per cent of shares to be tendered.
Sara Lee shares hit another new 52-week high on Monday as the dessert, coffee and meats giant was reported to be weighing two separate buyout offers from groups that have previously expressed interest in the company.
Danisco is to be snapped up by DuPont for $6.3bn, in a deal Dupont says could create a global leader in industrial biotech – and help drive science-based solutions to the world’s food and fuel challenges.
Stevia supplier PureCircle saw its share price plummet yesterday (Tuesday) after it said in a trading update that its profits for fiscal 2010 would be down on last year.
Archer Daniels Midland (ADM) intends to grow profits in the year ahead through acquisitions as well as expanding its existing business, the company said in a presentation to investors this week.
Kraft has announced that it will begin to end pension increases for current and non-union hourly employees from year end 2019 but the US food group did not provide any clues in regulatory filings as to the future of the 100-year-old Cadbury pension fund.
Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk anti-Americanism.
Cadbury shares rose today on the back of media report that indicated that US chocolate maker, Hershey’s could be set to make a counter-bid for the UK confectioner, already the focus of a hostile bid from Kraft Foods.
Kraft’s largest shareholder Berkshire Hathaway, run by billionaire investor Warren Buffett, has voted against the issuance of up to 370m shares to acquire Cadbury, it said on Tuesday.
Kraft has sold its frozen pizza business to Nestlé to help fund its offer for Cadbury after Nestlé pulled out of the bidding for the British confectioner.
Even if Kraft intends to increase its bid for Cadbury, its latest offer has probably managed to upset both the board and shareholders, says Andrew Wood, senior research analyst at Sanford C. Bernstein.
Kraft has formally made a £9.8bn ($16.3bn) hostile takeover bid for British confectioner Cadbury, just hours before the 5pm GMT deadline imposed by the UK Takeover Panel.
Rumour, according to the Romans, is a feathered beast with a myriad eyes and tongues. Last week she went bristling through the Danish business pages, spreading the news that Danisco could be bought by a private equity firm.
Wild is putting together an experienced team in preparation for its
planned initial public offering, tapping Symrise's CFO to take it
through the process.
