Packaged Food and Meats
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The maker of Chef Boyardee pastas and Hunt's ketchup reported a 57 percent fall in third-quarter profit, hurt by costs related to its acquisition of Ralcorp.
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The maker of Chef Boyardee pastas and Hunt's ketchup reported a 57 percent fall in third-quarter profit, hurt by costs related to its acquisition of Ralcorp.
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Beer lovers have plenty of options, but which label do consumers love the most? The madness is underway. Vote for your favorite.
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CHICAGO, April 1- U.S. agribusiness giant Cargill Inc on Monday said it named Marcel Smits, the former chief executive of packaged food maker Sara Lee Corp, as its chief financial officer effective April 15.
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Pinnacle Foods, the maker of Birds Eye frozen foods, has raised $580 million in an initial public offering of stock.
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March 27- Blackstone Group LP- backed Pinnacle Foods Inc's initial public offering raised $580 million after the packaged foods maker priced its offering at $20 per share, the high end of its expected range, an underwriter said.
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The IPO of Pinnacle Foods priced at $20 a share, at the high end of the range. One trader said the stock could pop on its debut Thursday amid expectations of a "hefty dividend."
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*Proposes $300 mln in new equity, $600 mln bond offering. *Extraordinary general meeting scheduled for April 22. ZURICH, March 27- Swiss chocolate maker Barry Callebaut plans to issue $300 million in new equity as well as a $600 million bond to refinance a bridge loan used to fund its planned purchase of the Singaporean group Petra Foods's.
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AMSTERDAM, March 25- Dutch food ingredients group CSM NV has agreed to sell its bakery business for 850 million euros to a U.S. private equity firm and plans to focus on more profitable food ingredients.
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AMSTERDAM, March 25- Dutch food ingredients group CSM NV has agreed to sell its bakery business for 850 million euros to a U.S. private equity firm and plans to focus on more profitable food ingredients.
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March 22- Shares in top U.S. packaged food companies Mondelez International Inc and PepsiCo Inc jumped on Friday on speculation that they could merge, after a report that activist investor Nelson Peltz has taken stakes in each.
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March 22- Shares in top U.S. packaged food companies Mondelez International Inc and PepsiCo Inc. The often speculated-upon marriage between PepsiCo and Mondelez would bring together salty snacks like Doritos and Tostitos with sweets like Cadbury chocolate and Oreo cookies.
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By Michelle Sierra and Caleb Frazier. LONDON, March 21- Ketchup maker H.J. Heinz Company has scrapped euro and sterling-denominated loans on its $12 billion buyout financing in favour of a simpler all-dollar deal after strong demand from US investors, bankers said on Thursday.
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March 20- General Mills Inc reported better-than-expected third-quarter earnings on Wednesday after sales volume of its core brands rose for the first time in two years, a good sign for the U.S. packaged food industry. Still, Russo said General Mills has been performing better in some of its challenged businesses, including cereal and yogurt.
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*United States Bakery gets Grandma Emilie's. The Beefsteak brand of bread was sold for $31.9 million to Mexico's Grupo Bimbo S.A.B. de C.V., the world's largest bread maker. Hostess also said on Tuesday that United States Bakery had the winning bid in the March 15 auction for its remaining bread brands: Eddy's, Standish Farms and Grandma Emilie's.
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March 15- Packaged foods maker Pinnacle Foods Inc, backed by Blackstone Group LP, said it expects to raise as much as $667 million from its initial public offering. The owner of the popular Bird Eye and Duncan Hines brands said in a regulatory filing with the U.S. Securities and Exchange Commission that it plans to sell 29 million shares at between $18 and $20 each. ().
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March 7- Packaged foods maker Pinnacle Foods Inc, backed by private equity firm Blackstone Group LP, raised the proposed size of its initial public offering of common stock to as much as $632.5 million.
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*Milling operations had total sales last year of $4.3 bln. March 5- Giant U.S. food and grain-handling companies ConAgra Foods Inc, Cargill and CHS Inc plan to combine their North American flour milling businesses into a new venture that would control more than a third of U.S. capacity, dwarfing all competitors in size and market reach.
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Feb 21- Here are some key events in the history of Flowers Foods, a company that has grown through acquisitions to become the second-largest baking company in the United States. *1919- Flowers Baking Co founded by brothers William Howard Flowers and Joseph Hampton Flowers in Thomasville, Georgia. Flowers Bakery becomes Flowers Industries.
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*Wal-Mart, Burger King, Kraft already feeling the pinch. "Unfortunately, the loss of so many middle-class jobs in this country makes it tough," said Gary Rodkin, chief executive of consumer packaged foods company ConAgra Foods, in an interview on Tuesday.
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*Paying $72.50 per share for Heinz. *Buffett says Berkshire putting up $12 bln- 13 bln cash. Feb 14- Warren Buffett's Berkshire Hathaway and Brazilian private equity firm 3 G Capital will buy ketchup maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3 G's ambitions in the food industry with Buffett's hunt for growth.