Dec 9- Dairy products producer WhiteWave Foods Co said it would buy organic food brand Earthbound Farm from investors including private equity firm Kainos Capital for about $600 million to expand its offerings of organic products. Earthbound Farm produces packaged salads and organic fresh and frozen fruits and vegetables, as well as dried fruits and snacks.» Read More
A bacterial strain of E. coli linked to a California catering company has forced a recall of more than 90 tons of prepackaged salads and sandwiches.
*Net profit falls to 229 mln Sfr, beats poll. ZURICH, Nov 7- Barry Callebaut, the world's No. 1 chocolate and cocoa maker, beat analysts' forecasts on Thursday as big food groups, such as Nestle and Mondelez, outsource more chocolate making and as confectionery sales rise worldwide.
-Hershey Co reported higher quarterly earnings on Thursday because of strong candy sales across the United States. The chocolate company said net income was $233.0 million, or $1.03 per share, compared with $176.3 million, or 77 cents per share, a year earlier. Its sales rose 6.1 percent to $1.85 billion, from $1.75 billion in the third quarter of 2012..
TORONTO/ WINNIPEG, Manitoba, Oct 21- Canadian food processor Maple Leaf Foods said on Monday it may sell its controlling stake in Canada Bread Company as it determines whether to exit the bakery business and focus on meat products.
Oct 21- Canadian food processor Maple Leaf Foods said it is looking to sell its interest in Canada Bread Co as it explores options for its bakery business.
Oct 4- Hershey Co, North America's biggest chocolate maker, said it would invest $250 million to build a manufacturing plant in Malaysia, its biggest investment in Asia.
Sean Connolly, Hillshire Brands CEO, discusses how commodity prices are impacting the company's growth prospects, competing for consumers and why M&A is part of their game plan.
*Sees second-quarter earnings/share of about 55 cents vs est 63 cents. Sept 19- ConAgra Foods Inc, the maker of Hunt's ketchup and Chef Boyardee pastas, forecast current-quarter profit well below estimates, hurt by weak sales of consumer foods, its biggest business.
*Cuts FY 2014 profit forecast to $2.34- $2.38/ share from $2.40. ConAgra shares fell 6 percent to $31.56 in early trading on Tuesday on the New York Stock Exchange. "reflects the fact that they operate with a weaker brand portfolio relative to some of their larger branded packaged food peers," Morningstar Inc analyst Erin Lash told Reuters.
Starboard Value has received "non-binding written indications of interest" for its Smithfield Foods assets, the company said on Tuesday.
Aug 12- Packaged foods company Pinnacle Foods Inc said it would buy Unilever Plc's Wish-Bone salad dressings business for $580 million to expand its range of branded food products. Pinnacle, home to labels such as Birds Eye and Duncan Hines, said that it expected a tax benefit of about $125 million because the all-cash deal was structured as an asset purchase.
Aug 12- Packaged foods company Pinnacle Foods Inc said it would acquire Unilever Plc's Wish-Bone salad dressings business for $580 million.
Aug 8- Packaged foods company Hillshire Brands Co reported sharply lower quarterly net earnings on Thursday, after spinning off its coffee and tea business.
Although shares of many packaged food companies are hitting all-time highs, there is still room at the table for new investors to join the food stock feast.
Consumer packaged-goods makers have gotten creative with how they pass on rising costs and maintain bottom lines. Prices stay the same, but it contains less product.
An estimated 870 million people suffer from hunger on daily. But the problem isn't that we have too little food, experts say—it's what we do with the food we have.
Although many consumers may be under the false impression that Twinkies last forever, they do in fact have a shelf life, and that's about to increase.
Dean Metropoulos, chairman and CEO of C. Dean Metropoulos & Co., discusses the relaunch of Hostess snack brands.
No strangers to food in the fast lane, a handful of former McDonald's executives, are trying to crack the code on providing food on the go that tastes good and is good for you.
Amid a slow-growth environment for US manufacturing, one American company is bucking the trend as Americans embrace juicing, which has driven sales higher.