ST. LOUIS— Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post's range of products. Privately held Michael Foods makes a variety of egg, potato and dairy products.» Read More
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.
Sales of Hormel's signature meat-in-a-can Spam rose around the globe, said CEO Jeffrey Ettinger. And a new teriyaki SPAM was just rolled out in Hawaii, he added.
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.
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.
Starboard Value has received "non-binding written indications of interest" for its Smithfield Foods assets, the company said on Tuesday.
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.
Sen. Debbie Stabenow, (D-MI), discusses increasing Congressional scrutiny of food safety on the heels of Smithfield Foods takeover bid from Chinese meat producer Shuanghui.
Hummus sales are booming, and Sabra is on a quest to convince Americans to eat even more. Is it the next peanut butter?
Despite the high revenue, the profit margins in the grocery business traditionally have been low, but that hasn't stopped retail giants Amazon and Wal-Mart from escalating the national food fight. What gives?
Smithfield Foods bought by China's largest meat producer, Shuanghui, is facing regulatory and political scrutiny, reports CNBC's Michelle Caruso-Cabrera.