Zurich / CH. (aag) Despite moderate revenue decreases in Europe and North America, Aryzta AG believes its acquisitions will continue to encourage revenue growth. Commenting the Q1/2011, Aryzta´s Chief Executive Officer Owen Killian said in a press release:
Oslo / No. (ob) Orkla Brands is considering selling Norway´s leading bakery company, Bakers. A sale process is now being initiated, with a view to having a new owner in place by the endof the first half of 2011. Bakers is a highly competitive company.
Berlin / D_. (igw) Consumers who buy organic food exercise more, pay greater attention to their diet, and feel healthier. The latest research findings show that there is a direct link between buying organic food and a consumer´s lifestyle.
Berlin / DE. (bfr) Around 300 participants discussed at the Federal Institute for Risk Assessment within the framework of the ninth BfR Forum on Consumer Protection entitled «How to package food safely – health risks of recycled materials?» in early November.
Madrid / ES. (epg) The boards of Ebro Foods and SOS Group have reached an agreement for Ebro to purchase the SOS rice division. The deal will be finally closed once approved by the financial institutions that are creditors of SOS and the anti-trust authorities.
Madrid / ES. (epg) Ebro Foods has entered into an greement with Ricegrowers Limited, trading as SunRice. Under the binding terms and conditions of that agreement Ebro would acquire 100 percent of the capital of SunRice for approximately 440 million EUR.
Decatur / IL. (adm) Archer Daniels Midland Company (ADM) Chairman, CEO and President Patricia Woertz announced a slate of management appointments, saying, «To achieve our growth aspirations, we must expand and develop our leadership team …».
London / UK. (tl) Tate + Lyle PLC announces that it has signed an agreement for the sale of its Molasses business to W+R Barnett Limited. The consideration is 67 million GBP payable in cash, subject to closing adjustments for net cash and working capital.
Chicago / IL. (tni) As the U.S. nation begins to emerge from recession, restaurants are seeing lapsed customers return. Same-store sales are inching up, signaling the industry´s initial rebound to health; hiring is also up, signaling positive expectations for 2011.
Warsaw / PL. (div) Lotte Group has plans to expand the production capacity of its confectionery manufacturer E. Wedel Sp. z.o.o. in Poland. According to «Rzeczpospolita» the Korean-Japanese group talks about a 200 million EUR investment into the company.