Vevey / CH. (nsa) Nestle S.A. will invest 53 million USD to establish a new building that will expand the existing R+D facility in Solon, Ohio. The new center will be designated as a global Product Technology Center, dedicated to frozen and chilled foods research.
Omaha / NE. (caf) ConAgra Foods Inc., one of North America´s leading food companies, reported results for Q4/2013. Diluted EPS from continuing operations was 0,45 USD for the fiscal fourth quarter, up significantly from (0,21 USD) in the year-ago period.
Minneapolis / MN. (gm) General Mills Inc. reported results for the fourth quarter and full fiscal year ended May 26, 2013. Contributions from new businesses in fiscal 2013 primarily reflect results for Yoki Alimentos in Brazil and Yoplait International.
Seattle / WA. (sc) Ahead of its 15-year anniversary celebrations in Malaysia, Starbucks Coffee Company, the world´s largest coffee retailer, announced plans to open 100 new stores in Malaysia and across South-east Asia over the next four years.
Sydney / AU. (gfl) Goodman Fielder provided an update on trading conditions for the financial year ending 30 June 2013. The company makes steady progress on the key initiatives under the company´s strategic plan to restore sustainable earnings growth.
Liverpool / UK. (rgf) For the twelve months ended 31 March 2013, Real Good Food Company PLC announced further improvement over last year´s strong performance, driven by significant Ebitda increases at Haydens and R+W Scott. Ebitda is up 24 percent.
Chicago / IL. (ai) Arbor Investments has completed the acquisition of the New French Bakery. The Bakery, based in Minneapolis, bakes and markets a comprehensive offering of premium branded and private label take-and-bake, par-baked and fresh artisan breads.
Denver / CO. (ccp) Smashburger, the rapidly expanding better burger restaurant concept, has closed on a 35 million USD round of financing with Golub Capital to finance its ongoing growth plans, which include anticipated 30 percent new unit growth for 2013.
Ottawa / CA. (cb) The Competition Bureau announced that Hershey Canada Inc. pleaded guilty before the Ontario Superior Court of Justice in Toronto for its role in fixing the price of chocolate confectionery products. Hershey was fined four million CAD.
Batavia / IL. (aldi) Aldi USA confirmed that the grocery retailer is in the initial stages of discussions to potentially locate a warehouse in Moreno Valley, California. Additionally, Aldi is further developing its plans to expand to Southern California.