IK Investment: sells Cerelia to Ardian
Paris (FR) / New York (NJ). (arh) Ardian Holding, a world leading private investment house, announced that it is acquiring Cerelia, from the IK VII Fund, advised by IK Investment Partners. Cerelia is a leading transatlantic provider of innovative bakery solutions with a product portfolio including ready-to...
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Eurostat: Is gingerbread out of fashion?
Luxembourg / LU. (eu) The EU Member States produced almost 190 thousand tonnes of gingerbread in 2018, worth around 510 billion EUR. Compared with 2008, gingerbread production decreased 21 percent by weight. PRCCODE: 10721230 – Gingerbread and the like Last update 2019-07-31...
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RBI: expands Global Leadership Team
Oakville / CA. (rbi) Restaurant Brands International Inc. (RBI) CEO Jose Cil announced that Axel Schwan will join the global leadership team of the company. Schwan was appointed the Regional President of Tim Hortons for Canada and the US in October. «I am very proud to welcome Axel to the...
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Nestle S.A.: creates JV with Casa Tarradellas
Vevey / CH. (nsa) Swiss Nestle S.A. announced that it has agreed to sell a 60 percent stake of Herta to Casa Tarradellas. Nestle and Casa Tarradellas will create a joint venture for Herta with their respective stakes of 40 percent and 60 percent. The joint venture includes Herta charcuterie (cold cuts and...
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Bunge: sells margarine and mayonnaise assets in Brazil
White Plains / NY. (bl) Bunge Limited, a leader in agriculture, food and ingredients, announced that it has entered into an agreement to sell its margarine and mayonnaise assets in Brazil to Seara Alimentos SA. The transaction includes three production plants and the brands used for these...
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Brenntag AG: achieves stable Q3-2019 results
Essen-Ruhr / DE. (bag) German Brenntag AG, the global market leader in chemical and ingredients distribution, achieved stable results in the third quarter of 2019 that were once again impacted by the difficult macroeconomic conditions. Particularly in the two large Brenntag regions EMEA and...
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Whole Earth Brands: new actor enters stage
New York (NJ) / Chicago (IL). (web) Act II Global Acquisition Corporation, a publicly traded special purpose acquisition company, the owners of Merisant Company, one of the world’s leading manufacturers of zero and low-calorie sugar substitutes, and the owners of MAFCO Worldwide...
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Buyout: More than 1400 jobs saved at Sayers
Bolton / UK. (pb) Sarah O’Toole and Jason Bell of Grant Thornton UK LLP were appointed joint administrators to Sayers The Bakers Limited on 18 December 2019. Operating since 1912 across the North of England, the GBP 50 million turnover business employed over 1500 people across...
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Conagra Brands: Reports Solid Q2-2020 Results
Chicago / IL. (cag) ConAgra Brands Inc. reported results for the second quarter of fiscal year 2020, which ended on November 24, 2019. All comparisons are against the prior-year fiscal period, unless otherwise noted. Highlights Second quarter net sales increased 18.3 percent; organic net sales...
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Post and TreeHouse: disappointed by FTC decision
Oak Brook / IL. (thf) Post Holdings Inc. and TreeHouse Foods Inc. announced that the Federal Trade Commission (FTC) has notified the companies that it will file a complaint opposing Post’s proposed acquisition of TreeHouse’s private label ready-to-eat cereal business (the «TreeHouse RTE...
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