Corporate Operations: Page 345
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Russia's ban on food imports creates fraud on both sides of border
The EU has suspended aid to produce growers amid a fraud investigation, while Russia is awash in European products marked "Made in Belarus."
By Paul Conley • Sept. 12, 2014 -
Hershey teams with Cargill on cocoa sustainability
The partnership will allow Hershey to expand its "Learn to Grow" program to the Ivory Coast.
By Paul Conley • Sept. 12, 2014 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Pabst in talks to sell to private equity group
The deal would value the brewer of Pabst Blue Ribbon, Ballantine, and others at less than $1 billion.
By Paul Conley • Sept. 12, 2014 -
Glanbia buys Isopure for $153M
The deal will boost Glanbia's position in the U.S. market.
By Paul Conley • Sept. 12, 2014 -
Kroger beats estimates, raises forecast for full year
The supermarket giant reported net income of $347 million in the second quarter, well above the amount seen a year earlier.
By Paul Conley • Sept. 11, 2014 -
New CEOs named at three candy companies
Russell Stover, NECCO, and Justin's have all placed new folks at the top.
By Paul Conley • Sept. 11, 2014 -
US potato exports hit record high
Export volumes in the season ending in June were 7.5% higher than a year earlier.
By Paul Conley • Sept. 10, 2014 -
Dollar General launches hostile bid for Family Dollar
The discount retailer is taking its $9.1 billion offer directly to shareholders.
By Paul Conley • Sept. 10, 2014 -
Campbell Soup sales, forecast fall short of expectations
Shares fell more than 2.5% on the news — the largest one-day drop since July 31.
By Paul Conley • Sept. 9, 2014 -
General Mills to buy Annie's in $820M deal
The all-cash deal for the company suggests a growing market for organic and natural foods.
By Paul Conley • Sept. 9, 2014 -
Deep Dive
Gaza, Ebola, ISIS and Ukraine: How four global crises are hurting businesses
In a global economy, these crises are increasingly risks to the world's major food and beverage companies.
By Paul Conley • Sept. 8, 2014 -
Barilla borrows $907M to fund acquisitions
Where does the pasta-maker see opportunity for growth?
By Paul Conley • Sept. 8, 2014 -
Drambuie sold to William Grant and Sons
The sale by the MacKinnon family was widely expected.
By Paul Conley • Sept. 8, 2014 -
Blue Bunny closes Utah ice cream plant
The ice cream maker will shift production to a plant in Iowa.
By Paul Conley • Sept. 5, 2014 -
Parmalat buys Brazilian dairy operations of BRF
The purchase marks the second acquisition in Brazil in the past two weeks by the European dairy giant.
By Paul Conley • Sept. 4, 2014 -
JBS revives plans for IPO
A $1.8-billion offering may come as early as next month, according to Reuters.
By Paul Conley • Sept. 4, 2014 -
KKR cashes out stake in Chinese dairy
The deal comes amidst soaring sales for China Modern Dairy.
By Paul Conley • Sept. 3, 2014 -
Danone names new CEO; Riboud to remain as chair
But will the move be the sort of game-changer that the market is demanding of the struggling yogurt-maker?
By Paul Conley • Sept. 3, 2014 -
ADM sells chocolate business to Cargill for $440M
Notably not included in the deal are the cocoa-processing facilities owned by ADM. What does this mean for the business models of both companies?
By Paul Conley • Sept. 3, 2014 -
Deep Dive
5 things that happened in 1914 that changed the food industry
The modern food industry is 100 years old this year.
By Paul Conley • Sept. 3, 2014 -
Ireland's Total Produce buys piece of CA-based Eco Farms
The fast-growing Irish shipper has been on an acquisition spree.
By Paul Conley • Sept. 2, 2014 -
Heineken sells Mexican packaging business to Crown
The sale comes just four years after the brewer acquired the business as part of a larger transaction.
By Paul Conley • Sept. 2, 2014 -
Kellogg looks to buy majority share in Egyptian sweets baker
The cereal company is the third possible suitor to emerge this year for Bisco Misr.
By Paul Conley • Sept. 2, 2014 -
JBS opens cattle-buying operation in Pennsylvania's Lancaster County
The move is aimed at securing sales from the smaller operators that dot the area.
By Paul Conley • Aug. 29, 2014 -
SodaStream may close West Bank factory, according to news report
The make-at-home soda company is said to be considering a plan to abandon its controversial site.
By Paul Conley • Aug. 29, 2014
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