Corporate Operations: Page 334
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Pinnacle and Hillshire weigh options to undo engagement
Hillshire Brands looks to unravel one deal in order to move forward with another with Tyson Foods.
By Paul Conley • June 12, 2014 -
Remy Cointreau names new CEO
She replaces Thierry Pflanz, who stepped down after just three months at the helm.
By Paul Conley • June 11, 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 -
Tennessee regulators drop investigation into Diageo
At issue was whether the company's whiskey could be called "Tennessee" whiskey.
By Paul Conley • June 11, 2014 -
Danone to close three European plants
A significant drop in fresh dairy sales prompted the move.
By Paul Conley • June 11, 2014 -
Wall Street thinks Annie's ready to sell
Amid the hoopla surrounding the acquisition of Hillshire Brands, Wall Street is searching for other likely mergers in the food industry.
By Paul Conley • June 10, 2014 -
Country Pure buys Fruitbud Juice
The purchase is the sixth acquisition by fast-growing Country Pure.
By Paul Conley • June 10, 2014 -
Kraft raises prices on Maxwell House, Yuban coffee brands
The move comes as bean prices have soared amid bad weather in Latin America.
By Paul Conley • June 9, 2014 -
Tyson wins battle for Hillshire Brands
Details are few, but reports early this morning put the winning bid at $63 a share.
By Paul Conley • June 9, 2014 -
Dole CEO attends port celebration, complains of slow work
David Murdock used a celebration of his company's time at the port as an opportunity to vent.
By Paul Conley • June 6, 2014 -
Nestle hints at sale of underperforming brands, again
Nestle's CEO suggested his company was losing patience with sub-par brands.
By Paul Conley • June 5, 2014 -
Maple Leaf says it's not for sale as meat-merger fever spreads
The Canadian meat processor has attracted talk of a sale since Hillshire Brands became the focus of a bidding war.
By Paul Conley • June 5, 2014 -
Chinese anti-corruption campaign hits Remy Cointreau profits
The cognac maker said a campaign to reduce corruption in China has caused sales to drop dramatically.
By Paul Conley • June 5, 2014 -
Hillshire agrees to talk with Tyson and Pilgrim's
The meat processor at the center of a full-scale bidding war says it will entertain offers.
By Paul Conley • June 4, 2014 -
As Annie's sales rise, organic wheat costs hurt bottom line
The natural and organic food maker said sales jumped 33%, mostly on a rise in snack purchases.
By Paul Conley • June 4, 2014 -
New association to promote California wines in Asia
The California Wine Association aims to increase sales in Asia for the state's wineries.
By Paul Conley • June 3, 2014 -
McCain Foods rethinks expansion plans
The french fries maker has put a planned $100 million plant expansion on hold.
By Paul Conley • June 3, 2014 -
Sunny Delight brings energy drink to test markets
Unlike many rivals in the energy drink market, SunnyD X is caffeine-free.
By Paul Conley • June 3, 2014 -
Bidding war update: Pilgrim's boosts offer for Hillshire
The poultry processor increased its offer to $55 a share, topping a previous offer from rival Tyson Foods.
By Paul Conley • June 3, 2014 -
Feds indict former COO of Adams Produce
Steven Finberg is the seventh executive to be charged in connection with alleged fraud at the Alabama company.
By Paul Conley • June 2, 2014 -
Danone commits to sustainable palm oil sourcing
The decision comes after the global dairy giant was criticized in a report by the Union of Concerned Scientists.
By Paul Conley • June 2, 2014 -
Indonesia testing Cadbury chocolates after pig DNA scandal
Officials from the nation, which has the world's largest Muslim population, said they will test to ensure Cadbury products meet halal standards.
By Paul Conley • May 30, 2014 -
Dole Food sells stake in Compagnie Fruitière
The sale ends a 21-year relationship between the two companies.
By Paul Conley • May 30, 2014 -
Wrigley to add Skittles production at Illinois plant
The company plans to spend $50 million on the plant expansion.
By Paul Conley • May 30, 2014 -
Tyson tops Pilgrim's bid for Hillshire, bidding war expected
Tyson Foods outbids Pilgrim's earlier $6.4 billion offer to take control of Hillshire, but the fight isn't over.
By Paul Conley • May 30, 2014 -
Deep Dive
Everything old is new again: The return of 5 classic food brands
Companies are bringing back the food of yesteryear, reviving once-dead brands and mascots.
By Paul Conley • May 29, 2014
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