FrieslandCampina considers closure of cheese production facility in Bree, Belgium

BELGIUM – Royal FrieslandCampina has said that it is investigating the possibility to close its mozzarella cheese production location in Bree, Belgium since the production facility ‘does not live up to the profitability expectations’. The company said management is considering to stop continuation of operations at the facility as it does meet the company’s long-term…

Premier Foods CEO Gavin Darby to step down, considers Ambrosia brand sale

UK – The British grocery and food manufacturer has said that its Chief Executive Officer, Gavin Darby will step down from the company in January, soon after announcing that it is considering sale of its Ambrosia brand. Darby will be leaving after six years as CEO at the company that has been heavily indebted in…

Kellogg’s considers sale of cookies and fruit snack units to focus on core business

USA - The Kellogg Company has announced that it is looking to reorganize its business in North America and is considering sale of cookies and fruit snacks businesses to refocus and align to core parts of the company. The cookies business portfolio includes Keebler, Famous Amos, Mother's and Murray brands while the fruit snacks category…

2 Sisters sells Manton Wood sandwich business to Samworth Brothers

UK - 2 Sisters Food Group has agreed to sell its Manton Wood sandwich business to Samworth Brothers for an undisclosed sum to enable it focus on key operations. Samworth Brothers is a Leicester based food manufacturer, the owner of Cornish pasty maker Ginsters and the largest maker of certified Melton Mowbray pork pies. According…

Campbell Soup announces plans to sell international fresh food businesses

USA - Campbell Soup Company, has announced significant actions to sell its international fresh food businesses to focus and improve the company’s portfolio, and that the proceeds will be used to significantly reduce debt. According to the company, it is selling its non-core businesses as part of its Board-led strategy and portfolio review to improve…

Tata Global Beverages to exit loss-making subsidiaries

INDIA - The Kolkata based multinational non-alcoholic beverages company, Tata Global Beverages Ltd has announced that it would exit loss-making subsidiaries but has plans to maintain subsidiaries in certain locations due to legal issues, according to an article by ET Retail. The company told shareholders at the annual general meeting that it was focusing on…

HOCHDORF to divest Lithuania milk plant Baltic Milk UAB

SWITZERLAND - The HOCHDORF Group, the producer of natural ingredients such as milk, wheat germ and oil seeds, is parting company with HOCHDORF Baltic Milk UAB. The HOCHDORF Baltic Milk UAB milk plant, which is being taken over by an investment group, was the HOCHDORF Group's first milk plant in the European Union. The sale will take place retroactively to the end of May.…

DuPont divests its alginates business to JRS Group

USA - DuPont has received approval from the European Commission (EC) to divest its alginates business to JRS Group, a manufacturer of functional additives from plant-based raw materials. The divestiture, expected to close in the third quarter 2018 was a requirement set by the EC for its proposed acquisition of FMC’s Health & Nutrition (H&N)…

Bayer-Monsanto bid gets another nod from US Justice Department

USA - Bayer, the German multinational’s US$60 billion bid to acquire Monsanto has received an approval from the US Justice Department after both the companies made divestments to meet anti-trust requirements. The deal between the two forms one of the largest integrated pesticides and seeds company, a sector that has seen robust growth, coupled with…