Unilever Ghana reports 10% growth in revenue supported by increase in sales

GHANA – Unilever Ghana Limited posted revenues of US$120.35 million (GH¢632m) in 2018, representing a 10 per cent increase from US$109.49 million (GH¢575m) that the consumer good company generated in 2017. The company said that […]

Listeriosis crisis impacts on Tiger Brands performance as revenues decline

SOUTH AFRICA – Tiger Brands, a South African packaged food company, has reported a decline in profits in the six months to end-March following the 2018 listeriosis outbreak that has negatively impacted the performance of […]

South Africa’s Rhodes Food lifts interim operating profit 6% to US$12.04m

SOUTH AFRICA – Rhodes Food, a South African food company, reported an improved performance for the six months to March as operating profits grew 6 percent to US$12.04 million (R173m). Rhodes Food increased turnover by 9.3 […]

Pioneer Foods reports 11.5% growth in half-year revenues to US$768.43m

SOUTH AFRICA – Pioneer Foods, South Africa’s largest food producer, has reported a 11.5% growth in revenues to US$768.43 million (R11.039bn) during its half year results for the period ended 31st March 2019. The company […]

Waitrose in partnership to develop food packaging film from waste shells

UK – British supermarket chain, Waitrose has partnered a Scottish biotechnology company, CuanTec to trial a new food packaging film made from langoustine shells. The partners are exploring the potential for eco food packaging made […]

Tate & Lyle sells Swedish oat ingredients business to Lantmännen

SWEDEN – Global food and ingredients supplier, Tate & Lyle has announced that it has sold its oat ingredients business, based in Kimstad, Sweden, to Swedish agricultural cooperative Lantmännen. Lantmännen has acquired Tate & Lyle’s […]

Kroger agrees to sell Turkey Hill business to private equity firm Peak Rock

USA – Kroger has announced that it has reached an agreement to sell its beverages business, Turkey Hill to an affiliate of Texas based private equity firm, Peak Rock Capital for an undisclosed sum. As […]

General Mills third quarter sales rise 8% with strong contributions from Blue Buffalo

USA – The multinational consumer goods company, General Mills has reported 8% increase in net sales to US$4.2 billion in the third quarter, including contributions from Blue Buffalo Pet Products which it acquired in 2018. […]

2 Sisters completes sale of Green Isle Brands and frozen foods business

UK – 2 Sisters Food Group has announced that it has completed the sale of its Green Isle Brands and Donegal catch frozen foods business to a consortium of investors for an undisclosed sum. The […]

Marfrig’s National Beef acquires Iowa Premium from Sysco for US$150m

USA – National Beef, the Missouri based beef processor and subsidiary of Marfrig Global Foods has acquired Iowa Premium, a meat packer previously owned by Sysco in a transaction valued at US$150 million. Iowa Premium, […]