Kellogg’s net sales grow in Q2 as Treehouse suffers from decreased demand for private label

USA – American multinational food manufacturing company Kellogg Company has reported a strong second-quarter boosted by increased sales in emerging markets.   Reported net sales for the quarter were up 2.6% year-on-year to US$3.56 billion, reflecting favorable foreign currency translation.  Emerging markets were the start performers for Kellogg in Q2 with Kellogg Asia Pacific, Middle East, and Africa delivering the strongest growth in net sales.  According to the financial release, sales in this region were up 23%  – driving a 24% reported net sales increase.   Growth was broad-based across the region, with Kellogg’s Multipro business in Nigeria…

Read More

Tree house sells ready-to-eat cereal business to Post Holdings for US$85m

US – TreeHouse Foods, a leading multinational food processing company based in the US, has simultaneously signed a definitive agreement and completed the sale of its ready-to-eat cereal business to Post Holdings for $85 million. The deal encompasses the entire ready-to-eat cereal business which includes two manufacturing facilities, in Lancaster, Ohio and Sparks, Nevada. The facilities are reported to have production capabilities spanning batch and extruded products. The transaction also includes a research and development facility in Sauget, Illinois, as well as inventory valued at approximately US$30 million. “This transaction…

Read More