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Headlines > Financial

Belgians eye French market

Ter Beke, the Belgian ready meals and processed meat producer, has signed a letter of intent to buy the ready meals arm of French group Agis for an undisclosed sum.

ConAgra sells chicken processing business

ConAgra Foods, one of America's largest packaged food companies, has announced the sale of its chicken business to Pilgrim's Pride Corporation.

Processing profits

Smithfield Foods, the world's largest pork processor, has announced fourth quarter sales of $1.9 billion (€1.6bn).

Tyson completes plant expansion

Tyson Foods, America's largest provider of chicken, beef and pork, announced this week the completion of its newly expanded and upgraded laboratory in Arkansas, just south of company's world headquarters.

Nutreco and Genex merge breeding operations

International food company Nutreco and Canada-based Genex Swine Group signed a Memorandum of Understanding today. This concludes the merger between Nutreco's swine genetics company, Hypor, and Genex.

ISP taps South American market

International Specialty Products (ISP) continues to consolidate its position on the ingredients market with the news this week that it has acquired Brazilian ingredient systems company Germinal.

Dakota Beef and COLA to supply EU organic market

Meat processor Dakota Beef has signed an agreement with the Canadian Organic Livestock Association (COLA) to provide certified organic beef to the European Union.

Gelita to rebrand its national divisions

All national divisions of the gelatine manufacturing group Gelita will operate under the same name from 1 June 2003.

Duc looks abroad to combat declining sales

With the French poultry sector in decline as a result of falling prices, increased competition and overproduction, Duc is looking to foreign markets - and innovative products - to help...

Ready meals drive Fleury Michon growth

Further growth from its ready meals continued to push up sales at French prepared meats group Fleury Michon in the first quarter of 2003. And there are still plenty of...

Kerry expands into meat seasoning

Burgeoning Irish ingredients, flavours and consumer foods group Kerry continues on the path to growth this week with the announcement that it has acquired a meat seasoning business in the...

Cremonini returns to the black

Italian meat packer and foodservice operator Cremonini has reported net profits of €2.5 million for 2002, a welcome return to the black after the company incurred losses totalling some €13.5 million in 2001.

BHJ in cooperation with Danpo and Rose Poultry

The BHJ Group has made and agreement with Danpo and Rose Poultry to expand cooperation regarding utilization of by-products from the Danish poultry slaughterhouses through a joint venture.

Meat group to bid for roadside restaurants

Cremonini, the Italian processed meat and foodservice group, has joined forces with Compass to bid for licences to operate service station restaurants throughout Italy - a market worth more than...

Campofrio: satisfactory performance in turbulent year

A year of reorganisation and consolidation for Spanish meat group Campofrio ended with slight declines in sales and profits. But the company's East European operations performed particularly well during the...

Migros group sales top SF4bn mark

The 14 member companies of the Migros food group in Switzerland have generated combined sales of SF4bn for the first time ever, helped in particular by strong export sales from...

Fleury Michon boosted by ready meal success

A particularly strong performance from the cooked meats and ready meals unit helped France's Fleury Michon to post sales in excess of even its own bullish expectations in 2002 -...

Buffalo Grill hit by BSE allegations

A 40 per cent decline in customer numbers in the last few weeks of December as a result of allegations of fraud relating to the BSE crisis has impacted annual...

Unilever on the right track

Europe's second largest food group Unilever has said it is well on track to meet its sales and earnings targets for 2002, proof that its Path to Growth programme is...

Diageo sells BK - again

Diageo has once again agreed to sell the Burger King fast food chain to an investment group led by the Texas Pacific Group - but this time for $1.5bn rather...

Prepared foods growth boosts Geest

Continued growth in the prepared foods market in the UK has helped Geest to a 16 per cent rise in sales in the first 10 months of 2001. And the...

Koc heading for food market dominance

Turkey's leading private sector company, Koc, is to merge its four food business units into one group under the Tat name. The diversified company will become the leading player in...

Sandwiches, ready meals lift Greencore results

Increasing demand for convenience food products - ready meals and sandwiches in particular - helped Irish food group Greencore to a 23 per cent rise in sales last year. With...

Strong rise in pre-tax profits at Cranswick

Yorkshire-based food producer Cranswick has reported strong interim results, with both profits and turnover showing good double-digit growth. And the recent acquisition of sandwich maker NWF should help the processed...

Northern bullish as Christmas approaches

The run up to Christmas is an important time for Northern Foods, the main supplier of own-label pizzas, biscuits and frozen food to many leading UK retailers, but the company...