Aim-listed speciality baker Finsbury Food Group has acquired free-from producer Ultrapharm for a possible £25m ($32.2m) to capitalize on the burgeoning popularity of gluten-free.
Australian cattle processor Western Meat Packers Group has decided to retain its status as a family business, despite acquisition and merger propositions.
Having already formed alliances with PepsiCo, Asahi Group and others over the last three years, China’s Tingyi is looking to further boost its portfolio, according to its chief financial officer.
Murray Goulburn has asked the Australian Takeovers Panel to force Saputo to drop its recent “improved and simplified” offer for in-demand Warrnambool Cheese and Butter (WCB), and reinstate previously proposed special dividends.
While the world’s five biggest dairy players continue to maintain a firm hold on their positions for another year, Rabobank’s annual survey into the industry’s top 20 giants is notable for the ongoing rise of Chinese players and the slippage of US companies...
With reports flooding the wires that Heinz has agreed to sell its Chinese frozen food business, Long Feng Food, to Zhengzhou Sanquan Foods marks the second time in a decade the American major has lost money on a deal in the country.
The Australian Takeovers Panel has rejected SABMiller’s claim that Foster’s published “misleading and deceptive” information in its financial results last week.
