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The latest financial news from the food and beverage industry.
News
Blue Pacific Flavors, a developer and manufacturer of natural and organic-compliant fruit flavours, has confirmed a strategic capital investment by an Asian agribusiness group, Wilmar International.
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Skinny Nutritional Corp the maker of Skinny Water, has completed a transaction with Ironridge Global IV, for the settlement of approximately $1,255,000 of outstanding debt.
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Jones Soda has entered into a definitive agreement with institutional and accredited investors to sell common stock and warrants in a registered direct offering with gross proceeds of approximately $3
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The latest financial news for 2 February 2012 includes Unilever, Dairy Crest, Embotelladora Andina, Compania Cervecerias Unidas and Coca-Cola Embonor.
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Ball Corporation has agreed to repurchase approximately $200m of its outstanding common stock in a privately negotiated accelerated stock repurchase transaction with JP Morgan.
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McErlain’s Bakery, a Northern Ireland artisan baker, has almost tripled sales in Britain in the past two years through a commitment to exports, innovation and a strong customer focus.
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Pentair, a water solutions and technical products company, has announced full year 2011 sales of $3.5 bn, an increase of 14% from the previous year.
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Stevia Corp has entered into an Equity Purchase Agreement of up to $20,000,000 of the company’s registered common stock by Southridge Partners, an investor based in Ridgefield, Connecticut (US).
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The AFFI and a coalition of more than 30 food groups have urged senior administration leaders to develop a budget request that funds the FDA food safety programmes.
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Premier Foods this week begins a concerted programme of TV advertising as part of its strategy to double marketing spend to more than £50m in 2012 to help restore growth.
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ThermoSafe Brands, a business unit of Sonoco, has confirmed a price increase of 4–7% across most of its product portfolio, effective March 5.
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Reports suggest that buyout firm Kelso & Co is relinquishing control of DS Waters of America.
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The latest financial news for 27 January 2012 includes Starbucks and Tata Global Beverages.
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The Irish Dairy Board (IDB) has completed the re-financing of its existing €250m syndicated banking facility replacing it with a new three year syndicated bank loan facility of €350m.
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Nestlé UK has unveiled proposals for a further £200m extension to its Nescafé factory in Tutbury, Derbyshire (UK).
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In 2012, Arla Foods will invest in a stronger dairy structure, the processing of whey ingredients and more focus on growth markets, with the aim of increasing Arla’s international competitiveness.
News
GlaxoSmithKline (GSK) has revealed that its malted milk beverage, Horlicks, is India’s top packaged beverage behind bottled water and sells more than twice as much as Pepsi, according to Bloomberg.
News
Irish dairy firm Glanbia will establish new corporate s for its US cheese operations in Twin Falls, Idaho at a cost of $15m (€11.6m).
Report
Research and Markets has released the *Hot Beverages Market Assessment 2011 report,* which shows the last year has been a prosperous one for the hot beverages market.
News
Horizon Organic has confirmed a short-term pay price increase and extension to its more than 600 family farmers.
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The Royal Horticultural Society (RHS) is concerned that this year’s mild winter may lead to smaller fruit crops this autumn with a subsequent rise in prices.
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NutraCea has confirmed final payment of all amounts due to creditors under the terms of its plan of reorganisation.
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NPC has entered into an ASA with Pizza Hut, and affiliates (PHI) pursuant to which NPC has agreed to purchase from PHI 36 Pizza Hut units for $18.8m in cash, plus an additional amount for inventory.
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The latest financial news for 19 January 2012 includes Chr Hansen, Imperial Sugar, Coca-Cola Içecek, C&C and Asahi.
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Fonterra has broken its record for the highest export month with 246,000 tonnes of dairy products loaded on ships during December 2011 boosting New Zealand’s economy by $1.3 billion for the month.
News
Ralcorp Holdings, has confirmed that its Board of directors approved the separation of its subsidiary, Post Holdings.
Opinion
Bevblog.net has recorded a total of 468 food and drink sector transactions announced during 2011.
News
Müller and Robert Wiseman have reached agreement on the terms of a recommended cash offer to be made by Müller Dairy (UK) for the entire issued and to be issued ordinary share capital of Wiseman.
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A rolling programme of strike action is set to hit corporate giant Unilever’s UK operations as workers step up action to defend their pension scheme.
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Organic Valley, has their 2011 year-end results, which include bringing on 212 new farmers in regions in the US for 12% member growth across the country.
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Leeds-based (UK) Glisten, one of Europe’s manufacturers of confectionery, snacks and cereals, has announced plans to significantly expand its product range and seek out further business opportunities.
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Stephan Shakespeare, CEO and co-founder of YouGov, wrote an article using BrandIndex, a daily online brand tracking tool, back in December 2011 in which he made observations using data on Tesco.
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Unions representing thousands of employees within Unilever UK have written to the pension fund trustees to urge them not to close the final salary pension scheme.
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Philip Clarke, Tesco chief executive, has released a statement in response to seasonal trading performance in the UK.
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Hostess Brands and its five subsidiaries have filed voluntary petitions for reorganisation under Chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York.
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Glacier Water Services has raised a total of $20m, $10m from the sale of 500,000 shares of common stock and $10m from the sale of $12.5m in principal amount of 9.0625% subordinated debt due in 2028.
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The latest financial news for 12 January 2012 includes Tesco, Budejovický Budvar, Constellation Brands, Nichols and Cargill.
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Prime Restaurants has completed the arrangement pursuant to which 7948883 Canada, acquired all of the issued and outstanding class A limited voting shares of the company.
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A&P has filed a motion with the US Bankruptcy Court for the Southern District of New York seeking approval to close 14 stores in four states as the company prepares to emerge from Chapter 11.
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Sensient Technologies has begun the next phase of a series of investments to improve the infrastructure of its UK flavour facilities.
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Waterlogic plc has agreed to acquire the entire issued share capital of Det Stavangerske Kaffeselskap for a total cash consideration of US$1.46m.
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Waitrose has enjoyed strong Christmas sales, with online performing particularly well.
Report
As My Secret Kitchen predicted last year, money will be a key factor in the food trends for 2012.
News
Stora Enso has signed an agreement with the European Investment Bank (EIB) for a €150m loan to be used for the new container board machine investment project at Ostrołęka Mill in Poland.
Opinion
Shaun Weston, managing editor of FoodBev.com, sends Christmas greetings on behalf of the FoodBev Media team.
News
The latest financial news for 21 December 2011 includes Rémy Cointreau, Britvic, NutraCea, Royal Unibrew, Laurent-Perrier and General Mills.
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Alpcot Agro AB offers to acquire all outstanding shares and related instruments in Landkom International PLC.
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Beam Inc has entered into an agreement to purchase Cooley Distillery, an independent Irish whiskey producer.
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Coca-Cola Hellenic Bottling Company has completed, together with Heineken, the acquisition of 41.2% of minority shares in their joint venture company, Pivara Skopje.
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Carlsberg Breweries has entered into a new 5-year revolving credit facility of €800m with a selected group of relationship banks.
