Simply Good Foods CEO Sets Out Stall to Fix “Executional Challenges”
Simply Good Foods CEO Joe Scalzo, back on the helm since January, outlined a turnaround plan aimed at fixing the executional challenges that drove a Q2 loss and a full‑year outlook cut. He pledged renewed investment across the portfolio, pricing actions to counter inflation, supply‑chain efficiency drives and undisclosed job cuts. Scalzo highlighted Quest as the growth engine, a retail reset for Atkins despite near‑term decline, and a marketing push for OWYN’s plant‑based protein line. He also noted that GLP‑1 weight‑loss drugs are reshaping consumer demand toward nutrient‑dense, low‑calorie foods, aligning with the company’s brands.
Singapore’s Olam Group Reshuffles Executive Team
Singapore‑listed Olam Group announced a sweeping executive reshuffle at its April 27 AGM. Long‑time chairman Lim Ah Doo will step down after nine years, with deputy chairman Yap Chee Keong taking the chair, while co‑founder Sunny Verghese hands over the...
Fruit Group Capespan Names New CEO Amid Changes to Management
South Africa‑based fresh‑produce marketer Capespan has named long‑time commercial director André de Klerk as its new chief executive, effective immediately. He succeeds Charl du Bois, who stepped down after a tenure marked by strong growth. The reshuffle also sees CFO Jolanda van Heerden...
Questions Cloud Latest Danone Link to Mead Johnson
Danone has engaged Centerview Partners to assess a possible acquisition of Mead Johnson, the infant‑formula business Reckitt Benckiser labeled non‑core after buying it for roughly $17.9 bn in 2017. The move revives interest first reported in 2009 and follows a series...
CH Guenther & Son Buys Tortilla Maker Les Aliments Mejicano
CH Guenther & Son has acquired Canadian flour‑tortilla maker Les Aliments Mejicano, adding two Montreal production sites and about 80 employees, bringing its total workforce to roughly 5,500. The deal expands CHG’s manufacturing footprint and product range, including multigrain and...
Simply Good Foods Slashes Outlook, Slips to Second-Quarter Loss
Simply Good Foods announced a sharp downgrade of its fiscal 2026 outlook, projecting adjusted EBITDA 19%‑22% lower at $217‑$225 million and net sales down 7%‑10% to $1.31‑$1.35 billion. Gross margins are expected to shrink by 300‑350 basis points, and the company posted...
French Food Giant LDC to Beat Sales, Earnings Targets
French poultry and prepared‑foods group LDC reported full‑year revenue of €7.28 billion, a 15% increase year‑over‑year (about $8.5 billion) and a 7.6% rise on a like‑for‑like basis. The company’s fourth‑quarter sales jumped 12.5% to €1.98 billion ($2.31 billion), driven by strong poultry consumption, price...
Hispanic Foods Firm Teasdale Eases Debt “Burden” With New Owner
Teasdale Latin Foods, a leading Hispanic food supplier, has been acquired by a Knighthead Capital Management‑led group, eliminating roughly $300 million of debt and markedly improving its liquidity. The deal retains CEO Tim O’Connor and the existing management team while adding...
Nomad Foods Makes Exec Changes in Europe
Nomad Foods announced two new European presidents to boost commercial execution. Jon Fernandez de Barrena will lead Southern Europe operations covering France, the Netherlands, Italy and Spain. A yet‑to‑be‑named president will later oversee Central Europe, including the Nordic and DACH...
“We Need to Understand the ‘Why’” – Valio Innovation VP Talks Protein, GLP-1 and AI
Valio’s innovation chief, Dr. Kevin Deegan, says the dairy co‑op is riding a surge in protein demand while eyeing the emerging influence of GLP‑1 weight‑loss drugs. The company splits its focus 65:35 between value‑added consumer goods and ingredient sales, leveraging...
Fortenova Marks Agriculture Sector Exit with Vinka Plus Sale
Croatia’s Fortenova Group has completed its exit from the agriculture sector by selling its fruit and vegetable business Vinka Plus to the Osatina Group. Vinka Plus, which operates the Borinci orchard and controls roughly 800 ha of state‑owned farmland, had shut its loss‑making...
South Africa’s RCL Foods Adds Martin and Martin to Pet Portfolio
South Africa’s RCL Foods agreed to acquire pet‑food maker Martin and Martin for roughly $42.3 million, expanding its portfolio beyond dry products into wet food and treats. The Cape Town‑based brand, which includes Husky, Pamper, Beeno and Bob Martin, reported $4.6 million...
Iran War: FAO Food Commodity Price Index Rises in March
The UN’s FAO Food Price Index climbed to 128.5 points in March, a 2.4% month‑on‑month rise marking a second consecutive increase. All five commodity groups – cereals, vegetable oils, meat, dairy and sugar – posted higher prices, led by a...
JBS Staff in US Agree to End Strike as Talks Set to Begin Again
Workers at JBS’s Greeley, Colorado beef plant ended a three‑week strike on April 7 as contract talks resume on April 9‑10. The United Food and Commercial Workers Local 7 union, after eight months of stalled negotiations, accused JBS of prioritizing profits, offering only...
Fortenova Accepts Takeover Bid for Croatia Meat Group Pik Vrbovec
Croatia’s Fortenova Group has accepted Bosqar Invest’s binding offer to acquire 100 % of meat producer Pik Vrbovec, completing another step in its post‑Agrokor divestiture programme. The deal follows Fortenova’s debt‑cutting campaign that reduced gross debt to €650 m and its recent...
LatAm Cuisine Firm El Latino Signs Private-Equity Deal
El Latino, a Doral‑based Latin American food producer, has partnered with private‑equity firm Apex Capital to accelerate its U.S. expansion. The deal brings Apex’s food‑industry expertise, derived from Grupo Mariposa, while keeping founder María Elena Ibañez as president. El Latino’s...
United Petfood Enters Canada
United Petfood has entered the Canadian market by acquiring the Jupiter dry‑pet‑food plant in Drummondville, Quebec, from the Legault Group. The facility, which began operations in 2023, features the latest production technology and offers room for further expansion. CEO Dries...
Sushi Suppliers Eat Happy, Hana Discuss Merger
Germany's Eat Happy Group and Hana Group's European sushi operations are negotiating a merger, backed by a strategic investment from One Rock Capital Partners. The combined entity would cover roughly 5,800 points of sale across 14 European countries, linking Hana's...
Tyson Foods to End Production at US “Prepared Foods” Plant
Tyson Foods announced the shutdown of its prepared‑foods plant in Rome, Georgia, citing the single‑customer model as no longer viable. The closure follows a broader restructuring that includes the recent Nebraska beef‑plant shutdown and a shift toward higher‑margin chicken operations....
Apetito Secures Planning Approval for New UK Factory
Apetito, the German ready‑meals provider, secured planning approval for a new UK production site dubbed Kitchen West in Trowbridge. The factory will be built on the former Pie Site adjacent to the existing Mill Site, with construction slated to begin...
Pure Foods Tasmania Adds to Seafood Arm Through M&A
Pure Foods Tasmania announced a share‑based acquisition of Sydney‑based Brilliant Food Australia for A$300,000 (≈US$206,000). The deal lifts the company's 2025 revenue outlook by roughly 24%, adding an estimated A$1.3 million (≈US$892,000) in annualised sales and shifting margins from a 12.5%...
UK Food Inflation to Hit 9% by End of Year, Trade Body Forecasts
UK food inflation is now projected to reach between 9% and 10% by year‑end, up sharply from the 3% forecast made in September. The Food and Drink Federation attributes the surge to the closure of the Strait of Hormuz, which...
Grass-Fed Claim Could Mislead Consumers, Fonterra Admits
Fonterra has settled a Greenpeace lawsuit by acknowledging that its “100 % New Zealand Grass‑Fed” label could mislead consumers. The company will remove the combined claim from Anchor butter packaging, retaining only “Grass‑Fed,” while Greenpeace highlighted the use of imported palm kernel...
Jobs to Go at High Liner as Q1 Margins Squeezed
High Liner Foods announced a 9% reduction of its North American workforce, cutting 35 jobs, as the Canadian seafood producer grapples with squeezed Q1 margins. For the 53‑week period ending Jan. 3, 2026, revenue rose 7.1% to $1.02 billion, but adjusted EBITDA...
Ambienta Acquires Plant-Based Group The Bridge
Ambienta, a sustainability‑focused asset manager, has acquired a majority stake in Italian plant‑based dairy group The Bridge, while the founding Negro Marcigaglia family will reinvest and remain involved in the business. The Bridge, founded in 1994, produces vegan drinks, yoghurts and...
Paulig Agrees Sale of Risenta Brand to Midsona
Finnish food group Paulig agreed to sell its Risenta brand to Sweden's Midsona for Skr 45 million (about $4.7 million). The transaction includes the brand, IP and production lines but no staff, and is slated to close by 1 June pending regulatory approval. Paulig...
UK Food, Drink Export Volumes Rise in 2025 Despite US Tariffs
UK food‑and‑drink exports rose 6 % in volume to 8.9 bn kg and 1.3 bn L in 2025, while export value reached a record £25.6 bn ($33.8 bn), up 4.8 %. Despite the rebound, volumes remain 31 % below 2019 levels and EU trade still accounts for 62.5 % of...
Mars CEO Gets Board Role at GLP-1 Supplier Novo Nordisk
Novo Nordisk appointed Mars CEO Poul Weihrauch as a board observer for the 2026/27 term, with a view to nominating him as a full director in 2027. The move taps his deep FMCG experience as GLP‑1 weight‑loss drugs like Ozempic and...
T&G Global Hires Goldman Sachs to Work on Possible Sale
T&G Global Limited has hired Goldman Sachs to run a sales process as its majority shareholder, Germany's BayWa AG, looks to divest its stake. BayWa, which posted a €1.6 bn (≈$1.86 bn) loss in 2024, announced the intention in December and T&G...
Laird Superfood CEO Talks up Sales Benefit of Navitas Deal
Laird Superfood completed a $38.5 million acquisition of Navitas, adding shelf‑stable organic powders and drinks to its lineup. The deal, financed by a strategic equity investment from Nexus Capital Management, gives the private‑equity firm a controlling stake while providing cash for...
United Petfood Buys Factory in Türkiye with Local Partner
Belgium’s United Petfood and Turkish partner Lider Petfood have jointly acquired a 30,000 m² dry pet‑food plant in Kırklareli, Turkey. The deal, announced on 27 March, aims to satisfy surging domestic and international demand and leverages the site’s proximity to Istanbul as...
US Rice-Products Firm Lundberg Family Farms Names New CEO
Lundberg Family Farms announced the promotion of Suzanne Sengelmann from chief growth officer to chief executive officer, making her the first woman to lead the 85‑year‑old rice‑products company. She succeeds Craig Stevenson, the firm’s first non‑family CEO, and is credited...
Beauty From Within: Exploring the Potential of B. Breve M-16V in Skin Health
Morinaga Milk Industry highlighted its Human‑Residential Bifidobacterium breve M‑16V strain as a probiotic that can improve skin health via the gut‑skin axis. Clinical trials showed M‑16V increased intestinal bifidobacteria and reduced dermatitis symptoms, while also diminishing brown spots in healthy...
Le Duff Snaps up Spanish Bakery Peer Panamar
Le Duff Group announced the acquisition of Spain‑based bakery Panamar for more than €1 bn (about $1.15 bn), marking the largest deal in its history. Panamar, a family‑owned producer of bread, Viennese pastries and pâtisserie, reported a projected €600 m ($660 m) turnover this...
Synlait Outlines “Recovery Roadmap” After H1 Loss
Synlait Milk posted a half‑year net loss of NZ$80.6 million (≈US$47.5 million) and an EBITDA loss of NZ$35 million (≈US$20.7 million), after a profit warning a month earlier. Net debt surged 88% to NZ$472.1 million (≈US$278 million), while revenue modestly grew 3.5% to NZ$949 million (≈US$560 million). The...
Premier Foods ‘Eyeing UK Pizza Business Crosta Mollica’
Premier Foods is reportedly weighing a £200 million offer for Crosta Mollica, the UK‑based maker of premium frozen pizzas, pasta and Italian flatbreads. The move follows a series of acquisitions under CEO Alex Whitehouse, including Merchant Gourmet, Fuel10K and The Spice...
Valeo Foods Buys Bulgaria Snacks Business Prestige-96
Valeo Foods announced the acquisition of Bulgaria’s Prestige‑96, a maker of biscuits, wafers and mini‑cakes, marking its eighth M&A deal since 2022. The undisclosed‑price transaction adds brands such as Naya, Hyper and Mirage and retains Prestige’s 450‑person workforce. Valeo, backed...
Tulkoff Foods Snaps up Celtrade Canada to Expand Private-Label Presence
Tulkoff Foods, a Baltimore‑based sauces and dressings maker, has acquired Toronto‑headquartered Celtrade Canada, the private‑label arm of Stir Foods. The deal expands Tulkoff’s product portfolio to include a broader range of cooking sauces, infused oils, vinegars, spreads and dressings for...
Freshpet Should Stop “Human Grade” Claims, US Ad Body Says
Freshpet was ordered by the BBB National Programs’ National Advertising Division (NAD) to stop using "human grade" language in its dog‑food advertising after a challenge from rival The Farmer’s Dog. NAD found two of three reviewed ads implied the product...
Vicky Foods Agrees to Buy Sliced Bread Brand Panrico
Vicky Foods has signed an agreement to acquire the Panrico bakery brand from Adam Foods, adding a production site in Gulpilhares, Portugal. Panrico posted a €23.8 million turnover last year and operates three sliced‑bread lines with a 21,000‑tonne annual capacity. The...
“We Are Acquisitive…and Active in Deals Right Now” – Glacier’s Matt Frost on Europe’s Ice-Cream Market
Glacier, backed by Davidson Kempner and Afendis Capital, has merged Gelato d’Italia and Ysco to create a €600 m private‑label ice‑cream platform across five European factories. The company positions itself as a consolidator in a fragmented market, focusing on co‑manufacturing and avoiding...
MHP-Controlled Uvesa to Buy Spanish Poultry Peer Payán Hermanos
Uvesa, the Spanish meat group now 92% owned by Ukraine’s MHP, announced the acquisition of fellow Spanish poultry producer Payán Hermanos. Financial terms were not disclosed. The deal aligns with Uvesa’s strategy to expand its poultry footprint in Spain and...
Anecoop Adds to Supply Network with Marfruit Acquisition
Spanish cooperative Anecoop has acquired fresh‑produce grower Marfruit, adding roughly 50,000 tonnes of fruit and vegetable capacity to its portfolio. Marfruit contributes about 2,000 hectares of production across Valencia, Murcia and Castilla‑La Mancha, including 30,000 tonnes of melons, 6,000 tonnes of broccoli and...
Alicorp Moves for Flora Food Group Assets in Latin America
Alicorp has signed an agreement to acquire Flora Food Group’s operations across seven Latin American markets—Guatemala, Panama, the Dominican Republic, Colombia, Ecuador, Peru and Chile—while excluding Brazil and Mexico. The deal includes a manufacturing plant in Cali, Colombia, and brands...
Rise Baking Expands US Plant, Closes Another
Rise Baking announced a 115,000 sq ft expansion of its Pleasant View, Utah facility, boosting total space to over 257,000 sq ft and creating roughly 170 new jobs. The upgrade adds infrastructure improvements such as wastewater management and energy‑efficiency measures, supporting higher pie production...
Former Hearthside Business Maker’s Pride to Close Two US Plants
Maker’s Pride, the contract manufacturer spun out of Hearthside Food Solutions' Chapter 11, announced it will shut its Salt Lake City, Utah and Shakopee, Minnesota facilities in the third quarter. The closures follow a 2024 restructuring that erased roughly $2 bn of...
Löfbergs CEO to Leave Coffee Group for Humble Hot Seat
Anders Fredriksson, CEO of Swedish coffee group Löfbergs since 2021, will step down to take the helm of FMCG conglomerate Humble in September. He succeeds founder Noel Abdayem, who has served as interim CEO since October after Simon Petrén's exit. Löfbergs reported...
TasFoods Appoints Administrators
TasFoods announced on 12 March that it has entered voluntary administration after an unsuccessful attempt to sell its core Nichols Poultry unit. The board appointed KPMG partners Tim Mableson, David Hardy and Emily Seeckts to oversee the process and explore a...
Kraft Heinz Plan to Close NZ Factories “Devastating”, Union Says
Kraft Heinz’s New Zealand arm, Heinz Wattie’s, announced plans to shut factories in Auckland, Christchurch and Dunedin, putting roughly 350 jobs at risk. The closures will end production of Wattie’s frozen vegetables and several branded lines such as Gregg’s coffee and...
Damm to End Operations at Mallorca Dairy Facility
Spanish drinks group Damm announced it will cease production at its milk and milkshake plant on Mallorca. The closure will affect 14 employees, for whom the company is preparing a redeployment plan to move them within other business units. The...
