Wîll Danone acquire Dean Foods?

March 8, 2010
If rumors are correct yes!

Shares of Dean Foods Co, the largest U.S. milk producer, jumped as much as 8.3 percent, fueled by talk that France's Danone could acquire the company. "There is a rumor circulating that Groupe Danone is interested in acquiring Dean Foods. That possibility has spurred call option buying today in the stock," said Jud Pyle, chief investment strategist at Options News Network, a division of option market making firm PEAK6 Investments.

A spokesman for Danone declined to comment on the chatter. A spokeswoman for Dean did not immediately return a call seeking comment.

Analysts questioned whether Dean would be a target for Danone, which has been focusing on growing health oriented businesses like Activia yogurt in the U.S. While Dean does sell Silk soymilk, its dairy milk business is seen as a commodity operation with little pricing power.

"They (Danone) have growth opportunities in health and wellness. I would much rather they focus on that," Morningstar analyst Phil Gorham said.

source: flex-food-news.com


   
 

Kraft handed over Europe to Cadbury's UK Managing Director

March 5, 2010
Mr.Trevor Bond, Cadbury’s UK managing director, has been handed a new role overseeing Kraft Foods’ European businesses.

Mr.Bond is promoted to president (markets) of Kraft Europe, giving him responsibility for the group’s individual national business units.Kraft’s UK and Ireland MD, Mr.Nick Bunker, takes over the combined UK business of Kraft and Cadbury. They will both report to Kraft European president Mr.Mike Clarke.

Mr.Clarke said retaining Bond reflected the “‘best of bothâ...


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"Investment funds push cocoa prices up" complains BDSI of Germany

March 5, 2010

Investment funds buying of cocoa futures are forcing cocoa prices up and damaging chocolate makers, the association of German confectionery producers BDSI said on Thursday. "The BDSI condemns the speculative investment by banks and funds in agricultural commodities which the food industry needs for its production," the association said in a statement. "While this commodity is currently at its most expensive level in 30 years, the price competition in German retailing makes it difficult to pas...


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Selgros Cash&Carry grows in Russia

March 5, 2010

With the opening of the third SELGROS cash-and-carry store, transGourmet - a joint venture of REWE Group and Coop Switzerland - continues its expansion in Russia.

The first SELGROS outlet was opened in Kotelniki near Moscow in 2008; the second one opened in the city of Rjasan in March 2009.

SELGROS cash-and-carry outlets are one of the leading international operators working with a "customer card system" and has around 4 million customers throughout Europe The FEGROS/SELGROS Group currently op...


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Nestle consolidates Russian chocolate business

March 5, 2010

Nestle consolidates its Russian chocolate operations. The company will transfer production of its Komilfo and Ruzanna brands, which are currently manufactured in the Ruza district of the Moscow region, to the company’s Perm and Samara chocolate factories.  Upon the completion of this project, the Samara’s factory will become one of Nestle's largest chocolate factories. . 

Nestle acquired the Komilfo and Ruzanna brands and Ruza confectionery factory in November 2007.

Source: just-food.com

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Nestle buys Mivina of Ukraine

March 5, 2010
Nestle has bought OOO Technocom, Ukraine's biggest producer of convenience foods and condiments, and owner of the Mivina brand.

The financial details of the deal have not been disclosed but, according to Nestle, the acquisition of will strengthen the company's presence in one of the fastest-growing segments of the Ukrainian food market.Technocom will allow Nestle to expand its convenience portfolio at the value end of the market, Nestle also intends to actively promote products under the Mi...


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PepsiCo will build a "chinese wall" to prevent access to Dr. Pepper Snapple information

March 5, 2010

PepsiCo has agreed to set up a ‘Chinese wall’ to ensure that the acquisition of its two largest bottlers does not jeopardise competition with rival Dr Pepper Snapple.

To close its $7.8bn acquisition of Pepsi Bottling Group and PepsiAmericas, PepsiCo agreed to the Federal Trade Commission (FTC) requirement that it prevent sensitive information being accessed by any of its employees who are in a position to use that information against Dr Pepper Snapple. Pepsi Bottling Group and PepsiAmer...


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FDA warns 16 manufacturers for mislabelling...read this in the context of my previous post!

March 4, 2010
 

US food safety officials have written warning letters to 16 manufacturers that claim the companies have broken labelling laws.

Two Nestle divisions, snack group Diamond Foods and pie maker Schwan's Consumer Brands are among those to have received the letters in the last ten days, according to the FDA website.

The FDA letters issue a series of warnings to the companies on the health claims made on product labels and on brand websites.

Nestle divisions Dreyer's Grand Ice Cream and Gerber ...


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About This Blog:


getfoodnews In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document. I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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