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Sales sweeten 4Q Hershey results

25-Jan-2002 - Hershey Foods Corp. said on Thursday that fourth-quarter earnings before items rose as higher sales sweetened results for the chocolate giant. The maker of Hershey...

Kraft acquires biscuit producer

16-Jan-2002 - US food and beverage company Kraft Foods Inc. announced this week that it has acquired Australian biscuit producer, Lanes Food Group. Several Nabisco brands have...

Hershey sees higher restructuring charge

09-Jan-2002 - Chocolate giant Hershey Foods Corp. said Tuesday charges for restructuring will be higher than expected, but cost savings will be greater as more employees voluntarily...

Kerry buys two businesses for 50 mln euros

08-Jan-2002 - Kerry, the global ingredients, flavours and consumer foods Group, today announced the acquisition of Aromont S.A. headquartered in Montcornet, France and the proposed acquisition of...

RFM says it completed Cosmos soft drink sale

03-Jan-2002 - Philippine conglomerate RFM Corporation on Thursday completed the sale of soft drink unit Cosmos Bottling Corp to a San Miguel Corp joint venture through a...

Danone revives local plan, cuts capital outlay

02-Jan-2002 - French dairy giant Group Danone is reviving its plans for India. It has now proposed to convert its proposed 80 per cent subsidiary into...

Russian dairy company set to milk offering

02-Jan-2002 - Russia's leading dairy products and fruit juices company is set to launch an initial public offering on the New York Stock Exchange in the next...

ConAgra buys Nestlé snack business

21-Dec-2001 - ConAgra Foods, Inc. announced this week that it has purchased the David & Sons sunflower seeds and snack business from Nestle USA, Inc., a subsidiary...

Danone extends Frucor bid, once more

21-Dec-2001 - French food group Danone on Thursday made a final extension to its bid for New Zealand drinks maker Frucor Beverages Group Ltd but left the...

Comfort food chocolate sales up despite price hike

17-Dec-2001 - Neither a price hike nor the added strain of life in the United States since the terror attacks of Sept 11 have deterred some chocolate...

Heinz earnings rise in 2Q

14-Dec-2001 - Consumer food group H.J. Heinz Co.'s reported this week a rise in second-quarter earnings of 9.6 per cent on the back of strong sales of...

Parmalat sets €100m limit on Galbani buy

13-Dec-2001 - Italian food group Parmalat said on Tuesday it would spend a maximum of 100 million euros ($89.13 million) if it bought Danone's Galbani unit while...

Drop in profit for food and bakery group

05-Dec-2001 - Food and bakeries group George Weston Foods Ltd said on Tuesday it expects its first half profit to be down on the same period a...

Poultry producers in line to cash in on Cuba

27-Nov-2001 - Cuban President Fidel Castro's government was expected to buy more U.S. food products this week, as executives of major poultry producers headed to Havana, a...

Highest bid for Carling from the US

26-Nov-2001 - U.S. beverage company Constellation Brands has emerged as the highest bidder for Britain's leading lager Carling, according to reports, FTMarketWatch comments this week. ...

Dairy company chases dairy producer

26-Nov-2001 - Australian dairy company National Foods Ltd said on Monday it would make a A$77 million (45 million euros) cash offer for Australian dairy producer King...

Strong dairy and bakery growth boosts food processor

22-Nov-2001 - George Weston Ltd., Canada's biggest food processor and distributor, posted higher profits on Tuesday, bolstered by strong growth in its dairy and baking operations. ...

Barry Callebaut maintains targets

21-Nov-2001 - Swiss industrial chocolate producer Barry Callebaut AG on Tuesday reported 2000/2001 results in line with analysts' expectations and maintained its medium-term targets while raising its...

Groupe Danone disappointed over Frucor

19-Nov-2001 - French drink and food company Groupe Danone has shown disappointment that the independent directors of takeover target Frucor Beverages have rejected its bid, an Industry...

Raw sugar contract to Europe threatened

16-Nov-2001 - Small Pacific island sugar producer Fiji has been warned that it could lose a A$350 million (207 million euros) contract to supply raw sugar to...

Dairy Crest consumer food profits rise 76 per cent

15-Nov-2001 - Britain's Dairy Crest Group reported a 39 per cent increase in half-year profits on Wednesday and its shares moved higher after the nation's biggest dairy...

Profits sweet for Associated British Foods

12-Nov-2001 - Associated British Foods Plc on Tuesday reported annual profits at the top of market forecasts and said it aimed to grow future earnings in high-single...

Parmalat creates North American region

07-Nov-2001 - Italian food company Parmalat this week announced the creation of a new organisational structure to focus on strengthening the Company's operation in North America. ...

Dairy commodity prices deteriorate

29-Oct-2001 - The outlook for international dairy commodity prices has deteriorated since the September 11 terrorist attacks on the US and may be slow to recover, according...

Nestlé eyes up Haagen-Dazs

29-Oct-2001 - Swiss food giant Nestle AG is poised to take control of Haagen-Dazs, one of the best-known brands of luxury ice cream, in a deal that...