More competition from private label players in the natural and organic space is keeping the Hain Celestial Group, Inc. on its toes, said Irwin Simon, president and chief executive officer.
Pilgrim’s Pride has increased its offer to acquire the Hillshire Brands Co., Chicago, to $55 per share in a proposed transaction that is now valued at $7.7 billion.
Although it was able to turn in record sales and earnings during fiscal 2014, bottom-line results fell short of expectations at natural and organic foods maker Annie’s.
Confectionery company Cloetta has announced the acquisition of Ireland-based Aran Candy, the owner of the Jelly Bean Factory brand, for SEK140m ($21m).
Backed by a $1.2 billion financing structure entered into on May 6, TreeHouse Foods, Inc. has the resources to be an active player in the merger and acquisition market.
Sydney pie maker Garlo’s Pies has crossed the State border, releasing a special range of “Maroon” pies in the lead up to the State of Origin, to raise money for a rugby league charity.
Pilgrim’s Pride Corp., which is majority owned by JBS S.A., Sao Paulo, Brazil, has submitted an all-cash offer of $45 per share to acquire the Hillshire Brands Co., Chicago.
Hillshire Brands Co. investor Eminence Capital LLC, one of the meat company’s 20 largest shareholders, plans to vote against the $4.3 billion deal to acquire Pinnacle Foods Inc.