Diamond Foods, Inc. has reached a proposed settlement under which the packaged food company would settle the private securities class action pending against the company and two of its former officers.
Net income of The J.M. Smucker Co. in the first quarter ended July 31 was $126.6 million, equal to $1.19 per share on the common stock, up 14% from $110.9 million, or $1 per share, in the same quarter in 2012.
Kate Farms, the creator of Komplete Ultimate Shakes has announced that the first Komplete flavor, Vanilla Bliss, will be present in all 622 of The Vitamin Shoppe locations in the USA as well as online.
Swiss chocolate maker Lindt & Spruengli (LISP.S) said continued improving consumer sentiment in Europe and buoyant demand in North America lifted underlying sales by 8.7 percent in the first half of the year.
UK-based Country Style Foods has completed the acquisition of Poole's Pies, one of the oldest pie and pastry brands in the country, for an undisclosed amount.
University of Kansas scientists have found that infants who were fed formula enriched with LCPUFA from birth to 12 months scored significantly better than a control group on several measures of intelligence.
Singapore-based chocolate confectionery manufacturer Petra Foods has announced that its branded consumer goods business achieved a net profit of US$28.9 million, up 13.2% on the year-ago period.
Grande Cheese Co., a privately-owned company operating five cheese plants and three whey processing plants throughout Wisconsin, has acquired the Juda, Wis.-based whey processing facility of PGP International.
