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Industry News

Industry News

We believe it’s critical to remain current with all food-related news and trends. This list is continually updated from thousands of sources around the web and is generated by topix.

Food News

Food news continually updated from thousands of sources around the net.

Premier Foods shares were trading modestly higher Thursday after it reported a fall in first-quarter sales and issued cautious guidance for the quarter ahead. The grocery and frozen food distributor, and one-time bid target of McCormick , said sales were down by 3.1% to A 170.1 million in the the three months ending on July 1, its fiscal first quarter, thanks to weakness in its branded grocery division linked to warmer weather and reduced effectiveness of promotional activity.

Posted: July 20, 2017, 12:50 pm

McCormick & Company's acquisition of Reckitt Benckiser's food portfolio, which includes iconic brands such as French's mustard, place the company within a stone's throw of condiment and sauce category leader Kraft Heinz, according to a senior food analyst with Euromonitor. The deal, announced late July 18, "brings [McCormick] very close to Kraft Heinz's leadership position in the sauces, dressings and condiments in the US, with now just two percentage point difference in share," Lianne van den Bos told FoodNavigator-USA.

Posted: July 20, 2017, 8:13 am

Internationa Flavors & Fragrances, Inc. major shareholder Winder Investment Pte Ltd bought 28,000 shares of the company's stock in a transaction on Tuesday, July 18th. The stock was bought at an average price of $134.96 per share, with a total value of $3,778,880.00.

Posted: July 20, 2017, 3:40 am

Campbell Soup Co. Chief Executive Denise Morrison said Wednesday during the company's investor event that the company will withdraw from the Grocery Manufacturer's Association , a major food association, by the end of the calendar year.

Posted: July 19, 2017, 10:56 pm

And that's exactly what a suburban Chicago company got when Wm. Wrigley Jr. Co. slapped it with a federal trademark infringement lawsuit last week.

Posted: July 19, 2017, 8:38 pm

Tembec is warning that its shares risk falling if shareholders vote next week to reject a US$807-million friendly takeover offer from Rayonier Advanced Materials. Together the investors control a 37 per cent stake in Tembec, enough to block the transaction which requires support by a two-thirds majority vote of shareholders.

Posted: July 19, 2017, 6:21 pm

It's WJZ Maryland's News Station. Click here for WJZ news stories Contact us with your tips, questions, comments & concerns! WJZ-TV anchors and reporters [] 105.7 The Fan VISIT THE 105.7 THE FAN HOMEPAGE Welcome to 105.7 The FAN on CBSBaltimore.com.105.7 along with WJZ-TV and CBS Sports Radio 1300 give you the best Baltimore has to offer.

Posted: July 19, 2017, 3:52 pm

Gloria Brunson holds her bottle of favorite mustard, French's Classic Yellow, outside her home situated on the corner of Mustard Street in Rochester, N.Y., Thursday, May 20, 2004. Gloria Brunson holds her bottle of favorite mustard, French's Classic Yellow, outside her home situated on the corner of Mustard Street in Rochester, N.Y., Thursday, May 20, 2004.

Posted: July 19, 2017, 1:24 pm

McCormick & Co Inc.'s deal to buy the food division of Britain's Reckitt Benckiser Group plc ,coupled with activists going after Procter & Gamble and Nestle SA , has spared a frenzy of speculation in the consumer staples market. McCormick late Tuesday said it had agreed to pay $4.2 billion for Reckitt's food division, which includes French's mustard, Frank's Red Hot Sauce and Cattleman's BBQ Sauce.

Posted: July 19, 2017, 10:55 am

British shares edged up on Wednesday, helped by a buoyant consumer goods sector after Reckitt Benckiser sold its food business to a U.S. company, while disappointing earnings reports sent mid-caps lower. Reckitt Benckiser led gainers after saying it would sell its food business to U.S. spice and herbs company McCormick & Co Inc for $4.2 billion.

Posted: July 19, 2017, 10:55 am

Campbell Soup and B&G Foods are both mid-cap consumer staples companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, valuation, dividends, analyst recommendations, earnings, profitabiliy and risk. Campbell Soup has a beta of 0.34, meaning that its share price is 66% less volatile than the S&P 500.

Posted: July 19, 2017, 6:30 am

Western Gas Partners, LP has been given an average rating of "Hold" by the sixteen research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company.

Posted: July 19, 2017, 4:17 am

McCormick & Co. agreed to acquire Reckitt Benckiser Group Plc's food business for more than $4 billion, a deal that would add French's mustard and After beating out a number of strategic bidders, McCormick could announce the deal as soon as Tuesday evening, said the newspaper, which cited unidentified people close to the situation.

Posted: July 18, 2017, 11:44 pm

Yesterday's article posing the above question between Pepsico and Coca-Cola drew - among many other comments - the above question. It can be evaluated in the same way.

Posted: July 18, 2017, 11:44 pm

There are no bears in Gummi Bears, no geese in Grey Goose vodka and, a class-action lawsuit contends, no real vegetables in Garden Veggie Straws. Annoyed by what they allege is misleading advertising, two men have filed a class-action lawsuit in U.S. District Court in New York against Hain Celestial Group Inc , according to Law360 .

Posted: July 18, 2017, 9:17 pm

A once-famous Pennsylvania firm that allowed its federal trademark protection to lapse can't sue the maker of Ball Park Franks on a false advertising claim, a federal appeals court has ruled. The decision from the U.S. Court of Appeals for the Third Circuit marks a loss for Parks LLC, a company that was the first African-American-own firm to be publicly traded on the New York Stock Exchange.

Posted: July 18, 2017, 7:02 pm

Jolley Asset Management LLC bought a new stake in shares of Tyson Foods, Inc. during the second quarter, Holdings Channel reports. The firm bought 64,077 shares of the company's stock, valued at approximately $4,013,000.

Posted: July 18, 2017, 7:02 pm

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