Weetabix to be sold to Post Holdings for £1.4bn
Weetabix will be sold to US-based cereal maker Post Holdings for about £1.4bn.
Archives for April 17, 2017
Weetabix confirms sale to Post Holdings in £1.4bn deal
The Weetabix ceo has confirmed the sale of the Chinese-owned breakfast food manufacturer to US-based cereal maker Post Holdings, for about £1.4bn.
Sugar and sodium cuts lead global reformulation
More than 180,000 consumer goods were reformulated in 2016, with sugar and sodium the most targeted for removal by the food and drink industry, a global report has found.
Not eating dairy puts young adults’ health at risk
Up to 3M young adults are putting their future health at risk by cutting dairy from their diet, warned The National Osteoporosis Society (NOS), as the number of children drinking milk in schools falls.
Pound recovers after general election news
Sterling bounced back from a temporary dip in value, after Prime Minister Theresa May revealed she plans to hold a snap general election on June 8.
Bakkavor to recruit 100 staff at Bourne factory
Bakkavor is to hire 100 new staff at its factory in Bourne, Lincolnshire, as part of its nationwide recruitment programme.
Hill Biscuits in management buyout after investment
Premium biscuit manufacturer Hill Biscuits has completed a management buyout for an undisclosed sum, after investment from UK private equity firm Lloyds Development Capital (LDC).
Ammonia leak sparks factory evacuation
Staff at part of Addo Food Group’s Poole factory were evacuated last week, after what the firm described as “a controlled ammonia leak” at the site.
2 Sisters tackles food waste in West Midlands
2 Sisters Food Group has teamed up with food poverty action group FareShare to deliver surplus food to charities in the West Midlands.