Addo Food Group ‘certain to be sold’ for £100M
Addo Food Group will be sold to private investor Lloyds Development Capital (LDC) for about £100M as part of a management buyout, an industry expert has claimed.
Archives for April 18, 2017
ABF sees £171M half-year profits boost
Associated British Foods (ABF) saw a £171M boost to its operating profits in its interim results posted today, boosted by its ingredients and grocery businesses.
Me and My Factory
How would you spend £14M at a drinks plant?
Coca-Cola Morpeth’s operations director Jane Buckley reveals how she is overseeing an investment of £14M at the plant.
Automation needed to avert a labour crisis
UK food and drink manufacturers should turn to automation as there will be a labour supply crisis regardless of the outcome of Brexit negotiations, a leading economist warns.
Weetabix jobs reassurance sought by union
The Unite union has called for urgent reassurances over the security of its members’ jobs at Weetabix, after the cereal manufacturer confirmed yesterday (April 18) it would be sold to US consumer giant Post Holdings for £1.4bn.
Election 2017
National debate needed on food and farming policy
Politicians should set out their plans to develop the UK’s £108bn food and drink manufacturing sector ahead of the general election on Thursday June 8, insist industry leaders.
Bakkavor opens multi-million pound water plant
Fresh prepared foods manufacturer Bakkavor has opened a multi-million pound water treatment facility at its Cucina Sano site in Boston, Lincolnshire.
Robots will create rather than destroy food jobs
Robotics and automation will create more skilled jobs in the future, despite a report claiming 46% of manufacturing workers were at “high risk” from automation’s introduction by the early 2030s, said the Food and Drink Federation (FDF).
Bernard Matthews seller denies pension claims
The former owner of Bernard Matthews, Rutland Partners, has denied claims made by a select committee, that it was more concerned with “lining its pockets” than safeguarding workers’ rights.
The Big Interview
Typhoo Tea boss thinks outside the bag on Brexit
Typhoo Tea is facing a tough time, but boss Somnath Saha is far from gloomy.
Administrator axes 152 jobs at packaging firm
More than 150 jobs have been axed at a food packaging firm in Essex, after the company entered administration this month.
Dried fruit and nut maker Whitworths put up for sale
Dried fruit, nut and seed supplier Whitworths has been put up for sale.
Bolton Halal ordered to stop using bakery equipment
Bolton Halal Chicken Ltd has been ordered to stop using bread baskets and other equipment belonging to Bakers Basco and its membership, for transporting its products without permission, in addition to paying £3,000 in costs.