UK’s R&R Ice Cream, owned by funds controlled by PAI Partners, France, and Nestlé S.A., Switzerland, are in advanced discussions to set up a new joint venture covering ice cream based in Europe and Africa. The proposed joint venture will capitalize on the strengths and innovation expertise of the two companies.
ConAgra Foods, Inc., Omaha, Neb., announced the relocation of its headquarters to Chicago, Ill.
Beginning in the summer of 2016, approximately 700 employees will be located in the new offices in the city’s Merchandise Mart, including the company’s senior leadership team and certain functions of the consumer foods business, which are currently located in Omaha, Neb., and Naperville, Ill.
The Dr Pepper Snapple Group, Inc. (DPS) has reached an agreement to make an equity investment in BA Sports Nutrition, LLC, owner of the BodyArmor SuperDrink—a line of premium sports drinks that will compete with Gatorade and Powerade.
Kraft Foods Group, Inc. shareholders voted Wednesday to approve the sale of the company to H.J. Heinz, creating one of the largest food companies in the world.
ConAgra Foods Inc. announced plans to sell its store-brand food business. The news comes just two years after the company invested $5 billion to purchase private-label food manufacturer Ralcorp, the Associated Press reported.
The Kellogg Company announced yesterday its net sales decreased 2.1 percent to $3.6 billion in the third quarter and its operating profit over the same time was $365 million, a reported decrease of 27.5 percent.
Thanks to social media, a passionate fan base and a love for ‘90s nostalgia, Surge, the citrus flavored beverage from the Coca-Cola Company, has returned after a 12-year hiatus.