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... a spokesman for northern foods told foodmanufacture ... uk that he was worried by the changes at holland’s – which include the recent departure of md ed hyslop – given the recent movement at northern foods ... in 2007 northern announced plans to switch production of some pastry products to ireland at the cost of 50 jobs (as a part of the firm’s merger with the frozen pie arm of irish brand green isle under a common management team) but later ditched the idea ... ” strong northwest brand asked about these concerns, the northern foods spokesman said: “holland’s has been a strong brand in the northwest [of england] for 160 years – long may it continue
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... greencore, which failed in its bid to merge with uk food maker northern foods earlier this year, has been linked to a number of companies since that deal fell through
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... greencore this morning (24 may) revealed that exceptional charges after the group's failed takeover of northern foods dented its first-half profits, despite an increase in sales ... 6m was related to its failed attempt to acquire northern and its takeover of us takeaway food group on a roll ... commenting on the result, greencore ceo patrick coveney said that the company found it "disappointing" that its proposed merger with northern foods fell through
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... but julian wild, corporate finance partner, rollits, said: “i’d be pretty surprised if müller was a potential bidder,” adding that he thought the talk of anyone “prowling around” dairy crest was a natural upshot of market excitement following the northern foods takeover
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... perhaps the biggest m&a story in the uk food sector this week reached the final chapter when ireland's greencore gave up on its pursuit to buy uk rival northern foods ... another uk deal was concluded this week: premier foods plc's disposal of its meat-free business, which has led to the creation of quorn foods - and we interviewed its ceo ... in the spotlight – boparan outfoxes greencore in bid for northernranjit boparan looks set to seal control of northern foods next week, having trumped the merger offer made by irish food group greencore late last year ... just the answer - kevin brennan, quorn foods ceopremier foods plc's decision to sell its meat-free business was seen as a move to reduce a debt pile at the uk's largest food group that, last summer, reached over gbp1 ... the unit, renamed quorn foods, is now in the hands of exponent private equity ... update: ireland/uk: northern pension trustees block greencore's plan to table a revised bid for northern foods was scuppered after the irish company failed to secure the backing of the trustees of its uk takeover target's pension fund ... uk: quorn foods created as premier seals meat-free salepremier foods plc has completed the sale of its meat-free unit to exponent private equity, which has created quorn foods, a company with the aim of developing the world's "leading meat-alternative business"
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... uncertainty continues to surround the future of the uk's northern foods, while local rival premier foods took a step to cut its debt pile with a key disposal ... uk: premier foods sells meat-free division to private-equity firm exponentpremier foods plc, the uk's largest food maker, has sold its meat-free business to exponent private equity for gbp205m (us$328m) ... comment: greencore merger still best bet for northern following the takeover bid from boparan holdings, shareholders in northern foods could be forgiven for feeling confused but, writes dean best, a merger with greencore still appears to be the best option for the uk food group ... just the answer - cargill and abf's uk table-top sweetener launchin the uk, cargill and associated british foods are lining up the introduction of truvia - a table-top sweetener made with stevia that is already on sale in the us ... sectors: ambient, bakery, commodities & ingredients, confectionery, convenience food, dairy, emerging markets, frozen, health & wellness, meat & poultry, mergers & acquisitions, natural & organic, npd & innovation, private label, retail, sustainability & the environmentcompanies: sara lee, greencore, northern foods, cargill, robert wiseman dairies, premier foods plc, carrefour, boparan holdings, associated british foods, wal-mart stores
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... greencore is planning to merge with uk food group northern foods but is facing a potential rival bid from poultry-to-fish processor boparan holdings ... following northern's public support of the merger plans yesterday, greencore used its trading update to insist the move was "a compelling opportunity for value creation for both greencore and northern foods shareholders, through the creation of a business with real scale in the industry and substantial synergies" ... greencore and northern shareholders vote on the merger plans on 31 january
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... boparan holdings has yet to make a takeover bid for northern foods, which said today (13 january) it was co-operating with the poultry-to-fish group but still wanted to merge with ireland's greencore ... northern is planning to combine with fellow own-label manufacturer greencore to create essenta foods, a business supplying uk multiples that will have annual sales of gbp1 ... in a trading update today, northern said it had been "co-operating" with boparan holdings and "providing information" to the business ... northern said its board - and directors at greencore - continued to believe that the companies' plan to merge was a "compelling opportunity" for both businesses ... northern argued essenta foods would be "a leading player in the fast-growing convenience foods sector" ... it would be "a scale business with a strong platform for growth" and, northern added, would generate synergies of gbp40m ... greencore and northern shareholders will vote on the merger plans on 31 january
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... uk: takeover panel issues boparan with northern bid deadlinethe uk's takeover panel has issued boparan holdings with a deadline to bid for fox's biscuits and goodfella's pizza maker northern foods ... india: kraft rejects cadbury takeover tax allegationskraft foods has rejected criticism levelled in a lawsuit lodged in india over its its alleged failure to pay tax in the country on its takeover of cadbury ... canada: high liner foods bids for seafood firm icelandic groupcanada-based seafood group high liner foods has made a eur340m (us$447
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... the uk's takeover panel has issued boparan holdings with a deadline to bid for fox's biscuits and goodfella's pizza maker northern foods ... in november, northern announced plans to merge with irish food group greencore and create a new company, essenta foods ... however, two weeks ago, uk poultry and fish group boparan holdings, owned by food tycoon and northern shareholder ranjit boparan, said it was mulling whether to launch a takeover bid for northern ... boparan holdings had confirmed that it was "at a preliminary stage" in evaluating a possible cash offer for northern, the firm said there was "no certainty" that it would result in an offer being made for the company ... the panel insisted that, by 21 january, boparan either announces "a firm intention to make an offer" for northern, including terms of the deal, or confirm that it does not intend to make an offer ... northern welcomed the panel's move and said it continues to recommend shareholders vote in favour of its proposed merger with greencore at a meeting on 31 january ... "the board continues to believe that the proposed merger with greencore group to form essenta foods offers substantial benefits for its shareholders, customers and employees and will create a convenience foods business with a strong platform for further growth and the potential to realise significant cost savings through synergies," it said
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