Food and Drink Business news
Posted on the 2nd November 23. in Industry News. The food industry in the UK is a vast and vibrant sector, employing over 4 million people and contributing over £120 billion to the economy each year. However, finding the right food industry job can be challenging, especially in the current economic climate.
Refresco Aquires Whitlock Packaging | FDBusiness.com
Jul 26, 2016 · The Refresco Group, which is Europe’s largest soft drinks bottler, is set to acquire US-based bottler company, Whitlock Packaging for approximately £98m. The Dutch-based soft drinks and fruit juices bottler for A-brands and retailers agreed the deal which represents an EV/adjusted EBITDA multiple of 7.3x and is in line with the average ...
Refresco Completes Acquisition of Whitlock Packaging
Sep 12, 2016 · The acquisition of Whitlock enables Refresco to create a new growth platform in North America with return and synergy potential, similar to Europe. The purchase price is US$129 million (Eur117 million), on a debt and cash free basis. This represents an EV/adjusted EBITDA multiple of 7.3x and is in line with the average multiple paid by Refresco.
Produce World Group Acquires Fenmarc Roots Division
Nov 3, 2014 · Produce World Group, which is one of the largest expert growers and suppliers of high quality fresh vegetables in Europe, has purchased the roots division of Fenmarc Produce, based at Swinderby, Lincolnshire. The move is intended to further strengthen Produce World’s position in the market, firmly establishing it as the UK’s leading grower ...
Tetra Pak – Leading the Way in Whey Processing
July 21. DSS, a Tetra Pak Company, is leading the way in introducing new whey production technology to meet the changing demands of the global dairy industry for more sophisticated whey ingredients and more efficient processing techniques. DSS, which supplies advanced membrane filtration solutions and replacement membranes to the world’s ...
Mondelēz International to Restructure Manufacturing in Ireland
February 27. Mondelez International is to close its chewing gum ingredient factory in Tallaght, County Dublin, and to restructure its Cadbury chocolate manufacturing plants located in Coolock, Dublin and Rathmore in County Kerry, resulting in the loss of more than 200 jobs. At its gum-base production plant in Tallaght, the company has announced ...
Aryzta Completes Acquisition of Fresh Start Bakeries
Jul 8, 2010 · The combined revenue of the Fresh Start Bakeries and Great Kitchens businesses being acquired is $1.03b, with associated EBITDA of $133m. Owen Killian, chief executive of Aryzta. The acquisitions double Aryzta’s manufactured volumes with an additional 30 production locations in 9 countries and permit greater access to a broader customer base ...
Kliro Capital Partners acquires UK’s leading independent alcoholic ...
Jul 24, 2023 · Kliro Capital Partners, a family office investment company with extensive experience in the drinks industry, has acquired 100% of the share capital of the UK’s leading independent alcoholic drinks manufacturer ICB (Intercontinental Brands Limited).
Lifeline for fizzy-drinks manufacturers struggling to source CO2
Sep 14, 2022 · Leeds-based CO 2 Sustain is reminding carbonated drinks manufacturers that its patented additive can cut by 12% the amount of CO 2 needed to add fizz during production, helping to mitigate the pressure on CO 2 supplies while maintaining the same high-quality beverage experience for consumers. The reminder is in response to yet another serious blow for the supply chain, where the low ...
FrieslandCampina to Invest €245 Million to Expand Borculo and ...
Aug 29, 2013 · The member council of FrieslandCampina has approved the construction of a new plant for infant and toddler nutrition and ingredients in Borculo, as well as the replacement and expansion of the processing capacity for evaporated milk products in Leeuwarden, both in the Netherlands. The plans require an investment of Eur135 million in Borculo and ...