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Food Industry News
1016 posts
Ingredion hires Boston Beer CFO Diego Reynoso as £3.7bn Tate & Lyle integration looms
Ingredion has appointed Boston Beer Chief Financial Officer Diego Reynoso as its next finance chief, putting an executive with integration and portfolio experience in place before the planned Tate & Lyle acquisition.
a2 Milk revenue reaches NZ$1.97bn but China-label disruption makes FY27 recovery the real test
a2 Milk grew FY26 revenue 12.4%, but China-label sales fell 14%. FY27 now hinges on winning users back and ramping a2 Pōkeno.
Smithfield Foods posts $238m Q2 profit as weaker demand forces guidance reset
Smithfield Foods posted record first-half profit but cut its 2026 outlook as consumer spending weakens. See what is pressuring growth.
Grupo Nutresa revenue rose just 2.4%. So how did EBITDA jump 32% in the first half of 2026?
Grupo Nutresa widened its reported EBITDA margin to 19% in the first half of 2026 as Colombia growth, lower input costs and operational efficiencies outweighed a strong peso. The bigger question is whether that margin expansion can persist while leverage, foreign-exchange effects and regional acquisitions reshape the group.
Solina keeps buying specialized food businesses. Epicurean Butter reveals where its North American strategy is heading
Integris Partners has disclosed new details about the sale of Epicurean Butter to Solina, including a five-month transaction process. The acquisition itself was announced in July, but the adviser disclosure puts fresh focus on Solina’s strategy of assembling specialized food and flavor capabilities across North America.
Milky Mist cuts IPO to Rs 1,553cr after Temasek deal as debt and dairy expansion take centre stage
Milky Mist Dairy Food Limited has reduced its planned initial public offering by nearly 24% after a ₹482 crore pre-listing transaction with a Temasek Holdings unit. The smaller offer still provides substantial growth capital, but investors must decide whether rapid revenue expansion, improving margins and premium dairy demand justify the company’s debt-heavy balance sheet and continued capital intensity.
Why Rise Baking Company’s Jimmy’s acquisition is about more than selling additional cookies
Rise Baking Company has completed its acquisition of Jimmy’s Gourmet Bakery, adding three Northeast manufacturing facilities, established cookie brands and private-label development capabilities as the private equity-backed bakery group continues building a broader North American platform.
Coles Group (ASX: COL) faces private-label scrutiny after ABC tomato paste forensic testing
Coles-brand tomato paste flagged in ABC forensic testing while Woolworths labels passed, adding supply-chain risk to a stock already under ACCC scrutiny.
Nestlé lifts Q2 RIG to 1.8% and prices Peranel water JV with Platinum Equity at CHF 4.5bn
Nestlé lifts Q2 RIG to 1.8% and prices its Peranel water JV at CHF 4.5B, netting CHF 2.8B at H1 2027 close as held-for-sale write-downs cut profit 31%.
Why Cal-Maine Foods’ $924m cash pile matters after its fourth-quarter earnings reversal
Cal-Maine Foods swung to a $35.9m loss as egg prices collapsed. See how prepared foods and specialty eggs could reshape $CALM.