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News in brief

Beverages show more ‘brand momentum’ than soup for Campbell’s

Campbell Soup Company CEO Denise Morrison has told analysts that the firm’s beverage business and other divisions currently have greater ‘brand momentum’ than its traditional soup business.

Berlin targets customer growth after takeover

Berlin Packaging said its acquisition of packaging distributor Lerman Container will enable it to get geographically closer to customers and expand existing markets in the US.

'More likely' PepsiCo split could see beverages or snacks arms sold - analysts

Leading US analysts believe that major shareholders are pushing for a PepsiCo split that could happen sooner rather than later, and said the firm could spin-out or sell its Americas...

Cider drives profits for C&C

C&C Group has posted annual profit growth in its global alcoholic drinks business, driven by robust growth in cider.

C&C ripe for acquisition, says analyst

Drinks group C&C is ripe for acquisition, according to Phil Carroll, equity analyst at Shore Capital.

Coca-Cola Hellenic hit by perfect political and economic storm

Economic and political uncertainty across its markets and ‘persistent’ input cost pressures have hit Coca-Cola Hellenic's first quarter results, with volume sale declines of two per cent and significant losses...

Sealed Air profits slump

Sealed Air saw Q1 operating profits plummet 29% year-on-year to US$87.5m (€66.6m) because of $48.1m spent integrating Diversey and restructuring in its business.

Performance ‘in line’ with expectations - Rexam

Rexam have announced beverage performance is ‘in line with our plans’ as part of their interim management statement.

Coca-Cola denies Monster takeover rumors

The Coca-Cola Company has denied rumors that it is in talks to acquire Monster Beverage Company, after media reports sent shares in the energy drinks giant soaring on Monday.

Mixed Q1 results for beverage giants

Ball Corporation and Silgan Holdings have reported mixed Q1 results with each identifying differing factors that drove performance.

MeadWestvaco profits slump in Q1

MeadWestvaco has reported Q1 profits plummeted by 23% in their food and beverage segment and warned they expect Q2 earnings to be ‘lower than the second quarter last year’.

Dr Pepper Snapple hints at new TEN launches in 2013 as non-carbonate sales slump

Dr Pepper Snapple Group's net income fell year-on-year in Q1 2012 with a marked slump in non-carbonate sales, although Dr Pepper TEN drove higher carbonates sales, with the firm hinting...

News in brief

ABF hails 'exceptional' Ovaltine growth in developing markets

Associated British Foods (ABF) reports that Twinings Ovaltine continued to perform well in H1 2012 with good growth for tea in the US and 'exceptional growth' for Ovaltine in developing markets.

Cargill agrees sale of juice blends and compounds business to Wild Flavors

Cargill has signed an agreement that will see Wild Flavors acquire its global juice cold blends and compounds business for an undisclosed amount, subject to anti-trust approvals.

News in brief

Alfa Laval delists subsidiary from Indian stock exchanges

Heat transfer, centrifugal separation and fluid handling specialist Alfa Laval delisted the shares of its subsidiary Alfa Laval India from the Bombay Stock Exchange and the National Stock Exchange of...

Coke tight-lipped on multi-million law suit against rPET supplier Pure Tech Plastics

The Coca-Cola Company has declined to comment on a case before an Atlanta court that reveals it is pursuing a claim for millions of dollar against one of its US-based...

Coca-Cola Enterprises CEO drops German acquisition hint

Coca-Cola Enterprises CEO John Brock has hinted that the German market remains a “continuing window” in terms of potential acquisitions for Coke’s third largest worldwide bottler.

Molson Coors snaps up StarBev and plans to push ‘aspirational’ premium brands in CEE

Molson Coors has swooped to takeover Staropramen brewer StarBev for €2.65bn and says it aims to leverage its own premium brands in central and eastern Europe (CEE) citing the success of...

Acquisition will enable the exploration of new glass markets - Ardagh

Ardagh Group has purchased a US manufacturer that will allow them to expand into new markets within the glass industry.

Krones warns Le-Nature fraud case settlement could still strike profits

Krones has warned that settlement payouts regarding its alleged participation in a massive US fraud case could still hit its 2011 bottom line, while the company reports that yearly post-tax...

Menthol and medical foods informing Symrise expansion plans

Ingredient supplier Symrise’s flavour and nutrition division is focused on expansion into the functional food arena as well as strengthening capacity to meet the "high demand" for menthol as the...

‘Innovation’ key to powdered and liquid beverage strength, Nestlé CFO

With a nod towards strong double-digit growth in powdered and liquid beverages for 2011, Nestlé CFO Jim Singh attributed the firm’s 2011 success to innovation within the marketplace.

Diageo pours cold water on P.Diddy tequila rumour, but toasts stellar Scotch performance

Diageo said today that super premium Scotch had been a stellar Chinese performer in the first half of 2011/12, but the firm poured cold water on press reports that US...

GEA food sector acquisitions focus after 2011 results boost

GEA has vowed to continue its focus on food sector acquisitions after the company’s newly acquired Convenience Food Technologies segment helped drive 2011 sales and revenue.

‘Our business was built for (volatile) times like these’, Coke CEO

Coca-Cola Company CEO Muhtar Kent says the company fourth quarter (Q4) and full-year 2011 growth – despite economic volatility, volatile commodity markets and natural disasters – testifies to the strength of the business.

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