JBT Corporation has acquired PLF International for £28m ($37m), which designs and manufactures powder filling machines for the food and beverage industry.
Coca-Cola Hellenic Bottling Company (HBC), a bottler of The Coca-Cola Company, has reported its financial results for the full year ended 31, December 2016.
Dr. Pepper Snapple Group (DPS) experienced modest volume growth of 1% for the full-year ending December 31, 2016, largely due to positive performance of the company’s water portfolio, which was offset by low growth in soda sales.
ChemChina, one of China’s largest chemicals group, is set to acquire KraussMaffei Group and its brands KraussMaffei, KraussMaffei Berstorff and Netstal, for €925m.
Britvic’s £114M buyout of the Brazilian soft drinks firm Ebba will provide a significant boost to turnover, the manufacturer announced after revealing third quarter (Q3) revenues up by just 1% to £322.3M.
Coca-Cola Hellenic boss Dmitris Lois said today that Nigeria remains a ‘key growth driver’ for the group despite the negative effects of terrorist group Boko Haram on its operations in the country’s northeast.
PepsiCo has met or exceeded its 2014 financial targets, and CEO Indra Nooyi says the company’s innovation pipeline is possibly its strongest ever, forecasting resilience to a volatile global macro environment.
The Coca-Cola Company says the US market can help offset global challenges in 2015, warning that 2015 will be a ‘transition’ year while initiatives take hold.
While mainstream food retailers discovered kombucha later than their counterparts in the ‘natural’ channel, they are playing catch-up now, says natural soda maker Reed’s, which entered the market in 2012 with its Culture Club kombucha range and now claims...
Coke appears to be capitulating to the ‘new normal’ operating environment by lowering its revenue and volume growth targets, according to one financial analyst, while disaffected investor David Winters claims there is 'failure and disarray'...
Youngevity International, a multilevel marketer of nutritional supplements as well as a bulk coffee roaster, reported big increases in net revenue and gross profit in its second quarter of 2014, driven mostly by organic growth aided by acquisitions.
SEE INSIDE MONSTER ENERGY'S INNOVATION LOCKER: THE BEVERAGEDAILY.COM TOP 5
Monster Energy CEO Rodney Sacks insists new launch Ultra Sunrise will not go head-to-head PepsiCo's Mountain Dew Kickstart, despite its lighter 'Orangina-type flavor'.
ANALYSTS WARN DR PEPPER NEEDS 'CATALYSTS' TO DRIVE TOP-LINE GROWTH
Dr Pepper Snapple CEO Larry Young says he loves the young entrepreneurs who run his allied brands – these include Bai 5 and Vita Coco – but says the buyout prices startups demand are ‘ridiculous’.
Krones said today that it will scrap packaging and palletising operations at its subsidiary Kosme, which specializes in smaller-sized filling and labelling machines for small bottlers and SMEs.
SAB Miller will reinvest the $1bn proceeds of the sale of its gaming, hotel and entertainment group Tsogo Sun back into its ‘core growth business’ including the African market.
Crown Holdings expects to become the leading beverage can producer in China this year and is bullish on the nation’s growth prospects despite low prices for its products.
ANALYST: 'BOTTOM LINE - CCE DELIVERED AGAINST A DIFFICULT BACKDROP'
Coca-Cola Enterprises (CCE) insists analysts take a ‘mid-term perspective’ after Pepsi took volume and value share from Coke in Great Britain in Q3 2013 and says it is too soon to assess Suntory’s likely market impact.
The chair of can giant Crown Holdings was tight-lipped when asked about the impact on the packaging industry if PepsiCo chose to spun-off its beverage business as 'activist-investor' Nelson Peltz demands.
Irish food and ingredients giant Kerry Group has reported a 10.8% increase in operating profit for the year of 2012 on the back of strong growth driven by its ingredients and flavours arm.
The Coca-Cola Company insists it remains confident in the long-term resilience of its Chinese business, despite a 4% slump in volume sales during the last quarter of 2012.
Crown predicted strong unit volumes in beverage and Bemis expects to push ahead after a year of re-organising the business, as both firms reported their Q4 and full year results.
Adept Technology has seen revenues and gross margin drop from Q1 2012 and said global cuts in spending led to delayed orders and slowed customer deployments.
The CEO of Beam Inc. claims tequila will yield attractive global growth in the long-term, as his firm boosted sales of its core Sauza brand in H2 2012 after an indifferent few quarters.
PepsiCo claims it is ‘cautiously optimistic’ on the prospects for brand Pepsi, as its second quarter results released today revealed that total operating profits slumped 14%.
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 for the quarter.
GEA said continuing strong demand for food processing technology meant it was “satisfied” with performance in the first quarter of 2012 even as one-off integration costs for its food solutions unit were largely responsible for its year-on-year operating...
Amcor said strong performance across the board in its flexible and rigid packaging divisions fuelled a 14% profit increase in the first half of the year as recent acquisitions of Ball and Alcan continued to reap rewards.
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.
Despite flat earnings in the third quarter (Q3) and ‘madness’ on world stock markets, Krones chairman Volker Kronseder said his firm remains cautiously optimistic for the rest of 2011.
As Dr Pepper Snapple’s profit fell by six per cent, the firm announced a hike in prices to help offset soaring packaging, ingredient and transportation costs.
The rise of private label fruit juice is having a big impact on the juice industry, sparking a wave of consolidation. A mooted merger between Agrana Juice Holding and Ybbstaler Fruit Austria in Europe is the latest example.
Ball Corporation has posted a slip in third quarter sales revenue from its European can sales revenue while its Americas & Asia division reported strong growth.
San Miguel Corporation, Southeast Asia's largest food and drinks manufacturer, has been handed a P130 million (€2 million) fine after being found to have engaged in unfair trade practices.
Australian brewer Foster's has posted 4.7 per cent increase in
sales to AUS$4.5bn (€2.6bn) for the full fiscal year as it
continues to expand its operations outside of its core beer brands.
Anheuser-Busch lifted net sales by 6.1 per cent to $4.5bn (€3.2bn)
during the second fiscal quarter, led by strong growth particularly
in its US beer operations.
Zurich-based chocolate manufacturer Barry Callebaut said today
that like-for-like sales increased 6.1 per cent in
the nine months to 31 May, despite the unstable cocoa
market.
Troubled chocolate maker Barry Callebaut has increased sales
volumes during its financial first quarter, but the growth has
meant a tumble in profit margin.
San Miguel, the biggest food and drink company in the Philippines,
reported a 4 per cent drop in first half profits yesterday, after
higher raw material and packaging costs eroded the benefits of
strong sales growth.
Sun Interbrew, Russia's second largest brewer, has announced strong
six month and second quarter financial results, reflecting a
continuing rise in beer sales backed up by a strong control over
costs.
Baltika
continues its strong performance in the Russian beer market after
announcing a double digit increase in its sales volumes for the
first six months of the year. But increased expenditure on
advertising and packaging...
New Dragon Asia, a leading producer of flour and flour-related
products to the China market, has reported strong results for its
second quarter, reflecting increasing sales, net income and the
gross profit margin caused by improvements...
Packaging firm Krones has reported increased sales for the first
half of 2004, but the return on sales has been hit by the steep
increases in raw material prices.
