News on Food Trends

 Hardee's
February 26, 2010

CKE Restaurants agrees to $918M buyout

CKE Restaurants Inc., the parent to the Carl’s Jr. and Hardee’s chains, said Friday it has agreed to a $918 million acquisition offer from private-equity firm Thomas H. Lee Partners.The deal includes the assumption of $309 million in debt, leaving the ...
 Kettle Foods
February 26, 2010

Diamond Foods Shares Drop 10% on Acquisition-Related Worries

Shares of Diamond Foods Inc. (DMND) dropped 10% Friday, a day after the snack-nuts producer announced a major acquisition that will require it to sell stock and take on debt.Late Thursday, Diamond said it agreed to acquire Kettle Foods from Lion Capita...
February 26, 2010

Cavendish Farms cuts 20 potato farmers

P.E.I.'s farming industry was dealt another blow Friday when it was learned that Irving-owned Cavendish Farms was cutting 20 farmers who normally grow for the company. Agriculture Minster George Webster said Irving is cutting smaller growers with po...
 Kettle Foods
February 25, 2010

Diamond Foods to Acquire Kettle Foods

Diamond Foods, Inc. (NASDAQ:DMND), today announced it has entered into a definitive agreement to acquire Kettle Foods, makers of premium potato chips, from Lion Capital LLP for $615 million in cash. Pursuant to the agreement, Diamond will acquire Kett...
 Potato Council
February 24, 2010

Euro Potato Special: The cost of potato production

The significant changes to cost of potato production for UK producers in the period 2007-2009, has left many potato growers questioning the pricing structure in North West Europe. Also, the ability of producers in France, Belgium and the Netherlands to...
EUPPA
February 24, 2010

Gentse onderzoekers proberen acrylamide in friet te verminderen

Onderzoekers van de vakgroep Voedselveiligheid en Voedselkwaliteit van de UGent hebben innovatieve technieken ontwikkeld om het acrylamidegehalte in frietjes te verminderen. Acrylamide is een vermoedelijk kankerverwekkende stof die in meerdere voedings...
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 Carrefour
February 23, 2010

Carrefour to cut jobs, close stores in Belgium

Carrefour, the world's No. 2 retailer, said it would cut jobs and close stores in Belgium to restore profitability in the country amid intense competition from local rivals.The plan calls for cutting 1,672 jobs and closing 21 stores in Belgium by end-J...
 Fruit Logistica
February 22, 2010

International attention for British seed potatoes at Fruit Logistica

The Potato Council (PCL), a division of the Agriculture and Horticulture Development Board (AHDB), recorded 100 international enquiries about seed potatoes at their exhibit at this year’s record breaking Fruit Logistica exhibition (February 3rd to 5th...
February 22, 2010

Greg Garrisson selected Maine's young potato farmer of the year

At 43, Gregg Garrison is amused that he’s been targeted as a young and up-and-coming potato farmer.“The new young is 40,” he says, after giving a small chuckle when asked his age. “I probably don’t look the part.”The Maine Potato Board at the end of 20...
 Flavored french fries (Idaho Potato Commission)
February 21, 2010

No more 'Would you like fries with that'

It's time to bury that negative fast-food cliché, "Would you like fries with that?" In today's restaurant world, whether it's quick service or full service, operators are finding new ways to present and flavor fries, and customers are eating...
 Warburtons
February 19, 2010

UK Baker Warburtons re-enters the bagged snack market with new range

Pubs will have the opportunity to stock a completely new range of bagged snacks next month when Warburton, the Bolton-based baker, launches two new products. The baker, which began making kettle chips three decades ago but quit the snack game five ye...
February 18, 2010

Obama Administration Details Healthy Food Financing Initiative

The Obama Administration today released details of an over $400 million Healthy Food Financing Initiative, which will bring grocery stores and other healthy food retailers to underserved urban and rural communities across America. The initiative was an...
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Greenvale AP
February 17, 2010

Greenvale AP reveals plans to install wind turbine at Fenland factory

Potato supplier Greenvale AP has revealed plans to install a wind turbine at its factory in Fenland.Plans have been submitted to Fenland District Council for a temporary 60-metre tall wind mast at the Flood's Ferry factory, near Doddington.A spokesman...
February 16, 2010

Plimsoll: Acquisition opportunities in the UK potato sector

According to Plimsoll Publishing Ltd, the UK’s leading financial research company, 43 of the top 264 businesses in the UK Potatoes industry are woefully exposed to being snapped up as a “bargain acquisition”. Their research suggests companies that have...
February 16, 2010

ConAgra Foods Reaffirms Fiscal 2010 EPS Guidance and Long-Term EPS Growth Expectations

Today ConAgra Foods, Inc., (NYSE: CAG) will update the Consumer Analyst Group of New York (CAGNY) on the company's progress and outlook at the CAGNY annual conference in Boca Raton, Fla. ConAgra Foods CEO Gary Rodkin, Consumer Foods President André Haw...
Lamb Weston Meijer Looking for growth in Middle East hospitality sector
February 14, 2010

Lamb Weston Meijer Looking for growth in Middle East hospitality sector

United Arab Emirates-based Lamb Weston sales manager Sajju Balan says that the Dutch firm’s close working relationship with its hospitality clients has played a key role in its success in the Middle East.Lamb Weston has been supplying industry kitchens...
 Kettle Chips
February 13, 2010

Second round bids for Kettle Foods brings sale closer

The Telegraph reports a number of food groups are thought to have lodged bids for the whole group – which delivered sales of £150m in 2008 – or just the UK or US assets, which are each worth roughly half of the combined value.United Biscuits, which has...
February 12, 2010

Bright spots in restaurants' 4Q results

A few encouraging signs emerged this week as several restaurant companies reported fourth-quarter results that reflected improving sales trends. Buffalo Wild Wings Inc., Chipotle Mexican Grill Inc. and Panera Bread Co., which have performed better ...

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