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Latest Industry News from Food Management Today
Latest report shows significant increase in food M&A deals
Finance company Oghma Partners has released its latest M&A report, which shows deal volume was up 68.2% when compared to 2022.
Plastics ban now in effect, prohibiting single-use plastic nationwide
As of 1st October, the new regulations banning certain single-use plastics have come into place, restricting the sale of specific food packaging materials.
Walker’s Shortbread reports strong turnover in annual report
Scottish manufacturer Walker’s Shortbread has seen its annual turnover climb by 16%, rising from £142.4m to £164.6m in a year.
Private-label food items see sales growth as consumers trade down
Supermarket private-label value items are showing good performance in the dairy and red meat sectors.
Second Nature Brands to acquire snack manufacturer from JM Smucker
US snack company Second Nature Brands has agreed to acquire Sahale Snacks from The J.M. Smucker Co., for a total consideration of $34m.
Morrisons appoints new CEO
Rami Baitiéh has been appointed as the new chief executive of Morrisons. He will succeed David Potts, the Morrisons CEO for the previous nine years.
Get more info about the FMT Food Industry Awards
To find out more about this fantastic awards initiative for the food industry, click here.
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