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Kendal Nutricare, a UK infant-formula manufacturer, has acquired a facility from Premier Foods in Knighton, Staffordshire. The purchase aims to create around 100 new jobs and involves a multi-million pound investment over the next two years. Kendal Nutricare's CEO emphasized the company's commitment to domestic manufacturing and supporting the British dairy industry. [Extracted from the article]

Premier Foods has seen a significant increase in volume growth, particularly in grocery items and sweet treats, with a focus on promotional pricing to drive sales. While growth has slowed compared to the previous year, CEO Alex Whitehouse attributes this to tough comparatives from previous pricing actions. The company expects volume growth to moderate as the year progresses, with pricing lower than last year, despite minimal impact from the UK's budget measures. Premier Foods remains optimistic about future performance, especially with the upcoming Christmas campaign for mince pies. [Extracted from the article]

UK consumer brands group THG has partnered with Premier Foods to promote Premier's Fuel10K products in the direct-to-consumer channel. THG, an e-commerce specialist, will use its technology platform and e-commerce management services to help Fuel10K expand its presence in the complete nutrition category. Fuel10K is a range of cereal, snack bars, and milk drinks currently sold in major UK retailers. THG's strategic expertise will support the growth of Fuel10K in the UK. [Extracted from the article]

Premier Foods, the owner of brands such as Oxo, Homepride, and Mr Kipling, will receive a £33m windfall after agreeing to suspend pension deficit contribution payments. The company reached an agreement with the RHM Pension Scheme trustees to suspend payments from 1 April. This move is happening earlier than expected due to the strong performance of the pension scheme. Premier Foods anticipates no further contributions to be payable after the financial year ending 29 March 2025. The suspension of pension payments will increase the company's free cash flow and provide capital allocation options for growth. Premier Foods shares rose significantly after the announcement. [Extracted from the article]

Premier Foods has expanded the overseas distribution of its brands, The Spice Tailor and Mr Kipling cakes, as the UK business continues to gain market share. The company reported a strong performance during the Christmas period, with sales of mince pies contributing to its success. CEO Alex Whitehouse stated that Premier Foods has secured more overseas listings for The Spice Tailor and Mr Kipling, including in countries such as the United States, Canada, and New Zealand. The company is also exploring the potential for expanding its brand Fuel10K overseas. [Extracted from the article]

This article highlights several success stories in the food industry in 2023. Freshpet, a pet-food producer, experienced significant growth and outperformed the Nasdaq Composite index. Premier Foods, the maker of Mr Kipling cakes, surpassed £1bn in sales and made an acquisition. Grupo Bimbo, a Mexican company, engaged in multiple mergers and acquisitions. Mondelez International, a snack company, saw increasing sales volumes despite price increases. UK-based This secured funding and an international listing. BellRing Brands, a US protein business, explored strategies to benefit from the emergence of weight-loss drugs. Upside Foods, a California-based company, plans to build a commercial-scale plant for cultivated meat. [Extracted from the article]

Premier Foods, the owner of brands such as Oxo stock cubes and Angel Delight desserts, has reduced prices on some of its products in response to a decrease in input cost inflation. The company has already lowered prices on Batchelors and Mr Kipling products, with more reductions expected. CEO Alex Whitehouse stated that the rate of input-cost inflation falling has allowed them to lower prices on major branded products. The company's half-year results showed an increase in revenue and profit. Premier Foods expects full-year trading profit to be around 10% higher than the previous year. [Extracted from the article]

Premier Foods closed the deal on 29 October, noting Fuel10K has a "track record of strong double-digit revenue growth over the last three years". Keywords: Savoury Snacks; Shelf-stable; Deals; News; Premier Foods EN Savoury Snacks Shelf-stable Deals News Premier Foods N.PAG N.PAG 1 11/01/23 20231030 NES 231030 Premier Foods has expanded its breakfast range with the acquisition of UK brand Fuel10K for an enterprise value of £34m ($41.2m). [Extracted from the article]

Keywords: Bakery and Cereal; Shelf-stable; News; Premier Foods EN Bakery and Cereal Shelf-stable News Premier Foods N.PAG N.PAG 1 05/24/23 20230518 NES 230518 Premier Foods suggests prices UK consumers are paying at the checkout are unlikely to come down to pre-inflation levels once the current cost pressures subside. The trading profit margin held at 15.7% as Premier Foods' cost-savings measures and promotions helped offset input-cost inflation, with the pricing implemented not recovering all of those costs. [Extracted from the article]

Premier's current financial year runs to 1 April and it is forecasting trading profit of around GBP155m (US$185.7m) and adjusted profit before tax of approximately GBP135m. The Batchelors soup maker said its annual "trading profit" and "adjusted profit before tax" are estimated to "be ahead of the board's initial expectations". Keywords: Bakery and Cereal; Shelf-stable; Vegetarian and Vegan; News; Premier Foods EN Bakery and Cereal Shelf-stable Vegetarian and Vegan News Premier Foods N.PAG N.PAG 1 03/13/23 20230307 NES 230307 Shares in Premier Foods rose more than 10% today (7 March) after an unscheduled trading update that carried an increase to the UK manufacturer's forecast for annual profits. [Extracted from the article]

Keywords: Shelf-stable; News; Premier Foods EN Shelf-stable News Premier Foods N.PAG N.PAG 1 01/24/23 20230119 NES 230119 Premier Foods proposes to close its Knighton Foods powdered desserts and drinks factory in the UK, putting around 300 jobs on the line. Premier Foods noted "pricing contributed a significant proportion of [grocery] revenue growth in the quarter" amid what CEO Alex Whitehouse called "elevated" input-cost inflation. [Extracted from the article]

The company has changed the recipes for its Walkers Baked and Doritos Dippers products to meet the non-HFSS criteria, while its PopWorks puffy snack range now has three flavours that are non-HFSS. Health consciousness For all the uncertainty around the UK's legislative agenda, market watchers believe there is an underlying consumer trend manufacturers must follow and that non-HFSS products could leverage. [Extracted from the article]

Keywords: Shelf-stable; Deal News; Homepage; News; Food M&A; Premier Foods EN Shelf-stable Deal News Homepage News Food M&A Premier Foods N.PAG N.PAG 1 07/29/22 20220725 NES 220725 Premier Foods has struck for UK-based meal-kits firm The Spice Tailor, marking the Mr Kipling cake brand owner's first full-fledged acquisition in more than a decade. The Spice Tailor's founders added: "We're very pleased that The Spice Tailor will become part of Premier Foods and are looking forward to unlocking further growth for the brand, which we have nurtured since its inception. [Extracted from the article]

Keywords: Bakery and Cereal; Frozen; Ice Cream; Shelf-stable; Snacks; Vegetarian and Vegan; Analysis; Homepage; In the spotlight; On the money; Premier Foods EN Bakery and Cereal Frozen Ice Cream Shelf-stable Snacks Vegetarian and Vegan Analysis Homepage In the spotlight On the money Premier Foods N.PAG N.PAG 1 05/24/22 20220518 NES 220518 Six weeks into Premier Foods' new fiscal year, the UK manufacturer's branded growth model is again proving resilient to cost pressures. Premier Foods' CEO Alex Whitehouse, presenting the Sharwood's sauces maker's annual results, which generally beat market expectations but not by a mile, was asked on a media call today for his views on Bailey's comments. [Extracted from the article]

Keywords: Bakery and Cereal; Dairy; Dairy alternatives; Eggs; Environmental; Fresh produce; Frozen; Ice Cream; Infant Formula and Baby Food; Meat alternatives; Analysis; Corporate responsibility; Danone; Grupo Bimbo; JBS; Kraft Heinz; Mars; Mondelez International; Nestle; PepsiCo; Premier Foods EN Bakery and Cereal Dairy Dairy alternatives Eggs Environmental Fresh produce Frozen Ice Cream Infant Formula and Baby Food Meat alternatives Analysis Corporate responsibility Danone Grupo Bimbo JBS Kraft Heinz Mars Mondelez International Nestle PepsiCo Premier Foods N.PAG N.PAG 1 12/27/21 20211221 NES 211221 In this guide, you will see food manufacturers linking their targets on reducing emissions to Scopes 1, 2 and 3. It plans to reduce the absolute GHG emissions across its direct operations (Scopes 1 and 2 emissions) by 75% by 2030, against a 2015 baseline. PepsiCo In January 2021, PepsiCo set a target for absolute greenhouse-gas emissions and a pledge on net-zero emissions. The road to net zero - Big Food's emission pledges. [Extracted from the article]

Revenue was down 6.5% (branded -6.1%, non-branded -9.4%), trading profit by 12.2%, adjusted profit before tax by 2.9%, which in non-adjusted terms was 39.2% lower. Keywords: Bakery and Cereal; Shelf-stable; Snacks; Vegetarian and Vegan; News; Homepage Top Section; Premier Foods EN Bakery and Cereal Shelf-stable Snacks Vegetarian and Vegan News Homepage Top Section Premier Foods N.PAG N.PAG 1 11/22/21 20211116 NES 211116 Premier Foods market-beating results were greeted with a "lap of honour" as the Mr Kipling owner navigates through sales distortions caused by the pandemic and industry challenges. On an earlier media call, Leggett noted "the success of the business over the last few years has been really all about us building brands and bringing new products to market from those strong brands". [Extracted from the article]

The ESG strategy encompasses scope 1 and 2 emissions accompanied by performance monitoring, along with plans to work with its supply chain partners on a carbon-reduction programme. Keywords: Bakery and Cereal; Environmental; Shelf-stable; Snacks; Vegetarian and Vegan; News; Corporate responsibility; Premier Foods EN Bakery and Cereal Environmental Shelf-stable Snacks Vegetarian and Vegan News Corporate responsibility Premier Foods N.PAG N.PAG 1 11/02/21 20211029 NES 211029 Premier Foods has set new greenhouse gas targets as the UK business seeks to achieve net zero across all emissions by 2050. [Extracted from the article]

Premier Foods said its office staff "will be able to work wherever they work best" in a development the Oxo brand owner "hopes will be transformational". Keywords: Covid-19; Shelf-stable; News; Premier Foods EN Covid-19 Shelf-stable News Premier Foods N.PAG N.PAG 1 08/30/21 20210825 NES 210825 Premier Foods, one of the UK's largest food manufacturers, has adopted a flexible working model for its office-based staff as a means toward "boosting productivity and personal wellbeing". [Extracted from the article]

The snacks use "defatted" almond flour as a base ingredient, which PepsiCo claims has less fat and more protein than traditional almond flour. Keywords: Danone; Kerry Group; Muller; Nestle; PepsiCo; Premier Foods; Unilever; Weetabix EN Danone Kerry Group Muller Nestle PepsiCo Premier Foods Unilever Weetabix N.PAG N.PAG 1 04/08/21 20210319 NES 210319 B This week's batch of new products includes Danone claiming a UK first with measured baby-formula tabs and Premier Foods entering the baking spreads category in conjunction with Kerry Group. b PepsiCo debuts low-carb Hilo Life almond flour chips Hilo Life, a low-carb snack brand to emerge from PepsiCo's North America internal incubator programme called The Hive, has launched a three-strong range of keto-friendly, tortilla-style chips. New products - PepsiCo debuts low-carb Hilo Life almond flour chips; Nestle's cocoa fruit chocolate bar Incoa; Danone launches baby formula in measured tabs. [Extracted from the article]

Whitehouse was asked when he thought the current UK restrictions linked to Covid-19 might be lifted but he responded by saying Premier is following, like everyone else, the government's announcements. Keywords: Premier Foods EN Premier Foods N.PAG N.PAG 1 04/08/21 20210119 NES 210119 Premier Foods plans to follow other food manufacturers down the direct-to-consumer route to complement the UK company's sales through e-commerce, which swelled to 90% growth in the third quarter. The UK accounts for the bulk of Premier's annual sales and the company's track-record outside its domestic market in recent years has been patchy. [Extracted from the article]

Premier expects to make the first deliveries to Weston under the agreement in the first quarter of its new financial year beginning in April. Keywords: Premier Foods EN Premier Foods N.PAG N.PAG 1 04/08/21 20210119 NES 210119 Premier Foods, one of the UK's largest food manufacturers, has signed an agreement with Canada-based bakery supplier Weston Foods to sell and market Mr Kipling cakes in the US. [Extracted from the article]

And the month ended with US-based Green Giant brand owner B&G Foods spreading its wings into new, innovative, growth categories with the announcement it was to acquire local vegan food manufacturer Farmwise, while food majors had on eye even further into the future by backing US cell-based seafood firm BlueNalu. Another eye-catching deal, or rather two, in the UK saw French PE firm PAI Partners buy both savoury products supplier Addo Food Group and anti-pasti-to-pickles supplier Winterbotham Darby to create a new chilled foods business. And in one of the stand-out US deals of the year, and a rare case of one well-known business buying another, spices and sauces firm McCormick, which owns the Frank's RedHot sauce brand, announced it had acquired the local hot sauce business Cholula in an $800m deal. [Extracted from the article]

Premier Foods no longer a "zombie" as debt cuts open doors to M&A Keywords: Premier Foods EN Premier Foods N.PAG N.PAG 1 12/04/20 20201111 NES 201111 B Premier Foods unleashed some impressive first-half results on Tuesday (10 November) with a notable reduction in the UK manufacturer's debt, along with a leverage target appetiser. Despite his short time in office, Whitehouse has shaved GBP87m (US$115.2m) off Premier's debt, which he revealed on Tuesday (10 November) stood at GBP383m at the end of the first half in September, compared to GBP523m back in 2017. [Extracted from the article]

Keywords: Hovis; Premier Foods EN Hovis Premier Foods N.PAG N.PAG 1 12/04/20 20201106 NES 201106 UK bread maker Hovis has been acquired by Endless, confirming media speculation the private-equity fund had emerged as the front-runner for the business. Premier confirmed the GBP37m in its own statement, which read: "Hovis, which now focuses on bread baking following the disposal of its milling business, is commercially well-positioned to grow under new ownership. [Extracted from the article]

Keywords: Hovis; Newlat; Premier Foods EN Hovis Newlat Premier Foods N.PAG N.PAG 1 12/04/20 20201105 NES 201105 Endless, a UK-based private-equity firm, is reportedly in "advanced talks" with the owners of bread maker Hovis to acquire the business just as Italian food manufacturer Newlat requested exclusivity in the talks to stay in the running. "Premier Foods notes both the media speculation and a statement from Newlat Food S.p.A today, 4 November 2020, concerning its 49% interest in Hovis Holdings Limited", the Batchelors soups owner said. Hovis, Newlat, Premier Foods. [Extracted from the article]

Keywords: Hovis; Newlat; Premier Foods EN Hovis Newlat Premier Foods N.PAG N.PAG 1 12/04/20 20201104 NES 201104 Newlat has pulled out of the process to buy Hovis - and will only return to the table if the UK bread maker's owners grant the Italian manufacturer exclusive talks. Approached by just-food, Newlat, had at the time of writing, not disclosed when it had informed Hovis' shareholders of its request. [Extracted from the article]

Premier Foods' progress - five things to learn from FY results and management outlook Keywords: Premier Foods EN Premier Foods N.PAG N.PAG 1 07/08/20 20200624 NES 200624 B In what proved another eventful year, UK manufacturer Premier Foods managed to grow its revenue and underlying earnings. "Our options for cash deployment and capital allocation will improve as a result of expected further net debt reduction in fiscal year 20/21", Whitehouse said. [Extracted from the article]

Keywords: Hovis; Premier Foods EN Hovis Premier Foods N.PAG N.PAG 1 07/08/20 20200610 NES 200610 The owners of UK bread brand Hovis are not confirming the veracity of a story linking them to a sale of the brand. I Sky News i said it had learnt that Hovis' majority owner, US private-equity firm The Gores Group, has hired bankers to sell its controlling 51% stake in the bread producer, which it acquired from UK-based Premier Foods six years ago. [Extracted from the article]

Keywords: Aldi; Arla Foods; Asda; Bakkavor; Greencore; HJ Heinz; Kellogg; Lidl; Marks and Spencer; Mars; McCain Foods; Mondelez International; Morrisons; Muller; Nestlé PepsiCo; Premier Foods; Sainsbury's; Tesco; Unilever; United Biscuits; Waitrose EN Aldi Arla Foods Asda Bakkavor Greencore HJ Heinz Kellogg Lidl Marks and Spencer Mars McCain Foods Mondelez International Morrisons Muller Nestl&eacute PepsiCo Premier Foods Sainsbury's Tesco Unilever United Biscuits Waitrose N.PAG N.PAG 1 06/04/20 20200513 NES 200513 B Some food retailers and manufacturers operating in the UK have reduced their payment terms to help suppliers deal with the fall-out from Covid-19. "We recognise [this period] is particularly challenging for our smaller suppliers, [so] we shortened our payment terms for our smaller suppliers […] with payment processed immediately and funds cleared within five days", says a Tesco spokesperson. [Extracted from the article]

Keywords: Premier Foods EN Premier Foods N.PAG N.PAG 1 05/07/20 20200420 NES 200420 Premier Foods has completed a long-awaited strategic review which will involve the amalgamation of the UK food group's pension funds, removing a financial impediment that has dogged the Mr. Kipling cakes maker for some time. "With a buyout of the RHM scheme getting progressively closer, any resulting surplus would be transferred to the remaining schemes and therefore result in significantly reduced pension deficit cash contributions by the company in future years. [Extracted from the article]

The article reviews merger and acquisition (M&A) deals and investment activity in the global food industry in 2019. These include dairy company Danone's purchase of shares of the New Zealand-based unit of infant formula business Yashili International Holdings, acquisition of the dairy business of Prabhat Dairy and Greenland Group for Food Industries from Americana Group by Lactalis, and Hans Kissle sold to Mitsui & Co. and Kenko Mayonnaise.

The article focuses on financial performance of Premier Foods. Topics discussed include information on reports of progress in cutting debt load of premier foods brands; information on shareholders of Premier Foods involving Oosis Asset Management and Paulson & Co.; and infomation on Alex Whitehouse, Chief Executive Officer at Premier Foods.

The article announces personnel changes in executive management team of the Premier Foods including Richard Martin as a chief customer officer; Yilmaz Erceyes as chief marketing officer; and Paul Thompson as operations director.

B Premier Foods removed some uncertainty last week after installing a new chairman and permanent CEO but then added another element by revealing its finance chief will leave the heavily-indebted UK food manufacturer. But perhaps more significant was a new chairman in Colin Day, who spent a decade at food firm Reckitt Benckiser as finance chief and was recently the CEO of London-listed Essentra, which produces electronic components and associated accessories, along with two non-executive directors. Black says: "In terms of the brand portfolio, [Premier's] in the space where supermarkets are, in the main, rationalising footage, so it's really important they have a leading market position. [Extracted from the article]

Former chairman Keith Hamill stepped down in July, following in the footsteps of ex-CEO Gavin Darby, who left the Batchelors soups and Bisto gravy maker in January after six years in the hot seat. Incoming CEO Whitehouse added: "I'm delighted to become Premier Foods' CEO and look forward to working with Colin and the board to drive further value from our great portfolio of brands. [Extracted from the article]

The run-up to Brexit has affected the sales of Premier Foods in Ireland, the UK manufacturer has said. However, Premier revealed revenue outside the UK - its domestic market still accounts for the bulk of sales - fell 18%, hampered by pressure in neighbouring Ireland. [Extracted from the article]

The article offers review of several products including Cadbury product by the Mondelez; ice cream by the Lotus Bakeries; and wrapper-less Solero packs by the Unilever.

The article announces that Keith Hamill will resign from the position of chairman at Premier Foods.

The article informs that Great Britain-based, Premier Foods is exploring a sale of its Mr. Kipling cake brand. It mentions that according to the Times newspaper no potential buyer has been lined up for Mr Kipling, thus Premier Foods may decide to retain the brand. It also mentions that brand has had hired bankers at advisory firm d'Angelin & Co. to explore options for the business based in St Albans, Hertfordshire, now being run by chief financial officer Alastair Murray on an interim basis.