San Miguel still in discussions with RFM
The Philippines' leading food conglomerate San Miguel Corp said on Tuesday it was still discussing the purchase of soft drinks firm Cosmos Bottling Corp with RFM Corp.
Archives for July 23, 2001
Tea for two, trade assoc formed
The Tea Packers Association (TPA) and the United Kingdom Tea Association have merged to form a single trade association. The new group will operate under the name of the UK Tea Association.
Cott finalises acquisition of Royal Crown
Cott Corporation announced on July 23 that it has completed its acquisition of certain Royal Crown assets from Cadbury Schweppes plc for approximately $94 million.
Soft drink results help Mexican brewer
Solid results in its soft-drinks bottling business were expected to offset weakness in packaging and retail units to give Mexican brewer and bottler Femsa moderate second-quarter growth, analysts said.
Sale of Leiner Davis Gelatin is still on track
Leiner Davis Gelatin, Goodman Fielder's international gelatine business, is being sold to Germany's SGF Stoess AG for $310 million.
China dominant soybean importer
China is the dominant destination for world exports of soybeans and soybean meal, the American Soybean Association reports this week.
Energy costs hit ADM earnings
Archer Daniels Midland Co. said on Monday that fiscal fourth-quarter net earnings fell 6 per cent as the company took a hit on higher energy costs and losses from some securities transactions.
PepsiCo expands its snack market share in the Middle East
PepsiCo, Inc. announced that it completed its plan to acquire Tasali Snack Foods, the leader of the Saudi Arabian salty snack market, from Savola Snack Foods.
Ozone keeps veggies fresher
Praxair, Inc. announced a new ozone technology that improves the quality of fresh cut fruits and vegetables.