Ypiocam Brazil's second largest drinks manufacturer was snapped up for a healthy £300m yesterday by UK-based Diageo. The deal has doubled Diageo's size in the country's market.
Food and Beverage
After a lengthy consultation period, discussions between Cromer District Council and senior members of staff at the food manufacturer are still looking relatively grim, with limited options for those who are threatened with redundancy.
Milk producer Dairy Crest has announced a net loss of £10.1m for the year ending 31 March 2012 after a dismal performance in its dairies business.
The Independent newspaper reported that Thailand-based CP Foods is one of the bidders for Iglo, the food group that owns Captain Birdseye, the fish finger maker.
A Future in Food, a programme of The Scottish Food and Drink Federation designed to help teachers, pupils and parents understand the food and drink manufacturing sector in Scotland, has secured ongoing funding from the Scottish government worth £270,000 over three years.
Wednesday’s Queen’s Speech confirmed legislation for a Groceries Code Adjudicator which will create a body to monitor how the behaviour of large retailers affects food producers.