B&G Foods, a manufacturer and distributor of shelf-stable foods across the US, Canada and Puerto Rico, has reported net sales of $121.1m for the second quarter of fiscal 2010, a decrease of 1.4% compared to $122.9m for the same quarter last year.
GS Capital Partners, an equity firm owned by Goldman Sachs Merchant Banking Division, has purchased Michael Foods, a global producer and distributor of food products, from its Thomas Lee Partners (THL) for approximately $1.7bn.
Seneca Foods, a processor of canned fruits and vegetables in the US, has reported net sales of $279.4m for the fourth quarter ended March 31, 2010, a decrease of 2.1% compared to the same quarter last year.
High Liner Foods, a frozen seafood company, has reported sales of CAD165.1m for the first quarter of fiscal 2010 compared to CAD183.3m for the same quarter last year.
B&G Foods, a manufacture and distributor of shell stable foods, has reported net sales of $125.2m for the first quarter of fiscal 2010, an increase of 5.5% compared to $118.6m for the same period last year.
Hormel Foods, a manufacturer and marketer of meat products, has revealed its plans to close its Turlock, California plant, which produces Valley Fresh canned meats, by October this year.
Seneca Foods has reported net earnings of $18.6m or $1.52 per diluted share for the third quarter ended December 26, 2009 compared to $13.8m or $1.13 per diluted share for the same quarter previous year.
Allens, a vegetable company, has introduced a new line of southern style canned vegetables and side dishes. The new products will be sold in 14oz, 27oz and 28oz cans at participating retailers, such as Wal-Mart, Food Lion, Publix, Bi-Lo and other major retail outlets.
The Bonduelle Group and Butler Capital Partners have started their negotiations for the acquisition of France Champignon Group, which is headquarters in Saumur.
A federal appeals court has passed the judgement in favor of Michael Foods, in a pricing case brought under the Robinson-Patman Act.
Says that the transaction strengthens its position in both the frozen and shelf-stable business segments
