Hormel Foods takes over Clougherty Packing Company
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31/12/2004 Hormel Foods Corporation has announced that the company has acquired, for the purchase price of approximately $186 million, all of the stock of Clougherty Packing Company (Clougherty), a privately-held Southern California pork processor and
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Hormel Foods Corp.  on Wednesday posted higher quarterly profit, in line with raised expectations it announced earlier this month, and gave a forecast for current-quarter earnings that was higher than analysts' estimates.
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William J. Grize, who oversees Giant Food and the other U.S. grocery operations of Royal Ahold NV, will step down next month, the Dutch company said yesterday.
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The buyout, which could be completed by the end of this year, will make PilgrimÂs Pride the countryÂs top chicken producer, eclipsing Tyson Foods.
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Premier Foods, the owner of brands such as Branston Pickle and Ambrosia Cream Rice, buys fellow food company RHM for Â£1.2bn.
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Atkins Nutritionals, Inc., the company whose founder created the low-carbohydrate diet craze, is reorganizing and laying off employees as it faces growing competition and a slowing market.
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Kraft Foods Inc. KFT.N said on   Wednesday it completed the acquisition of United Biscuits'   Iberian operations and recovered rights to several Nabisco   trademarks in Europe, the Middle East and Africa.
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Andrew Ruben, who built unusual alliances between the retailer and environmental groups, is leaving the job for a new assignment overseeing merchandise.
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Hormel Foods Corp.  reported higher quarterly profit on Friday as price increases and sales of refrigerated items liked sliced pepperoni helped offset higher grain costs, but the results just missed the analysts' average estimate.
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The company is raking in its own shares as it deals with the costs of refrigerating food.
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Premier Foods, the manufacturer of foods with long shelf lives, is to acquire Bird&#39;s, the best-selling custard brand that has drenched countless dishes of jam sponge and spotted dick during its 167-year history.
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ConAgra Foods Inc. CAG.N on Tuesday  said private equity firm Hicks, Muse, Tate & Furst Inc.  exercised its option to buy the company's minority stake in  Swift Foods, and that ConAgra received $194 million in the  transaction.
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Hormel Foods Corp.  reported  higher quarterly profit on Friday as price increases and sales  of refrigerated items liked sliced pepperoni helped offset  higher grain costs, but the results just missed the analysts'  average estimate.
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The state takes full control of one of Zimbabwe's main food processors by buying out US firm HJ Heinz.
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Kraft Foods has awarded the North American creative assignments for the Ritz and Triscuit lines of crackers to Euro RSCG Worldwide in New York.
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Premier Foods PLC said Monday it will buy RHM PLC for 1.23 billion pounds ($2.4 billion) in cash and shares to create Britain's biggest food producer.
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Private equity firm Blackstone Group   plans to buy Pinnacle Foods Group Inc., known for its  Vlasic pickles brand, for about $2.16 billion, the companies  said on Monday.