Tuesday, 16 September 2014

New logistics centre in Penza, Russia, to hold 15,000 tones

The construction of logistics centre has started in the Russian region Penza, new well-equipped hangars will have the capacity to hold up to 15,000 tones of potatoes all year round.

McCain Foods and DuPont India Collaborate to Empower Gujarat's Potato Farmers

McCain Foods and DuPont India are collaborating to implement the Global GAP (Good Agricultural Practices) Farm Assurer Certification Program with McCain contract farmers.

Herbert New Sponge Dryer Removes Surface Moisture with Minimum Maintenance

Sponge and felt dryers from Herbert Engineering, the leaders in root crop handling systems, have been integrated into fresh pack plants in Britain and Europe, with excellent results both in terms of removing surface

NEPG Expects a Record Harvest in North-Western Europe

The North-Western European Potato Growers (NEPG) estimates that the upcoming harvest could lead to a new record, even higher than 2011 when production reached an 26.8 million tons.

Sri Lanka’s Government to Purchase All Potato Stocks from Farmers

Sri Lanka’s Government to Purchase All Potato Stocks fr...

Sri Lanka’s Prime Minister D.M.Jayaratne announced in Parliament that the government was ready to purchase...

Professionals from All Over the World and Around 10,000 Visitors at Potato Europe

Professionals from All Over the World and Around 10,000...

PotatoEurope 2014 took place on 3 and 4 September on the Rittergut Bockerode estate in Springe-Mittelrod...

Great Big Idaho Truck takes ALS Ice Bucket Challenge

Great Big Idaho Truck takes ALS Ice Bucket Challenge

The Idaho Potato Commission’s (IPC) Great Big Idaho Potato Truck supports one of the most popular fundrais...

NEPG Expects a Record Harvest in North-Western Europe

NEPG Expects a Record Harvest in North-Western Europe

The North-Western European Potato Growers (NEPG) estimates that the upcoming harvest could lead to a new ...

Head of TOMRA Sorting Food “pleased” at growth in first half of 2014

Head of TOMRA Sorting Food “pleased” at growth in first...

TOMRA Sorting Executive Vice President and Head of Sorting Dr. Volker Rehrmann advised that the sorting b...

McCain Foods and DuPont India Collaborate to Empower Gujarat's Potato Farmers

McCain Foods and DuPont India Collaborate to Empower Gu...

McCain Foods and DuPont India are collaborating to implement the Global GAP (Good Agricultural Practices)...

Increase Packaging Efficiency with New Robag Auto-Splice

Increase Packaging Efficiency with New Robag Auto-Splic...

Global processing and packaging solutions specialist, tna, announces the launch of the new tna robagAuto-...

Ishida Europe to showcase various technologies at Cibus Tec, Italy

Ishida Europe to showcase various technologies at Cibus...

Ishida Europe exhibits on the stand of its Italian/Swiss distributor Itech at Cibus Tec, and will be show...

TNA to Present Its Complete Packaging Systems at Pack Expo

TNA to Present Its Complete Packaging Systems at Pack E...

Integrated packaging and processing solutions provider tna will present its range of systems at this ye...

New DiversaCut 2110A Dicer on Display at SIAL in Paris

New DiversaCut 2110A...

Several Urschel cutting machines will be on display at Sal...

McDonald’s Japan Is Releasing Purple Sweet Potato McShake This Autumn

McDonald’s Japan Is ...

McDonald's Japan is rolling out a special purple sweet potat...

Lay's "Do Us A Flavor" Contest Finalists Announced

Lay's Do Us A Flavo...

Lay's potato chips, one of the brands from PepsiCo (http:/...

New Vertical Z Conveyor to Be Introduced at PackExpo

New Vertical Z Conve...

Dynamic Conveyor is introducing a vertical z-style conveyo...

Lay's Launches Football-Themed Flavours

Lay's Launches Footb...

Video  The leading potato chip brand from PepsiCo India la...

BioSafe Systems Introduces Complete Potato Storage Protection Programme

BioSafe Systems Intr...

Following research and development, BioSafe Systems offers...

Future Proofing Cheshire Potatoes

Future Proofing Ches...

Cheshire potato growers gathered at Aston Grange Farm near...

Sophisticated Potato Inspection

Sophisticated Potato...

Improvements in sorting machinery are aimed at many grower...

McCain Foods to Help Monitor Potato Crops with Drones

McCain Foods to Help...

Global potato processor McCain Foods is using drone techno...

Open Farm Sunday 2014 Review

Open Farm Sunday 201...

Farmers and their helpers celebrated this weekend the posi...

Lance Inc and Snyder's of Hanover have announced they have signed a definitive agreement to combine in a stock-for-stock merger of equals that will create a combined company to be called Snyder's-Lance Inc.

The combined company will have the operating scale and balance sheet strength to provide even more value to consumers, customers and shareholders. In addition to leading iconic brands including Lance®, Snyder's of Hanover, Cape Cod and Grande, Snyder's-Lance will have a national distribution footprint including one of the largest Direct Store Delivery ("DSD") networks in the United States.
Snyder's-Lance will have pro forma combined net sales of approximately $1.6 billion, adjusted EBITDA of approximately $170 million, pre-synergies, and strong free cash flow for the twelve month period ended June 26, 2010.
The combination is expected to generate more than $30 million in annualised synergies. The transaction is not expected to materially impact stand-alone Lance earnings in 2010, excluding special items, but will add incremental earnings per share of more than 10 per cent, on a fully synergized basis.
The transaction brings together Snyder's, a global leader in pretzels and a US leader in specialty snacks that traces its roots to 1909, with Lance, a US snack food leader in sandwich crackers, potato chips, and cookies founded in 1913.
"This transaction allows us to create a stronger company in a highly competitive industry and simultaneously create value for our shareholders. Snyder's-Lance will have a broad array of leading snack food products supported by a strong national DSD system," said David V Singer, President and Chief Executive Officer of Lance. "We are extremely pleased with the opportunity to combine two leading snack food companies in such a strategically compelling merger. Combining our strengths in salty, cracker and cookie snacks creates the opportunity to be a focused specialty company with the scale to compete in high volume categories," said Carl E Lee, Jr, President and Chief Executive Officer of Snyder's.

 

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