Tuesday, 28 April 2015

Snackex, the only trade fair focused on savory snacks

Snackex, the only trade fair focused on savory sna...

  Snackex, the trade fair organized by the European Snacks Association (ESA (http://www.esasnacks...

Kofi and Nane Annan involved in the campaign of developing sweet potato in Ghana

Kofi and Nane Annan involved in the campaign of de...

 Kofi Annan and Nane Annan met with The International Potato Center (CIP) and its partners to discus...

Scholarships for the relatives of NPPGA members

Scholarships for the relatives of NPPGA members

  Each year the Northern Plains Potato Growers Research Education Foundation in the USA offers ...

PROFEL’s Conference: Why frozen and canned vegetables reduce food waste

PROFEL’s Conference: Why frozen and canned vegetables r...

  The representatives from Europe’s leading frozen and canned vegetable producers met with opinion for...

EU member states will have the freedom to decide on the GMOs use for food and feed

EU member states will have the freedom to decide on the...

The EU Commission presented the outcome of its review of the decision-making process for the authorizat...

EU Commission is co-funding “Potato Potential” program on the Irish and UK markets

EU Commission is co-funding “Potato Potential” program ...

The EU Commission has approved 50 per cent EU co-funding for ‘Potato Potential’, a EUR 4.3 million prog...

JBT's customer service team is expanding

JBT's customer service team is expanding

  Food processing equipment manufacturer JBT has expanded its UK customer service division by recruiti...

Tong Peal launches a new crop cleaning solution

Tong Peal launches a new crop cleaning solution

  Tong Peal Engineering, the UK designer and manufacturer of equipment, has launched its latest innova...

Loma Systems launches tracs reporting software

Loma Systems launches tracs reporting software

  Loma Systems launches a new graphical Ethernet PC-based software tool designed to monitor the perfor...

Utz Quality Foods launches Specialty Division

Utz Quality Foods la...

Utz Quality Foods, Inc. has recently announced the culmina...

Potatoes are back on WIC, a nutritional program for women, infants and children in USA

Potatoes are back on...

The National Potato Council (NPC) from USA succeeded to put ...

Exclusive interview with the director of Urschel Laboratories, Inc: The Urschel team is a very strong one

Exclusive interview ...

What began with one man's invention more than 100 years ago ...

Important investment in Lamb Weston frozen food facility in Netherlands will add capacity and jobs

Important investment...

Lamb Weston / Meijer, a joint venture between US-based ConAg...

Thanksgiving Feast, a new line of kettle-cooked potato chips

Thanksgiving Feast, ...

Boulder Canyon Foods introduces Thanksgiving Feast, a new ...

UK Potato Council says it is a record year for seed potato exports

UK Potato Council sa...

  Seed potato exports are booming, with the latest figure...

Indian Government will procure 6,600 tones of potato from farmers

Indian Government wi...

The State Government announced its decision to procure 6,6...

Company launches a new solution for potato sprouting

Company launches a n...

  BioSafe Systems announces the introduction of ARRET Spr...

Seed Industry Event conference tackles key industry concerns

Seed Industry Event ...

The recent Seed Industry Event, organized by British Potato ...

Armenia registered an important growth in potato exports in 2014

Armenia registered a...

Armenian potato exports totaled about 20,600 tons, compared ...

PinguinLutosa has announced that it has signed a "principle" agreement with GIMV regarding the full acquisition of Scana Noliko.

Scana Noliko is an internationally active food products company that is growing rapidly. Besides the processing of harvest-fresh vegetables and fruit, it is also active in the preparation of convenience food products such as soups, sauces, dips and pasta dishes.

This is being commercialised under private label and own brand in cans, glass jars or flexible packaging. There are 2 establishments in Bree and Rijkevorsel, Belguim, employing 563 people in total.

This acquisition again represents a major step forward for PinguinLutosa, extending its product range with high quality preserved foods in can or glass jars. The strengths of Scana Noliko in agro, production, technology and R&D, in combination with the extensive commercial network of PinguinLutosa, complement each other perfectly and strengthen the organisation of PinguinLutosa even further.

For the current financial year 2010-2011 (ending on 31 March 2011) Scana Noliko is expecting a turnover of more than €180 million, with an EBITDA margin of approximately 13 percent. The previous financial year closed with a net profit of €9.9 million. Due to the outstanding track record of Scana Noliko and the quality of the organisation, a smooth integration is expected, in which Scana Noliko will continue to receive sufficient
autonomy and resources in order to continue to develop successfully in the future and by which economies of scale and scope will be pursued.

Hein Deprez, Managing Director: "The acquisition of Scana Noliko consolidates and facilitates our relationship with the farmers in one of our most important agricultural regions, i.e. Limburg-Haspengouw, where PinguinLutosa currently had relatively low representation. With this acquisition we take an important new step in the further expansion of PinguinLutosa as an important food group, of which preserved foods in cans or glass jars are a good, stable supplement to the existing product range.

"This all relates to a clear profiling of PinguinLutosa as an international food group with solid Flemish roots, which aims to optimise and stabilise the results of the entire group."

The transaction - which still needs the approval from the competition authorities and is subject to the fulfilment of a number of conditions - is expected to be completed before 30 June 2011.

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