Latest news with #petfood
Yahoo
2 days ago
- Business
- Yahoo
The Nutriment Company acquires cat food supplier Purrform
Acquisitive pet-food group The Nutriment Company has snapped up another UK business, buying cat-food supplier Purrform. Financial terms were not disclosed. In a statement, The Nutriment Company said the deal 'adds a new dimension of species-specific expertise to its brand portfolio'. Founded in 2011, Purrform offers recipes said to closely mirror a cat's natural prey-based diet. According to The Nutriment Company, it uses 100% human-grade meat, offal and bone, free from preservatives or additives. The Stockholm-headquartered group believes Purrform's acquisition 'comes at a strategic time' as cat ownership is rising across Europe. Citing FEDIAF, a trade body representing the European pet food industry, The Nutriment Company said approximately 108 million cats live in European households, highlighting the 'significant market potential for natural nutrition tailored specifically for cats'. As part of The Nutriment Company, Purrform's products are expected to become 'more available in retail' with support from the wider group's 'extensive distribution network', reaching stores across the UK and continental Europe. Anders Kristiansen, CEO of The Nutriment Company, said Purrform's 'heart-felt dedication to crafting species-appropriate, high-quality meals for cats aligns perfectly with our mission'. He added: 'We are excited to help scale Purrform's impact and bring their unique offering to more cat owners across Europe.' Veronique Ornech, founder and managing director of Purrform, added under the new owners 'the brand will not only remain true to its roots but reach exciting new heights'. She added: 'Together, we are not just continuing the journey, we are accelerating it.' Backed by Nordic PE investor Axcel, The Nutriment Company offers 'natural premium' pet food under brands such as Dibo, Barfgold, and AniForte. Purrform is the latest in a series of acquisitions in 2025. The company purchased Graf Barf, a German private-label pet-food business, from CDS Hackner in June. Graf Barf's acquisition came two months after The Nutriment Company acquired BAF Petfood from the German company Fressnapf. In April, The Nutriment Company took over Bulmer Pet Foods, a UK-based firm. Additionally, in February, the pet-food supplier expanded into the Spanish market by acquiring Puromenu, a producer of raw pet food. "The Nutriment Company acquires cat food supplier Purrform " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
How The J. M. Smucker Company (SJM) Fits into the Food Dividend Stock Portfolio
The J. M. Smucker Company (NYSE:SJM) is included among the 10 Best Food Stocks with Dividends. A wholesaler distributing peanut butter, fruit spreads and specialty spreads to a retailer. The J. M. Smucker Company (NYSE:SJM) is recognized as a strong value in the food sector, with several successful brands under its belt. Notable performers include pet food lines like Meow Mix and Milk-Bone, as well as the well-liked Uncrustables sandwich products. The company paid a premium when it acquired Hostess Brands in November 2023. To refocus its efforts, the company recently sold off some brands from its Sweet Baked Snack segment, including Voortman, to concentrate more on the Hostess portfolio. Although the transition has been challenging, The J. M. Smucker Company (NYSE:SJM) appears to be moving in the right direction. It anticipates full-year fiscal 2026 sales to grow by 2% to 4%, despite the effects of divesting certain Sweet Baked Snack value brands. The company is also expected to deliver strong earnings and free cash flow. In fiscal Q4 2025, The J. M. Smucker Company (NYSE:SJM) reported operating cash flow of $393.9 million, and its free cash flow was $298.9 million. During the quarter, the company returned $114.5 million to shareholders through dividends, reinforcing its commitment to investor return. This cash position enables the company to consistently raise its dividends. The J. M. Smucker Company (NYSE:SJM) declared a 1.9% hike in its quarterly dividend on July 16. This marked the company's 24th consecutive year of dividend growth, which makes it one of the best food stocks with dividends. The company now offers a quarterly dividend of $1.10 per share and has a dividend yield of 4.04%, as of July 27. While we acknowledge the potential of SJM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: READ NEXT: and Disclosure: None. 登入存取你的投資組合
Reuters
4 days ago
- Business
- Reuters
UK's Cranswick reports higher first quarter revenue
July 28 (Reuters) - British meat producer Cranswick (CWK.L), opens new tab reported 9.7% growth in first-quarter revenue on Monday, supported by resilient consumer demand for pork and poultry products, as well as its diversification into pet food supporting growth amid economic headwinds.
Yahoo
4 days ago
- Business
- Yahoo
How The J. M. Smucker Company (SJM) Fits into the Food Dividend Stock Portfolio
The J. M. Smucker Company (NYSE:SJM) is included among the 10 Best Food Stocks with Dividends. A wholesaler distributing peanut butter, fruit spreads and specialty spreads to a retailer. The J. M. Smucker Company (NYSE:SJM) is recognized as a strong value in the food sector, with several successful brands under its belt. Notable performers include pet food lines like Meow Mix and Milk-Bone, as well as the well-liked Uncrustables sandwich products. The company paid a premium when it acquired Hostess Brands in November 2023. To refocus its efforts, the company recently sold off some brands from its Sweet Baked Snack segment, including Voortman, to concentrate more on the Hostess portfolio. Although the transition has been challenging, The J. M. Smucker Company (NYSE:SJM) appears to be moving in the right direction. It anticipates full-year fiscal 2026 sales to grow by 2% to 4%, despite the effects of divesting certain Sweet Baked Snack value brands. The company is also expected to deliver strong earnings and free cash flow. In fiscal Q4 2025, The J. M. Smucker Company (NYSE:SJM) reported operating cash flow of $393.9 million, and its free cash flow was $298.9 million. During the quarter, the company returned $114.5 million to shareholders through dividends, reinforcing its commitment to investor return. This cash position enables the company to consistently raise its dividends. The J. M. Smucker Company (NYSE:SJM) declared a 1.9% hike in its quarterly dividend on July 16. This marked the company's 24th consecutive year of dividend growth, which makes it one of the best food stocks with dividends. The company now offers a quarterly dividend of $1.10 per share and has a dividend yield of 4.04%, as of July 27. While we acknowledge the potential of SJM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: READ NEXT: and Disclosure: None.
Yahoo
23-07-2025
- Business
- Yahoo
ADM to close Brazil pet-food plant amid cost-cutting
ADM is to shut manufacturing plant in Brazil, marking the end of its production of pet food in the country. The US agri-food giant is closing its site in Três Corações in the eastern state of Minas Gerais. The facility supplies branded pet-food products as well as livestock and aqua feed. "We will no longer have dedicated pet manufacturing facilities in Brazil. Our pet business in other countries and regions will continue," the company said in a statement. "ADM is always assessing its portfolio as we focus globally on strategic simplification to ensure we're operating the right assets to meet customer needs, achieve our returns objectives, and be the most effective operator of each part of the business. "After exploring a wide variety of alternatives, we've determined that our Três Corações facility and related businesses and assets no longer align with our future operational needs." Around 750 staff work at the facility, who, along with around 150 employees at other, undisclosed locations, will be affected by the closure, ADM confirmed. In February, ADM outlined plans to save $500-700m over the next five years through lower manufacturing costs, cuts in purchased materials and job losses. The company pointed to "ongoing market challenges, including global legislative and regulatory policy uncertainty". In 2024, ADM generated $85.5bn in revenue, an 8.9% decrease from 2023. Operating profit fell 28.8% to $4.2bn, and net profit decreased 47% to $1.8bn. In the first quarter of 2025, ADM reported $20.17bn in revenue, down 7.6% from Q1 2024. Net earnings attributable to ADM plunged 59.5% to $295m and total segment operating profit was $747m, down 38% versus the prior year quarter "ADM to close Brazil pet-food plant amid cost-cutting " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
