Food Industry
Industry: Email Alert RSS FeedBestfoods to buy Arisco - Brief Article
Eurofood, Feb 17, 2000
US food manufacturer Bestfoods plans to acquire Arisco Produtos Alimenticios, a Brazilian maker of soups and seasonings, for US$440m (?? 449m) and US$262m in assumption of debt. The deal could double the US group's sales in Brazil and provide it with greater stability throughout Latin America, where its performance has been sluggish (see Eurofood, this issue, p11).
Most RecentFood Articles
- Salt Lake City Costco Protects Sarah Palin from Potential Tomato-Throwing
- Food Industry Could Pay for Slow Progress in Marketing to Kids
- Facebook Reconsiders Anti-Dairy Policy
- General Mills' Sugar Reduction Scheme a Bit Disingenuous
- Pepsi does damage control over Sponsorship of Anti-Gay Artist
- More »
Arisco, which has annual sales of US$440m, would be Bestfood's largest acquisition since 1995, when the company purchased the baking arm of Kraft, the food division of US tobacco conglomeate Philip Morris. Arisco is 80% owned by the company's founding family and 20% by Goldman Sachs. The products ranges of the two groups are extremely complementary -- Bestfoods is the group behind the Knorr range of soups.
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express