Milling & Baking News - January 8, 2013 - 24

Stock Market Review 

€1.26, up 100% from the 2011 close 115 jobs from its Australian baking Ltd. in December 2010, closed 2012 of €0.63. Greencore continued its business as a result of the closing of at $99.87, up 49% from $67.11 and expansion in the United States with three bakeries. The moves are part of compared with $91.75 in 2010. In France, Groupe Danone S.A., the the acquisition of H.C. Schau & Son, Project Renaissance, a larger initiative Inc., a fresh food manufacturer with at Goodman Fielder that is geared country’s largest food and beverage facilities in Jacksonville, Fla., and toward reducing the company’s company, closed 2012 at €49.91, up Chicago, and Marketfare Foods, overall cost base and optimizing narrowly from €49.24 in 2011. The which makes branded, proprietary, manufacturing and supply chain. company in mid-October sold its and co-pack sandwiches, wraps, Goodman Fielder closed its facility at Vitasnella biscuits and snacks brand burritos and sauces for a variety of Rockhampton on July 20, and plans in Italy to Mondelez International. In The Netherlands, Unilever, the convenience channels in the United to close its Whiteside bakery in the second quarter of fiscal 2013, and its Anglo-Dutch food and personal States, including 7-Eleven. Kerry Group finished the year at Cairns facility in the third quarter of products business, closed 2012 at €40.5p, up 43% from €28.28 in 2011. In fiscal 2013. Meanwhile, the company’s €28.84, up 9% from €26.57 in 2011. early October, Kerry established the Townsville bakery will be upgraded In mid-2012, Unilever sold its North Kerry Global Technology & Innovation to serve customers in the north American frozen meals business for approximately $265 million to Centre in Ireland. The center will serve Queensland region. Agrium Inc., which acquired AWB Omaha-based ConAgra Foods, Inc. Kerry’s global and regional customers in The acquired businesses the EMEA (Europe, Middle East include the Bertolli’s and & Africa) region and will serve Foreign stocks, 2012 share P.F. Chang’s brands, and the as a key focal point for Kerry’s business unit had annual sales customer engagement activities price performance of approximately $300 million providing strategic customers Marks & Spencer United Kingdom 23% in 2011. The agreement also with access to the group’s Premier Foods United Kingdom 92% included a license for the use technologies, scientific research, Gregg’s P.L.C. United Kingdom -10% of the Bertolli brand name innovation and applications Tesco United Kingdom -17% on the frozen meals and the expertise across food, beverage Associated British Foods United Kingdom 41% transfer of Unilever’s license and pharmaceutical markets. Tate & Lyle P.L.C. United Kingdom 8% with P.F. Chang’s for the use Kerry said it will invest €100 of the P.F. Chang’s Home million in the new campus, which Carr’s Milling United Kingdom 34% Menu brand. will accommodate 800 people in Sainsbury P.L.C. United Kingdom 14% Ahold, the Dutch-based 2015 and another 100 positions Finsbury Food Group P.L.C. United Kingdom 38% company with global food when fully commissioned by Kerry Group Ireland 43% retailing and food service mid-2016. Construction of the Greencore Group Ireland 100% operations, finished the year new facility will begin in early Origin Enterprises Ireland 36% at €10.14, down narrowly from 2013 once planning is complete, Agrium Inc. Australia 49% €10.36 in 2011, while DSM, Kerry said. GrainCorp Ltd. Australia 57% the Dutch chemical company Origin Enterprises ended Goodman Fielder Ltd. Australia 41% with food ingredient interests, 2012 at €4.15, up 36% from First Baking Co. Japan 0% rose 28% for the year, closing €3.05 at the end of 2011 and at €45.79. compared with €3.20 in 2010. Nisshin Seifun Japan 15% CSM, the Dutch company Origin Enterprises P.L.C. is a Nissin Foods Holdings Japan 8% with a strong presence in food and agribusiness group Nippon Flour Mills Co. Ltd. Japan 3% baking ingredients in North based in Dublin. Yamazaki Baking Japan -5% America and in Europe, In Australia, GrainCorp Ltd. Indofood Indonesia 27% finished sharply higher, closed the year at A$12.35, up Flour Mills Nigeria Africa -1% ending up 32% at €16.25. In 57% from A$7.85 at the end of Danone France 1% early July, shareholders of 2011. The company’s stock price Ahold n.v. The Netherlands -1% CSM approved a proposed jumped in mid-October after CSM The Netherlands 32% strategic transformation Decatur, Ill.-based Archer Daniels DSM The Netherlands 28% of CSM into a bio-based Midland Co. raised its stake in ingredients company. The the company to 14.9% from 4.9% Unilever The Netherlands 9% transformation includes and announced its intent to try Nestle S.A. Switzerland 10% plans to divest CSM’s North and acquire the company. But in Aryzta AG Switzerland 3% American and European early December, GrainCorp Ltd. Alexandria Flour Egypt 1% Bakery Supplies businesses. rejected a second offer from ADM Middle and West Delta Flour Co. Egypt -10% After the divestment, CSM’s to acquire its outstanding shares North Cairo Flour Egypt 8% Purac business, a market for A$12.20 per share ($12.88) South Cairo & Giza Flour Mills Egypt 7% leader in lactic acid and its in cash, claiming the proposal Egyptian Starch Egypt 52% derivatives, should account “materially undervalues” the Upper Egypt Flour Egypt 4% for 56% of CSM’s sales. CSM’s company. Ebro Foods Spain 2% Caravan Ingredients, a leader Also in Australia, Goodman in North American markets Fielder Ltd. finished 2012 at Tiger Brands Ltd. South Africa 30% for specialty ingredient A$0.62, up 41% from A$0.44 in Quinenco Chile 132% such as emulsifiers and 2011. In mid-2012, Goodman Molinos Rio Plata Argentina -14% enzymes, should account for Fielder said it would cut
24 / January 8, 2013 Milling & Baking News bakingbusiness.com / world-grain.com

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Milling & Baking News - January 8, 2013

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