Buoyant Booker bids for Nurdin & Peacock after two-year wait

Article Abstract:

Booker of the UK, a cash & carry wholesaler, has offered 264 million pounds sterling for Nurdin & Peacock, its main rival. The deal would increase Booker's share of the cash & carry sector to 40% and lead to the closure of 40 depots. Booker has reported a rise in first half profits to 32.6 million pounds sterling, on sales up slightly to 1.89 billion. There was continued good performance from overseas food distribution, and there are plans for several new joint ventures.

Misc. Nondurable Goods, Wholesalers NEC, Miscellaneous Nondurable Goods Wholesalers, Mergers, acquisitions and divestments, Wholesale trade, Booker Cash and Carry, Nurdin and Peacock Cash and Carry Ltd.

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CSM sees profits rise in first half

Article Abstract:

Sales at Dutch food and ingredients concern CSM rose by 21.7% in the first six months of the 1997 to 1998 financial year from the year-earlier period to Hfl1.96 billion, while net profits were up 10.8% to Hfl12 million. There was a small fall in both sales and operating profits in the group's sugar division, but turnover in the sugar confectionery division rose sharply. This was the result of the purchase in 1997 of Swedish confectionery concern Malaco.

Chocolate and Confectionery Manufacturing from Cacao Beans, Confectionery Products, Candy & other confectionery products, Raw cane sugar, Sugarcane Mills, Raw Cane Sugar & Byproducts, Candy, Sugar industry, Candy industry, CSM N.V., Raw sugar

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Heinz ahead in first quarter

Article Abstract:

HJ Heinz of the US, a food group, reported profits up 13% to $174.5 million in the first quarter of 195, on turnover up 21% to $2.09 billion. It has recently acquired the North American petfood operations of Quaker Oats, Farley's baby food business and Kraft's All American Gourmet subsidiary, which represented about 12% of the sales increase.

H.J. Heinz Co., HNZ

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