Pinnacle Foods outsources indirect spend

10 February 2010

10 February 2010 | Jake Kanter
 


Pinnacle Foods Group has outsourced its indirect procurement to ICG Commerce in a three-year deal.
 


Pinnacle, one of the largest food firms in the US, will hand over spend categories including advertising, logistics, capital equipment, and plant-related supplies and services.
 


The financial terms of the deal were not revealed, including how much the company plans to save from the move. 


CFO of Pinnacle Craig Steeneck said: “Our goal is to reduce costs associated with indirect spend, while keeping our internal resources laser-focused on generating productivity across our supply chain.”  


The company’s brands include Mrs Butterworth’s and Lender’s Bagels.

It took over Birds Eye Foods last year in a $1.3 billion (£826.7 million) deal.

Consumer goods firms Kimberly-Clark, Chiquita and Whirlpool have also outsourced purchasing to ICG.

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