Tyson Foods to close US pork plant, affecting 1,200 workers
In a recent announcement, US-based meat giant Tyson Foods revealed its decision to permanently close a pork plant in Iowa, impacting 1,276 employees at the...
Category : Finance
Shareholder Resolution Challenges Nestlé’s Health Credentials
A coalition of Nestlé shareholders is requesting the company to significantly enhance its offering of healthy food products. The investors, organized by investment advocacy group...
Vilvi Group makes significant investment in cheese production in Latvia
Lithuania-based dairy major Vilvi Group is investing €50m ($54.6m) to expand cheese production at its Bauska facility in Latvia. This is the company’s largest investment...
JBS removed from the SBTi climate commitment registry
JBS’s emissions targets have been removed from the Science-Based Targets Initiative (SBTi) website, raising concerns about its environmental sustainability efforts in the food and beverage...
Japfa’s Meat Group Experiences Uncertainty Over Singapore Delisting Discussions
Japfa, a prominent agri-food business, is reportedly contemplating delisting from the Singapore stock exchange and transitioning to a private entity. However, the company has partially...
HKScan considering selling off its Danish business
HKScan is currently considering divesting from its Denmark business, following the agreement to sell its Swedish business earlier this year. In a stock exchange statement,...
The Australian poultry group Inghams to acquire New Zealand company Bostock Brothers
Australia-based poultry supplier Ingham Group has announced plans to acquire New Zealand peer Bostock Brothers. The acquisition, valued at NZ$35.3m ($21.8m), will further enhance Ingham’s...
Danone removes plant-based products from US stores
Danone confirmed the discontinuation of Silk Nextmilk and So Delicious Dairy Free Wondermilk in the US last year. The France-based dairy manufacturer explained the decision...
SunOpta divests frozen açaà and smoothie bowls business to Sambazon
SunOpta has sold its frozen açaà and smoothie bowls business to Sambazon, a California-based company. This move follows a previous deal where SunOpta divested its...
The Curators exploring potential ventures beyond the UK
The UK savoury snacks company, The Curators, has recently shifted its focus towards exploring opportunities to sell its products overseas. After acquiring local peer Cheesies...