Closure of UK fish facility by Sofina Foods
Sofina Foods, a Canada-based company in the food and beverage industry, has announced the closure of its white fish processing factory in Grimbsy, UK, effective...
Category : Finance
Canopy Growth Sells Canada Site Back to Hershey
Hershey secures deal to repurchase Canadian facility previously sold in 2007 The renowned confectionery company Hershey has announced the acquisition of its former Hershey Drive...
Beeio, a bee-free honey startup, enters acquisition talks with Wilk, backed by Danone
Israel-based foodtech company Wilk is seeking to acquire Beeio Honey Technologies, a local bee-free honey maker, as part of its expansion plans in the food...
Tyson Foods considering selling its poultry business in China
According to unnamed sources cited by Reuters, Tyson Foods, the US-headquartered meat giant, is planning to sell its China poultry business. The company has hired...
M&A on the Horizon for Premium Brands Holdings
The food and beverage industry is witnessing a resurgence, and Premium Brands Holdings is ready to capitalize on this trend with a series of major...
British cheese company Barber’s acquires dairy exporter Somerdale International
Barber’s Group, a UK cheese business, has recently acquired Somerdale International, a local dairy exporter. The undisclosed deal will not bring about any significant changes...
New factory to be opened by convenience-foods manufacturer Around Noon in the UK
Around Noon Foods plans to open a new UK factory in order to support its future expansion, following impressive organic growth in recent years. The...
Closure of 35 Hog Farms in the US Announced by Smithfield Foods
US pork processor Smithfield Foods is planning to close 35 hog farm sites in Missouri, leading to the layoff of 92 employees in October. The...
Nestlé Expanding Production Capacity with New Production Lines in Egypt
The food and beverage industry trends are witnessing Nestlé’s investment in its operations in Egypt, as the company plans to add four production lines to...
Saputo discards profit target due to subdued consumer demand
Saputo, a Canadian dairy major, is facing challenges in achieving its key 2025 profit target due to waning consumer demand and ongoing market headwinds in...