Almunajem Foods Establishes Supply Partnership with Balady Poultry
Saudi Arabia’s Almunajem Foods Co. and Balady Poultry have established a seven-year partnership for processing and distribution. This agreement aims to enhance their presence in...
Category : Finance
Lactalis to Shut Down Its Australian Facility
French dairy multinational Lactalis is set to close its dairy manufacturing facility in Australia, as announced in a statement on January 20. This decision follows...
Tapatio Hot Sauce Acquired by Private Equity Firm
TapatÃo, a prominent hot sauce brand based in the United States, has been acquired by the private equity firm Highlander Partners, marking a significant development...
Just Egg Launches in Germany with Rewe Partnership
Just Egg has officially entered the German market with its launch at Rewe, marking a significant milestone in its global expansion strategy. This move aligns...
Olymel Appoints Daniel Rivest as CEO of Canadian Meat Processing Company
Olymel, a prominent player in the food and beverage industry, has appointed Daniel Rivest as the new CEO of its Canadian operations, succeeding Yanick Gervais....
Austria to Cut VAT on Certain Food Items, Funded by New Plastics Tax
Austria is set to implement a significant reduction in VAT for select food items, aiming to decrease the rate from 10% to 5%. This initiative...
Asahi’s Food Sales Decline Again in December Due to Cyber Incident
Asahi Group Holdings has recently announced a continued decline in sales from its food division, although there are signs of improvement in the trend. The...
Mission Produce Acquires Avocado Competitor Calavo Growers
Mission Produce has finalized an agreement to acquire fellow avocado supplier Calavo Growers in a deal valued at approximately $430 million. This announcement follows seven...
Brazil’s JBS to Withdraw from Jack Link’s Meat Snacks Partnership
Brazil’s JBS aims to exit its meat snacks joint venture with U.S.-based Jack Link’s, which was established in 2010. This strategic move reflects the evolving...
US Snack Brand The Good Crisp Company Under New Ownership
US snacks brand The Good Crisp Company has undergone a significant transition, with New York-based asset manager MPearlRock acquiring the business. While the financial details...