CJ CheilJedang of South Korea to Establish Factory in Europe
South Korean food giant CJ CheilJedang is making significant strides in the food and beverage industry by establishing a new production facility in Hungary, aimed...
Category : Finance
Campbell’s Elevates Mick Beekhuizen as New CEO Following NFL Departure
Mark Clouse is stepping down as President and CEO of Campbell’s Company to pursue a career in American football. Clouse has held these roles since...
Butterball to Shut Down Arkansas Facility by 2025
Butterball, a prominent US-based turkey processor, plans to close its Jonesboro, Arkansas processing plant in 2025. This closure will directly impact approximately 180 employees. On...
APU Dairy in Mongolia Secures Funding to Expand Operations
APU Dairy, a leading milk producer in Mongolia, has successfully secured a significant loan totaling Tg136.55bn ($40 million) from two esteemed development finance institutions to...
OWS Foods Acquires Barbecue Brand Lillie’s Q Sauces & Rubs
US-based OWS Foods has successfully acquired Lillie’s Q Sauces & Rubs, a valued player in the barbecue segment established by chef Charlie McKenna. However, the...
New Zealand Suspends Poultry Exports Due to Bird Flu Outbreak
New Zealand has temporarily suspended poultry exports in response to the discovery of H7N6, a highly pathogenic strain of avian influenza at a commercial egg...
Belgian Fruit Companies Devos and Wouters Set to Merge
Devos Group and Wouters Fruit, both reputable family-owned firms based in Belgium, have announced an exciting merger of their trading operations, set to take effect...
Clairvest Purchases Minority Stake in Redstone Food Group
Clairvest Group has taken a significant step in the food and beverage sector by acquiring a minority stake in Redstone Food Group, a prominent Canadian...
Australia’s Fresh Produce Group Sells Majority Stake to MAM
Australia’s Fresh Produce Group (FPG) has taken a significant step by selling a “majority” stake to Macquarie Asset Management (MAM), an investment firm. The specific...
Lactalis Unveils $42 Million Investment in Its Minas Gerais Operations
Lactalis, the prominent French dairy enterprise, plans to expand its operations in Brazil’s Minas Gerais state with a substantial investment of 250 million reais (approximately...