Cargill Canadian meat plant strike action concludes after 41 days
The striking workers at a meat plant in Canada, owned by US agri-food giant Cargill, have agreed to return to work after negotiating a new...
Category : Finance
Maple Leaf Foods Divests Pork Operations
Maple Leaf Foods is undergoing a significant transformation in the food and beverage industry, as it announces the spin-off of its pork business to create...
Local investor E3 Holding acquires German bakery Pema
E3 Holding, a German investment group, has acquired a majority stake in Pema, a local rye bread producer. The investor purchased 74% of the company,...
Another US pork plant closure planned by Smithfield Foods
Smithfield Foods, a US pork processor owned by China’s WH Group, is closing a ham-boning facility in Altoona, Iowa, putting over 300 jobs at risk....
Australia’s Committee Calls for Food Reforms to Address Diabetes and Obesity
An Australian parliamentary body is recommending a number of reforms in the food and drinks sphere to address the increasing prevalence of diabetes and obesity,...
FNB ownership confirmed for Nestlé baby-food assets in France
FnB Private Equity has finalized the acquisition of Nestlé’s baby-food assets in France, including the NaturNes, Babicao, and Babivanille brands, after five months of negotiations....
Suspension of Vion Food’s export licence outside of the EU
Vion Food Group, a Netherlands-based meat supplier, has faced a suspension of its export license outside of the EU by the country’s food standards regulator....
Emmi to Acquire Mademoiselle Desserts in New Deal
Emmi, a Swiss dairy major, has announced its plans to acquire the France-based frozen-bakery business, Mademoiselle Desserts. The enterprise value of the deal stands at...
Matr Foods plans to increase alt-meat production with new factory expansion
Matr Foods, a meat-alternative start-up in Denmark, is aiming to scale up its production volumes with a new facility within the next two years. Founded...
Brüggen and Frischli Form Partnership to Launch Oat-Based Drinks Joint Venture
German cereal manufacturer H&J Brüggen and dairy producer Frischli are collaborating to establish a joint venture focused on oat-based food and drink products. This partnership...