Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolida...
Brazilian protein giants Marfrig and JBS have reached an agreement that will see the ownership of European poultry processor Moy Park transf...
Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.
Brazil-based JBS is already the world's largest meat supplier but it has its sights on growing further in value-added products and in Asia - and has turned to a business in Australia to help it achieve that goal.
The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar for quality businesses in a consolidating sector.
Tyson Foods entered fray today (29 May) when it issued a fresh bid for Hillshire Brands, trumping an earlier offer from Pilgrim's Pride. Like Pilgrim's, Tyson stressed the strategic merits of taking control of the Jimmy Dean-to-State Fair manufacturer. Tyson is clearly prepared to pay a premium price for Hillshire - but will another bid be forthcoming? Katy Askew reports.
Brazil's Vigor, created when meat giant JBS listed the business last year, wants to be the largest dairy company in the country. Two months ago, Vigor invested in rival Itambé, a deal that enabled it to take the number three spot in the Brazilian dairy sector. However, as Paula Krizanovic discovers, Vigor CEO Gilberto Xandó has grander ambitions for the business.
Pilgrim's Pride has blamed export market challenges and commodity issues for a fall in full-year sales and profits.
JBS's majority shareholder has denied claims the meat group's executives are linked to "crimes against the financial system" as its share price plunged more than 14%.
JBS has dismissed a report linking the Brazil-based meat giant to a move for UK processor Dunbia.
Moy Park, the meat processor, is to end production at a factory in Wisbech in eastern England.
JBS-owned European unit Moy Park has launched Moy Park Chicken Sensations, a line of chilled, breaded chicken products, in the UK.
The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.
From the merger that created Kraft Heinz and ConAgra Foods' decision to split in two, through Nestle's uneven sales performance and on to investment in India and China, our analysis pages got you clicking this year. Here's the top ten most-read analysis articles of 2015.
JBS-owned Moy Park has announced a GBP10m (US$15.1m) investment in its poultry plant in the English town of Ashbourne.
Meat processor JBS has posted an increase in third-quarter profits and sales despite weakness in its US market.
The US Department of Agriculture has calmed fears over the outlook for feed prices, prompting shares in protein groups such as Pilgrim's Pride and Sanderson Farms to rise.
This week, McCormick & Co. highlighted China as a strength in its first half numbers. Valio made a commitment to halve sugar in its dairy snacks and the Consumer Goods Forum committed to halving global food waste by 2025. Elsewhere, Ebro Foods acquired French sandwich maker Roland Monterrat. Here is the week in quotes.
ConAgra said that it will sell its private brands business after reporting losses. We asked whether General Mills' plans to turn around US sales will work and took a detailed look at what Grexit would mean for the food industry in Greece. Here are this week's highlights on just-food.
Brazilian meat group JBS has entered an agreement to acquire Cargill's US pork business in a deal worth US$1.45bn.
The US market has opened to fresh beef imports from Brazil and Argentina, ending a long period of restriction, the US Department of Agriculture's Animal and Plant Health Inspection Service revealed yesterday (29 June).
This week has been bumper for food sector M&A. Ferrero announced that it is gobbling up UK chocolate maker Thorntons. JBS is taking control of Moy Park from heavily indebted Brazilian meat group Marfrig. Grupo Bimbo also announced it has purchased parts of Spanish baker Panrico. Meanwhile, in the world of retail, Delhaize and Ahold revealed plans to combine. Here is just-food's top news and insight coverage from this week.
Marfrig has entered into a deal to sell its European meat business, Moy Park, to fellow Brazil-based meat group JBS for around US$1.5bn.
Russia has imposed a temporary ban on imports from 10 Brazilian meat processing plants.
JBS chief executive Wesley Batista has reportedly indicated the Brazilian meat group is seeking further acquisitions in both North and South America, as well as Australia.
Brazilian protein group JBS reported a jump in both sales and earnings for the first quarter of the year, progress the group attributed to its strategic initiatives and drive to become a "global" business.
US poultry processor Pilgrim's Pride plans to remove all antibiotics from 25% of its chicken production by 2019.
Brazil-based meat giant JBS has labelled reports it is weighing up whether to return to plans to float its US unit as "press speculation".
Brazil-based meat giant JBS attributed a jump in 2014 sales and earnings to its transformation drive, which has aimed to turn the company into a "multinational of Brazilian origin".
JBS, the Brazilian meat giant, has suspended plans to list its processed food business, JBS Foods, in Brazil.
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