Brazilian protein giants Marfrig and JBS have reached an agreement that will see the ownership of European poultry processor Moy Park transf...
All signs are pointing to a growing public awareness of – and concern about – the use of human antibiotics in animals that will subsequently...
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.
With the bidding war for Hillshire Brands intensifying, it is pertinent to point out just how correct Sara Lee's management - and those on Wall Street that supported the split - were about the shareholder benefits of separating the old business.
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.
JBS, the Brazil-based meat giant, saw pressure on margins on the company's added-value Seara unit and on its US-based beef and chicken businesses in its second quarter.
Brazilian meat group JBS has filed registration requests with the US Securities and Exchange Commission in its next steps towards a corporate shake-up that will see it spin off its international businesses into an Ireland-based company – which in turn is expected to be listed on the New York Stock Exchange.
US chicken group Pilgrim's Pride has reported a 37.5% fall in operating income for the second quarter of 2016 – down to US$237m from US$378m in the same period a year ago.
Brazilian meat group JBS said today (1 July) that it had nothing to do with a corruption probe that led to a police raid on offices of another firm owned by JBS majority shareholder J&F Participacoes.
US chicken group Pilgrim's Pride has received approval for a US$24m expansion project that will expand production for retail channels at its poultry processing complex in Mayfield, Kentucky.
Brazilian meat group JBS has detailed plans to restructure its business into international and domestic units in order to "strengthen its leading position" in the global food industry and "increase competitiveness".
JBS, the Brazilian meat group, reported lower first quarter earnings due to margin pressure at the group's US chicken and beef businesses.
First-quarter sales and profits at Pilgrim's Pride, the US poultry processor, have fallen.
Brazilian meat and poultry processor JBS has reported a jump in full-year sales and profits.
JBS has declined to comment on allegations that its 2009 merger with Bertin Group involved fraud that harmed minority shareholders.
Brazilian meat group JBS has revealed plans to reorganise its regional management structure into four: South America, North America, Europe and Asia Pacific.
Pilgrim's Pride today (16 February) announced a capital investment programme of US$190m to grow its brands.
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.
- Nestle on China, candy, nutrition - analysis
- Why Jet.com purchase could boost Wal-Mart online
- What lies ahead for Tyrrells and Amplify?
- England child obesity plan should cheer industry
- Interview, part 1: Emmi CEO Urs Riedener
- Mondelez buys rest of Vietnam snacks business
- Lotus Bakeries enjoys growth organically, via M&A
- Australia launches dairy sector probe
- Smucker cuts forecast as sales decline
- Emmi earnings grow but sales outlook lowered