Sales in the frozen aisle have been lacklustre in the US for some years. However, increased competitive activity from the likes of Nestle, C...
Tyson Foods has won through in the bidding war to acquire Hillshire Brands with an improved US$63 per share offer for the for the Jimmy Dean...
Tyson Foods entered fray today (29 May) when it issued a fresh bid for Hillshire Brands, trumping an earlier offer from Pilgrim's Pride. Lik...
With the bidding war for Hillshire Brands intensifying, it is pertinent to point out just how correct Sara Lee's management - and those on W...
The creation of Brasil Foods, one of the world's largest meat groups, from Brazil's Perdigao and Sadia, was a rare mega-merger in 2009, when the global crash hit M&A. However, the deal is yet to win complete regulatory approval and, although parts of Perdigao and Sadia are operating together, Brasil Foods is yet to reap the rewards of the merger. In this month's just-food interview, Michelle Russell speaks to Brasil Foods CFO Leopoldo Saboya about the prospects for the business.
US-based meat groups have had a tough time of late amid soaring feed costs and weak domestic demand. However, Tyson Foods, the country's largest processor, has seemed better equipped to weather the storm - not least because of its international ventures. One of the company's key markets is China. In this month's just-food interview, Dominique Patton spoke with James Rice, vice president and country manager of Tyson's Chinese business, about the company's ambitions in the East.
This week, Treehouse Foods announced a deal to buy US private-label peer Flagstone Foods. In other M&A news in the US, Tyson Foods and Hillshire Brands finalised an agreement over a takeover of the Jimmy Dean meats manufacturer. Chinese firm Huaxia Dairy and ethnic foods supplier Shazans both announced expansion following investments in the companies. Elsewhere, Burton's Biscuit Co. was in hot water with union officials after announcing 64 jobs were to go at its Edinburgh site.
Tyson Foods and Hillshire Brands today (2 July) entered into a "definitive" agreement that will see the US meat processor acquire the maker of Jimmy Dean sausages for US$8.55bn.
Pinnacle Foods plans to use the break-up fee it will receive from the termination of its proposed agreement to be sold to Hillshire Brands to lower its debts.
Godrej Tyson, the Indian joint venture between Indian conglomerate Godrej and Tyson Foods, has increased its capacity by 80% to drive growth of its value-added chicken brands.
Trading conditions in the UK and US remain tough and this week two companies - Premier Foods and ConAgra Foods - saw their shares hit after reporting sluggish sales. Elsewhere, the CEOs of the world's largest food manufacturers announced actions they believe will improve consumers' health.
- On the move: What's in store from Tesco's new CEO?
- The just-food interview: Premier Foods CEO Darby
- On the money: Danone denies strategy overhaul
- Focus: Progress but Campbell faces questions
- On the money: Can Premier build H2 sales momentum?
- UPDATE: Premier establishes international unit
- Campbell issues warning on 2014/15 fiscal year
- S&A Foods announces restructure, 55 jobs to go
- Universal Robina to buy biscuit firm Griffin's
- Premier launches Oxo pots range in UK