PHILIPPINES: RFM board approves Swift Foods acquisition
The board of Philippines food and drinks manufacturer RFM has approved the acquisition of the meat processing business of its Swift Foods unit.
The acquisition deal, which still requires the approval of Swift's board, will cover all assets of the meat processing business except the factory and land which is situated just south of Manila.
The acquisition is thought to be part of RFM's plan to consolidate all branded food products under one division, reported Dow Jones Asian Equities Report.
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Beef and pork producer Swift & Company executive vice president and CFO Danny Herron will leave the company when his contract finishes on 19 September 2006....
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Beef and pork processor Swift and Company has announced that executive vice president and chief financial officer Danny C Herron has decided to leave the company by 19 September 2006, the end of his c...
UK supermarket group Asda has said that its first four stores in Northern Ireland have beaten weekly sales targets....
US meat processor Swift & Company has reported net sales of US$2.4bn for its fiscal first quarter ended 28 August 2005, down 4% from the previous year's first quarter....
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