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“There is an enormous amount of room within frozen food to take share from longer term incumbent players,” Schiefer tells Just Food.
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The Canadian frozen-food group called the deal an “important next step” in its long-term growth strategy in India.
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Combined with 275 hectares farmed in Tuscany, the deal gives Loacker direct management to around 400 hectares.
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PepsiCo CEO Ramon Laguarta insisted the company would look “aggressively” at the costs associated with its drinks business in North America.
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Taylor Farms chief executive Bruce Taylor said the company would take additional steps to make its food “even safer”.
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The US poultry processor has set up a “special committee” to assess the JBS proposal.
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The Spanish group said the transaction helps fend of foreign competition entering the local poultry market.
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The Nasdaq-listed group plans to invest in the core business and bringing net leverage, below 1.5 times adjusted EBITDA.
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“It’s been a real challenge from every direction” in grappling with higher costs, founder Heathcote tells Just Food.
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