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The UK-listed food-and-drinks group describes M&A as “a fundamental pillar of our growth strategy”.
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Abbott said in a statement that the settlement “does not represent any finding of fault or liability” related to the recall.
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“We see indications that the business is stabilising, profit margins are improving, and we have a stronger operating foundation” – CEO Alison Lewis.
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JPT has pushed back, arguing the merged business would have only a “modest” combined market share and that the two companies are not each other’s “closest” rivals.
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Staff at the Pilgrim’s Europe plant in Enniskillen have been involved in an industrial dispute since early August.
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The group, formerly trading as Maruha Nichiro, has snapped up a minority stake in the Thai seafood and pet-food supplier.
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Sargento Foods’ innovation chief on how the US cheese maker is responding to trends and looking to be more agile in a competitive market.
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As the protein giant backs prepared food lines such as Aidells, State Fair and Ball Park, CFO Curt Calaway warned of a pending beef impairment.
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