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Frozen food has moved from a back-up option to a core element of meal planning for a growing share of US households.
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The deal is envisaged to increase the US protein group’s chicken sales to 13% of the portfolio from around 5% currently.
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The France-based agri-food co-ops said a “deterioration” in the economic climate meant they had decided to step back from the deal.
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The Japanese firm has made the transaction through a deal for Sealaska Foods International Holdings, part of Alaska-based Sealaska Corp.
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Scandi Standard CEO Jonas Tunestål talks M&A, ESG scrutiny and staying pure-play poultry.
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The spend splits into a €35m skyr upgrade in Upahl, Germany, and a €28.3m cottage-cheese expansion in Falkenberg, Sweden.
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Haribo has also backtracked on a plan to eventually close the Jülicher Landstrasse site in Germany.
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One of the reasons cited by the privately-owned company is the “economic viability” during the testing business environment.
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