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Management predicts 2026 organic sales will fall by 1.5% to 2%. The previous forecast in December was for a range of down 1% to up 1%.
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The buyer, Minnesota-based LSI, will assume supply contracts with third-party growers tied to Hormel’s whole-bird turkey business.
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“While lower price levels will impact total revenue, they are also expected to support consumer purchasing power,” Arla said.
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In a statement, Vivatis said it is divesting Senna following a “comprehensive strategic process”.
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JM Smucker said the project will add 28,000 square feet of new space and see a further 32,000 square feet renovated.
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London-headquartered MidEuropa has acquired the interest in Poland-based Oshee from peer Innova Capital for an undisclosed sum.
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The UK sports-nutrition business expects to add more than £30m ($40.6m) to annual sales in 2026.
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The new line will be able to produce 30,000 ice creams per hour, equivalent to 10 million litres of ice cream annually.
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