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November 21, 2014

Food industry news of the week: Kellogg, JBS, bird flu

Kellogg this week made a move for Bisco Misr after private-equity firm Abraaj tabled an offer for the Egypt-based snacks group.

By Dean Best

Kellogg: Bisco Misr bid part of “global leader” snacks aim
Kellogg has confirmed it has pressed forward with a bid to acquire Egyptian snack maker Bisco Misr.

JBS to buy Australian meats group Primo Smallgoods
Brazilian meat giant JBS has struck a deal to buy Australian ham and bacon producer Primo Smallgoods for A$1.45bn (US$1.26bn).

Dutch suspend poultry distribution again amid second bird flu outbreak
Dutch authorities have introduced another 72-hr ban on transporting poultry, eggs and other related products after a second outbreak of avian influenza.

French authorities charge four in horsemeat scandal
A Paris district court has completed its investigation into last year’s pan-European meat scandal which saw horse being passed off as beef, charging four men with fraudulent action.

Lactalis submits takeover bid for Arab Dairy
Dairy group Lactalis has submitted a bid for the takeover of Egypt’s Arab Dairy Products.

Raisio acquires Benecol remainder from Johnson & Johnson
Finnish food group Raisio has announced the acquisition of the Benecol business in the UK, Ireland and Belgium from Johnson & Johnson in an EUR88.4m (US$110.8m) deal.

The just-food interview: BRF CFO Augusto Ribeiro
Brazilian food giant BRF has an ambitious agenda. The company hopes to expand in what it calls the “white space” of the global protein sector. The group has laid the groundwork by undergoing a far-reaching organisational transformation, which CFO Augusto Ribeiro tells Katy Askew, will enable BRF to deliver a stable margin profile – forming the foundation for planned international expansion.

Live blog: Food Matters Live
just-food was at the ExCel centre in London’s Docklands this week for a new industry event – Food Matters Live. Launched this year, Food Matters Live was a three-day conference and exhibition, which, organisers touted as, “bringing together the food and drink industry, retailers, foodservice providers, government, and those working in nutrition and health to tackle one of the most important challenges of our time – the relationship between food, health and nutrition”. We reported live from day one of the event with this rolling blog.

Mizkan announces restructure, 87 UK jobs at risk
Mizkan is planning to cut 87 jobs in the UK, with the Japanese food group pointing to “challenging” trading conditions in the country.

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