Food market news of the week - JBS names ex-P&G exec chairman, Conagra linked to Pinnacle Foods, Smucker buys Wesson - Just Food
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Food market news of the week – JBS names ex-P&G exec chairman, Conagra linked to Pinnacle Foods, Smucker buys Wesson

02 Jun 2017

JBS once again featured in the week’s industry headlines, with news the meat giant’s chairman had resigned to be replaced by a former Procter & Gamble executive. Conagra Brands was reported to have approached US peer Pinnacle Foods over a possible takeover, while one deal the company was the sale of its cooking oil brand Wesson to J.M. Smucker.

JBS names Tarek Farahat as new chairman

Brazil-based meat giant JBS has announced the appointment of former Procter & Gamble executive Tarek Farahat as chairman of the embattled group after the resignation of Joesley Batista.

Conagra stays mum on ‘interest in Pinnacle Foods’

Conagra Brands today (1 June) declined to comment on a report it has made an approach to buy US peer Pinnacle Foods.

Smucker to buy Wesson oil brand from Conagra

J.M. Smucker has struck a deal to buy the Wesson cooking oil brand from US peer Conagra Brands for around US$285m.

Aryzta continues to feel pressure in North America

Aryzta, the Swiss bakery specialist, continued to see a weak performance in North America place pressure on its top line during its third quarter.

Dr Oetker acquires Mexico’s Grupo Rexal

German food group Dr Oetker is expanding its presence in the Mexican market, through the acquisition of baking company Grupo Rexal.

Nestle mulling new investments in Nigeria

Nestle has confirmed it is considering proposals to boost sales in Nigeria by stepping up investment in its production and distribution networks in the country.