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November 25, 2016

Food market news of the week – Trump and TPP, new CEO for Tyson, France’s Duc in “transaction” talks

In a three-minute video on YouTube, President-elect Donald Trump gave some indication of his policy priorities for "day one" of his term - including pulling the country out of the Trans Pacific Partnership trade deal. Staying in the US, meat giant Tyson Foods named a new CEO. Staying in meat, Smithfield Foods snapped up a clutch of assets from Hormel Foods. And French poultry group Duc announced it was in talks over a "significant transaction".

By Dean Best

In a three-minute video on YouTube, President-elect Donald Trump gave some indication of his policy priorities for “day one” of his term – including pulling the country out of the Trans Pacific Partnership trade deal. Staying in the US, meat giant Tyson Foods named a new CEO. Staying in meat, Smithfield Foods snapped up a clutch of assets from Hormel Foods. And French poultry group Duc announced it was in talks over a “significant transaction”.

President-elect Trump to pull US out of TPP trade agreement

President-elect Donald Trump has said the US will quit the Trans-Pacific Partnership (TPP) free trade deal on his first day in the White House.

Tyson Foods names president Tom Hayes new CEO

US meat group Tyson Foods today (21 November) announced president Tom Hayes would become its new CEO at the end of the year.

US meat group Smithfield buys clutch of assets from Hormel Foods

US meat group Smithfield Foods is to acquire Hormel Foods’ Clougherty Packing, the parent company of Farmer John and Saag’s Specialty Meats, as well as two processing facilities and three farms.

French poultry group Duc in talks over “significant transaction”

French poultry processor Groupe Duc today (22 November) asked for trading in its shares to be suspended as the company is in talks over a possible “significant transaction”.

Wal-Mart outlines new US nutrient targets

Wal-Mart Stores has set out a range of new nutrient targets in a bid to make the food it sells in the US healthier.

Country Bird Holdings would not look for alternative M&A target, says CEO Marthinus Stander

Country Bird Holdings CEO Marthinus Stander said the South African poultry group would not seek another acquisition target should it decide not to pursue its interest in local rival Sovereign Food Investments.

Verlinvest acquires stake in Italian tomato firm Mutti

Belgium-based private-equity firm Verlinvest has acquired a 24.5% stake in Italian tomato products group Mutti.

Rhodes Food Group raises funds for future M&A

Rhodes Food Group, the South Africa-based business that has made six acquisitions in the last two years, has used a share issue to raise funds for more deals.

Cargill expanding poultry operations in Thailand

US-based agribusiness and food giant Cargill is to invest US$50m to expand poultry processing operations at its facility in Thailand’s Nakhon Ratchasima province, the company announced today (24 November). 

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