Tyson Foods, the US-based meat giant and one of the world’s largest food makers, this week announced two more steps in its strategy to focus on value-added protein, including a US$4.2bn deal to buy US burgers-to-sandwiches supplier AdvancePierre Foods Holdings. Nestle announced plans to cut almost 300 jobs in the UK, provoking the anger of unions. And Switzerland-based dairy business Emmi announced a move to boost its presence in Brazil with the acquisition of a minority stake in local group Laticínios Porto Alegre Indústria e Comércio.
Tyson Foods to buy US convenience food firm AdvancePierre Foods Holdings
Tyson Foods, the US-based meat giant, has moved to buy local convenience food group AdvancePierre Foods Holdings in a deal worth US$4.2bn.
Tyson shops Sara Lee bakery, Kettle and Van’s units
Tyson Foods has announced plans to sell three non-protein businesses – the Sara Lee frozen bakery brand, Kettle and Van’s Company – in order to focus on its core operations.
Nestle to cut UK confectionery jobs
Nestle today (25 April) announced plans to cut almost 300 jobs from its confectionery business in the UK.
Emmi acquires stake in Brazil’s Laticinios Porto Alegre
Swiss dairy group Emmi is acquiring a 40% stake in Brazilian dairy processor Laticínios Porto Alegre Indústria e Comércio.
TreeHouse Foods sells soup, baby food units to Insight Equity-backed Riverbend Foods
TreeHouse Foods, the US private-label supplier, has offloaded its soup and infant feeding business to Riverbend Foods, a new company set up by private-equity firm Insight Equity.
Heritage Foods eyes German yogurt launch in India
Indian group Heritage Foods plans to launch a German yogurt brand in the country, the company has confirmed to just-food.
Financiere Turenne Lafayette accepts Cooperl bid for charcuterie unit
Embattled French food holding company Financiere Turenne Lafayette has accepted a takeover offer from local pork giant Cooperl for its charcuterie business.
Ebro invests in US frozen pasta, rice plant
Ebro Foods is investing in a pasta, rice and grain product production plant in the US.
Agrial to buy Italian dairy firm Bonta Viva from Senoble
Agrial is poised to buy Italian dairy firm Bontà Viva from fellow French group Senoble.
Glanbia signs deal on Dairy Ireland stake sale
Ireland-based food group Glanbia has moved a step closer to selling a 60% stake in its domestic dairy products business.
Kidfresh eyes growth after funding round
US frozen children’s meal maker Kidfresh plans to “accelerate growth” following a funding round led by Monogram Capital Partners.