This week, the UK government announced how it hopes to support the country’s food exporters, French cheese giant Bel said a deal had been struck to buy a majority stake in dessert and snack maker MOM Brands and Brazilian meat group BRF said it plans to invest in the soon-to-be-listed pork arm of state-backed, Chinese agri-food operator COFCO.
UK announces “action plan” to drive food exports
The UK government today (18 October) set out its bid to increase the value of the country’s food and drink exports by GBP2.9bn, with plans to target a select group of markets.
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Bel takes majority stake in MOM Group
Bel Group has finalised a deal that will see it acquire 65% of fellow French business MOM Brands from investment firm LBO France.
BRF to invest in COFCO Meat upon Hong Kong listing
BRF, the Brazil-based food group, is to invest in COFCO Meat Holdings when the Chinese business lists in Hong Kong next month.
CP Foods buys majority stake in UK foodservice supplier Foodfellas
Thai food giant Charoen Pokphand Foods has bought a majority stake in UK foodservice supplier Foodfellas.
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Nestle lowers outlook on “softer environment”
Nestle lowered its full-year sales forecast in an environment “marked by deflation” and soft pricing today (20 October) after reporting nine-month sales that missed analyst expectations.
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