US food producer Ralcorp Holdings said it sold its industrial tomato paste facility in California to SK Foods, a California-based tomato products producer.
Ralcorp, which makes a variety of store-brand foods including cereals and biscuits, said it would take a related US$5m impairment charge in the most recent fiscal quarter.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now