Australian food inflation cools despite rising headline rate
The rise in food prices for the country's third quarter was the softest since September 2021.
25 October 2023
25 October 2023
The rise in food prices for the country's third quarter was the softest since September 2021.
The company said the investment will also expand its coverage to Central America and Colombia.
The deal is being carried out via a leveraged buyout with the fourth generation of the Barbaro family, who founded the company in 1974.
Campbell Soup now expects the transaction to close in mid-2024 instead of this year.
The new brand launch is part of a "major strategic reset", the company said.
Spain’s Flor de Doñana, AG Group in Morocco and Portugal-based Solana Fruits have all been snapped up.
Hepponstall resigned from High Liner Foods in August after more than five years as its CEO.
Vita's products include the Virginia brand Vidalia Onion Vinaigrette.
There are well established use cases for robotics within the consumer goods and packaging industries. Both sectors have used caged industrial robots, industrial cobots, and logistics robots to automate production lines and logistics operations for some time now. Robotics do not fit as easily into the foodservice business model. Robots improve profitability in the long term but have high up-front costs, so investing in robotics is not without risks.
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