Smithfield Foods CEO Larry Pope has insisted the US meat will produce "another year of solid earnings" despite lower quarterly profits. Falling earnings from fresh pork and hog production contributed to a decline in first-quarter profits ...
Tags: Smithfield, solid earnings, lower quarterly profits, falling earnings
Maple Leaf Foods has agreed to buy Canadian hog production firm Puratone, a deal the food group said would provide a "consistent supply" to its value-added meats business. The C$42m transaction includes livestock, facilities and interests ...
Tags: hog, Puratone deal, Foods, food group, meats business
The week's two major stories broke within hours of each other on Wednesday - Tesco admitted it was "likely" to leave the US and Germany's Intersnack snapped up United Biscuits' salty snacks business. Elsewhere, ex-Tesco CEO Terry Leahy led ...
Tags: salty snacks, Intersnack, Hula Hoops, McCoy's, Skips, dairy, pork sector
Maple Leaf Foods has entered into an agreement to acquire Puratone, a leading hog production company in Canada, for C$42m ($42m). The acquisition includes livestock, facilities and interests in some joint ventures. The deal is expected to ...
Brazilian beef producer Marfrig plans to sell a stake in order to lower its mounting debts,in a move which is expected attract food companies as well as private equity firms. The company has appointed Brazilian bank Banco Itaúto ...
Tags: stake, debts, bidding, acquisition