Brazilians meat firm JBS expects to complete the acquisition of key XL Foods assets within a week, and is seeking regulatory approval to handle the stricken Canadian group's US operations. JBS said today (10 January) it expects to ...
Tags: Brazil, JBS, meat firm, acquisition, XL Foods
Chinese meat processor Zhongpin has blamed higher costs and increased competition for a fall in quarterly profits. Zhongpin said its net income fell 40% to US$11m in the third quarter of the year. Sales increased 4% to $415.7m but ...
Tags: Meat Firm, Costs, Competition
Scottish farmer-owned co-operative ANM Group has announced plans to sell its Scotch Premier Meat and Yorkshire Premier Meat businesses following a strategic review of its operations. In a statement yesterday (19 July), the company said ...
Tags: meat processing, Premier Meat, Meat, Meat businesses
Chinese meat firm Zhongpin is set to be taken private by its chairman and chief executive. Nasdaq-listed Zhongpin announced today (26 November) chairman and CEO Xianfu Zhu had agreed to pay US$13.50 a share for the company. Zhongpin ...
Tags: Zhongpin, taken private, food industry, food company
Bay Cuisine,a New Zealand meat firm,has recalled several of its products after tests revealed that they were linked to a Listeria outbreak that led to two deaths at a hospital. Bay Cuisine,which provides the food items to the ...
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
Meat firm Kettyle Irish Foods has won a £1.2M contract to export bacon to Albert Heijn, a leading European food retailer based in the Netherlands. In addition to bacon, the County Fermanagh-based firm produces dry aged beef, lamb, ...
Tags: Kettyle Irish Foods, Bacon, Exports
Efficiency improvements and successful price negotiations are helping meat firm Cranswick offset the impact of rising feed costs,according to City analysts commenting on its interim results for the six months to September 30. Reported ...
Tags: Cranswick, feed costs, input costs
New Zealand meat processor Silver Fern Farms has booked a loss in the year to the end of September as higher lamb prices hit global demand. The company racked up a net operating loss of NZ$31.1m (US$25.4m) in the 12-month period, down ...
Tags: meat processor, lamb, net operating loss, farm
Finnish meat firm HKScan has booked an increase in third-quarter profit and reaffirmed its full-year guidance. In the three months to the end of September, the company earned EUR6.9m (US$8.8m), a 23.2% increase on the prior year period. ...
UK meat packer Hilton Food Group has said its first-half results are "in line" with expectations as it battles depressed consumer sentiment throughout Europe. In its interim update today (6 November), the company said "steady progress" ...
Tags: Meat Firm, Hilton, meat packing
Finnish meat firm HKScan has reported widening half-year losses and reiterated its warning that annual EBIT will fall this year. In the six months to the end of June, net losses amounted to EUR5.1m (US$6.3m) compared to a net loss of ...
Tags: HKScan, meat, will fall, poultry slaughtering, meat raw material
Russian meat processor Cherkizovo has provided a mixed update on its first-half sales volumes. The London-listed firm said today (2 August) volumes from its poultry division, the company's largest business, rose 34% in the first half ...
Tags: meat, first-half sales volumes, Cherkizovo, meat processor
UK sausage and bacon supplier Cranswick has started its new financial year with a 7% increase in first-quarter sales. Cranswick today (1 August) reported a 7.4% rise in sales for the three months between 1 April and 31 July. The ...
Tags: sausage, bacon, first-quarter sales, Cranswick, Meat Firm
Struggling Dutch meat firm Vion has announced a raft of job cuts across its European operations. In its latest set of results, the company said economic conditions and increased prices for raw materials hit the firm's profits last year. ...
Tags: meat, increased prices, raw materials, job cuts