Unilever has agreed to acquire Brazilian natural and organic food business Mae Terra for an undisclosed price to boost its food portfolio. The consumer goods giant expects the acquisition of the Brazilian food manufacturer to accelerate ...
Tags: Unilever, Organic Food
US-based cereal maker Kellogg has entered into an agreement to acquire Ritmo Investimentos, a controlling shareholder of Brazilian food group Parati Group. The purchase price of the acquisition is about $429m and it will be an all-cash ...
Tags: Kellogg, emerging markets
Archer Daniels Midland Company (ADM) has acquired the remaining 60% stake in Brazilian natural extracts manufacturer Amazon Flavors. The financial details of the transaction have not been disclosed. ADM's WILD Flavors and Specialty ...
Tags: Amazon Flavors, natural extracts
Brazilian food manufacturer BRF has completed the acquisition of UK based food company, Universal Meats for £34m. This deal will enable BRF to expand in local markets in the UK. The negotiations for the takeover began in December ...
Tags: Universal Meats, UK markets
Brazilian food company BRF has been recognized for its sustainability efforts by including it in the environmental, social and governance (ESG) index, which was launched in June 2014. The ESG index was launched by Euronext which is a ...
Brazilian food company BRF is set to establish a joint venture with UK-based Invicta Food Group to distribute processed foods in Britain, Ireland and Scandinavia. Reuters reported citing a securities filing that the company's ...
Tags: Processed Foods, BRF
Brazilian food company BRF, a producer of frozen foods under Sadia brand in the Middle East, has opened new $160m production plant in Kizad, Abu Dhabi. The plant will be capable of producing around 70 thousand tonnes of food products ...
Tags: frozen foods, Agriculture
Brazilian food company Brasil Foods (BRF) is set to establish a new AED533m ($145m) food processing facility at Khalifa Industrial Zone Abu Dhabi (Kizad). The agreement for a land plot of 174,300ft2 in the free zone area's food ...
Tags: Food Processing Facility, Foods
US-based meat processing firm Pilgrim's Pride is set to shut down its cooking and cold storage facilities in Chattanooga, Tennessee within the next two weeks, eliminating 200 jobs at the facilities. The planned closure is a part of the ...
Tags: meat processing, Pilgrim's Pride
Brazilian meat producer JBS has agreed to acquire Unidade Industrial Ana Rech hog processing facility, 491,000 hogs and poultry farm assets from BRF Brasil Foods, in a deal worth BRL200m ($100m). Under the terms of the deal, JBS will pay ...
Tags: meat producer, Food
Brazilian food company Vigor, a subsidiary of JBS, has entered into an agreement to acquire 50% stake in dairy cooperative Itambe for BRL410m ($208.3m). Itambe, which is one of the leading dairy cooperatives in Brazil, sources milk from ...
Tags: food company, Vigor, food
Brazilian food company Brasil Foods (BRF) has acquired 33% stake in Avex, Argentina' s leading poultry producer and exporter. Through this deal, the company has also acquired Argentina's Danica group. The transaction is expected to be ...
Tags: Brasil Foods, BRF, Avex, poultry
Brazilian food group Brasil Foods has formed a whey processing joint venture with Irish dairy group Carbery. The joint venture, in which Brasil Foods will invest US$50m, emphasised its objective to increase its leadership in the cheese ...
Tags: Brazilian food, cheese sector, cheese manufacturing facilities
Brazilian food group Brasil Foods has said it will look to increase prices to offset the recent spike in commodity costs. The company yesterday (14 August) reported a slump in half-year profits that was partly thanks to a spike in grain ...
Tags: Brasil Foods, Foods, food group, food prices
Brazilian food company BRF Brasil Foods has reported that its net revenues increased by 14.3% to BRL7.2bn ($3.4bn) for the third quarter of 2012, compared to BRL6.2bn ($2.9bn) for the same period in 2011. The company posted net earnings ...
Tags: net revenues, net earnings, sales volume