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Financial

Money makes the world go round and the meat industry is no different. Deals are always being brokered and currency fluctuations are a key issue for any global meat trader.

BHSL wastes no time with Hydro acquisition

Irish agri-tech business BHSL has acquired Hydro International for an undisclosed sum, wasting no time in implementing a strategy to strengthen its ability to generate energy from poultry manure.

Hungarian meat firm to invest in packaging, processing

Hungarian poultry processor Sága Foods Zrt to spend about HUF 600 million (€2 million) this year to expand and modernise the meat processing and packaging capacities of its facilities, according...

News in brief

Senior appointment at Tyson Foods

Tyson Foods has appointed George Chappelle as chief integration officer to help support acquisitions. 

Russian bank eyes takeover of turkey producer Eurodon

Vnesheconombank (VEB), one of Russia’s largest state-owned banks, may gain control over much of Eurodon Group, the major Russia-based turkey producer. 

Chinese investors to pump $1bn into Belarus meat plants

China-based Xinrongji Holding Group and DRex Food Group will set up several projects in the Belarus’ poultry and livestock industry worth a total of $1bn. 

Amazon's Whole Foods deal highlights appeal of physical stores

Amazon's move to buy Whole Foods Market for $13.7bn represents a 'tacit admission' that online-only food retailing is still difficult, according to a UK-based analyst.

Dow-DuPont merger wins US antitrust approval

Dow and DuPont have won approval from the competition authority in the US to complete a $130bn merger upon condition that they divest a string of assets, including chemical products...

Meatpacker Minerva seeking $350m to pay debts or takeovers

Multi-species Brazilian meat processor Minerva SA is looking to raise $350m in capital a week after beleaguered giant JBS sold the firm many of its South American beef assets.

Pork firm eyes new factory after spending millions in 2016

JBB will investment in a new meat curing facility after the Polish meat processor completed a number of investments last year, including the construction of a meat cutting factory. ...

Precision Incorporated acquires equipment firm Meyer Industries

US-based food-processing equipment supplier Precision Incorporated has acquired Texan firm Meyer Industries for an undisclosed sum as it targets growth in the food industry.

Danish Crown subsidiary swoops on pâté producer

Denmark-based Tulip Food Company has acquired pâté maker Tjæreborg Leverpostej for an undisclosed sum.

EU meat companies plan major Russian investment

Global meat players including Germany’s Tönnies and Denmark’s Idavang are planning to invest heavily in major Russian projects. 

Cargill in Colombia with Pollos El Bucanero takeover

International agri-food giant Cargill has entered the Colombian market through the acquisition of poultry firm Pollos El Bucanero SA, for an undisclosed sum.

Smithfield acquires three Polish meat companies

US pork giant Smithfield Foods has acquired Pini Polska, Hamburger Pini and Royal Chicken from Poland-based Pini Group for an undisclosed sum.

JBS shareholder to pay huge $3bn corruption fine

J&F Investimentos, the holding company of the world’s largest meatpacker JBS, at the heart of a huge corruption scandal, has been fined billions of dollars by Brazilian prosecutors....

‘High-tech’ Indian slaughterhouse officially opened

Kerala-based protein packer Meats Products of India has opened a “high-tech” slaughterhouse in a remote part of the country.

Hormel Foods hit by turkey profit drop

Oversupply in the turkey market has led to US producer Hormel Foods reporting a 2% drop in earnings and a 5% drop in profit for the second quarter of the year. 

Tillamook Country Smoker bought by investment firm

Private equity firm Insignia Capital Group has acquired Oregon-based meat snacks company Tillamook Country Smoker for an undisclosed sum.

New Zealand Budget 2017: more cash for biosecurity

The New Zealand Budget 2017 will provide millions of extra dollars for biosecurity investment, a move welcomed by the meat industry.

Australian growth drives positive Hilton trading

International meat packing business Hilton Food Group has reported a solid trading update, driven by strong growth in Australia.

Greencore grows revenue during 'transformational period'

Food group Greencore reported a 46% rise in group revenue for the first half of the year despite massive changes to its global business, including significant investment.

Coexca to create 350 jobs after Danish investment

A multi-million dollar investment in Chilean pork producer Coexca SA will create 350 jobs as the farmer-owned cooperative aims to double production amid booming Chinese import demand.

Japan's supermarkets targeted in US marketing push

The US Meat Export Federation (USMEF) is partnering with supermarket chains and event organisers in Japan’s regions to strengthen already high US red meat sales by localising marketing, public relations...

Poland's QFG begins work on €40m slaughterhouse

Polish meat company QFG has begun construction work on a new poultry slaughterhouse due to be opened in the first half of 2018 in Radom, central Poland.

JBS posts poor income amid bribery investigation

Brazil-based JBS, one of the world’s largest meatpackers, has reported poor results for the first quarter of 2017.