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.
A consortium featuring four of Australia’s largest cattle families have put forward an AU$386m bid for the Kidman estate.
Finnish meat processor HKScan has warned investors it has lowered its full-year profit forecast after previously expecting an upswing in revenue.
Croatian food conglomerate Žito Group is planning to build three new meat processing facilities and a packaging plant in the north east of the country.
Brazilian meatpacker BRF SA – one of the country’s largest food processors – has agreed to invest $20m in China’s pork company Cofco Meat Holdings and form a strategic partnership.
Milan-based investor M&C has acquired all the shares in the German plastic film manufacturer Treofan Holdings for €45m.
Danish pig breeder Premium Porc will invest €35 million to expand two Romanian pig farms, located in Brăila and Sibiu, and increase slaughter capacity.
US meatpacker Tyson Foods has bought a 5% stake in plant-based meat vendor Beyond Meat, a start-up trying to make lab-grown beef burgers, for an undisclosed sum.
Turkmenistan-based meat processor Taze Ay has been granted a loan of $800,000 to fund the expansion of its sausage production hub in Mary.
Terrena, the parent company of newly-created French poultry processor Galliance, has announced a major €150m three-year investment program to boost chicken exports.
JBT Corporation (JBT) has signed a definitive agreement to take over meat processing and packaging machinery manufacturer Tipper Tie for $160m.
Global agri-food corporation Cargill has reported a formidable 66% rise in net profit for the first quarter of the fiscal year.
Revenue for Australia’s largest cattle exporter Wellard was “significantly impacted” by a difficulty to pass on higher livestock prices to Asian clients.
Thailand’s seafood producer Thai Union has bought out the remaining 18% stake in its US subsidiary Tri-Union Frozen Products (TUFP) for a fee of over $46m.
Africa’s Zambeef expects full-year profits to be “materially higher” than previous estimates after beef, pork, dairy and feed operations enjoyed a spike in volume growth.
Tyson Foods will invest $27m to expand production output at its beef and pork processing plant in Iowa, US, leading to the creation of 350 jobs.
A solid performance in Eastern Europe was not enough to halt a 25.7% drop in pre-tax profits for Ireland’s agri-service group Origin Enterprises.
Beef and pork prices in the US are expected to drop by more than 10% in the next nine years, according to US government meat projections.
Pork processor Olymel will pump millions of dollars into its Quebec factory to improve production and efficiency, leading to the creation of more than 30 jobs.
Polish meat processor PKM Duda plans to take over two local meat players, Bekpol and Meat-Pac, with a view to growing its exports.
The New Zealand government has given the go-ahead for Chinese food operator Shanghai Maling to buy a 50% stake in meat processor Silver Fern Farms for $261 million.
Animal exporter Wellard is set to receive a multi-million-dollar payment from its largest shareholder, WGH Holdings, as part of a refinancing move set to benefit its Chinese backers.
Belgian casing company De Winter Natuurdarmen is to be incorporated into the Dutch Van Hessen Group.
Astral Foods has warned shareholders it expects a dramatic loss in end-of-year earnings as South Africa’s beleaguered poultry sector goes from crunch to crisis.
Meat packer Hilton Foods’ quarter rise in pre-tax profits, posted in its interim trading report for the 28 weeks to 17 July, will underpin further international expansion.
Finland’s meat processor Atria has won approval to acquire a ruling share in beef processor and wholesale firm Kaivon Liha by competition authorities.