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Healthy snacks drive Kerry Group's volume sales

Ireland-based food giant Kerry Group reported volume growth across the board as demand for healthy snacks, including meat, drove sales at a time when consumer spending is tight.

Polish meat firm eyes takeover of local producer

Polish meat company Gobarto SA has signed a preliminary contract to purchase local meat distributor Jama sp. z o.o.  under a deal with an initial value of PLN 12 million...

Poor results continue as HKScan cuts 160 jobs

Beleaguered meat processor HKScan has endured more decline, and a company-wide restructuring bid to avert further pain will lead to 160 job losses. 

JBS closes takeover of Danish Crown’s US outfit

The American subsidiary of Brazil-based JBS has completed its acquisition of Plumrose USA, buying the formerly Danish Crown-owned business for $230m.

Trump’s biggest tax cut in US history thrills meat sector

The US government plans to cut taxes for big and small businesses in the largest reform since the Reagan era – and the meat industry is pleased that the death...

Rising sales ease pressure on Finnish meat producer

Finland-based meat processor Atria has reported an upturn in first-quarter sales thanks to improved conditions across the food supply chain.

Tyson Foods in sandwich mega deal

US-based Tyson Foods has agreed to acquire sandwich-maker AdvancePierre Foods in a $4.2bn deal that will expand the giant meat processor’s market share in prepared foods.

News in brief

Conagra completes takeover of meat snacks brand

Packaged Foods produced Conagra Brands has completed its acquisition of meat snacks and sunflower seeds maker Thanasi Foods for an undisclosed sum. 

Polish meat business to invest €26m in new factory

Polish meat business Agro-Rydzyna plans to invest PLN 110 million (€26 million) by 2020 to increase production at its Kłoda meat plant and build another processing facility in Poland

Subway to sue Canadian broadcaster for defamation

Fast-food chain Subway has filed a CA$210 million defamation lawsuit against the Canadian Broadcasting Corporation (CBC) after the broadcaster claimed some of its chicken was less than 50% meat.

Ukrainian firm’s global chicken sales continue to fly

Ukrainian agro-industrial company MHP has reported rising exports of chicken to global markets, particularly in Asia and North Africa.

Latvian meat business to invest up to €7m next year

To expand and modernise its facilities, Latvian meat producer Putnu Fabrika Ķekava (PF Ķekava) plans to invest between €6 million and €7m in its next fiscal year, according to senior...

German group buys two meat companies

Private equity group Deutsche Beteiligungs AG (DBAG) has swooped on two family-run meat firms in a bid to create a chilled foods "market leader" in Europe.

US targets Japan's appetite for luxury beef

US suppliers are expanding in Japan’s competitive high-end beef market to build on growing consumer demand for US beef.

Livestock exporter seeks shareholder help after ‘difficult trading’

Financially-troubled livestock exporter Wellard Limited has written to shareholders seeking to raise AU$52m as the embattled Australian company faces “difficult trading conditions”.

News in brief

Thai firm in £60m takeover of UK food business

Thailand-based Charoen Pokphand Foods (CPF) has agreed a deal to acquire UK-based Westbridge Food Group Limited for £60m.

Brazil meat scandal could spark billions in losses

Brazil’s rotten meat scandal may have weathered the worst of the storm, but financial losses from the corruption saga could still reach $4.8 billion (bn), Fitch Ratings has claimed.

Australian volumes help drive Hilton Food profit

An increase in production capacity in Australia and favourable currency conditions have helped Hilton Food Group to revenue and profit growth in 2016.

Sealed Air to sell key divisions to equity firm

Packaging and hygiene solutions provider Sealed Air has entered into a definitive agreement to sell its Diversey Care food hygiene and cleaning businesses from its food care division to private...

Polish meat processor posts record sales

Polish meat processor ZM Henryk Kania has reported record sales of PLN1.29 billion (€303 million) for 2016, up 25.3% on last year.

New Zealand’s ‘big win’ for exporters with chilled China meat deal

New Zealand has struck a six-month agreement with China to supply top restaurants and retailers with chilled meat, in a deal potentially worth millions of dollars to the economy.

News in brief

German firms hikes plastic prices

A German business making sealants for the food and drink industry said it plans to increase prices by 15% in April. 

Canada Budget 2017: meat industry welcomes food cash injection

Canada’s Finance Minister Bill Morneau has earmarked funds for innovation and food safety investment in his federal Budget, launched on Wednesday 22 March – a move welcomed by the meat sector.

Romanian company to expand cattle farms

Romanian cattle breeder Karpaten Meat Trading will expand its three beef farms in Sibiu to a total of 6,500 head thanks to rising demand for Angus beef.

New jobs at French packaging plant

Packaging firm Linpac will create jobs and training opportunities after pumping over €7 million into a new production line at its Pontivy factory in France.