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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.

Brazil's JBS moves on Danish Crown US outfit

Brazil’s JBS has agreed to buy US-based Plumrose USA from Danish Crown in a definitive share purchase agreement, valued at $230m.

Irish government and Bord Bía in €3.75m pact to unlock Asia

Ireland’s Department of Agriculture, Food and the Marine, alongside food board Bord Bía, will spend €3.75m over three years to promote red meat sales in China, Japan and Hong Kong....

China's poultry, pig businesses grow sales

China’s ban on breeding birds from France and the US is boosting revenue and profitability at domestic poultry firms.

Multi-million pound investment in French factory

UK-based food packaging manufacturer Linpac is to invest in what it called "cutting-edge technology" at its factory in Pontivy, France.

Danish Crown buys UK foodservice business

Danish Crown has swooped on long-standing UK foodservice business Leivers Brothers, acquiring the Nottingham-based firm for an undisclosed sum.

Bird flu blamed as chicken company sees sales fall

French chicken producer Duc saw turnover decline last year as the French avian influenza (AI) battle saw the company shut out of key export markets, China and South Africa.

Polish meat business to pump cash into production

Meat processor Indykpol has secured PLN105 million (€24.5m) to expand the processing capacity of its plant in Olsztyn, in Poland’s north-eastern region.

Animal business drives up profit for Thai food firm

Net profits soared by 33% at Charoen Pokphand Foods (CPF) in the past full financial year, powered mainly by recovery in Thailand’s shrimp industry and its Thailand terrestrial animal business...

Irish cooked meat business creates 150 jobs

Dawn Farms’ multi-million euro investment in its Meat Science and Innovation lab in Co Kildare, Ireland, will create 150 new jobs over the next five years, the company has claimed.

Brazilian meat giant ‘dissatisfied’ after loss

Meat processor BRF’s fourth-quarter net income fell by over 130% as a combination of political uncertainty and market challenges pushed results into the red.

Value offering grows Maple Leaf Foods’ pork sales

Maple Leaf Foods’ increased focus on value-added pork products has helped the Canadian processor grow sales in 2016.

Thai takeover of top Russian meat plant nearly done

Talks to acquire a top Russian meat factory, the Ostankino Meat Processing Plant (OMPP), could be concluded by Thailand's CP Foods arm Charoen Pokphand Foods (overseas) LLC (CP Foods) next month....

Profit up for South African foodservice corporation

Multinational foodservice giant BidCorp has reported a 20% rise in half-year profit less than a year after its spin-off from Bidfood (formerly Bidvest Foodservice).

Polish meat business lifts sales as cash injection looms

Poland’s meat processor Gzella Poland sp. z o.o. increased its year-on-year sales by 40% in 2016 with the business eyeing expansion as ABP Food mulls investment in the high-flying firm.

News in brief

Italian meat producer makes millions in ham deal

Cured meats producer Gennari Italia has scooped €10 million in a single trade deal through the sale of 100,000 units of Protected Designation of Origin (PDO) Parma ham.