Financial

Russian Government allocates billions to support meat exporters

Russian Government allocates billions to support meat exporters

By Aidan Fortune

Russia is ready to allocate RUB406 billion (US$6.5bn) to agriculture producers in the form of soft loans in the next five years to support meat exports, Russian deputy agriculture minister Sergey Levin has said. Speaking during a press conference in Moscow,...

Polish meat business expands sales amid higher exports

Gobarto expands sales amid higher exports

By Jaroslaw Adamowski

Polish meat company Gobarto SA has released its improved sales figures for 2018, and has revealed plans to carry out a number of investments to increase its capacity by 2024.

Beyond Meat launches IPO

Beyond Meat launches IPO

By Aidan Fortune

Plant-based meat provider Beyond Meat has announced the launch of its initial public offering (IPO).

Central Valley Meat acquires Harris Ranch Beef

Central Valley Meat acquires Harris Ranch Beef

By Aidan Fortune

California beef processor Central Valley Meat Holding Company is to acquire integrated beef business Harris Ranch Beef Holding Company, including its wholly owned subsidiaries, Harris Feeding Company and Harris Ranch Beef Company for an undisclosed sum....

MHP discloses new plans on international expansion

MHP discloses new plans on international expansion

By Vladislav Vorotnikov

Ukraine poultry giant MHP intends to continue acquiring foreign poultry producers and processors, not only in the European Union (EU), but also in the Middle East and Africa, the company has said in a statement posted on the Warsaw Stock Exchange website....

Finnish processor cuts staff

HKScan restructures management team

By Aidan Fortune

Finnish processor HKScan has cut staff and restructured its management team as part of its strategy to boost efficiencies following a period of disappointing results.

Hilton fights off Brexit uncertainty

Hilton Food Group reports growth despite Brexit concerns

By Michelle Perrett

International meat processing business Hilton Food Group has revealed it has taken “mitigating action” and believes it is “sufficiently resilient” to withstand Brexit uncertainties, as it unveiled an increase in turnover and profits for the 52 weeks ended...

Russian meat giant tipped to continue acquisitions

Cherkizovo reportedly eyeing up Eurodon

By Vladislav Vorotnikov

Russia’s biggest meat producer Cherkizovo is reportedly eyeing a takeover of another poultry business – agricultural holding Eurodon, following the acquisitions of the broiler holding Belaya Ptitsa and the meat processor Samson in December 2018.

Polish meat business expansion

Polish retailer invests in meat business

By Jaroslaw Adamowski

Polish retail chain Grupa Dino Polska plans to invest further in increasing its production capacity, and launch a second facility in Poland, according to the company’s financial report for 2018.

MHP revenues rise in 2018

International growth boosts MHP revenue

By Aidan Fortune

Ukrainian poultry processor MHP posted a growth in revenue and production for last year, driven by increased capacity and international expansion.

The deal was formed to expand its operations in the United States

Marfrig-National Beef jointly acquire Iowa Premium

By Ashley Williams

Brazilian meat firm Marfrig Global Foods has acquired a majority stake in US beef processor Iowa Premium for $150m, which will be incorporated into its other US-owned business National Beef.