Financial

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.

The acquisition is set to be finalised in the second quarter of 2019

De Heus acquires D-Mix to form Koudijs Ukraine

By Ashley Williams

Animal feed organisation Royal De Heus has acquired a majority stake in poultry and pig feed business D-Mix and will carry on the business under the name Koudijs Ukraine.

The deal will be finalised at a meeting of Perutnina Ptuj shareholders in the next few days

MHP Perutnina Ptuj deal cleared

By Aidan Fortune

European poultry processor MHP has announced that the Slovenian Competition Protection Agency has cleared its acquisition of Perutnina Ptuj.

ZM Henryk Kania eyes investors

Polish meat processor eyes industry, private equity investor

By Jaroslaw Adamowski

Polish meat processor ZM Henryk Kania has announced it is launching the procedure to select an advisor that will support the company in its negotiations with a potential “industry or private equity” investor.

BRF has concluded the sale of its Varzea Grande estate to Marfrig Global Foods

news in brief

BRF completes Várzea Grande deal

By Aidan Fortune

South American producer BRF has announced that its deal to sell its Várzea Grande estate to Marfrig Global Foods has completed.

Cargill's results declined due to changing market conditions

Changing market conditions affect Cargill results

By Ashley Williams

US processor Cargill has blamed the “uncertain environment” surrounding the industry as second-quarter revenues decreased by 4% and first-half earnings fell by 5% ended 30 November 2018.