American food processing company Lamb Weston has completed the previously announced acquisition of the remaining equity interest in Lamb-Weston/Meijer, its European joint venture with Meijer Frozen Foods. The €700 million worth cash and stock deal was announced in October 2022. Under the agreement, Meijer Frozen Foods will receive €525 million in cash, subject to certain […]
Campbell Soup is planning to invest around $50 million over the next three years, to consolidate its snacks offices in Charlotte, North Carolina, and Norwalk, Connecticut, into its headquarters in Camden, New Jersey. The proposed consolidation is expected to help the US food processing company realize cost savings starting in the financial year 2024 and […]
American potato processing company Lamb Weston has agreed to take full ownership of Lamb-Weston/Meijer, by buying out the remaining 50% stake in the European joint venture (JV) from Meijer Frozen Foods in a cash and stock deal worth €700 million. Lamb-Weston/Meijer is a supplier of frozen potato products in Europe, the Middle East, and Africa. […]
The Kraft Heinz Company has agreed to acquire Brazilian condiments and sauces producer Companhia Hemmer Indústria e Comércio (Hemmer) for an undisclosed price. Hemmer is a 106-year-old company, based in Blumenau, Santa Catarina. Its acquisition will help Kraft Heinz to expand the taste options of its consumers in Brazil. Furthermore, Hemmer will also support the […]
Tyson Foods has announced a $300 million investment in Virginia for constructing a new, fully-cooked plant in Danville that will primarily produce the Tyson branded chicken products. According to the US meat processing giant, the project is part of its efforts to cope up with rising demand and deliver on its strategy of expediting long-term […]
Indore-based Prataap Snacks Limited, which owns the Yellow Diamond brand, has started commercial production at its newly established food processing plant in Dornjur, Howrah district in West Bengal. The Indian snack foods company said that the new food processing plant will produce extruded snacks, pellets, and other snacks. The Prataap Snacks factory has a capacity […]
BRF is set to invest about $120 million in a new chicken processing plant in Saudi Arabia in a move to expand and strengthen its footprint in the Saudi market, as per the latest meat processing news. In this connection, the Brazilian food processing company has signed a non-binding memorandum of understanding (MOU) with the […]
Food processing news : Lamb Weston has completed a previously announced $250 million expansion of its french fry processing plant in Hermiston, Oregon. The expansion of the potato processing plant, which was announced in 2017, involved the addition of a new processing line with a capacity of processing 300 million pounds of potatoes annually. Lamb […]
Food processing news : Italian food company Barilla has inaugurated its $65 million expanded pasta manufacturing plant in Ames in the US state of Iowa. With this expansion of the pasta manufacturing plant, the site’s production capacity will increase to 200,000 metric tons of dry pasta per year. The pasta plant also has an integrated […]
Food processing news : Campbell Soup Company has agreed to sell its refrigerated soup plant in Everett, Washington to an affiliate of Seattle-based private investment company Joshua Green Corporation (JGC) for an undisclosed price. The refrigerated soup plant, which spans 225,000sft is used by the Campbell Fresh division. It manufactures Bolthouse Farms’ portfolio of fresh […]