Jennie-O Turkey Store has reopened its turkey processing plant in Melrose, Minnesota, following a voluntary suspension of operations because of the COVID-19 outbreak. The company, which is a fully-owned subsidiary of Hormel Foods, restarted phased operations on Friday with a core group of team members. The turkey processing company said that it will look to […]
Upsher-Smith Laboratories has launched three new products – Fluvoxamine Maleate Tablets, Clonidine Hydrochloride Extended-Release Tablets, and Haloperidol Tablets, USP, to expand its generic portfolio. According to the US pharma company, the market for the three generic drugs had combined sales of around $102.5 million in the US for the 12 months ending December 2019, as […]
Wings Financial Credit Union has agreed to acquire Neighborhood National Bank and its six branches located in Minnesota for an undisclosed price. Also based in Minnesota, Wings Financial Credit Union will add the six branches of Neighborhood National Bank located in Mora, North Branch, Brainerd, Aitkin, and Alexandria. Founded in 1963, Neighborhood National Bank has […]
Middleby, a US food-service equipment provider, has acquired RAM Fry Dispensers, a subsidiary of Minnesota-based Automated Equipment for an undisclosed price. RAM Fry Dispensers are a range of automated frozen French fry dispensing equipment. Automated Equipment provides dispensing equipment to food service companies across the world. Tim Fitzgerald – CEO of Middleby said: “The addition […]
Brazilian meat processing giant JBS said that its US subsidiary JBS USA has signed an agreement with J&B Group to lease the latter’s meat processing facility in Pipestone, Minnesota. JBS USA plans to purchase the meat processing facility in Pipestone in the future months for an undisclosed amount. The Pipestone meat processing plant was originally […]
US industrial conglomerate 3M has signed a cash-cum-stock deal worth around $650 million to sell substantially all of its drug delivery business to an affiliate of Altaris Capital Partners for about $650 million, as per the latest pharma acquisition news. As per the terms of the deal, the total consideration includes cash, an interest-bearing security, […]
The Original Cakerie, a division of US-based Dessert Holdings, will expand its London, Ontario plant to meet the increasing demand for its frozen desserts in Canada. The project will increase the capacity of The Original Cakerie for making all of its existing products. Slated to begin construction later this fall, the project will add a […]