Highlights

Mergers & Acquisitions

McCain Foods Increases Investment Stake in Ireland Frozen Veggie Company Strong Roots

April 16, 2024
Strong Roots and McCain first entered into a partnership in 2021, and McCain plans to expand the vegetable-forward frozen products into additional global markets.
Animal Proteins

Snakes on a Plate? Study Shows Python Meat a Low-Effort, Sustainable Protein Source

March 15, 2024
Pythons raised as livestock in Asian farming operations were found to be low-effort producers of a significant amount of meat per animal, according to research.
International

JBS SA Delays New York Stock Exchange Listing to Second Half of 2024

Feb. 23, 2024
Brazilian processor remains confident proposal will be approved but wants to give investors more time to vote on it.
Legal Issues

FDA, Ecuadorian Officials Pinpoint Likely Source of Lead Contaminated Cinnamon

Feb. 8, 2024
Carlos Aguilera of Ecuador processed ground cinnamon for Negasmart, which was supplied to Austrofoods and then used as an ingredient in recalled applesauce pouches in the U.S....
Courtesy of Celsius Holdings Inc.
International

Energy Drink Brand Celsius Expands Sales and Distribution in Canada, UK and Ireland

Jan. 23, 2024
New footprint expands upon previous agreements in Canada and adds the UK and Ireland to the beverage’s distribution network.
People on the Move

President & CEO of Canadian Pork Processor HyLife Announces Retirement

Jan. 12, 2024
Current chief strategic officer Karan Sangfai will take the reins of the company from Grant Lazaruk, who led the company for more than a decade.
from FDA press release 12/18/23
Food Safety

Cinnamon-Applesauce Pouches Appear Intentionally Adulterated

Dec. 18, 2023
FDA says an Ecuadorian ingredient supplier may have added lead to cinnamon for economic reasons.
Courtesy of Silver Fern Farms
in_situ_ground_beef_20201207_sff_528_rt
International

New Zealand Meat Producer/Exporter Names New Chief Executive

Dec. 15, 2023
Dan Boulton takes the reins of Silver Fern Farms, which has exported meat into the U.S. for 40 years.
plant based vegan burger
Mergers & Acquisitions

European Plant-Based Processor Cultured Foods Acquired by U.S. Wellness Company

Dec. 12, 2023
CV Sciences Inc. plans to bring Cultured Foods products, which sell in 15 European countries, to the U.S. and grow its own distribution throughout Europe.
Shutterstock 2035891061
Business Strategies

GAO: USDA's Sugar Program Costs Consumers $2.5-3.5 Billion a Year

Nov. 1, 2023
U.S. Government Accountability Office (GAO) review finds consumers and food manufacturers in 2022 paid twice the world price for sugar.
Shutterstock 2284955395
International

Smithfield’s European Division Acquires Majority Stake in Spain’s Argal Alimentation

Oct. 31, 2023
Charcuterie and packaged meats processor gives Smithfield Foods a growth platform in Spain and wider packaged meats portfolio.
Shutterstock 1884610930
Mergers & Acquisitions

TreeHouse Foods to Purchase Pickled Condiment Brands from The J.M. Smucker Co.

Oct. 18, 2023
TreeHouse acquiring Canadian brands Bick’s, Habitant, Woodman’s and McLarens for $20 million.
Shutterstock 2133538875
Alternative Protein

Tyson Foods Makes Significant Investment in Insect Ingredients Company Protix

Oct. 18, 2023
Tyson acquired a minority stake in the Netherlands-based company, and the two will enter into a joint venture to construct a facility in the U.S. for pet, livestock and aquaculture...