Tyson Foods Inc. has completed its merger with The Hillshire Brands Co. Shares of Hillshire Brands common stock have been delisted and are no longer traded on the New York Stock Exchange and Chicago Stock Exchange. The combination of Tyson Foods and Hillshire Brands creates a single company with more than $40 billion in annual sales […]
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Report: CPG Companies Must Plan For A Digital Future
Consumer packaged goods (CPG) companies need to plan for a “1-5-10” market in the U.S. during the next five years, in which digital’s current 1 percent penetration will likely expand to 5 percent and could accelerate to as much as 10 percent in short order, according to a new report, “The Digital Future: A Game […]
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Coca-Cola, Monster ‘Swapping’ Some Brands
The Coca-Cola Co. and Monster Beverage Corp. have entered into definitive agreements for a long-term strategic partnership that is expected to accelerate growth for both companies in the fast-growing, global energy drink category. The deal involves the companies “swapping,” or transferring, some brands. The companies say the new, innovative partnership leverages the respective strengths of […]
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Cutrale, Safra Groups Propose To Acquire Chiquita For $625M In Cash
The Cutrale Group, an agribusiness and juice company, and investment firm Safra Group have proposed to acquire 100 percent of the outstanding stock of Chiquita Brands Inc. for $13 per share, or approximately $625 million, in cash. This proposal represents a premium of 29 percent to Chiquita’s closing share price of $10.06 as of Aug. […]
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‘Gluten-Free’ Labeling Rule Now In Effect
In August 2013, the Food and Drug Administration issued a final rule that defined what characteristics a food has to have to bear a label that proclaims it “gluten free.” The rule also holds foods labeled “without gluten,” “free of gluten” and “no gluten” to the same standard. Manufacturers had one year to bring their […]
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Pilgrim’s Pride To Acquire Tyson’s Mexican Poultry Biz For $400M
Pilgrim’s Pride Corp. has entered into a definitive agreement to purchase the totality of the poultry businesses of Tyson Foods Inc. in Mexico for $400 million. Pilgrim’s Pride is majority owned by JBS USA Holdings Inc., a wholly owned subsidiary of JBS S.A. The transaction will be paid for in cash, pending regulatory approvals. Pilgrim’s […]
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Hormel Foods Buying Maker Of Muscle Milk
Hormel Foods Corp. plans to acquire CytoSport, one of the largest sports nutrition companies in the U.S. and the maker of Muscle Milk. As a leading provider of premium protein products in the sports nutrition category, CytoSport says its brands align with Hormel Foods’ focus on protein while further diversifying Hormel’s portfolio and broadening the […]
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Jolly Time Pop Corn Celebrating 100th Birthday In October
Jolly Time Pop Corn turns 100 years old this October and is celebrating its birthday with fun initiatives, including a grassroots community awards program called Kernels of Kindness and a consumer giveaway of Jolly Time Pop Corn birthday bowls. Jolly Time was founded by Cloid Smith in Sioux City, Iowa, in 1914. Smith and his […]