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. […]
Category: Suppliers
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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 […]
Posted in, Southwest, Suppliers
Hormel Foods Donates Product For Tornado Relief Efforts In Little Rock
Hormel Foods Corp. has donated a semi-trailer load of product to assist with tornado relief efforts in Little Rock, Ark. The donation of Hormel Compleats microwave meals, Skippy Natural dark chocolate peanut butter spread and Hormel 2Good smoothies will go to the Arkansas Rice Depot in Little Rock. “Our thoughts and prayers are with all […]
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Mars Buying Chunk Of P&G’s Pet Food Business For $2.9B
Mars Inc. plans to buy the Iams, Eukanuba and Natura brands in major markets from The Procter & Gamble Co. (P&G) for $2.9 billion in cash. This, Mars says, is a significant strategic move for Mars Petcare to complement its large and growing global Petcare business. The companies expect to complete the transaction in the […]
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Traditional Baking Promotes Tuthill To Assistant GM
Traditional Baking Inc. has appointed David Tuthill to assistant GM. Traditional Baking is a contract bakery producing two million cookies daily at its 60,000-s.f. SQF-certified facility in Bloomington, Calif. It also operates a 100,000-s.f. facility of warehousing and distribution space in Redlands, Calif. Tuthill has worked for Traditional Baking for the past three years as […]