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Brazilian meat giant JBS has agreed to pay $25m in compensation to commercial beef buyers after being accused of conspiring.
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Nestlé invests in Purina pet-food production in Thailand
4+ day, 8+ hour ago (409+ words) The investment will expand the company’s manufacturing site in Rayong, which produces pet food and treats. Nestlé is spending more than SFr157m ($194.1m) on “strengthening” Purina pet-food production in Thailand.The Swiss giant said the investment is in response to rising pet-food…...
Danone “very bullish” on fresh dairy amid US questions
4+ day, 10+ hour ago (50+ words) just-food.com Investors have queried the recent performance of Danone’s fresh-dairy business in the US but management is positive about the company’s prospects there – and more broadly. With a free Just Food profile, you can: Food Industry News, Insights & Analysis…...
Nestlé goes for growth in convenient baking with China, Brazil launches
5+ day, 8+ hour ago (426+ words) The three-step desserts are a new “key growth platform” for Nestlé. Nestlé is introducing a baking range targeted at convenience, kicking off with Brazil and China. The world’s largest food company said the desserts form part of its “modern cooking…...
Agrofert to plough capex into German baker Lieken
1+ week, 3+ day ago (281+ words) In a statement to Just Food, the baker said the spending would amount to a “triple-digit million-euro” investment. Agrofert is investing millions to “modernise” its German bakery business, Lieken, under a long-term corporate strategy through to 2030. Of that total, about…...
Deoleo shareholders reviewing interest in olive-oil business
3+ week, 3+ day ago (440+ words) Funds run by Alchemy Partners and CVC Capital Partners are “analysing potential strategic alternatives”, Deoleo says. Deoleo has said its two-biggest investors are reviewing their shareholdings in the world’s largest olive-oil producer. In a stock-exchange filing from Deoleo’s CEO Cristóbal Valdés…...