The company will invest the funds primarily across its North American business, optimizing efforts in marketing, sales and R&D, and focusing on product superiority and pricing. Half of the investment will go toward price, product and packaging.
Saputo has agreed to sell an 80% stake in its Argentina dairy business to Peru’s Gloria Foods in a deal valuing the unit at about $855 million, as the Canadian processor trims its exposure to volatile markets and boosts capital flexibility.
Barry Callebaut invests €250 million (US$297 million) in a multi-year upgrade plan for its Wieze factory in Belgium, the largest chocolate production facility in the world. A separate €125 million (US$149 million) investment is earmarked for the company’s factory in Halle, Belgium. The Wieze upgrades cover infrastructure modernization, food safety enhancements, and the construction of a ring road to improve site safety.
