Atria is entering the poultry business in Sweden and purchases the entire share capital of Lagerberg i Norjeby AB (Lagerbergs).
The company has a production plant and its own chicken-rearing facility in Blekinge, Sweden. Lagerbergs is the third largest supplier on the Swedish chicken market. In addition to its own chicken-rearing Lagerbergs is purchasing chickens from local producers.
The transaction will expand Atria’s business in Sweden into white meat processing. In Sweden, demand for Swedish-produced chicken has increased steadily in recent years. In 2015, retail sales of poultry meat increased by seven per cent.
The acquisition will increase Atria’s annual net sales by approximately EUR 30 million.The closing of the deal is subject to the approval of the Swedish Competition Authority. The parties will strive to conclude the transaction during the second quarter of this year.
Source: Atria
Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.
US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.
Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.
