Brazilian food processor BRF SA has concluded the sale of its last plant in Argentina for $35.5 million, the company said in a securities filing on Thursday.
Campo Austral SA, which operates three plants in Argentina, was sold to local rivals Bogs and La Piamontesa de Averaldo Giacosa y Compañia SA for $35.5 million, the company said. BRF has concluded the sale of its three companies in Argentina, including Avex and Quickfood, and said the total amount raised was $145.5 million.
By Tatiana Bautzer
Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.
Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.
Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.