Brazil meatpacker JBS SA said on Monday that it had signed a memorandum of understanding with Hong Kong’s WH Group to supply up to 3 billion reais ($717.26 million) of fresh beef, poultry and pork per year to the Chinese market.
The first shipments under the agreement are expected to take place in the first quarter of 2020, JBS said in a securities filing. ($1 = 4.1826 reais)
By Jake Spring
Global flavor and seasoning player McCormick & Company has acquired a 100 percent share of FONA International, an independent manufacturer of flavors, focusing on nutritional and natural products for the food, beverage and nutritional markets.
Enrico-Glasbest will acquire Bertolli’s European pasta sauces, pesto and mayonnaise activities, as well as other trademark rights under the Bertolli licence.
The company says its new designs will aid people with limited dexterity, particularly those having just received a diagnosis of life-changing spinal injuries.