UK food producer Cranswick Wednesday said it acquired the whole of the issued share capital of Dunbia Ballymena for cash, to enhance its pig processing capability and establish a significant presence in Northern Ireland.
The acquisition, which is being funded from Cranswick’s existing debt facilities, is expected to be earnings neutral in the current financial year and earnings enhancing in FY18.
Dunbia Ballymena, a Northern Irish pork processing business, currently employs 360 people and processes around 7,800 UK farm assured pigs each week.
Source: RTT News
The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.
US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.
Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.
