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
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.
