Exceldor has announced that it has invested $35 million to build a new poultry distribution centre in Beloeil, Canada, in order to meet growing demand. Construction of the new facility will begin in spring 2018.
The company stated that the 135,000 sq. ft. site was necessary as its current facilities are currently working “at full capacity”.
“The distribution centre’s design will greatly increase effectiveness and optimise our processes. It will link our many production sites to the ultimate delivery to our customers,” said Exceldor’s president and chief executive officer, René Proulx.
“The vitality of the poultry market, combined with the quality and freshness of our products, makes for highly interesting business prospects.
“We are excited to launch this new chapter of growth with the commitment of our members and the dedication of our employees, with whom we have proudly collaborated in growing our organisation.”
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.