Brazil’s JBS SA has agreed to sell its feed lots in Canada and an adjoining farm to MCF Holdings Ltd for $40 million, the company said in a securities filing on Friday.
According to the terms of the agreement JBS’ subsidiary Food Canada Inc. signed, MCF will continue to supply cattle to JBS Canada’s unit in Brooks, the filing said. On June 20, after its controlling shareholder paid a record fine for involvement in corruption, JBS announced the intention to sell $1.8 billion in assets, including its U.S. cattle feeding operation.
By Tatiana Bautzer
Source: Reuters
Ferrero North America has opened its new Kinder Bueno production facility in Bloomington, Illinois, US. The expansion, which is the result of a $214 million investment, was first announced in November 2022 and has created around 200 new jobs and is set to drive Ferrero’s market expansion.
Chiquita Brands – in collaboration with KeyGene, MusaRadix and Wageningen University and Research – has unveiled a new banana hybrid named ‘Yelloway One’. This variety is engineered to resist Tropical Race 4 (TR4) and show partial resistance to Black Sigatoka, two fungal diseases that pose severe threats to global banana production.
PepsiCo is planning to acquire packaged food business Siete Foods in a US$1.2 billion deal to “bring a rich, new aspect” to its portfolio. The move will add Mexican-American foods like tortillas, salsas, seasonings, sauces, cookies and snacks to PepsiCo’s range of products.
