JBS USA, a subsidiary of Brazil’s JBS S/A, has bought Plumrose USA, the U.S.-based bacon and deli-meats business of Denmark’s Danish Crown A/S, for $230 million, JBS USA said late Monday.
The deal is expected to close in the second half of the year, subject to regulatory review and approvals, the company said.
The acquisition includes five prepared-foods facilities and two distribution centers in the U.S. Plumrose’s net revenue is around $500 million, JBS USA said. Danish Crown is one of Europe’s largest pork processors and exporters as well as among the largest meat processing companies in that continent.
By Claudia Assis
Source: MarketWatch
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
