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
Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.
PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.
Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.