Saputo Inc. announces today that it has entered into an agreement to acquire the extended shelf-life (“ESL”) dairy product activities of Southeast Milk, Inc.
The ESL processing activities are conducted at one manufacturing facility located in Plant City, Florida (USA). The business employs approximately 66 people.
For the twelve-month period that ended on June 30, 2017, the ESL activities of SMI generated annual revenues of approximately CDN$59 million (US$47 million).
The acquisition of SMI’s ESL activities will add to and complement the activities of Saputo’s Dairy Foods Division (USA).
The transaction is subject to customary conditions and is expected to close on or around September 29, 2017.
Source: Saputo
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.