Brazilian food processing company JBS S.A. has made a $5.6 billion bid for Hillshire Brands Co. (HSH), in an attempt to expand its sausage line-up and derail the company’s acquisition of Pinnacle Foods Inc (PF).
French ice-cream giant R&R have bought Peters Ice Cream for an undisclosed amount.
In the bid for Goodman Fielder, Wilmar International and First Pacific have raised their 65 cents per share offer to 70-cents a share, provided major shareholders and the Goodman board pledge their support.
Global food packaging solutions supplier, tna has announced its acquisition of Oregon based food processing equipment supplier, FOODesign.
Amcor has announced it’s entered into an agreement to acquire Bella Prima Packaging, an Indonesian flexible packaging business, for $27 million.
Harvey Beef has been sold to mining billionaire Andrew Forrest in a deal believed to be worth $40m.
Pernod Ricard has bought its first US winery, in a move the company says will boost sales of labels including Australian-made Jacob’s Creek.
Food processing and packaging company, Tetra Pak, has acquired Switzerland-based Miteco, which provides production solutions for soft drinks, fruit juices, liquid foods and carbonated soft drinks.
Australia’s first chocolate manufacturer, Ernest Hillier, has been snapped up by Re:Capital, which plans to take the Hillier’s and Newman’s brands overseas.
125 New Zealand workers could lose their jobs with the closure of Goodman Fielder’s Frankton facility.
Australia’s biggest privately-owned dairy processor, United Dairy Power, has been sold to Hong Kong-based businessman William Hui for approximately $70 million.
Saputo’s stake in Warrnambool Cheese and Butter keeps growing, with the Canadian company’s hold on the brand now sitting at 77 percent.
Goodman Fielder has denied a formal bid has been made for its Hamilton meat business as 125 jobs at the facility remain in jeopardy.
Now with a 52 percent stake in Warrnambool Cheese and Butter, Saputo’s offer for the dairy giant has been extended to 4 February.
Saputo now has a 47.85 percent share in Warrnambool Cheese and Butter, one day before it closes its offer for the dairy giant.
Bega Cheese has decided to sell its 18.8 percent stake in Warrnambool Cheese and Butter to Canadian firm and front-runner in the bidding war, Saputo.
Beam, the manufacturer of Jim Beam and Marker’s Mark, has been acquired by Japan’s Suntory Holdings for US$13.6 billion (A$15bn), with annual spirit sales for the combined company expected to top US$4.3bn.
Canada’s destructive agricultural supply management policies could be its unwitting gift to Australia.
Saputo has extended the deadline on its $9 per share bid for Warrnambool Cheese and Butter.
The latest development in the bidding war for Warrnambool Cheese and Butter has seen the front-runner, Canadian company Saputo, increase its stake in the business.