Focus:
San Miguel Corporation (SMC), a Philippines-based food and beverage company, has entered an agreement with Philippine Long Distance Telephone Company (PLDT) and Globe Telecom, Inc. to sell its telecommunication business,...
French food delivery service Nestor has raised €0.9m ($1m) in seed funding in order to grow its business in Paris.
Cargill has signed an agreement to purchase Texas-based Five Star Custom Foods, a firm that specialises in cooked protein products and custom prepared soups and sauces for the foodservice and...
Private equity firm Bridgepoint has acquired Peyman, a Turkish packaged dried fruit, nuts and seeds producer, from its founders and Esas Holding. Terms of the deal have not been disclosed.
Australia-based Patties Foods has agreed to an acquisition bid of approximately $232m from Pacific Equity Partners (PEP).
Hormel Foods Corporation has closed the acquisition of Justin's, a manufacturer of nut-butter based snacks.
General Mills has voluntarily recalled ten million pounds of flour in the US and is collaborating with health officials to probe into a multi-state outbreak of E.coli O121.
US-based fast food chain Pizza Hut has announced that it will eliminate artificial preservatives and use antibiotics-free chicken in its recipes from 2017.
Acid whey, a by-product of dairy products, can be used in the creation of nutritious foods, but several companies are yet to realise its potential, according to Arla Food Ingredients.
The German Government intends to offer €100m in aid to help dairy farmers cope with falling milk prices.
