Brazilian-owned US poultry giant Pilgrim’s Pride has entered into a definitive agreement to take over branded chicken producer GNP Company (GNP) in an all-cash $350m deal.
M&M’s maker Mars has announced it will combine its chocolate and Wrigley segments to create a new division based in Chicago, called “Mars Wrigley Confectionery”.
Thailand’s seafood producer Thai Union has bought out the remaining 18% stake in its US subsidiary Tri-Union Frozen Products (TUFP) for a fee of over $46m.
Natural Soda has said it will incrementally increase production of sodium bicarbonate from 125,000 to 250,000 tons a year after the Bureau of Land Management approved its mining plan in Rifle, Colorado.
Corn Products International has completed its acquisition of National Starch, the specialty starches business of AkzoNobel, the company said on Friday.
Corn Products International has said the Federal Trade Commission (FTC) has given initial approval of its $1.3bn acquisition of National Starch, with the deal expected to be finalized by early October.
Iowa-based World Food Processing has purchased a stake in soy powder specialist, SoyLink Assets, for an undisclosed sum as the soy and pea player consolidates its soy operations.
This week's roundup covers ingredients companies relocating and
expanding, firms in the courtroom and corporations finalizing new
mergers and acquisitions.
