General Mills said on Tuesday it would record a charge of about $70 million in its current quarter, mainly reflecting severance expenses, as part of the Cheerios cereal maker's restructuring efforts.
Tag Archives food-processing
General Mills restructures as company deals with choppy demand
Buyer steps up for shuttered Winnipeg plant protein processor
Receiver for Merit Functional Foods plant has requested court approval for the sale
The receiver for the Merit Functional Foods plant protein processing site in Winnipeg has applied for court approval to sell to a Manitoba numbered company.
Grain, oilseed millers’ sales, volumes projected to decline in 2025
Ongoing trade tensions, U.S. policy reviews make oilseed demand difficult to gauge says FCC
Grain and oilseed millers are predicted to see sales, volumes and margins decline in 2025 according to Farm Credit Canada's food and beverage report.
Packaged food giant PepsiCo cuts profit forecast as tariffs set to drive up costs
Nestle beats quarterly sales estimates, says indirect tariff impact ‘unclear’
Packaged food giant PepsiCo has cut its annual profit forecast as tariffs are set to drive up production costs and demand remains uncertain. Nestle says it has beaten its first quarter sales growth expectations and tariff effects are unclear.
Strong year predicted for Canadian dairy products, meat processors expect squeeze
It's projected to be a strong year for dairy product makers, while meat product manufacturers' margins may be squeezed as rising prices fail to offset higher input costs, Farm Credit Canada (FCC) said in its new Food and Beverage Report.
Protein Industries Canada to fund scale-up of domestic processing
A new pot of cash will help Canadian food processors reformulate products or create new goods for the domestic market in the face of trade uncertainty, Protein Industries Canada (PIC) announced Thursday.
Burcon announces plant protein facility buy
Burcon NutraScience Corporation, also known for its stake in Merit Functional Foods, has a deal to purchase a North American plant protein facility, location not yet confirmed
Burcon NutraScience Corporation, also known for its stake in Merit Functional Foods, has a deal to purchase a North American plant protein facility, location not yet confirmed
Western Manitoba farm keeps flour milling local
Engrained Flour Co., owned and operated by Chris and Lindsey Raupers, brings farm-to-table flour milling service to Canadian food companies and restaurants
Engrained Flour Co., owned and operated by Chris and Lindsey Raupers, brings farm-to-table flour milling service to Canadian food companies and restaurants
Manitoba entrepreneurs aim to connect consumers and local food at 2025 Manitoba Ag Days
An e-butchery and flour miller were featured on the Produced on the Prairies panel at Manitoba Ag Days on Jan. 22.
A panel of entrepreneurs spoke at Manitoba Ag Days about building businesses in rural Manitoba.
Vanscoy, Sask. plant protein processor closes
Ingredion Inc. has closed its plant protein and flour processing facility at Vanscoy, Sask., effective January 6, according to filings with the U.S. Securities and Exchange Commission.
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