Brazilian meatpacker JBS and Mexico's Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter.
Tag Archives food-processing
JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
Packaged food giant Conagra Brands’ quarterly results miss on weak demand
Packaged food giant Conagra reported first-quarter results that missed Wall Street estimates as budget-conscious consumers prioritized spending on lower-priced alternatives over the company's higher-priced pantry staples, sending its shares down about seven per cent.
Food companies launch partnership to cut dairy industry’s CO2 emissions
Food companies Ajinomoto and Danone unveiled on Thursday a partnership to reduce the dairy industry's greenhouse gas emissions using a feed additive called AjiPro®-L, which is purported to reduce nitrous oxide emissions from manure.
Food and beverage sales to fall in 2024; processor margins to improve
Stabilizing or declining input prices working their way through the supply chain, FCC says
Farm Credit Canada is predicting Canadian food and beverage sales will fall slightly this year as consumers manage tight budgets. Gross margins, however, should increase as the effects of falling commodity prices work their way through the supply chain, the farm lender said in an April 9 news release.
Feds fund agriculture and food processing robotics projects
The federal government pledged up to $5 million in funding for agriculture and food-processing robotics on Friday in hopes of addressing ongoing workforce challenges.
Agriculture workers not mentioned in TFW rule changes
Food processing sees foreign worker limit reduced by ten per cent; construction, healthcare exempted
The federal government announced Thursday that, effective May 1, some sectors would be allowed no more than 20 per cent of their workforces to be made up of temporary foreign workers (TWFs) brought in via the low wage stream—down from 30 per cent since 2022.
Protein sector faces labour crunch: report
Nearly two thirds of agri-food companies can't hire all the workers they need
Government, industry and educational institutes must act now to address the labour challenges confronting the emerging plant-based protein industry in Saskatchewan and Manitoba, according to a new report.
Feds plan to invest in processing projects
The money comes from a fund earmarked to help supply managed sectors hurt by trade deal
The federal government will invest $89 million in 49 processing projects in the supply managed sector. Agriculture minister Lawrence MacAulay was in Ingleside, Ont., at the Lactalis Canada cheese plant to make the Feb. 5 announcement. The projects are through the six-year, $397.5-million Supply Management Processing Investment Fund, which is part of Ottawa's commitment to help sectors that lost market share due to trade agreements.
Feds earmark $400,000 to tofu production automation
Quebec tofu manufacturers have seen high demand in recent years
A Quebec tofu-maker has received a $400,000 federal loan to help automate its organic tofu production facility.
Italy moves to ban lab-grown food in drive to protect tradition
Ag lobby praises government move; angry reactions from food companies, animal rights groups
Rome | Reuters –– Italy’s government on Tuesday approved a bill banning the use of laboratory-produced food and animal feed as it aims to safeguard the country’s agri-food heritage, its agriculture minister told a news conference after a cabinet meeting. If the proposal is passed by parliament, Italian industry will not be allowed to produce
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