People & Industry News

RSS

Tyson Foods Inc. has announced it has reached a definitive agreement to buy the Keystone Foods business from Marfrig Global Foods for $2.16 billion in cash. The acquisition of Keystone, a major supplier to the growing global foodservice industry, is Tyson Foods’ latest investment in furtherance of its growth strategy and expansion of its value-added protein capabilities.

The Ninth Circuit Court of Appeals has ruled that a contract between Exportadora de Sal, S.A. de C.V. (ESSA), and Packsys, S.A. de C.V. (Packsys) is not binding because it was not agreed to by ESSA's board of directors.

Haskell, a global architectural, engineering, construction and consulting firm, has appointed James O’Leary to the position of chief executive officer, giving him full executive leadership responsibilities for the $1 billion firm.

After 12 years as chief executive officer (CEO) of PepsiCo Inc., Purchase, N.Y., Indra Nooyi announced that she will step down Oct. 3. Nooyi has been with the company for 24 years. She will remain chairman until early 2019.

Südzucker, Europe's leading sugar company, has partnered with DouxMatok to reduce sugar content in food products without affecting taste.

Land O’Lakes has selected Beth Ford as president and CEO of one of America’s largest food and agricultural cooperatives. Ford will officially take over on August 1, to replace the retiring Chris Policinski.

Former Food Engineering editor Charles Morris Jr. passed away July 12 at the age of 84.

Albertsons Companies Inc. has announced that it has received a claim that its acquisition of Safeway violated terms governing Safeway notes.