Umios says the acquisition will allow it to build a consumer-driven value cycle in North America, connecting its marine resources with High Liner Foods' processing, brands and distribution network.
This funding will enable the CFIN to expand its services, helping more food and beverage processors adopt and implement automation, artificial intelligence, digital manufacturing and other advanced technologies.
The company says its new name underscores its strategic focus on the condiments category, led by Duke’s Mayonnaise, and the accelerating growth of its portfolio.
The additional capacity is incremental to Leprino Nutrition’s sweet whey operation and will focus on the consolidation of externally sourced whey solids.
The proposed group would bring together two European businesses with complementary geographical footprints, product portfolios and industrial expertise.
With a $3.2 million investment, Rich’s transformed an underutilized space into a modern, digitally powered destination designed to create greater value for customers.
Hormel Foods says the acquisition advances its strategy of investing in growing protein categories and is expected to strengthen its foodservice platform.
The investment encompasses capacity and efficiency enhancements across Cargill’s entire poultry network in Thailand and the Philippines and will help strengthen supply chain resilience, enhance food safety, quality and innovation.
The company says consolidating production at its facility in Indianapolis, Indiana will create a more efficient manufacturing network, improve capacity utilization, reduce operational complexity and establish a focused Centre of Excellence.
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