Nomad Holdings Limited reached an agreement to acquire leading European frozen food company Iglo Foods Holdings Limited from a company backed by the Permira funds for approximately $2.8 billion.
Strong growth in supply and low demand has driven the price of pork down from its recent high-flying prices, according to the latest quarterly report from Rabobank.
USDA, along with food industry groups such as the International Dairy Foods Association (IDFA) and the Grocery Manufacturers Association (GMA) voiced their support and urged a swift approval of new legislation, the “Bipartisan Congressional Trade Priorities and Accountability Act of 2015,” that would modernize and renew Trade Promotion Authority (TPA), boost economic growth and open the door to new markets for US goods and services.
Multinational food and beverage company Nestle announced this week it is exploring options to sell off its subsidiary Davigel—provider of branded frozen and chilled food products, ice-cream and solutions for out of home in Europe as part of its on-going portfolio review.
PMMI, the Association for Packaging and Processing Technologies, has opened registration for 2015’s PACK EXPO Las Vegas which features the largest show floor in the history of the event.
The Food Processing Suppliers Association (FPSA) and Messe Dusseldorf North America (MDNA) announced they will organize a US Pavilion at FoodPex 2015, an international trade fair for the food processing and packaging industries.
The organic industry continues to show rapid growth both domestically and globally with 19,474 certified organic operations in the US and a total of 27,814 certified organic operations around the world, according to USDA.
Organic foods were a big draw for US consumers in 2014 as sales of organic products jumped up 11 percent to $39 billion, a record for the industry, according to the annual Organic Trade Association (OTA) survey.
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