Key Points: McCormick predicts potential annual losses of up to $90 million due to Trump administration tariffs on spices that cannot be grown commercially in the U.S. The company plans to increase prices selectively in response to higher commodity costs…
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Dive Brief: JBS has received approval from the U.S. Securities and Exchange Commission to list its shares on the New York Stock Exchange, despite objections from environmental and congressional lawmakers. The SEC granted the world’s largest meat company a declaration…
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Food News
Fresh produce giant Fresh Del Monte strikes deal to enter high-value specialty ingredients
Key Takeaways: Fresh Del Monte is acquiring a majority stake in Avolio, Uganda’s top supplier of bulk crude and edible avocado oil, to expand its specialty ingredients and innovation business. This strategic move allows Fresh Del Monte to produce premium…
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Arla Foods Expanding U.S. Presence with Valley Queen Partnership Arla Foods, a leading dairy co-op, is increasing its footprint in the U.S. by teaming up with a processor to produce whey protein for the food and beverage industry. The partnership…
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Breaking News: The world’s largest meat company, JBS, is making a bold move into the egg industry with a strategic merger in South America. JBS announced on Monday its acquisition of a 50% stake in Mantiqueira Brasil, a major egg…
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Collaboration Between Ahold Delhaize USA and General Mills to Expand Regenerative Agriculture Ahold Delhaize USA, the owner of popular grocery chains like Food Lion, Giant Food, and Stop & Shop, is teaming up with General Mills to enhance regenerative agriculture…
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Campbell Soup CEO Mark Clouse mentioned the possibility of splitting the company’s snacks business from its meals and beverages unit in the future, but emphasized that any potential restructuring is not imminent. Speaking at the company’s investor day in New…
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Mars is set to acquire Pringles maker Kellanova for $36 billion, a move that will position the candy giant as a major player in the snacking industry. This acquisition will give Mars a competitive edge in the market, allowing it…
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Food News
You can’t ‘replicate a Celsius’: How the energy drink maker evolved from an unknown to category giant
When John Fieldly became the CFO of Celsius Holdings in 2012, the company was a newcomer in the competitive energy drink market. With minimal market share and a market capitalization of only $5 million, Celsius faced an uphill battle against…