The food industry briefing
The latest news, trends, and data you need to know about this month
In numbers
$150m
American food company Conagra Brands has expanded its partnership with Dutch cold chain logistics company NewCold for the construction of a new $150m large-scale automated cold store facility in Lebanon, Indianapolis.
€110m
Nomad Foods has finalised an agreement to acquire Findus Switzerland from Froneri International and certain intellectual property from a Nestlé affiliate for an aggregate consideration of nearly €110m ($130m).
$480m
Utz Brands subsidiaries Utz Quality Foods and Heron Holding have signed an agreement with Insignia Capital to acquire snack producer Truco Enterprises for a $480m consideration.
$277m
Meal-kit delivery company HelloFresh has agreed to acquire all of the outstanding equity interests of Factor75, a fully prepared meal delivery service provider in the US, for up to $277m.
€330m
Canadian speciality foods company SunOpta has agreed to divest its global ingredients segment and related assets to Amsterdam Commodities (ACOMO) for a €330m ($390m) consideration.
In words
Modern Meat signs co-manufacturing agreement with Real Vision
Canadian plant-based meat manufacturer Modern Meat has signed a distribution co-manufacturing agreement with the California-based Real Vision Foods to further expand its product presence in the US.
Endless acquires 134 year-old bakery brand Hovis
Private equity firm Endless has acquired UK bakery brand Hovis for an undisclosed amount. Endless previously owned pork business Karro Food Group and now owns BBF, a supplier of ambient cake products to grocery outlets in the UK.
Modern Meat concludes acquisition of snack brands from JDW Distributors
Canadian plant-based food manufacturer Modern Meat has completed the acquisition of vegan snack brands from JDW Distributors in a $450,000 deal.
Tyson Foods to build new production facilities in China and Thailand
Tyson Foods has announced that it will enhance its fully cooked poultry capacity by constructing new production facilities in China and Thailand, as well as expand its facility in the Netherlands.
Further reading
Tyson Foods managers placed bets on how many workers would catch Covid-19
A wrongful death lawsuit filed by a worker’s son alleges that managers at a Tyson Foods meat processing plant downplayed the extent and severity of a Covid-19 outbreak tearing through the Iowa facility, taking bets on how many employees would get sick as they kept the plant open for business in dangerous conditions.
Read more: Forbes
