Hints and tips:
...Next in line for the treatment is Smithfields meat market, which is on the way to becoming a museum....
...The pandemic provided a boost to packaged and processed foods, however, as consumers confined to their homes turned back to comfort foods and familiar brands....
...It sounds like a curse to me, but Kempczinski got used to an on-brand diet as he rose through America’s consumer packaged goods sector....
...Smithfield, a leading US pork processor, has temporarily shut three plants, including one in Sioux Falls, South Dakota, where hundreds of employees tested positive....
...Investors soured on Hormel Foods on Thursday, after the meat and packaged food company revised down its net sales forecast as it contends with pressures on pork sales and potential tariff-related risks....
...Refrigerated foods — which make up almost half of Hormel’s net sales — saw revenue decline 6 per cent, primarily as a result of the divestiture last year of its Farmer John meats business to Smithfield Foods...
...One example was the WH Group, an amalgamation of heavily indebted Chinese pork producer Shuanghui with US meat business Smithfield Foods. WH Group has struggled with a low stock valuation since then....
...Potential targets could including Pinnacle Foods, Kerry Group’s frozen food business, the meat substitute maker Quorn or even parts of larger consumer companies such Unilever or Nestlé....
...Chinese appetite for international food companies has grown in particular, with Shuanghui International buying US pork producer Smithfield Foods last year....
...The biggest share award went to chairman Wan Long, described in the prospectus as the “father of the meat industry in China”....
...This has compelled packaged foodmakers to focus on – or buy – popular brands that can win some of the limited shelf space....
...Site freeholder the City of London Corporation supports the proposal, as do the local and citywide planning authorities, the Smithfield meat traders’ association and government conservation adviser English...
...State-backed Chinese companies made several investments in food production in Ukraine before the political crisis erupted and meat producer Shuanghui’s investment in Smithfield Foods, the largest US pork...
...“This is not a privatisation and it won’t be as long as the party is involved....
...China has long complained about US restrictions on investment into America and the issue is certain to come up in their talks in California....
...(Financial Times) Shuanghui agrees $4.7bn deal for Smithfield Foods: China’s biggest meat processor has offered $4.7bn in cash for Smithfield Foods, in what will be the largest Chinese takeover of a US...
...Fellow protein makers Smithfield, Tyson and JBS are beaten up as well. Droughts end. People like meat. So are protein stocks starting to look tasty?...
...The price, a bit less than 2 times expected annual sales, is not cheap by packaged food standards (Hormel itself trades at 1x)....
...Before the company came forward with its proposal, most creditors assumed the owners would try to buy more time, collecting fees and keeping their options alive for as long as they could....
...The MSCI Barra indices include food distributors and producers of agricultural products, fertilisers and agricultural chemicals, and packaged food and meats....
...The maker of Spam luncheon meat cited the higher cost of meat and corn. Its shares closed 1.1 per cent higher at $34.79....
...A battery chicken is killed at the age of six weeks and appears as anonymous chunks of pre-packaged meat on your supermarket shelf. There is no denying that Knut is cute....
...You need ingest only 20 of them to fall ill, while 1m or more V. cholerae cells are needed to cause cholera....
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