After the June announcement that Tyson Foods will acquire Hillshire Brands, New Jersey-based Pinnacle Foods said Tuesday it is exercising its right to terminate the agreement it made to merge with Hillshire.
Citing a need to lower blood pressure and prevent death from heart disease, health officials and government representatives are gearing up to reduce the high levels of sodium in US consumers’ diets.
Poultry producer Pilgrim’s Pride confirmed Tuesday it countered the offer by Tyson Foods Inc. in the fight over the acquisition of Hillshire brands, increasing its original proposal by $1.3 billion.
A growing number of food and beverage manufacturers are listening to consumers who support the removal of high fructose corn syrup by changing recipes to remove the sweetener.
Snacking company Snyder’s-Lance announced the sale of Private Brands to Shearer’s Foods, LLC last week for $430 million in order to focus attention on growing branded products.
The Grocery Manufacturers Association is taking aim at a new documentary that highlights the food industry criticizing the film for its one-sided approach.