Six dairy companies have been chosen to participate in the 2018 Land O'Lakes, Inc. Dairy Accelerator, which will provide tailored coursework and mentorship to dairy entrepreneurs.

Hometown Food Company, a wholly-owned portfolio company of Brynwood Partners VIII L.P., has completed the $375 million deal to acquire the exclusive rights to the Pillsbury branded shelf-stable baking and dessert products and use of the Pillsbury Doughboy in these categories.

Ramen maker Maruchan Virginia, a subsidiary of Tokyo-based Toyo Suisan Kaisha Ltd., has broken ground on a manufacturing expansion on its Chesterfield, Va. campus.

Sanitary process cleaning equipment and component manufacturer Sani-Matic, Inc., has broken ground on a new facility that will combine the company's operations under one roof.

The Board of Trustees of the Meat Industry Hall of Fame proudly announces seven new members will be inducted into the Hall as the Class of 2018. Approximately 40 industry titans were nominated this year, and the Class of 2018 was elected from those nominees by the Trustees and all the living Members of the Hall. Nominees included industry executives, scientists, innovators and association leaders from all sectors of the livestock, meatpacking and poultry processing industries.

Tyson Foods Inc. has announced it has reached a definitive agreement to buy the Keystone Foods business from Marfrig Global Foods for $2.16 billion in cash. The acquisition of Keystone, a major supplier to the growing global foodservice industry, is Tyson Foods’ latest investment in furtherance of its growth strategy and expansion of its value-added protein capabilities.

The Ninth Circuit Court of Appeals has ruled that a contract between Exportadora de Sal, S.A. de C.V. (ESSA), and Packsys, S.A. de C.V. (Packsys) is not binding because it was not agreed to by ESSA's board of directors.

Haskell, a global architectural, engineering, construction and consulting firm, has appointed James O’Leary to the position of chief executive officer, giving him full executive leadership responsibilities for the $1 billion firm.

After 12 years as chief executive officer (CEO) of PepsiCo Inc., Purchase, N.Y., Indra Nooyi announced that she will step down Oct. 3. Nooyi has been with the company for 24 years. She will remain chairman until early 2019.