Brands to be sold include R.W. Knudsen, TruRoots, and Santa Cruz Organic beverages.
December 17, 2021
The J.M. Smucker Co. announced an agreement to sell its natural and organic beverage and grains businesses to Nexus Capital Management LP in a cash transaction valued at approximately $110 million.
The move will also initiative leadership changes at the company under the restructured format.
December 8, 2021
Kraft Heinz announced it will combine its U.S. and Canada businesses to create the North America Zone, which is expected to be effective in the second fiscal quarter of 2022.
Nature Fresh Farms' Director of Business Development, Ray Wowryk, is the recipient of this year’s OPMA (Ontario Produce Marketing Association) Lifetime Achievement Award.
Tyson Foods is saying thank you to its frontline and hourly team members by giving them approximately $50 million in year-end bonuses for their efforts over the past year. For team members in the U.S., these one-time bonuses will be based on tenure, range from $300 to $700, and be distributed starting this month.
The four UK red meat levy bodies will continue to work with government and the UKECP on this to support the commencement of commercial trade.
December 3, 2021
The Agriculture and Horticulture Development Board (AHDB) announced that lamb exporters in the UK will have access to the American market—worth an estimated $48.9 million in the first five years of trade—as we head into the new year.