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Moy Park acquired by Pilgrim’s Pride Corporation
American food company Pilgrim’s Pride Corporation has announced it has acquired Moy Park from JBS S.A., in a deal valuing the equity interest of Moy Park at approximately $1 billion (£790 million) and implying an enterprise value of approximately $1.3 billion (or approximately £1.0 billion). The move will “position Pilgrim’s to become a global player”, as according to the company’s chief executive officer, Bill Lovette, “Moy Park...
Food supply chain voices Brexit labour concerns
Trade bodies from across the food supply chain have published a survey on the sector’s Brexit priorities from a workplace perspective, warning that an “abrupt reduction” in the number of EU workers would cause “significant disruption” to the industry. The survey, co-ordinated by the Food and Drink Federation (FDF), found that almost half of ‘farm to fork’ businesses responding, or 47%, said that EU nationals were considering leaving...
UK Sausage Week unveils celebrity ambassador
The organisers of UK Sausage Week have unveiled the celebrity face endorsing the 2017 event. Antiques expert and TV presenter Eric Knowles will be showing his support for sausages throughout the week-long initiative and will present the winning retailers and manufacturers with their awards at the celebration lunch – which takes place on Monday 30th October at Plaisterers’ Hall, London. Perhaps best known currently as a presenter on...
UK Sausage Week set to boost trade promotion this autumn
Meat Management has revealed the launch of UK Sausage Week, following the cancellation of this year’s British Sausage Week by AHDB. UK Sausage Week will take place starting Monday 30th October and will conclude on Bonfire Night – Sunday 5th November. The event is designed to replace the usual autumn British Sausage Week which has been cancelled this year by AHDB following news of budget cuts to its meat trade promotional activities....
Best of the UK meat industry honoured at Meat Management Industry Awards
In the company of stand-up comedian and performer Miles Jupp, the 2017 Meat Management Industry Awards ceremony brought some of the very top names of the UK meat industry together on Wednesday 28th June to celebrate excellence and reward the best, as voted for by the readers of Meat Management magazine and judged by industry experts. Around 400 guests attended the prestigious black-tie Awards Dinner at the Hilton Birmingham Metropole...
JBS puts Moy Park up for sale
Troubled Brazilian meatpacker JBS has put Northern Ireland-based poultry processor Moy Park up for sale, as part of a wider plan to strengthen its financial position through net debt reduction. JBS’s programme of divestment reportedly aims at raising about R$6 billion (£1.4 billion) to help it cut debt and shrink leverage. The decision follows news that JBS’s holding company, J&F Investimentos, has agreed to pay record fines of...
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