WORLD NEWS
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Tree house sells ready-to-eat cereal business to Post Holdings for US$85m
US – TreeHouse Foods, a leading multinational food processing company based in the US, has simultaneously signed a definitive agreement and completed the sale of…
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Tyson Foods promotes COO Donnie King to succeed Dean Banks as President and CEO
US – Tyson Foods, the world’s second largest processor of beef, poultry and pork, has promoted its current chief operations officer Donnie King to the…
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Nestlé India rolls out financial & medical support programs to cushion employees from pandemic
INDIA – Nestlé, the world’s largest food company, has scaled up its financial and medical support programs in India to cushion its employees from the…
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Mondi completes acquisition of Turkish corrugated packaging company Olmuksan
TURKEY – Mondi, a leading British multinational packaging and paper group, has completed the acquisition of a 90.38% stake in Olmuksan International Paper from International…
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Kraft Heinz to invest US$198m in expanding manufacturing capabilities of UK facility
UK – Kraft Heinz, the fifth-largest food and beverage company in the world, has announced plans to invest £140 million (about US$197.7m) in expanding and…