WORLD NEWS
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Kellogg posts 25.7% rise in full year profits even as it projects slowed demand in 2021
US – The Kellogg Company enjoyed a unusually strong, Covid-related growth in 2020, resulting in 25% rise in full year operating profits. The company’s profits…
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Zeus Packaging makes it biggest acquisition yet in aggressive European expansion
ITALY – Irish-owned, Zeus Packaging has agreed to acquire Sirap Group’s German and Austrian business in an effort to accelerate its expansion in Europe. The…
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Tyson to buy 49% stake in Malayan Flour Mills Berhad’s poultry business even as Q1 profits plunge
MALAYSIA – American multinational food corporation Tyson Foods has agreed to acquire a 49% stake in the poultry segment of Malaysian food manufacturer, Malayan Flour…
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Kraft Heinz sells planters brand to Hormel Foods for US$3.35Bn to focus on core areas of focus
US – Kraft Heinz has entered into an agreement to sell its nuts business to Hormel Foods for US$3.35 in an effort to shore up…
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Mondelez considers closing bakery plants in the US that are no longer geographically strategic
US – American multinational confectionery and food company Mondelez has said that it it would officially close plants in Atlanta and Fair Lawn, New Jersey…