Nestlé announces agreement to acquire Atrium- Innovations for US$2.3b

USA - Nestlé has announced its agreement to acquire privately-held Atrium Innovations, a global leader in nutritional health products, from a group of investors led by Permira Funds for US$2.3 billion in cash. With this agreement in place, Atrium’s 2017 sales are expected to reach almost US$700 million. The move also supports Nestlé’s pursuit of…

Poultry Association meets over South Africa’s listeria outbreak

SOUTH AFRICA - Officials from the SA Poultry Association (Sapa) and the departments of agriculture and health are today expected to meet in Pretoria to discuss ways to mitigate the listeria scourge, which has so far claimed 61 scalps in the country. This as the poultry industry is still reeling from the devastating effects of…