Brazilian food processor BRF appoints new CEO amid company struggles

BRAZIL - Brazilian food processor BRF has appointed José Aurélio Drummond Jr to the position of CEO to turn around the fortunes of the struggling company, and will take over from Pedro de Andrade Faria, who remains as CEO until 22 December. Drummond previously served as chief executive of appliance maker Whirlpool, aluminium manufacturer Alcoa…

Cargill invests US$146m to upgrade Tennessee sausage production site

USA – Cargill’s North American protein business will invest US$146 million to upgrade its sausage production site in Nashville, Tennessee, USA. The investment will grow the company’s meat crumble offerings for food ingredient, foodservice and retail customers. It will also include the construction of a new dried sausage production facility, which will create more than…

Hormel Foods to acquire Columbus Manufacturing for US$850m

US - Hormel Foods Corporation has entered into a definitive agreement to acquire California based Columbus Manufacturing, Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments for a value worth US$850 million. According to the company, the strategic agreement positions Hormel Foods as a total deli solutions provider and enhances its…

Leonardo DiCaprio invests in veggie burger maker

USA - Leonardo DiCaprio has joined the likes of Bill Gates and Twitter co-founders Biz Stone and Evan Williams in becoming an “official investor and advocate” of California-based startup Beyond Meat. The Beyond Burger – the plant-based patty that cooks and looks like meat – has expanded rapidly since it was launched last year. It’s…

Ethiopia’s meat industry attracting new investors

ETHIOPIA – The Ethiopian meat sector has been steadily growing and domestic and foreign investors are showing interest, according to reports by the Ethiopian Meat and Dairy Industry Development Institute. Companies from China, Morocco, South Africa and India are currently interested in the meat-processing sector in the country. Frigorifico Allana, which is part of the…

President opens Olam’s poultry feed mill, hatchery and breeder farms

NIGERIA – Olam International Limited has hosted President Muhammadu Buhari of Nigeria to inaugurate its poultry feed mill and day-old-chick facilities in Kaduna Estate, Northern Nigeria The integrated poultry and feed mill at Ilorin in Kwara State, worth US$150million, will enable the company to deepen its already strong influence in Nigeria’s food, agro and agro-processing…