JBS-owned prepared foods company Swift expands portfolio with acquisition of Sunnyvalley Smoked Meats

USA —  Swift Prepared Foods, a subsidiary of Brazil meat processing giant JBS, has reached an agreement to acquire Sunnyvalley Smoked Meats Inc. for US$90 million.  Founded in 1990, Sunnyvalley Smoked Meats produces a variety of quality smoked bacon, ham and turkey products for sale to retail and wholesale customers under the Sunnyvalley brand.    According to a statement from JBS, the acquisition by Swift includes the company’s production facility in Manteca, which employs more than 300 people and has gross annual revenues of US$150 million.  “Today’s announcement is consistent with our company’s long-term strategy to increase our value-added and branded portfolio,…

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Mexico becomes the latest country to join the International Dairy Federation

BELGIUM – Mexico, the 16th largest producer of milk in the world, has joined the International Dairy Federation(IDF), bolstering the federation’s members and expanding its global reach and influence.  Based in Brussels, Belgium,  IDF is a recognised international authority in the development of science-based standards for the dairy sector.  The body plays an important role in ensuring the right policies, standards, practices and regulations are in place to ensure the world’s dairy products are safe and sustainable.  In a statement, IDF said that as a member of the federation, Mexico will benefit from being part of a dynamic…

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Mexican bottler and retailer FEMSA appoints Daniel Rodriguez as CEO

MEXICO – Mexican multinational beverage and retail company Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA has appointed Daniel Rodriguez as CEO, effective January next year.  Rodriguez succeeds Eduardo Padilla, who has been at the helm of the largest independent Coca-Cola bottling group in the world since  2018.  Daniel Rodriguez joined FEMSA in 2015 and currently leads the Femsa Comercio division including the vast chain of Oxxo convenience stores.   Femsa said in a statement that Rodriguez will focus on “growth and innovation along with sustainability, inclusion, and diversity.”  Earlier this year, FEMSA expanded its footprint in…

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