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Sanderson Farms Comments on Legal Proceedings
Sanderson Farms, Inc. (NASDAQ: SAFM) today issued the following statement regarding certain ongoing legal proceedings:
“The United States Department of Justice filed a motion on Friday, June 21, 2019, in In re Broiler Chicken Antitrust Litigation stating that it is conducting a criminal investigation regarding the broiler industry. The Company has not been subpoenaed in connection with the Department of Justice investigation. The Company continues to believe the civil plaintiffs’ claims as to Sanderson Farms are wholly without merit, and we are committed to defending the case vigorously.”
Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM...
Tyson Foods: We’re Activating the Ingredients for More Growth
Tyson Foods, Inc. (NYSE: TSN) continues to meet changing consumer needs and is well-positioned for long-term, sustainable growth, company officials told investors and analysts today during Tyson Foods’ Investor Day at the New York Stock Exchange.
Chairman John Tyson, President and CEO Noel White and members of the company’s senior management team spoke at the event, which showcased the strength of Tyson’s diversified portfolio, execution of its long-term growth strategy, efforts to increase its value-added product offerings, continued innovation in food and sustainability, and expansion into new global markets.
“We’re poised for long-term growth because we understand consumers and can meet their needs through a broad portfolio of diverse products,” said White. “As we look ahead, prepared foods and value-added chicken are expected to be...
United Premium Foods Purchases Amboy Group Out of Bankruptcy
The Board of Directors of United Premium Foods (“UPF”), a private investment group based in N.J., today announced the company has purchased the Amboy Group, a provider of quality meat and food products, out of bankruptcy. In addition to UPF’s acquisition of Amboy, Amboy Woodbridge Realty, an entity affiliated with UPF, acquired the real property and cold storage business.
“The acquisitions include a state-of-the-art meat processing and cold storage facility, as well as an extremely strong and loyal customer base,” said Jim Kwon, chairman and acting CEO, UPF. “We are confident that with additional working capital, supplemental management and a new operating team, we can improve operating efficiencies while growing the company’s market share and reach. This investment is affirmation of our belief in the strong fundamentals of the business and our confidence in the upside potential of this company...
ALLETE Clean Energy's Diamond Spring Wind Project Will Provide Renewable Energy to Corporations
Allete Clean Energy, a wholly owned subsidiary of ALLETE (NYSE: ALE), announced today a power sales agreement with Smithfield Foods, Inc. for the remaining output of the Diamond Spring wind site ALLETE Clean Energy will build, own and operate in Oklahoma.
The Smithfield agreement follows an earlier announcement of power sale agreements with two large Fortune 500 companies, Walmart and Starbucks. Walmart has agreed to purchase 175 megawatts for 15 years, Smithfield will purchase 75 megawatts for 12 years, and Starbucks will purchase 50 megawatts for 15 years. The approximately 300-megawatt Diamond Spring site, which is ALLETE Clean Energy’s first project to sell wind power to corporate customers, is now fully contracted with the Smithfield agreement...
Smithfield Foods Marches Forward with Renewable Energy Projects
Smithfield Foods, Inc. is pleased to announce the construction of new biogas gathering systems in Missouri and Utah, which bring the company steps closer to delivering renewable natural gas (RNG) to communities in multiple states using manure from its hog farms. Detailed in its recently released Sustainability Report, Smithfield’s “manure-to-energy” projects are part of Smithfield Renewables, the company’s platform that unifies and accelerates its renewable energy efforts to help meet its goal to reduce greenhouse gas (GHG) emissions 25% by 2025.
“By finding innovative ways to reduce GHG emissions and use existing resources to power our planet, we are playing a critical role in providing consumers with nutritious food, as well as...
Tyson Foods Completes Acquisition of Thai and European Businesses from BRF S.A.
Tyson Foods, Inc. (NYSE: TSN) announced today the successful completion of the acquisition of the Thai and European businesses from BRF S.A. The purchase includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom. These businesses build on the company’s growth strategy to expand offerings of value-added protein in global markets.
“The addition of this experienced and talented team combined with these businesses strengthens our capabilities and increases our reach to new markets. I’m glad to welcome them to the Tyson Foods family,” said Noel White, president and CEO of Tyson Foods. “We’re now strategically aligned to better serve customers in Europe, the Middle East, and Asia, building on our global strategy.”
It’s estimated that approximately 90 percent of global protein consumption growth will occur outside the United States, with 60 percent of the volume growth coming from...
JBS USA Announces Nearly $100M Investment at Grand Island Beef Production Facility
JBS USA, a leading U.S.-based, global food company, today announced a $95 million expansion project at its Grand Island, Neb., beef production facility. The project includes new, improved animal handling facilities, a state-of-the-art, temperature-controlled harvest floor and facility reconfiguration designed to improve team member experience, food safety and product quality.
The 107,000 square-foot expansion and facility enhancements will better position the company to sustainably meet evolving customer and consumer expectations for high-quality, great-tasting U.S. beef products. This expansion project has already begun and is anticipated to be completed in early 2021. Operations at Grand Island will...
JBS USA Highlights 2018 Sustainability Accomplishments and Progress Toward 2020 Goals
JBS USA, a U.S.-based global food company, today announced the release of its 2018 Sustainability Report and progress toward 2020 sustainability targets. The report is the company’s first interactive, digital report and represents the most comprehensive and transparent view to date of the global company’s sustainability progress in its operations in Australia, Canada, England, France, Mexico, the Netherlands, Northern Ireland, New Zealand and the United States.
“At our core, we are a food company with a passion to be a part of the family meal, providing sustainable food solutions to our customers and consumers that they can proudly share and serve,” said Andre Nogueira, President and CEO of JBS USA. “The JBS USA 2018 Sustainability Report details our economic, social and environmental progress and the important role...
FSIS Proposes to Remove Dual Labeling Requirements for Certain Amounts of Meat and Poultry Products
The U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS) announced today that it is proposing to amend labeling regulations to remove duplicative net weight and net content requirements for packages that contain certain amounts of meat or poultry products. The proposed regulation would apply to products that are at least one pound or one pint, but less than four pounds or one gallon.
FSIS is proposing this action after receiving a petition submitted by a small meat processor in response to USDA’s request for ideas to better serve its customers ...
OSI Group Acquires Rose Packing Company, Inc.
OSI Group is pleased to announce the acquisition of Rose Packing Company, Inc., a well-established, premier U.S. producer of pork products for leading foodservice and retail customers.
A fifth generation, family-owned and operated leader in the meat industry, Rose is headquartered in Barrington, Illinois, and operates a Chicago production facility with more than 700 employees.
“This transaction brings together two long-time leaders in the food industry, and we are excited to have Rose join the OSI Group,” said Kevin Scott, Senior Executive Vice President, OSI North America. “Strategically, the Rose acquisition complements our existing business and directly supports our growth strategy by providing ...
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