Processed meat is an industry that is driven by the demand for meat. A rapid increase in globalization resulted in amped-up meat processing procedures. Consumers increased their protein intake. And, busy, on-the-go, 2-income families rely on ready-to-eat meals that oftentimes, incorporate meat as the main component. These are just a few factors driving the processed meat industry.
Food packaging equipment supplier Pro Mach, Inc., Cincinnati, said it was acquired by The Resolute Fund II, L.P. for an undisclosed amount from Odyssey Investment Partners, LLC.
Global food processing equipment supplier Marel Food Systems hf, Gardabaer, Iceland, said its board elected Theo Hoen as chief executive officer for Marel.