Following an early morning announcement that minority joint venture partner Smithfield Foods Inc. would like to purchase Butterball LLC, the turkey company's majority owner, Maxwell Farms, LLC, issued its own statement.
Global energy reduction technologies specialist Powerit Solutions, Seattle, said its board elected President & CEO Claes Olsson (pictured, left) to the additional post of chairman.
In conjunction with its fourth quarter and full-year financial earnings release, meat giant Smithfield Foods Inc., Smithfield, Va., said it offered to purchase its joint venture partner's 51 percent ownership interest in Butterball, LLC.
Advantage Capital Partners, Chicago, said it provided $7.8 million in financing to Protein Solutions, a processor and distributor of portion controlled meat products.
The expanding appetite for Latino cuisine among non-Hispanic Americans -- combined with the rapid increase in the United States' Hispanic population -- will be a boon for the $7 billion market.
Convenience is a key driver for U.S. consumers who are increasingly turning to prepared foods purchased at the supermarket deli for in-home suppers, reports The NPD Group.
Brazilian meat processor Marfrig Alimentos S.A., Sao Paulo, said it agreed to purchase U.S. foodservice protein supplier Keystone Foods LLC, West Conshohocken, Pa., for $1.26 billion.
Health and weight maintenance discussions are spreading to the supermarket aisles according to Shopping for Health 2010, the 18th annual study from the Food Marketing Institute (FMI) and Prevention.
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