Canadian agribusiness giant Viterra Inc., Calgary, Alberta, said it agreed to purchase Dakota Growers Pasta Company, Inc., Carrington, N.D., in an all-cash transaction valued at approximately $240 million.
Prime Star Group, Inc., Las Vegas, said its Wild Grill Foods, Inc. subsidiary inked a deal with UniSea, Inc., Redmond, Wash., "to meet [Wild Grill's] expanded production needs."
Tennessee Valley Ventures (TVV), a Southeast lower middle-market private equity firm, said it sold two of its food processing investments -- Albertville Quality Foods and Southern Quality Meats -- to an affiliate of H.I.G. Capital, LLC.
The fifth edition of "The Power of Meat," a joint study by the American Meat Institute (AMI) and the Food Marketing Institute (FMI), finds that the recession is continuing to impact food purchasing and consumption behavior, including the meat department.
The Associated Press reported that Pinnacle Foods, Cherry Hill, N.J., plans this July to close the Rochester, N.Y., corporate offices of Birds Eye, which Pinnacle acquired last December.
Tired of $5 foot-long sandwiches? Another restaurant chain, Boston Market Corp., Golden, Colo., has been offering smaller portions of four popular menu items for $2.99 each.
Restaurant visit losses in each of the four quarters of 2009 contributed to a 3 percent decline for the year compared to a year ago, according to The NPD Group.
Dairy giant Dean Foods, Dallas, said it promoted Chris Sliva, 46, to president at Morningstar, a division responsible for Dean's private label, extended shelf life and cultured businesses.
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