Pinnacle Foods Group LLC, Mountain Lakes, N.J., said it completed its $1.3 billion purchase of Birds Eye Foods Inc. from a holding company controlled by Vestar Capital Partners.
Poultry giant Pilgrim's Pride Corporation, Pittsburg, Texas, said the company and six of its subsidiaries emerged from Chapter 11 bankruptcy protection after a 13-month restructuring.
Birds Eye Foods' primary fruit and vegetable supplier Pro-Fac Cooperative, Inc., Fairport, N.Y., said it received a distribution of approximately $238 million from Birds Eye Holdings, LLC upon the closing of the sale of Birds Eye Foods, Inc. to the Pinnacle Foods Group.
Although it's not scheduled for start-up until November 2010, Lamb Weston's new sweet potato operation in Delhi, La., has generated quite a stir in the area, reported the Monroe (La.)
While consumers around the world are more confident about the year ahead, Americans still seem relatively unconvinced there will be drastic improvement.
Looking to reduce debt, Royal Wessanen nv, Utrecht, The Netherlands, said it agreed to sell specialty foods distributor Tree of Life Inc. for $190 million to Kehe Food Distributors Inc.
The InterFlex Group, Wilkesboro, N.C., said it purchased flexible food packaging supplier C&H Packaging Company Inc. for an undisclosed amount from Appleton, a diverse specialty paper products company.
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