Stellar, a fully integrated firm focused on design, engineering, construction, refrigeration and mechanical services worldwide, is proud to welcome Garland Smith as a business developer in the company's Food Logistics division.
Wayne Farms CEO Clint Rivers will lead the new poultry business.
August 9, 2021
Cargill, Continental Grain Company, and Sanderson Farms have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. The purchase price represents a 30.3% premium to Sanderson Farms’ unaffected share price of $155.74 on June 18, 2021, the last full trading day prior to media speculation about the potential sale of Sanderson Farms; a 22.8% premium to the Sanderson Farms 30-day volume weighted average price as of June 18, 2021, and a 15.2% premium to the all-time high share price as of June 18, 2021. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business.
Gather around the campfire because S'mores Day is almost here (August 10th) and in honor of this holiday, NadaMoo is giving away a free pint of S'mores added to your online order on NadaMoo's website (www.nadamoo.com).
Gathered Foods, makers of Good Catch plant-based seafood, has partnered with Dot Foods, North America's largest food industry redistributor. This partnership will enable Good Catch products to be available to a broader set of foodservice accounts and businesses in more locations, making the brand more accessible across the country.
The American Dairy Science Association (ADSA) has selected Jerry Bowman as its new executive director. Bowman, who currently serves as executive director of the Flavor and Extract Manufacturers Association, will start at ADSA on September 13, 2021.
SideDrive Conveyor is showcasing its hygienic spiral conveyors at booth LS-6127 at PACK EXPO Las Vegas, Sept. 27-29. Whether it’s moving products up one floor or down to another production stage, SideDrive Conveyor’s plastic, modular spiral conveyor systems adapt to plant and manufacturing needs, all while offering the highest level of hygienic standards.
Lineage Logistics has acquired Hanson Logistics, one of the largest cold storage organizations in the Midwest. Hanson currently ranks as the twelfth largest temperature-controlled warehousing and logistics provider in North America, according to the International Association of Refrigerated Warehousing (IARW).
Actual Veggies has closed a $2.3M round of funding from Electric Feel Ventures, the venture arm of Post Malone's management team, run by Austin Rosen; Big Idea Ventures; Rose Street Capital; former Arsenal and current Inter Miami CF defender, Kieran Gibbs, and other strategic investors. Combined with its previous funding round from Big Idea Ventures and angel contributions, Actual Veggies has secured $2.8M in funding to date.
United Family stores Albertsons Market and Market Street presented New Mexico's Roadrunner Food Bank with a check for $46,373.87 following a statewide donate-at-the-register fundraiser campaign.
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