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.
J & J Snack Foods Corp., Pennsauken, N.J., said it purchased the assets of California Churros, a Colton, Calif., producer of frozen Mexican churro snacks.
ConAgra Foods, Inc., Omaha, Neb., said it agreed to sell its Gilroy Foods & Flavors dehydrated and vegetable product operations to Olam International Ltd., Singapore, for $250 million.
The U.S. Department of Labor said Tyson Foods Inc., Springdale, Ark., agreed to a nationwide injunction that will require the company to pay its poultry processing workers for all hours that they work.