From WATTAgNet:Find out about merger and acquisition activity in the poultry, feed and pig industries in August.
Hormel Foods Corporation announced Aug. 24 it has acquired Cidade do Sol, a growing, branded, value-added meats company in Brazil. The company offers more than 70 products in 15 categories including authentic meats such as mortadella, sausage and salami for Brazilian retail and foodservice markets under the popular Ceratti brand.
Hormel Foods Corporation announced Aug. 17 that it has acquired Fontanini Italian Meats and Sausages, a branded foodservice business, from Capitol Wholesale Meats, Inc. The company is based in the Chicago metropolitan area and specializes in authentic Italian meats and sausages, as well as a variety of other premium meat products including pizza toppings and meatballs.
Philippines-based Aboitiz Equity Ventures Inc. (AEV) has acquired a controlling stake in Vietnamese animal feed company Eurofeed.
Cargill has reached an agreement to acquire the animal feed business of Richmond, Virginia,-based Southern States Cooperative Inc., a move that will help the company better serve its customers in the eastern United States. The transaction is expected to close within 90 days, subject to customary approvals.