Find out about merger and acquisition activity in the poultry and animal feed industries in August 2021.
Minnesota Farmers Union opposes pending Sanderson sale
The Minnesota Farmers Union (MFU) has voiced its opposition to the proposed sale of Sanderson Farms to Cargill and Continental Grain.
Jamaica Broilers gets top bid to buy Iowa poultry plant
Jamaica Broilers Group’s presence in the United States may grow if an effort to acquire the former Simply Essentials poultry plant in Charles City, Iowa, is approved.
Angel Yeast announces acquisition of Bio Sunkeen
Angel Yeast Co., Ltd, a listed high-tech yeast company in China, has recently announced it has established a joint venture company to invest RMB 100 million ($15.4 million) to acquire Shandong Bio Sunkeen Co, Ltd.
Cargill acquires Aalst
Responding to an Asian marketplace sweet on chocolate products, Cargill has entered into an agreement to acquire Aalst Chocolate Pte. Ltd., a Singapore-based world-class chocolate manufacturer.
Versova family of companies acquires Thompson, Iowa, egg farm
Iowa Cage-Free, part of the Versova family of companies, has acquired the assets of Rembrandt Foods’ Thompson, Iowa, cage-free farm.
How will Sanderson deal impact Laurel, Mississippi? (blog)
Roy Graber: As we have examined the pending sale of Sanderson Farms, there have been many questions.
VIDEO: How will Sanderson sale affect the industry?
A combined Wayne Farms LLC and Sanderson Farms Inc., backed by Cargill, could bring positives and negatives to the poultry industry.
Chicken industry consolidation continues (blog)
Austin Alonzo: The big are getting bigger.
Pilgrim’s offers $900 million in notes to fund Kerry deal
Pilgrim’s Pride announced the pricing of senior unsecured notes for a total amount of $900 million to help the company finance its previously announced acquisition of the Meats and Meals business of Kerry Consumer Foods.
CPM Holdings acquires Bliss Industries
CPM Holdings Inc., a global supplier of process equipment, services and technology to the animal feed, oilseed, food and engineered materials industries, has acquired Bliss Industries LLC.
Rubio, Menendez renew push for review of JBS transactions
U.S. Sens. Marco Rubio, R-Florida, and Bob Menendez, D-New Jersey, sent a letter to Secretary of Treasury Janet Yellen to renew their request that the Committee on Foreign Investment in the United States (CFIUS) conduct a formal review of the transactions of JBS and any entity owned or controlled by brothers Wesley and Joesley Batista.
Publicly traded US poultry companies getting scarcer (blog)
Roy Graber: Two major stories impacting top broiler companies broke within the past week and a half.
Gold Star Feed & Grain acquires Gramco
Gold Star Feed & Grain, a division of J.D. Heiskell & Co., has acquired the business and assets of Gramco Inc., according to a report.
JBS proposes to buy all Pilgrim’s shares, delist it in US
JBS, the majority stakeholder of Pilgrim’s Pride Corporation, has offered to purchase all remaining shares of the company for a price of US$26.50 per share.
Quiznos parent company to buy Church’s Chicken
High Bluff Capital Partners, the parent company of Quiznos and Taco Del Mar, has agreed to purchase quick service chicken chain Church’s Chicken from private equity firm, FLL Partners.
Zoetis to acquire Jurox
Zoetis has entered into an agreement to acquire Jurox, a privately held animal health company, which develops, manufactures and markets a wide range of veterinary medicines for treating companion animals and livestock.
PSSI to acquire Safe Foods
PSSI announced the signing of a definitive agreement to acquire Safe Foods Corporation, a food safety performance management company and global leader in antimicrobial technology.
Grassley seeks scrutiny of proposed Sanderson purchase
Fearing the U.S. poultry industry is already too consolidated, Sen. Chuck Grassley wrote a letter to the U.S. Department of Justice (DOJ) Antitrust Division, urging the agency to thoroughly scrutinize a proposed deal that would merge Sanderson Farms and Wayne Farms.
Wayne Farms and Sanderson Farms to merge
Cargill and Continental Grain Company have reached an agreement to form a joint venture and acquire Sanderson Farms for $4.53 billion or $203 per share.
JBS enters aquaculture sector with Huon acquisition
JBS will enter the aquaculture sector with its acquisition of Australian salmon producer Huon Aquaculture Group Ltd. in a deal valued at AUD425 million (US$312.9 million), the company said in a statement.
Furst-McNess Co. acquired by Easy USA Holdings
Animal feed and ingredients producer Furst-McNess Co. (FMC) has been acquired by Easy USA Holdings of Oskaloosa, Iowa.
