Reuters — J.M. Smucker on Monday agreed to buy Twinkies maker Hostess Brands for US$5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share (all figures US$). The cash-and-stock offer […] Read more
J.M. Smucker to buy Twinkies maker Hostess in US$5.6 billion deal
'Very surprised (anyone) is paying this amount'
Kellogg to spin off into three food companies
Plant-based foods, North American cereals to be hived off
The company that makes Mini-Wheats cereal, Pringles potato crisps and MorningStar veggie burgers now plans to see those each of those three product lines go their separate ways by the end of next year. Michigan-based Kellogg Co. said Tuesday its board has approved a plan to break into three yet-to-be-named independent publicly-traded companies by way […] Read more
Beef sector calls for Health Canada label exception
The Canadian Cattlemen's Association wants ground beef exempted from proposed rules
The cattle sector is less than pleased by a Health Canada proposal that would put a ‘high saturated fat’ label on retail ground beef. The proposal is part of a suite of changes proposed for Canada’s Food and Drug Regulations. As well as adding a front-of-packaging (FOP) label requirement for foods deemed by Health Canada […] Read more
On The Run operator to buy M+M Food Market
Parkland Corp. to pay $322M for frozen-food retailer
A well-known Canadian food retailer selling flash-frozen meals, entrees, side dishes and desserts direct to consumers is headed to expansion-minded new owners. Calgary-based Parkland Corp., which operates fuel and convenience retail chains and bulk fuel distribution businesses in Canada and elsewhere, announced Tuesday it’s signed an agreement to buy M+M Food Market for about $322 […] Read more
Cyber-Savvy Farmer
