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Food industry news of the week: Applegate Farms, Bel, Smart Balance

2015-05-30 00:09:04| Food - Topix.net

Hormel Foods ' latest move to inject more growth into its business - a move for US organic meats firm Applegate Farms - grabbed the headlines this week. In Europe, France's Groupe Bel struck a deal in Africa and is to take a majority stake in Moroccan dairy Safilait.

Tags: news week food industry

 

Hormel Foods (HRL) Stock Soaring After-Hours on Applegate Farms Acquisition

2015-05-27 00:18:59| Food - Topix.net

The acquisition allows the maker of Spam a secure position in the organic meats category, The Wall Street Journal reports. "A growing number of consumers are choosing natural and organic products.

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Hormel to buy privately-held Applegate Farms for about $775 million

2015-05-26 23:15:50| Food - Topix.net

Hormel said it expects the deal to be neutral to its 2015 per-share earnings, but to add 7 cents to 8 cents a share to its 2016 earnings. Bridgewater, NJ.-based Applegate is a leading brand in the natural and organic prepared foods sector.

Tags: buy million farms applegate

 

Digital maps for cane farms

2015-05-26 08:45:51| Sugar Industry News

THE digital mapping of cane farms and geography of the Western Division will bring enormous gains to the sugar industry, says Skyward Industries Limited CEO Kevin Rotsaert.

Tags: digital maps farms cane

 

Conversion of coconut gene farms threatens diversity

2015-05-25 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

SciDevNet: The land conversion of coconut gene banks located in research farms across the Asia-Pacific threatens the future of coconut diversity, researchers warn. A coconut gene bank in Indonesia was recently converted into a racetrack while another in Samoa was turned into a prison, SciDev.Net has learned. Scientists in Southeast Asia are worried that without legal protection the number of coconut gene banks in the region could dwindle further. Plant ecologist Percy Sajise, a former regional director...

Tags: conversion gene diversity farms

 

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