The Kroger Co. is acquiring Albertsons Companies for approximately $24.6 billion. If the acquisition is approved, it will encompass 4,996 stores, 52 processing plants, 66 distribution centers, employ approximately 710,000, and, on a combined basis have an estimated $210 billion sales and $3.3 billion in earnings.
Planterra Foods, a plant-based meat business owned by JBS SA, Sao Paulo, Brazil, is ceasing operations in Lafayette, closing its manufacturing facility and laying off its entire staff.
Cases of highly pathogenic avian influenza (HPAI) emerging this week in California, Indiana, Minnesota and North Dakota, including in a Hormel Foods Corp. flock, have executives at the company on edge. Outbreaks earlier this year affected the company’s Jennie-O Turkey Store business, and the new cases may have a lasting impact.
Oatly Group AB is tapping the brakes on its growth strategy, downshifting from a breakneck pace to add production as rapidly as possible to a more moderate approach.