Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...» Read More
Nov 3- Food distributor Sysco Corp said it did not expect to complete its acquisition of US Foods Inc this year and it was still in talks with U.S. antitrust regulators to secure an approval for the deal. Sysco said in December 2013 that it would buy US Foods for about $3.5 billion from its private equity owners, including KKR& Co.. Sysco also reported on Monday...
Grupo Cutrale and investment firm Safra Group agreed to acquire U.S.-based banana producer Chiquita Brands in a deal valued at $1.3 billion.
**Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....
WASHINGTON, Oct 20- The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion. Sysco and U.S. Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide variety of goods from napkins to eggs to cleaning...
Sept 9- Food distributor Performance Food Group Co filed with U.S. regulators on Tuesday to raise up to $100 million in an initial public offering of common stock. Credit Suisse and Barclays are the lead underwriters of the offering, the Richmond, Virginia- based company told the U. S Securities and Exchange Commission in a preliminary filing.
Sept 9- The parent of White Rose Inc, one of the biggest independent food distributors in the New York City area, on Tuesday filed for bankruptcy and said it had agreed to sell substantially all its assets to C&S Wholesale Grocers Inc, one of the largest privately held U.S. companies.
Opponents of mandatory labeling for foods made with genetically modified organisms spent roughly three times their spending in all of 2013.
The CEO caught on surveillance video kicking a small dog has resigned, his company announced Tuesday.
Four officials at a California slaughterhouse allegedly slaughtered diseased cows while inspectors were on lunch breaks and distributed the beef.
Craft soda may be little, but as local companies get picked up by Walmart and big players boost profits, it proves fierce.
Recent stories reported a coming worldwide kale shortage due to an absence of seeds at Australia's Bejos Seeds. The truth is something else.
SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan.
SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors, the watchdog said in a statement, in an investigation into a fast-spreading food safety scare. The safety scare has already dragged in U.S. chains McDonald's Corp, KFC-parent Yum Brands Inc and coffee giant Starbucks Corp..
AJE Group, the company that owns Big Cola, is battling Coke and Pepsi in Asian and Latin American markets. Financial Times reports.
Wawona Packing says no illnesses have been reported from a listeria scare of some of its produce, and the nationwide recall is a precaution.
Expensive beans are driving up the prices of coffee, but many consumers are shifting to higher-priced specialty coffee.
Aviagen Group's standard Ross male breed is sire to up to 25 percent of the nation's poultry, and its infertility is a problem for prices.
Velveeta, a processed cheese, is getting yanked off the shelves in 12 states for not having enough preservatives.
There will likely be more food industry mergers in the months ahead, analysts say. Here's why.
At least 11 people are sick in four unnamed states with E. coli infections, Food Safety and Inspection Service officials said.