Pilgrim's Pride Corp., Greeley, Colo., announced plans to make a proposal to acquire The Hillshire Brands Co., Chicago, for $45 per share in cash, in a transaction valued at $6.4 billion.
Pilgrim's Pride Corp., a Greeley, Colo.-based unit of JBS Corp., announced several operational changes to improve efficiencies as part of its goal to generate approximately $200 million in savings in 2014.
JBS USA, a Greeley, Colo.-based animal protein processor and wholly-owned subsidiary of Brazil-based JBS S.A., announced the intent of its Canadian subsidiary, JBS Food Canada Inc., to purchase certain Canadian operations of XL Foods, effective Jan. 14.
Foodservice distribution giant Sysco Corp., Houston, honored several refrigerated and frozen food processors during Sysco's recent "Super Regional Conference."
Having spurned offers from Brazil's JBS and others, global food and beverage giant Sara Lee Corp., Downers Grove, Ill., announced last week that it would spin off the company's two major business units into separate public businesses.
