Hormel Foods Corp., Austin, Minn., said Gary Ray, president of the company's protein units, and Russell Potter, vice president of operations-grocery products division, will retire.
Citing raw material price increases, prepared meats and entrees processor Pierre Foods Inc. said it voluntarily filed for Chapter 11 bankruptcy relief to restructure debt.
Maple Leaf Foods announced its new business plan including the sale of its primary pork processing plant in Burlington, Ontario, and a five-year restructuring.