14 August 2024
14 August 2024
Consumer sensitivity to price increases, particularly for food, has taken a much more serious turn than has been the case over the last few years.
The transaction was struck for $83.50 a share, subject to regulatory approval.
Duedahl will join the meat processor on 2 September.
The Institute for Justice has partnered with cell-based meat firm Upside Foods to file a lawsuit challenging the ban.
Lifeway also revealed its second-quarter results today (13 August), where net sales grew 25.3% year-on-year to $49.2m.
According to government figures, the UK is 62% self-sufficient in food but some sectors have seen a recent decline.
The farm itself is comprised of 400 acres of pastures and hayfields as well as a processing plant, with around 15 employees.
Unconfirmed reports that US confectionery giant Mars is eyeing an acquisition of Kellanova could point to a period of greater M&A activity in the remainder of this year.
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