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Food Industry Update

China invests in the U.S. food industry

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The U.S. agriculture and food industries are primed for further consolidation, as foreign companies flush with cash look to purchase attractive assets that give them an advantage in increasingly competitive businesses.
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Bacteria in poultry linked to farms, researchers claim

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The levels of bacteria in broiler chickens being processed at food-processing facilities has been linked to the amount of bacteria found among chickens on farms where they are raised, new research from the University of Georgia reveals.
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Food and beverage companies surpass 2015 goal for reduced calories

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America’s top food and beverage companies have exceeded their goal of reducing 1.5 trillion calories in the U.S. marketplace, says the Healthy Weight Commitment Foundation (HWCF).
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FDA launches software to boost food contamination protection

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The U.S. Food and Drug Administration (FDA) is launching a new software tool that can help food production facilities prevent intentional food contamination.
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Texas capital city to introduce food composting by 2017

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Food businesses such as restaurants and grocery stores in Austin, Texas, will have to start composting their food waste by 2017 at the latest, under new rules developed by city lawmakers.
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Shuanghui International to acquire Smithfield Foods

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Smithfield Foods, Inc. and Shuanghui International Holdings Limited have entered into a definitive merger agreement that values Smithfield at approximately $7.1 billion.
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Burger King exec named Heinz CEO

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Bernardo Hees, chief executive officer of Burger King Worldwide Inc., has agreed to take over as CEO of H.J. Heinz Co., 3G Capital and Berkshire Hathaway announced.
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CDC report reveals increase in some foodborne illnesses

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The Foodborne Diseases Active Surveillance Network (FoodNet) report said that in comparison to a base period between 2006 and 2008, there was a 14 percent increase in the incidence of infections caused by campylobacter -- bacteria linked to many food products, including raw milk, poultry and produce.
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USDA inspectors expose dangerous chemical use in poultry plants

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The Government Accountability Project (GAP) has issued evidence that it collected from federal poultry inspector whistleblowers regarding the use of chemicals in the U.S. poultry industry and the potential impact this has on human health.
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Monsanto develops omega-3 soybean oil

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Biotechnology company Monsanto Co. has has developed a type of genetically engineered soybean oil that produces a type of fatty acid that could be processed to take the same form as omega-3 from fish.
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