The prospect of selling meat under Hillshire Brands Co.’s labels is putting the maker of Jimmy Dean sausages and Ball Park hot dogs on the menu for producers ranging from Tyson Foods Inc. to Hormel Foods Corp. and JBS SA.
Darling International Inc., the largest U.S. recycler of meat-production byproducts and restaurant cooking oils, agreed to buy a similar business from Vion Food Group Ltd. of the Netherlands for about 1.6 billion euros ($2.2 billion).
Investors in Smithfield Foods Inc. are betting Shuanghui International Holdings Ltd. will complete the biggest Chinese takeover of a U.S. company, overcoming a national security review and prevailing over potential rival bidders.
KKR & Co. is in advanced discussions to acquire Del Monte Foods Co. in a deal that would give the New York buyout firm pet-food brands such as Meow Mix and Kibbles ‘n Bits, according to two people familiar with the matter.
Archer-Daniels-Midland Co.’s failure to win Australian approval to buy GrainCorp Ltd. opens the door for share buybacks, bigger dividends or other acquisitions as the company reviews how to use about $3.5 billion in cash.