California Pizza Kitchen and Golden Gate Capital announced that they have entered into a definitive agreement under which an affiliate of Golden Gate Capital will acquire the company for $18.50 per share in cash, or approximately $470 million.
In a phone call with investors, Sanderson Farms CEO Joe Sanderson Jr. said that the industry will need to start cutting production, possibly twice this year, to restore profitability to the industry.
Cargill announced it is making a significant in-kind software contribution to Iowa State University to aid in its efforts to improve swine nutrition and pork production.
Pork stockpiles in the U.S. rose 13 percent at the end of April from a year earlier, the government said, as adverse weather and high prices reduced demand.
CJ Omni Inc., a producer of authentic Asian foods, announced the official launch of its foodservice business in the U.S. market at the National Restaurant Association (NRA) show in Chicago.
Whataburger has announced the Honey Mustard Chicken Club, its newest menu item available for a limited time only. The new chicken sandwich - with a choice of grilled or crispy chicken
The Iowa Economic Development Board has approved tax incentives or direct financial assistance to projects in eight cities, including a Tyson facility renovation and a new Plumrose manufacturing plant.
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