GFM Network News





(Save-A-Lot.com)

Canada’s Onex to buy U.S. grocery chain Save-A-Lot

Reuters — Food retailer and wholesaler Supervalu Inc. said it will sell its Save-A-Lot business to Canadian private equity firm Onex Corp. for US$1.37 billion rather than spinning off the discount grocery chain as previously planned, the companies said on Monday. Eden Prairie, Minnesota-based Supervalu had been looking to separate the more profitable division, which […] Read more

(TysonFoods.com)

Tyson invests in non-meat protein

Reuters — Tyson Foods, the largest U.S. meat processor, took a five per cent stake in plant-based protein maker Beyond Meat amid growing pressure on food companies to reduce environmental and health risks by changing the way they source protein. Terms of the deal were not disclosed. Manhattan Beach, Calif.-based Beyond Meat sells plant-based burger […] Read more


(Dave Bedard photo)

Costco plans chicken plant in Nebraska

Reuters — Costco Wholesale Corp. is considering building a poultry-processing plant in Nebraska, according to a local development council, a move that would give the retailer tighter control over its chicken supplies. The facility, if built in Nebraska’s Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the […] Read more



(Dave Bedard photo)

Wal-Mart jumps into milk processing

Reuters — Wal-Mart said it will build a dairy processing plant in Indiana to supply private-label milk to about 600 stores, curtailing business with some suppliers in the retailer’s sole foray into food processing in the U.S. The move — announced by Wal-Mart last Friday but not widely reported by media until Tuesday — helped […] Read more