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High Liner to be acquired by Japan's Umios in $804M deal

1 week ago

High Liner to be acquired by Japan's Umios in $804M deal

Nova Scotia-based seafood processor High Liner Foods (HLF-T) has agreed to an all-cash acquisition by Japan-based Umios, offering shareholders $27 per share.

Couche-Tard proposes up to $8B for Cumberland Farms

Alimentation Couche-Tard offered US$7.5 billion to US$8 billion for U.S. ​convenience store operator Cumberland Farms, Britain’s Times newspaper reported. The offer would be lower than ​Cumberland Farms’ US$9 billion valuation target for ​an IPO.

Lactalis Canada opens new R&D centre in Ingleside, Ont.

Lactalis Canada officially opened its new research and development centre in Ingleside, Ont. Located adjacent to Lactalis’s cheese processing plant, the centre features advanced pilot-scale capabilities and specialized testing and evaluation spaces.

Fine Choice Foods under new ownership

Power Sustainable Lios has acquired Richmond, B.C.-based Fine Choice Foods, a developer of Asian-inspired appetizers and meal solutions, from Swander Pace Capital. Founded in 1986, Fine Choice Foods employs over 300 people and serves both Canadian and U.S. markets.

Is this Quebec-developed fruit the ‘apple of the future’?

The Orléans apple — developed on Île d’Orléans, Que. — is hitting grocery store shelves this fall, but has been in the works for nearly 25 years. Producers handpicked pollen from Honeycrisps and Empire apple flowers, and then spent years crossbreeding them.

Ottawa deli for sale after more than 50 years in business

An Ottawa sandwich shop that has become a beloved cultural institution in the city has been listed for sale. The building that houses Di Rienzo Grocery and Deli was listed on Realtor.ca, with an asking price of $2,899,900.

Discount key to winning price-weary shoppers: Loblaw CEO

Narrow aisles, fewer shelves, and house-brand items: this Loblaw store feels cosier but still offers enough variety for a grocery run. Loblaw’s Danish chief executive, Per Bank, imported some of Europe when he started running the country’s largest grocery chain.

Budgets down, focus on value this holiday season: Survey

Canadians are trimming holiday budgets, but they want value, not just deals, according to a Retail Council of Canada survey. The survey found that Canadians plan to spend $911 during the festive season compared with $975 last year.

Firehouse Subs co-founder dies

Chris Sorensen, co-founder of sandwich chain Firehouse Subs, has died at 65. In 1994, Chris and his brother, Robin, co-founded Firehouse Subs. It sold in 2021 for $1 billion to Restaurant Brands International and has more than 1,200 locations.

LCBO appoints Campbell as president, CEO

LCBO appointed Aaron Campbell as president and chief executive officer. He joined LCBO in 2017, serving as chief of staff vice-president. Before joining, Campbell held senior roles with the federal government, and six years with the Toronto International Film Festival.

Some Canadian goods escape 50 per cent U.S. tariffs

Maine Senator Susan Collins secured U.S. tariff exemptions for some Canadian agricultural products. In a Friday X post, Collins said the exemptions cover “specialized equipment, packaging materials, and other products from Canada,” which she called crucial to Maine’s agriculture sector.

FDA recalls more than 40,000 cans of Walmart product

The U.S. FDA announced a recall of about 44,000 cans of Great Value Fruit Cocktail in Fruit Juice that may be contaminated with elevated levels of lead. Consuming the fruit cocktail “may cause temporary or medically reversible adverse health consequences.”

Millions lost as protest torpedoes Italy’s Buffalo mozzarella

A truckers’ protest in southern Italy has halted the production of the famed buffalo mozzarella, causing an estimated loss of 3 million euros in just 24 hours as the milk cannot reach dairies in Naples, an official said.

Big Y Foods, Instacart offer new in-store kiosks

Big Y Foods of Massachusetts and Instacart have new in-store kiosks and online ordering powered by FoodStorm, Instacart’s order management technology. Customers can customize made-to-order meals at the kiosks, place made-to-order and catering orders online for pickup and prepay.

Niagara Bottling opens $141M facility

Private-label and branded beverage processor Niagara Bottling has opened its new, US$141 million production facility in Kenton County, Ky.. The new plant features more than 436,000-square-feet of manufacturing space, including beverage production and distribution operations.

New World screwworm cases confirmed in Texas, N.M.

The U.S. Department of Agriculture said it confirmed the first detection of flesh-eating parasite New World screwworm in wildlife in an elk in Pecos County, Texas, while New Mexico authorities separately said they confirmed a case in a beef cow.

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