Processed Food News

Constellation Brands shares fall on election aftermath
Shares of Constellation Brands, parent company of Mexican import beers like Corona and Modelo, plummeted Wednesday after Donald Trump's surprising victory. At the end of trading day, Constellation stock was down 7.6 percent to US$ 153.91 per share. Constellation's stable of Mexican beers, which is ...
El Paso-based Mount Franklin Foods acquires candy making facility
Mount Franklin Foods, a leading North American manufacturer of high-quality candy and nut products, acquired its first candy making facility in the United States from Au’some Candy Co. The plant is located in Sumter County, South Carolina. Financial terms of the transaction were not disclosed. Th...
Constellation Brands to buy brewery in Obregon, Sonora, for US$ 600 million
Constellation Brands announced today an agreement to buy a brewery in Obregon, in the northern State of Sonora, for US$ 600 million from Grupo Modelo, the company announced in a press release. For Constellation's beer business the planned acquisition represents yet another step toward expanding i...
Mexican avocado producers resume strong shipments to U.S. market
The Avocado Producers and Exporting Packers Association of Mexico (APEAM) announced strong shipments to the U.S. market, as the Mexican avocado industry moves swiftly to resume normal operations after a temporary shipping delay caused by a work stoppage in Mexico earlier this month. Harvesting i...
Mexican authorities to harden rules for citrus and vegetables exports
Mexican authorities will harden rules and processes to export citrus and vegetables, especially for producers and buyers. Parties that do not comply with the new law could lose their export permits. Agricultural food safety regulations suffered several changes that will force the parties concerne...