NEWS 16 FEED & ADDITIVE MAGAZINE April 2022 The tenth annual Business Benchmark on Farm Animal Welfare (BBFAW) report, released on March 16, reveals that while companies continue to invest in animal welfare, they are too slow in delivering meaningful welfare impacts on the ground. BBFAW – the leading global measure of policy commitment, performance and disclosure on animal welfare in food companies – is supported by founding partner, Compassion in World Farming and supporting partner, FOUR PAWS and is designed to help drive higher farm animal welfare standards in the world’s leading food businesses and provide a benchmark to inform investor choices. The 2021 report reveals that of the 150 compaCompanies must move faster to deliver meaningful farm animal welfare impacts According to the recently released 10th annual BBFAW report, four out of five companies have farm animal welfare policies in place, but the food industry must move faster to deliver meaningful welfare impacts. Cargill to acquire shares of leading Chilean salmon producer Multi X Multiexport Foods S.A., a pioneer and leader of salmon farming in Chile, announced that Cargill, the global food and agriculture company, agreed to purchase 24.5% of the shares of Salmones Multiexport S.A. (Multi X), the subsidiary of Multiexport Foods S.A. In turn, Mitsui, a shareholder of Multi X since 2015, will increase its shareholding by 1.13%, to 24.5%. Multiexport Foods S.A. maintains control of Multi X with 51% of the total shares. The transaction is subject to certain regulatory approvals and the fulfillment of conditions agreed by the parties. “Adding Cargill as a new partner of Multi X will be a strategic and decisive step in the next stage of development of the company and its purpose to win over the world's consumers with high-quality, value-added, sustainable products sold under our brands ‘Multi X’, ‘Arka’ and ‘Latitude 45’,” said José Ramón Gutiérrez, Chairman of Multiexport Foods S.A. “At Cargill, we seek to be a differentiated leader in the seafood industry, combining innovation with operational excellence to enable greater affordability and integrity of supply chains for our customers and consumers,” said Tim Noonan, managing director for Cargill’s seafood business. “This partnership is an important next step in the development of our seafood strategy and will leverage our capabilities across the value chain, including consumer insights, culinary innovation, value-added processing know-how, risk management, and fish nutrition and health solutions. As a result, we hope to provide more customers and consumers with access to Multi X’s high-quality portfolio of private label and branded salmon products.” Cargill, a leader in the global food industry, will acquire 24.5% of the shares of Salmones Multiexport S.A., a pioneer of salmon farming in Chile.
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