NEWS & ANALYSIS

NEWS OF INDUSTRY
Cargill forms two joint ventures
Cargill Incorporated, Minneapolis, Minn., formed a joint venture with The Hudson Companies of Troy, Ala., to acquire the assets and business of Fontina Foods, Inc., Port St. Lucie, Fla. Fontina Foods’ founder, Michael Buscaino, will serve as General Manager of the joint venture.

In a separate transaction, Cargill and Florida-based SunPure signed a letter of intent to form a joint venture to combine their North American citrus processing businesses…