To establish two cutting-edge AgTech initiatives in Al Ain Industrial City focused on sustainable farming and local food production Silal, Abu Dhabi’s leading agri-food and technology company, has signed a Musataha agreement with KEZAD Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic[Read More…]
Company News
Paine Schwartz acquires Promix nutrition and supplements brand
This strategic acquisition of Promix aligns with Paine Schwartz’s Health and Wellness core investment theme Paine Schwartz Partners, a global leader in sustainable food chain investing, announced that Paine Schwartz Food Chain Fund VI has successfully acquired Promix LLC, a high-growth brand of high-quality protein mixes, nutritional supplements, vitamins, and[Read More…]
Valante Capital, through Ascend Fund II, acquires stake in American Foods
IDC Network’s Private Equity vertical establishes a strategic partnership with a leading US consumer goods distributor, expanding its reach to over 25 countries Valante Capital, the Private Equity arm of IDC Network—a multi-platform asset manager with $2.2 billion in assets under management announced the acquisition of a significant stake in American Foods,[Read More…]
Westfalia Fruit introduces laser etching on mangoes in Netherlands
The laser project was a collaboration between Westfalia’s capabilities in The Netherlands and Germany to ensure the fruit’s quality and shelf life were preserved Westfalia Fruit announces the launch of laser etching on mangoes. Driven by its Netherlands-based operations, this initiative eliminates the need for individual plastic PLU stickers. After[Read More…]
Mengniu driving development of innovative HMO nutritional ingredients
Mengniu emerge as a pioneer in developing nutritional ingredients, particularly through groundbreaking advancements in HMO technology In August 2024, Synaura Biotechnology a subsidiary of China Mengniu Dairy Company Limited, received GRAS certification from the U.S. Food and Drug Administration (FDA) for its 2′-FL (2′-Fucosyllactose), making it the first and only[Read More…]
Americana and Farm Frites to expand MENA footprint with $100Mn investment
The $100 million investment is a strategic step aligned with the Saudi Vision 2030 plans to diversify the Kingdom’s economy The Agricultural Growth and Processing Company, a subsidiary of Americana Holding for Food Ltd, is set to expand its business operation with a significant $100 million investment (SAR 375 million) in a Greenfield Frozen[Read More…]
Coca-Cola Europacific Partners announces £42.3Mn investment in Wakefield
This funding aims to improve the site’s storage capabilities by constructing a new Automated Storage Retrieval System (ASRS) warehouse Coca-Cola Europacific Partners (CCEP), the world’s largest independent bottler of Coca-Cola, has announced plans for a £42.3 million investment in its manufacturing facility in Wakefield, West Yorkshire. This funding aims to[Read More…]
JBS and Nigeria sign agreement to invest in food security
A $2.5 billion 5-year investment plan includes the construction of 6 factories and collaboration with the Nigerian government to promote local production JBS, one of the largest food companies in the world, signed a memorandum of understanding with the Nigerian government to invest in the development of sustainable production chains[Read More…]
UAE’s Silal and Shouguang Vegetable announce strategic partnership
The partnership aims to foster innovation, boost production efficiency, and enhance the UAE’s agricultural product supply capacity Silal, Abu Dhabi’s leading agri-food and technology company, has partnered with Shouguang Vegetable Industry Group, a prominent Chinese enterprise specialising in vegetable seed breeding and counter-seasonal vegetable production. The partnership aims to foster[Read More…]
Duncan Makeig elected new Foodbank Australia chair
Makeig brings a wealth of experience in legal and corporate governance from his 30-year management career working across various senior leadership positions in Australia and the United States Duncan Makeig, the former Managing Director of Lion Asia Dairy, has been elected unopposed as the Chair of the Board for Foodbank[Read More…]
