The intended merger is now subject to regulatory approval Arla Foods and DMK Group announced that the cooperatives’ decision-making bodies have voted in favour of a planned merger. This marks a significant milestone in bringing together two companies with shared values and highly complementary strengths, setting the stage for a[Read More…]
Finance
Saudi Arabia’s Almarai to acquire Pure Beverages Industry
Pure Beverages, a prominent bottled water producer in Saudi Arabia Saudi dairy giant Almarai has signed an agreement to acquire 100 per cent of Pure Beverages Industry Co. for SR1.04 billion ($277 million). Pure Beverages, a prominent bottled water producer in Saudi Arabia, is recognised for its Ival and Oska[Read More…]
Cargill acquires full ownership of Teys Australia and Teys USA
Cargill will name a new CEO of Teys in due course and work closely with Brad Teys to ensure a seamless transition Teys Investments Pty Ltd and Cargill announced that a wholly owned subsidiary of Cargill has agreed to purchase all of the issued share capital of Teys Investments from[Read More…]
ADB, CGIAR and Gates Foundation partner to transform rice sector in Asia
Rice is essential to food security in Asia, supplying over a quarter of the region’s calorie intake, and half in Southeast Asia The Asian Development Bank (ADB) and CGIAR, with support from the Gates Foundation, launched a new initiative to boost investments in sustainable and low-carbon rice production to improve the lives[Read More…]
Wada FoodTech raises $5Mn to scale up hot-chain decentralised foodservice platform
The investment will fuel the expansion of its decentralised foodservice platform in Japan and other premium markets Wada FoodTech, a pioneering hot-chain decentralised foodservice platform, has secured $5 million in a Pre-A3 funding round, co-led by MindWorks ETEC Fund and Golden Resources Development International Limited (HKG:0677). This brings Wada FoodTech’s[Read More…]
Volare secures €26Mn to advance insect protein production in Europe
This milestone strengthens protein self-sufficiency and accelerates the shift toward sustainable, circular food production in Europe Finnish biotech company Volare announces the closing of a €26 million funding round to build Volare 01 – a facility set to become the most efficient protein production plant in the world, and to[Read More…]
SEDCO Holding and Bugshan Investment complete sale of Arabian Farms to Al Ain Farms Group
The company was also the UAE’s first and only producer of pasteurised eggs, and the first mover in the nutrition-enriched table egg category in Saudi Arabia SEDCO Holding, a leading Saudi investor, and Bugshan Investment, the investment arm of the Bugshan family office, announced the completion of the sale of[Read More…]
Government commits $1Mn to future casino beef week events in Australia
The new funding is expected to enhance the event’s reach, attract greater national and international interest, and deliver lasting economic benefits to the region As thousands flock to the Northern Rivers for this year’s iconic Casino Beef Week, the Albanese Government has announced a major funding boost for the beloved[Read More…]
NZ Government commits $4.95 Bn to boost food and fibre sector
The food and fibre sector is expected to contribute $56.9 billion to our economy this year alone Agriculture Minister Todd McClay has announced that the New Zealand Government will allocate $4.95 billion over the next four years to maintain core funding for the Ministry for Primary Industries (MPI). “The food[Read More…]
PepsiCo completes acquisition of poppi
This acquisition marks a significant step in PepsiCo’s ongoing transformation of its portfolio PepsiCo announced that it has closed the acquisition of poppi for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes a performance-based earnout contingent on achieving certain performance[Read More…]
