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…]
Mergers & Acquisition
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…]
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…]
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…]
Kemin Industries acquires Bactana research-driven company
This strategic investment by Kemin Nutrisurance: Pet Food and Rendering Technologies underscores Kemin’s commitment to scientific innovation and the continuous expansion of its expertise in gut health Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 per cent of the[Read More…]
UAE’s Agthia Group completes Riviere acquisition
The acquisition is expected to be immediately earnings accretive and result in an approximately 6.5 per cent increase to the Group’s Water & Food segment revenues UAE based, Agthia Group PJSC one of the region’s leading food and beverage companies, has completed its 100 per cent acquisition of Riviere Mineral[Read More…]
Pluri acquires Kokomodo to advance cultivated cacao production
The collaboration is expected to accelerate production scale-up, global market entry, and product innovation in sustainable cacao ingredients Pluri announced it has completed the strategic acquisition of a 71 per cent equity stake in Kokomodo Ltd., a cultivated cacao AgFoodTech company, for $4.5 million in Pluri common shares. The deal[Read More…]
Huhtamaki acquires Zellwin Farms Company
The transaction will benefit Huhtamaki with additional capacity and capabilities in moulded fibre packaging Huhtamaki has acquired Zellwin Farms, a privately owned business located in Zellwood, Florida, in the United States. The $18 million enterprise value transaction will support Huhtamaki’s growth within the moulded fibre industry, specifically for egg cartons[Read More…]
Baldor Specialty Foods acquires premium meat company Golden Packing
This venture will enable Baldor to provide an increased selection of center-of-plate proteins to its 14,000+ customer base Baldor Speciality Foods announced that it has acquired premium meat company Golden Packing to enhance its meat offerings. Baldor, the leading premium food distributor in the Northeast and Mid-Atlantic region, will take over[Read More…]
