This acquisition is highly complementary, combining the robust sales network, customer base, and solution development capabilities of Sonoco’s TFP business Japan’s TOPPAN Holdings has agreed with Sonoco Products Company (Sonoco), a global leader in high-value sustainable packaging, to acquire Sonoco’s Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion[Read More…]
Finance
Dutch dairy FrieslandCampina and Milcobel announce merger
The merger of FrieslandCampina and Milcobel will create one international, future-oriented organisation that can seize opportunities and address challenges more effectively in the global dairy market FrieslandCampina and Milcobel have announced their intention to merge. This joining of forces creates a leading dairy cooperative and dairy company. The merger provides[Read More…]
ADB, ECOM sign $100 Mn loan to enhance coffee value chain in APAC
The agreement will benefit more than 62,000 smallholder farmers in India, Indonesia, Papua New Guinea (PNG), and Viet Nam The Asian Development Bank (ADB) has signed a $100 million loan agreement with ECOM Agroindustrial Corporation Limited and ECOM Agroindustrial Asia Private Limited (ECOM) to enhance the climate resilience of the[Read More…]
AB Akola Group acquires Latvian company SIA Elagro
SIA Elagro Trade is a grain, seeds, plant protection products, and fertilisers business operating in Latvia SIA Linas Agro, an indirectly controlled company of AB Akola Group, has acquired 100 per cent of the shares of SIA Elagro Trade, a Latvian company, from Agrolats Holding AS and three natural persons. The[Read More…]
EU approves €155 million scheme for seafood processing in Denmark
This scheme aims to support large Danish fish-processing companies in implementing projects that reduce CO2 emissions The European Commission has approved a €155 million (DKK 1.1 billion) Danish scheme designed to promote green investments in the processing of fishery and aquaculture products, by EU State aid rules. This scheme aims[Read More…]
Vietnam’s e-commerce platform Kamereo secures $7.8Mn funding
The funds will be allocated to expanding operations in multiple cities across Vietnam KAMEREO INTERNATIONAL PTE. LTD. operates a B2B food supply e-commerce platform in Vietnam and has successfully raised $7.8 million in its Series B funding round. The funding came from notable investors, including Sumitomo Corporation, Inspire Co., Ltd.,[Read More…]
SHS Drinks expands portfolio with acquisition of Shandy Shack
This new partnership promises to step-change Shandy Shack’s already strong current growth, helping it to better reach the 40 per cent of adults seeking to moderate their alcohol consumption with balanced, enjoyable options SHS Drinks announced the acquisition of Shandy Shack, a pioneering brand in the mid-strength ABV beer space.[Read More…]
EDB reveals AED 1.12 billion in financing to cultivate UAE’s food security
EDB’s participation underscores its dedication to empowering agritech businesses and driving sustainable food production in line with the UAE’s National Food Security Strategy 2051 Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, concluded its successful participation at the third Abu Dhabi[Read More…]
TreeHouse Foods acquires Harris Tea
The acquisition includes Harris Tea’s manufacturing facilities in Moorestown, NJ and Marietta, GA TreeHouse Foods announced that it has signed a definitive agreement to acquire certain subsidiaries that operate the private brand tea business of Harris Freeman & Co, Inc., a leading private brand tea manufacturer in the U.S., for[Read More…]
Carlsberg completes acquisition of remaining shares in Carlsberg South Asia
The total purchase price for the acquired shareholdings in CSAPL and GBPL amounts to $ 744 million, of which approximately $ 50 million will be settled through a set-off Carlsberg has completed its acquisition of the remaining 33.33 per cent shareholding in Carlsberg South Asia Pte Ltd (CSAPL) from CSAPL[Read More…]
