The loan is financed by IFC along with the Private Sector Window of GAFSP, the Global Agriculture Food and Security Program Nimai, a leading corporate finance and transaction advisory firm, has successfully facilitated a complex transaction between the International Finance Corporation (IFC) and Kadat Food and Beverages (SL) Limited. This[Read More…]
Finance
Pernod Ricard acquires stake in Almave
Pernod Ricard will bring their strong experience in brand building and global distribution to help scale this first-of-its-kind product to several markets throughout the world Pernod Ricard announces the acquisition of a minority stake in Almave, a Super Premium non-alc blue agave-based spirit brand, co-founded by Seven-Time Formula One World Champion,[Read More…]
Musim Mas signs sustainability-linked loan with Rabobank and HSBC Bank
The Sustainability-Linked Loan will be based on three KPIs: RSPO certification of independent smallholders, training of independent smallholders, and maintaining a deforestation-free palm oil supply chain Musim Mas announced its inaugural Sustainability-Linked Revolving Credit Facility, marking a significant step in its commitment to sustainable business practices. Partnering with Rabobank as[Read More…]
Mars to acquire Kellanova
Kellanova shareholders to receive $83.50 per share in cash Mars, Incorporated, a family-owned, global leader in pet care, snacking and food, and Kellanova, a leading company in global snacking, international cereal and noodles, North American plant-based foods and frozen breakfast foods, announced that they have entered into a definitive agreement[Read More…]
Kuwaiti allocates $591Mn to food support
Additionally, 6.927 million dinars have been earmarked for milk and baby food, representing 3.8 per cent of the support The Ministry of Commerce and Industry has allocated a significant amount of 181 million ($591 million) Kuwaiti dinars to support essential food. This support is divided into key categories, including 67[Read More…]
Coca-Cola Europacific Partners invests $105.5Mn in Australian plant
The investment will be the biggest single investment ever made in the company’s Australian manufacturing network to deliver more beverages with greater efficiency to more customers Coca-Cola Europacific Partners (CCEP) has announced plans to invest an additional $105.5 million for a new Warmfill Line at the Moorabbin plant in Victoria,[Read More…]
L Catterton invests in China’s plant-based drinks brand Viee
Partnership leveraging L Catterton’s operating know-how will help entrench Viee’s leading position in Sichuan and Chongqing and facilitate expansion in nearby provinces L Catterton, a leading global consumer-focused investment firm, announced that it has made a strategic investment in Viee, a beverage company with an eponymous brand of plant-based drinks most frequently consumed alongside spicy cuisines[Read More…]
DKSH extends life science business in Portugal by acquiring Euroingredientes
Euroingredientes represents a portfolio of around 30 suppliers and offers a great opportunity for DKSH to further expand its life science business in Europe Through the acquisition of Euroingredientes, DKSH Performance Materials secures a well-established business with more than 20 years of experience as a reliable supplier, offering a unique[Read More…]
Natural Ventures announces close of $100Mn fund to address food and water security
Natural Ventures, a venture capital fund with offices in the UAE and the Netherlands, completed the first close to focus on global food and water security Natural Ventures, an impact-focused venture capital fund that addresses global food and water security announced the first close of its inaugural fund. Natural Ventures[Read More…]
PepsiCo South Africa to sell Marmite, Bovril and Savoury Food Ingredients business
The proposed acquisition demonstrates Lallemand’s ongoing commitment to the Southern African region Lallemand Inc (through its South African affiliate, Rymco Pty Ltd, trading as Anchor Yeast) has agreed to buy the Marmite and Bovril black spreads and Savoury Food Ingredients business unit from PepsiCo South Africa. The transaction is expected[Read More…]
