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…]
Finance
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…]
FAO and EU sign 47 million euro programme to enhance food security in Eastern Africa
The programme is expected to directly benefit more than 100,000 households across Ethiopia, Kenya, Somalia, South Sudan, Sudan, Tanzania, and Uganda The Food and Agriculture Organization of the United Nations (FAO) and the European Union (EU) have signed a four-year 47 million euro programme designed to strengthen the resilience of[Read More…]
ICL expands plant nutrition footprint in North America
The Second Growing Solutions acquisition this year adds local crop nutrition capabilities in US ICL, a leading global speciality minerals company, announced it has acquired Custom Ag Formulators (CAF), a North American provider of customised agriculture formulations and products for growers, for approximately $60 million. CAF offers a diverse assortment[Read More…]
Ferrero-related company to acquire Nonni’s Bakery
Nonni’s Bakery has leveraged its premium biscotti expertise rooted in its Italian heritage to become a leading biscotti company in the US A Ferrero-related company, CTH Invest SA, announced that it has agreed to acquire Nonni’s Bakery from Vestar Capital Partners, a leading U.S. middle-market private equity firm. Founded in[Read More…]
