The company’s strategy includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses while ensuring safety and food traceability Cargill renewed its long-standing commitment to Pakistan by announcing plans to invest more than US$200 million in the next three-to-five years. The announcement was made[Read More…]
Finance
Alchemy Foodtech raises S$2.5m in pre-series A funding
The start-up aims to partner food manufacturers in the region to create low-GI and hence healthier versions of their products SINGAPORE start-up Alchemy Foodtech has raised S$2.5 million in pre-series A funding, which will accelerate its development of lower glycemic index (GI) food staples and the commercialisation of proprietary functional ingredient[Read More…]
Nutritional High announces financial results for Q1 2019
The Company has significantly bolstered its management team with the appointment of Mr. Tom Siciliano as President, effective December 10, 2018 and Mr. Michael DiNapoli as Chief Financial Officer, effective January 1, 2019. Nutritional High International Inc. announces financial and business results and wishes to provide highlights and comments on[Read More…]
Ingredion invests $140 million to accelerate growth in plant-based proteins
Combined strategic investments accelerate production and expand portfolio of plant-based proteins, including pulse flours, concentrates and isolates Ingredion, a leading global provider of ingredient solutions to diversified industries, today announced several steps to accelerate the production of plant-based proteins globally. The combined $140 million of strategic investments will further position[Read More…]
Cola-cola Amatil generates $77M from property optimization
“We continue to consider and implement the review outcomes. These three transactions have delivered solid commercial outcomes and some excellent opportunities for our partners” Coca-Cola Amatil has announced completion of three major property transactions with combined sale proceeds of $77 million, resulting in one-off gains of approximately $50m for the[Read More…]
CJ Cheiljedang to buy US firm Schwan’s
The transaction will include 80 percent of Schwan’s Company and specific subsidiaries that focus on foods sold in retail and grocery channels and food-service venues. Schwan’s Company, a leading U.S. food business, has reached an agreement to sell a majority stake of the company to CJ CheilJedang (CJCJ), of Seoul,[Read More…]
4Fingers buys 50% stake in Mad Mex
As part of the partnership, 4Fingers will initially establish Mad Mex’s presence in South-east Asia and will open a number of outlets in Singapore and Malaysia in the next 12 months. Singapore fried chicken chain 4Fingers has announced that it has acquired 50 per cent stake in Australian Mexican eatery[Read More…]
Guzman y Gomez raises $44 M as it enters US market
TDM partner Tom Cowan, who is joing the GYG board along with Hilton Brett, said his investment firm was impressed by the passion the board and management have for the business as well as their focus on culture. Backed by Sydney investment company TDM Growth Partners, the Australian fast food[Read More…]
Chinova Bioworks closes seed financing round
The company announced the close of a seed round co-led by DSM Venturing BV and Rhapsody Venture Partners. Other investors in the financing round include AgFunder and Natural Products Canada. Chinova Bioworks, a supplier of an innovative mushroom-based natural preservative for food and beverages, has captured the interest of major[Read More…]
Sino Agro Food, Inc. Reports Q2 2018 Results
First quarter gross profits totaled USD 5.4M for Q2 compared to USD 6.5M during Q2 2017 and USD 6.1M during Q1 2018. Sino Agro Food, Inc., a specialized investment company focused on protein food including seafood and cattle announces results for the quarter ending June 30, 2018. Financials Revenue from[Read More…]
