Olam Holdings has successfully completed the annual refinancing of its European revolving credit facility aggregating US$375 million Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to 17,300 customers worldwide Leading global food and agri-business, Olam International Limited (“Olam’’) announced today that its wholly owned[Read More…]
Finance
Dairy firm Fonterra approves sale of two joint venture farms in China
The sale of the JV farms is unconditional and requires no further regulatory approvals New Zealand-based Fonterra has agreed to the sale of its two joint venture farms in China. The farms in Shandong province will be sold to Singapore-based AustAsia Investment Holdings for $115.5 million. Fonterra, which owns the[Read More…]
Japan’s alternative meat venture sell out stock of NEXT Yakiniku
Next Meats sell out their stock of the world’s first plant based Japanese barbecue meats, the NEXT Yakiniku Short-Ribs. Next Meats, an alternative meat venture from Tokyo that launched their E-Commerce sho in the U.S., has just sold out their stock of the world’s first plant based Japanese barbecue meats, the NEXT Yakiniku[Read More…]
Israel based Better Juice Raises $8 Million in Seed Funding
Better Juice will use the investment to build its first full-scale manufacturing plant Better Juice, Ltd., the first company to reduce all sugars from natural juices, announces it has raised US$8M in seed-round investment. This new influx of support was led by iAngels, Israel and includes investors: Maverick Ventures, Israel;[Read More…]
Taiwanese cloud kitchen startup 3 Square raises-seed funding
3 SQUARE is preparing for the next round of fundraising to accelerate an expansion of 300 brands in the 3 SQUARE ecosystems across Southeast and North Asia 3 SQUARE – a digital foodhall network and virtual restaurant group – has announced that it has successfully raised an oversubscribed seed round[Read More…]
China’s leading dairy operator completes a HKD5 billion listing
Youran’s IPO offering size totaled approximately HKD5.0 billion giving Youran a total market value of HKD26.5 billion (US$3.4 billion) upon listing in hong kong China Youran Dairy Group Limited, China’s largest integrated upstream dairy player by revenue, debuted on the Hong Kong Stock Exchange on Friday, June 18, 2021. Youran’s IPO offering size[Read More…]
Chairperson of Harvest Capital Alan Song on successful entrepreneurs
Eastroc Beverage recently marked a major milestone and entered a new and exciting chapter with its successful initial public offering. Eastroc Beverage (Group) Co., Ltd., a China-based company principally engaged in the R&D, production and sales of beverages, recently marked a major milestone and entered a new and exciting chapter with[Read More…]
Reckitt Benckiser sells child nutrition biz in China to Primavera Capital
Following the transaction, Primavera will have a royalty-free perpetual and exclusive license of the Mead Johnson brand in Greater China Primavera Capital Group has signed a definitive agreement with Reckitt Benckiser Group plc, a world’s leading consumer health, nutrition, and hygiene company, to acquire the Greater China business of Mead Johnson Nutrition[Read More…]
Nestle invests $220M in Indonesian beverage plant
To produce Bear Brand liquid milk and ready-to-drink beverages Nestlé has broken ground on the construction of a new factory in Batang, Indonesia. The factory will create about 200 new jobs in the Central Java province and will produce Bear Brand liquid milk and ready-to-drink beverages, Milo and Nescafé, to fulfill growing consumer demand. It[Read More…]
Lamb Weston Holdings invests $250 M in french fry processing Facility in China
The facility is expected to add approximately 280 full-time positions US based Lamb Weston Holdings, Inc. has announced an expansion of french fry processing capacity in China and the declaration of its quarterly dividend. “The french fry category is poised for growth globally, and China continues to be a critical[Read More…]
