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…]
Finance
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…]
NZ dairy firm Keytone Dairy lists on ASX
The company was founded by former Westland Dairy Co-op sales and marketing manager for Asia James Gong, who was born in China. Keystone Dairy Corporation, a major New Zealand manufacturer, packer and exporter of dairy and nutrition blended products has listed on the Australian Securities Exchange. Keytone commenced production of[Read More…]
Eatigo receives follow-on funding from TripAdvisor
This brings its total raise across all its investors to date to over $25 million. Bangkok and India-based online restaurant reservation platform Eatigo has raised a follow-on funding as part of its pre-Series C round from existing investor TripAdvisor. This brings its total raise across all its investors to date[Read More…]
Kirin, Mitsui to acquire stake in supplement firm
The two Japanese companies will own 40 percent each of New York-based Thorne through the investment expected to total over ¥5 billion each. Beverage group Kirin Holdings Co. and trading house Mitsui & Co. are planning to jointly acquire an 80 percent stake in Thorne Research Inc., a U.S. developer[Read More…]