The transaction will be done via full merger of Enzymotec into a subsidiary of Frutarom. Frutarom will acquire full ownership of Enzymotec, Israel, at a net investment of approx. $ 210 million. As of the date of signing, Frutarom held approx. 19% of Enzymotec’s shares at an average price of[Read More…]
Finance
IFC likely to invest in organic food firm Agrex
Agrex will use the funds for setting up greenfield processing facilities in Sri Lanka, Uganda, Ethiopia and Philippines. International Finance Corporation, the private-sector investment arm of the World Bank, is planning to invest up to $25 million (around Rs 160.7 crore) in Dubai-based organic food company Agrex Ltd. Agrex will[Read More…]
IFC plans $25 M investment in Jiahe Foods
Jiahe Foods is planning to invest in upgrading its non-dairy creamer production lines and setting up an R&D centre, a freeze-dry coffee facility and a modern warehouse. The International Finance Corporation, the private lending arm of the World Bank, is considering an equity investment of $25 million in China’s Suzhou[Read More…]
Conagra nears a deal to buy Angie’s Artisan Treats
The potential deal would continue Conagra’s efforts to bolster its portfolio of branded food. Orville Redenbacher’s Popcorn owner Conagra Brands is nearing a deal to buy Angie’s Artisan treats, maker of Angie’s Boomchickapop popcorn. The potential deal comes as sales of big food companies have slowed with their staples replaced[Read More…]
China to make food investment in Dubai
The strategic agreement will consolidate China’s stake in the burgeoning Middle East food industry and expand bilateral relations further. Dubai Food Park (DFP), the region’s largest specialised zone dedicated to serving the rapidly growing food sector, has signed a deal with China’s Ningxia Forward Fund Management Company to build a[Read More…]
Frutarom acquires Swiss company Mühlehof Gewürze for USD 7 million
The acquisition will strengthen Frutarom’s leadership in Switzerland allowing continued expansion and generating and exploiting synergies in the areas of R&D and sales. Frutarom Industries continues its momentum of acquisitions with the purchase of 100 percent of the shares of the Swiss company for approximately US $7 million. The acquisition[Read More…]
Ajinomoto fully acquires Kükre Gıda Inc.
Making Kükre A.Ş. a wholly owned subsidiary will enable the Ajinomoto Group to act as a comprehensive food manufacturer in Turkey Ajinomoto acquired an additional 50 per cent of the stock of Kükre A.Ş., a food company in Turkey, for approximately 181 million Turkish Lira (TRY) and made it a[Read More…]
CP Foods H1 profits up despite livestock pressure
CP Foods booked a 10.5 per cent rise in revenue to THB245.59 billion. Charoen Pokphand Foods, the Thailand-based meat and seafood group, saw its earnings in the first half of the year rise despite a sharp fall in segment profits from its livestock division. The company posted profit for the[Read More…]
Neo Group reports losses in 1QFY18
It is due to operational improvements in the food manufacturing business. Neo Group reported losses of $0.65m in 1QFY18, which is significantly lower than last year’s $2.5m loss for the same period. The reduced losses were attributed to better cost control and a turnaround at the food manufacturing business, according[Read More…]
Acquisition of Daiya Foods by Otsuka for 405 million Canadian dollars
Acquisition furthers shared goals of establishing a global plant-based food platform delivering better health around the world. Otsuka Pharmaceuticals Co. Ltd., which offers brands such as Nature Made vitamins and Soyjoy nutrition bars and operates worldwide including countries like the United States and Canada has entered into a definitive agreement[Read More…]
