The loan will enable Araz to expand its dry warehouse and open new stores in and around Baku, including in underserved areas The Asian Development Bank (ADB) and Araz Supermarket LLC, a member of the Veyseloglu group, have signed a financial package of up to $10.5 million to help the[Read More…]
Finance
Israel’s Phytolon secures investment from Rich Products Ventures
The funds will be used to further commercialise and scale Phytolon’s natural, precision-fermented food colourants Phytolon, an Israeli biotech/food tech startup that produces natural food colours using precision fermentation, recently secured an investment from Rich Products Ventures (RPV), the corporate venture capital fund of global, family-owned food company Rich Products (Rich’s), to help drive[Read More…]
Lakeview Farms expands into yoghurt category
Lakeview acquires the noosa yoghurt brand from Campbell Soup Company Lakeview Farms, a portfolio company of CapVest Partners LLP (CapVest) announced it has entered into a definitive agreement to acquire the noosa yoghurt brand from Campbell Soup Company. noosa is a leading manufacturer and marketer of premium whole-milk, Australian-style yoghurt[Read More…]
Kerry Group sells consumer dairy business to Kerry Co-Operative Creameries
Kerry Dairy Ireland consists of Dairy Consumer Products, with its leading range of well-loved brands across cheese, cheese snacks, dairy snacks Kerry Group announces that it has agreed with Kerry Co-Operative Creameries Limited to sell Kerry Dairy Holdings (Ireland) Limited (Kerry Dairy Ireland) to the Co-Op (the Disposal) for a[Read More…]
Thai Union to achieve $7Bn revenue and double earnings in six years
Strategy 2030 is pivotal to the Company’s vision of becoming the world’s leading marine health and nutrition company Thai Union Group PCL, announced Strategy 2030, its ambitious roadmap to achieve significant growth. This includes boosting net sales growth to $7.0 billion by 2030 from $3.9 billion in 2024, and increasing[Read More…]
ADB to help Maldives strengthen climate resilience, food security
The financing package comprises a $4 million concessional loan and a $17.95 million grant from the Asian Development Fund The Asian Development Bank (ADB) has approved a $21.95 million financing package to build Maldives’ capacity to combat the effects of climate change and ensure the sustainability of its food systems. [Read More…]
Reborn Coffee acquires 58% stake in South Korea’s Bbang Ssaem Bakery
The franchise model will allow Reborn Coffee to expand more rapidly across South Korea Reborn Coffee, a premier speciality coffee retailer announced the successful acquisition of a 58 per cent stake in Bbang Ssaem Bakery, a leading bakery chain with 31 locations across South Korea. This acquisition follows the previously[Read More…]
Corporación Multi Inversiones acquires Del Real Foods
The founders of Del Real Foods, the Cardenas family, and Palladium, will each own a minority equity stake in Del Real alongside CMI Corporación Multi Inversiones (CMI), a family-owned multilatina corporation with a 104-year legacy, more than 50,000 team members, and operations in 16 countries across Latin America and the United States, has entered into a definitive[Read More…]
Kilcoy Global Foods acquires Tyson Foods Australia’s Coominya operation
Kilcoy Global Foods plans to invest in the Coominya facility, now rebranded as Kilcoy Global Foods Coominya, in preparation for the next wave of growth Kilcoy Global Foods has officially acquired Tyson Foods Australia’s Coominya Operation, located just an hour’s drive from our Kilcoy facility. This operation is the primary[Read More…]
Big Idea Ventures announces six investments through GFIF II
This latest cohort includes groundbreaking startups from around the world focused on innovations ranging from fermentation-enabled fatty acids and protein-based flavours Big Idea Ventures (BIV), a global investment leader within the food-tech, agri-tech, and materials science sectors, announced six new company investments through the Global Food Innovation Fund II (GFIF[Read More…]
