This new partnership promises to step-change Shandy Shack’s already strong current growth, helping it to better reach the 40 per cent of adults seeking to moderate their alcohol consumption with balanced, enjoyable options SHS Drinks announced the acquisition of Shandy Shack, a pioneering brand in the mid-strength ABV beer space.[Read More…]
Finance
EDB reveals AED 1.12 billion in financing to cultivate UAE’s food security
EDB’s participation underscores its dedication to empowering agritech businesses and driving sustainable food production in line with the UAE’s National Food Security Strategy 2051 Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, concluded its successful participation at the third Abu Dhabi[Read More…]
TreeHouse Foods acquires Harris Tea
The acquisition includes Harris Tea’s manufacturing facilities in Moorestown, NJ and Marietta, GA TreeHouse Foods announced that it has signed a definitive agreement to acquire certain subsidiaries that operate the private brand tea business of Harris Freeman & Co, Inc., a leading private brand tea manufacturer in the U.S., for[Read More…]
Carlsberg completes acquisition of remaining shares in Carlsberg South Asia
The total purchase price for the acquired shareholdings in CSAPL and GBPL amounts to $ 744 million, of which approximately $ 50 million will be settled through a set-off Carlsberg has completed its acquisition of the remaining 33.33 per cent shareholding in Carlsberg South Asia Pte Ltd (CSAPL) from CSAPL[Read More…]
EBRD supports expansion of Mongolia’s APU Dairy
As part of the project, APU Dairy will work to improve the climate change resilience of more than 1,700 local farmers who are supplying raw milk to the company The European Bank for Reconstruction and Development (EBRD) is supporting the development of Mongolia’s agribusiness sector, which employs almost one-third of the[Read More…]
ADB, APU Dairy sign $20 Mn loan to strengthen Mongolia’s dairy sector
The project will boost Mongolia’s dairy supply and strengthen its food security through domestic milk sourcing and domestic processing of dairy products The Asian Development Bank (ADB) and APU Dairy LLC have signed a $20 million (equivalent in Mongolian togrog) loan to support nomadic herders by integrating them into the[Read More…]
Unilever completes £40Mn investment in UK food factory
This investment follows the completion of a second state-of-the-art factory and enhancements in digital capabilities To support the growth of Unilever’s food business in the UK, a £40 million investment has doubled the total output at Unilever’s Burton food factory over the past three years. This investment follows the completion[Read More…]
Paine Schwartz acquires Promix nutrition and supplements brand
This strategic acquisition of Promix aligns with Paine Schwartz’s Health and Wellness core investment theme Paine Schwartz Partners, a global leader in sustainable food chain investing, announced that Paine Schwartz Food Chain Fund VI has successfully acquired Promix LLC, a high-growth brand of high-quality protein mixes, nutritional supplements, vitamins, and[Read More…]
Valante Capital, through Ascend Fund II, acquires stake in American Foods
IDC Network’s Private Equity vertical establishes a strategic partnership with a leading US consumer goods distributor, expanding its reach to over 25 countries Valante Capital, the Private Equity arm of IDC Network—a multi-platform asset manager with $2.2 billion in assets under management announced the acquisition of a significant stake in American Foods,[Read More…]
BRF acquires processed foods plant in China
The new production unit is scheduled to begin operations under BRF management in the first quarter of 2025 BRF, one of the largest food companies in the world and owner of Sadia, Perdigão and Qualy brands, announces the acquisition of a modern processed foods plant in Henan province, China. The[Read More…]
