The proposed acquisition demonstrates Lallemand’s ongoing commitment to the Southern African region Lallemand Inc (through its South African affiliate, Rymco Pty Ltd, trading as Anchor Yeast) has agreed to buy the Marmite and Bovril black spreads and Savoury Food Ingredients business unit from PepsiCo South Africa. The transaction is expected[Read More…]
Finance
FAO and EU sign 47 million euro programme to enhance food security in Eastern Africa
The programme is expected to directly benefit more than 100,000 households across Ethiopia, Kenya, Somalia, South Sudan, Sudan, Tanzania, and Uganda The Food and Agriculture Organization of the United Nations (FAO) and the European Union (EU) have signed a four-year 47 million euro programme designed to strengthen the resilience of[Read More…]
ICL expands plant nutrition footprint in North America
The Second Growing Solutions acquisition this year adds local crop nutrition capabilities in US ICL, a leading global speciality minerals company, announced it has acquired Custom Ag Formulators (CAF), a North American provider of customised agriculture formulations and products for growers, for approximately $60 million. CAF offers a diverse assortment[Read More…]
Ferrero-related company to acquire Nonni’s Bakery
Nonni’s Bakery has leveraged its premium biscotti expertise rooted in its Italian heritage to become a leading biscotti company in the US A Ferrero-related company, CTH Invest SA, announced that it has agreed to acquire Nonni’s Bakery from Vestar Capital Partners, a leading U.S. middle-market private equity firm. Founded in[Read More…]
Podravka and Fortenova group sign agreement for acquisition of Belje, PIK Vinkovci and Vupik
The transaction is valued at 333 million euros and Podravka will finance this acquisition through loans from commercial banks Following the successful conclusion of negotiations, Podravka and Fortenova group signed a sale and purchase agreement for the purchase of Fortenova group’s agricultural segment, which includes Belje, PIK Vinkovci, Vupik, Energija[Read More…]
Ireland launches £46million scheme to support agri-food and drink processors
The capital investment will assist companies in adopting greener technologies, aligning with our net-zero targets. Importantly, it also aims to boost the sector’s productivity Conor Murphy, Economy Minister of Ireland has announced the launch of a £46 million Agri-Food Investment Initiative to support local agri-food and drink processors. The initiative,[Read More…]
BranchOut Food announces $3.925Mn CEO-led investment
The capital will be used to complete the build-out of the Company’s large-scale production facility in Peru BranchOut Food, a leading food technology company specialising in dehydrated fruit and vegetable-based products, announced the closing of a $525,000 investment in the company led by its CEO, Eric Healy, who invested $400,000,[Read More…]
Pernod Ricard to sell international strategic wine brand to Australian Wine Holdco
Pernod Ricard will sell its wine division to a player of global scale, with a route to market solely dedicated to the wine industry Pernod Ricard (Paris: RI) announced the signing of an agreement to sell its international strategic wine brands to Australian Wine Holdco Limited (AWL), a consortium of[Read More…]
Coca-Cola HBC secures $130Mn loan to boost investment in Egypt
The loan will be complemented by a grant of $750,000 from the Global Environment Facility (GEF) to promote the implementation of advanced wastewater treatment technology and water management systems in Egypt Coca-Cola HBC announced that it has obtained a loan worth $130 million from the European Bank for Reconstruction and[Read More…]
Jayson Woodbridge acquires Madrigal Winery facility
This acquisition marks the third significant expansion in the last four years for Fortunate Son Wines Jayson Woodbridge, founder and owner of Hundred Acre Wine Group, has acquired Napa Valley’s historic Madrigal Winery. The vineyard and winery will serve Fortunate Son Wines, the newest wine project from the critically acclaimed winemaker. This acquisition marks the third[Read More…]
