Innovative Industrial Properties (IIP), a newly formed, San Diego-based real estate investment trust (REIT) focused on building a portfolio of medical marijuana grow facilities, has filed with the Securities and Exchange Commission (SEC) for a $175 million initial public offering (IPO). Founded this year by Alan Gold, founder of Biomed Realty Trust which has subsequently […]
Just when we thought the 18-month long battle for the S. Kidman cattle empire was coming to a close, another surprise comes out of Australia. It was only weeks ago that Gina Rinehart, Australia’s richest woman who gained the bulk of her wealth in the country’s mining boom, announced she had partnered with China’s Shanghai CRED to […]
Deals in the savory snack sector continue on both sides of the Atlantic this week. Concurrent to the formation of a European snack giant through the £225 million merger of UK-based Kolak Snack Foods and France’s Europe Snacks, U.S.-based private equity firm Metropoulos & Co. announced an investment of $146 million in the largest independent […]
As part of its strategy to expand into the Chinese market, Philippine fruit and vegetable company, AgriNurture Inc. has acquired a 49 percent stake in Chinese commodity trading company, Zongshan Fucang Trade Co. Ltd. (Fucang) for US$6.3 million. Located in Guangdong Province, Fucang imports rice and fruit into China from Southeast Asia and exports spices […]
UK-based Kolak Snack Foods and France’s Europe Snacks have announced the merging of their companies through a £225 million (US$276 million) deal, resulting in one of the largest private label savory snack companies in Europe. The two companies, which both produce their own branded savory snacks in their respective markets, will combine their product portfolios […]
BRF SA, the largest Brazilian processed food company, announced plans to invest $20 million in China’s COFCO Meat Holdings Ltd., a subsidiary of COFCO Corp, through COFCO Meat’s planned initial public offering (IPO) for November 1 on the Hong Kong Stock Exchange. Backed by U.S. private equity firm, KKR & Co., Boyu Capital, and Singapore […]
Ireland-based meat, animal nutrition, and renewables giant, ABP Food Group, has expanded in Poland with the acquisition of its third production facility in the country. The acquisition follows ABP’s acquisition of its first plant in Pniewy, Poland in 2011, and its 2013 purchase of its second facility in Klosowice in 2013. As Ireland’s largest beef […]
Canadian dairy co-operative Gay Lea and value-added dairy processor and supplier Vitalus have announced a joint venture for the processing of dairy products and butter in Winnipeg, Manitoba. Under the joint venture between the Ontario-based co-op and British Columbia-based processor, the partners plan to upgrade an unnamed, existing processing plant in Winnipeg with the goal […]
U.S.-based, India-focused private equity firm Zephyr Peacock announced an early stage investment in potato seed company Utkal Tubers India Pvt. Ltd. Noting a disparity in supply and demand for some key commodities, Pankaj Raina, vice president with Zephyr, states that the investment reflects Zephyr Peacock’s strategic plan to build a portfolio of food and beverage […]
Constellation Brands Inc. announced it has reached an agreement to sell its Canadian wine business to Canada’s Ontario Teachers’ Pension Plan for C$1.03 billion (US$780 million). The sale is part of the group’s shift in strategy toward focusing on beer and premium drinks, two segments that offer higher margins and greater potential for growth – […]
