Gladstone Land has agreed to acquire an almond orchard in Fresno County, California totaling 197 acres for $6.5 million. The announcement comes only one month after the real estate investment trust (REIT) announced it had acquired two large-scale almond orchards in Stanislaus County, California totaling a combined 2,485 acres for $23.4 million in cash and […]
Dubai-based private equity firm, Abraaj Group announced the acquisition of a minority stake in sub-Saharan urea fertilizer manufacturer, Indorama Fertilizers for an undisclosed amount. The stake was purchased by Abraaj through an unspecified fund from Indorama Holdings BV Netherlands, a wholly owned subsidiary of Indorama Corporation, a major petrochemical company with operations in Africa, Asia, […]
Capital régional et coopératif Desjardins (CRCD) announced at the International Summit of Cooperatives that it has made investments in two Québec-based agricultural co-operatives – Citadelle Maple Syrup Producers’ Cooperative and Unicoop. With support from the Essor et Coopération fund, the combined investments totaled C$9 million, with C$6.5 million being committed to Citadelle and C$2.5 million committed […]
Dole Food Company announced it has acquired TucFrut Farms and packing facilities located in Molina and Linares, Chile for an undisclosed amount. The property which is located 140 miles south of Santiago, consists of five farms spanning 1,000 hectares (2,400 acres). Of this acreage, 660 hectares (1,631 acres) is planted in apples, blueberries, and kiwifruit, […]
Tyson Foods, the company whose very name is synonymous with the meat industry, is the first key meat company to invest in a meat alternative startup that is aiming to reduce meat production and consumption with plant-based alternatives. Tyson announced on October 10 that it has acquired a five percent stake in California-based plant-based protein […]
When it comes to the long, drawn-out prospective sale of Australia’s S. Kidman cattle empire, it feels like a scenario of ‘the music goes on but the song remains the same’. However, the tide may be turning in light of the newest bid for the largest landholder in Australia. In the latest development, Gina Rinehart, […]
Private equity firm, Grey Mountain Partners has acquired Illinois-based Mediterranean food manufacturer and distributor, Kronos Foods, through its third fund for an undisclosed amount. Founded in 1975 by Greek immigrant, Chris Tomaras, Kronos has grown over the years to become one of the largest Mediterranean food companies in the U.S. with sales of nearly $130 […]
The Bridges Sustainable Growth Fund III (SGF III) managed by London-based Bridges Ventures, has invested £5.6 million (US$7 million) to acquire a majority stake in Vegetarian Express (VE) – a specialty supplier of plant-based foods and ingredients to the food service industry. This marks the ninth investment for SGF III and its second in the […]
The Houston Municipal Employees Pension System (HMEPS) has committed $20 million to Tillridge Global Agribusiness Partners II. Tillridge Global Agribusiness Partners is an agribusiness private equity firm and an affiliate of NGP Energy Capital Management. NGP Energy Capital was founded in 1988 in Irving Texas and Tillridge began investing in 2012 through an allocation within the private equity […]
Singapore’s Wilmar International announced the formation of Raizen and Wilmar Sugar Pte Ltd. (RAW), a new 50:50 joint venture launched in partnership between Raizen Energia S.A., Brazil’s top sugar and ethanol producer, and Wilmar Sugar Pte Ltd., a subsidiary of Wilmar International. Once operational, RAW will be one of the top sugar exporters in Brazil, […]
