North Bridge Venture Partners and Mr. Agustin Coppel have co-anchored an additional $9 million follow-on investment in Cool Planet following a previous $9 million round filed with the SEC on January 28. Founded in 2009 in Colorado, Cool Planet began as a biofuel producer but is now commercializing Cool Terra, an Engineered Biocarbon ™ product that […]
The European Bank for Reconstruction and Development (EBRD) is committing €2.5 million to Maïsadour Maroc and Maïsadour AgriMaroc, two subsidiaries of the major French agricultural co-operative, Groupe Coopératif Maïsadour. The funding will be used to help expand fruit and vegetable production, particularly in the southern region Souss-Massa. “Morocco’s favourable [sic] climate conditions and its proximity to […]
Boparan Private Office, the private investment vehicle of Ranjit Singh Boparan and owner of the 2 Sisters Food Group, has agreed to acquire Europe’s biggest turkey producer, Bernard Matthews in a pre-packaged administration deal for an undisclosed amount. After growing into a company that encompasses more than 50 farms and that raises and produces more […]
B&G Foods, whose brands include Green Giant, B&M and Ortega, announced that it is expanding its portfolio into a new category through an agreement to acquire the spice and seasoning business of ACH Food Companies Inc. for $365 million in cash. The deal will include the leading spice brands, Spice Island, Tone, and Durkee, as […]
Frances’s Vicampro Farm is partnering with the Nigerian state government of Kaduna in a joint venture to construct a $120 million potato and rice processing plant, according to an announcement made by Dr. Daniel Manzo Maigari, Kaduna State Commissioner of Agriculture and Forestry at a joint press conference with members of the Vicampro management team […]
Innovative, organic cottage cheese startup, good culture® has closed on a $3 million round of funding led by existing investors, CAVU Venture Partners and 301 Inc., and including a new investment from the Eisner family through company chairman, Anders Eisner. Tapping into the ‘better for you’ snack category, and looking to disrupt the cottage cheese […]
The New Zealand government has given regulatory approval to China’s Shanghai Maling for its acquisition of a 50 percent stake in Silver Fern Farms, the country’s largest meat processor for NZ$261 million (US$191 million). “The Overseas Investment Office recommended that we approve Shanghai Maling’s application because it meets the criteria set down in the Overseas […]
International Flavors & Fragrances Inc. (IFF), the third largest flavors company in the world behind Givaudan and Firmenich, has agreed to acquire Philadelphia-based flavors company, David Michael & Co., for an undisclosed amount. David Michael was founded in 1896 by David Michael, a salesman for Fleer Chewing Gum (famous for their bubblegum baseball cards) and […]
AB InBev continues to expand its craft brewing business with the addition of Belgian craft producer, Bosteels Brewery, through a deal reported to be valued at $225 million. Founded in 1791 by Evarist Bosteels in the town of Buggenhout, Bosteel Brewery has been led by seven generations of the same family. “After seven generations, I […]
Lawrencedale Agro Processing India Pvt Ltd. (LEAF) has raised an undisclosed Series B round of funding from U.S.-based venture capital fund, Unitus Impact and Denmark-based BESTELLER Foundation. LEAF is a complete service provider along the entire agricultural value chain from field to retailer. The company embraces an integrated approach that includes best farming practices, the […]
