Chinese textile group, Fulida, has acquired a 16.58 percent stake in Wellard Ltd., Australia’s biggest lives export company, through a deal executed with the company’s founder, Mauro Balzarini. Balzarini has sold nearly half of his shares in the company allowing him to refinance WGH Holdings, his privately owned company that owes $15.8 million plus interest […]
UK-based Wheatsheaf Group has made a strategic investment in GrowSafe Systems, a Canadian agtech startup that improves livestock nutrition, health and wellbeing. Founded in 2012, the Wheatsheaf Group is part of the Grosvenor Estate, the collective assets and business interests of the Grosvenor family, headed by the Duke of Westminster. The group focuses on investments […]
Brazil’s BRF Foods has reached an agreement with Malaysian agricultural and food group, FFM Berhad, to acquire a 70 percent stake in FFM Further Processing (FFP), a subsidiary of FFM Berhad, for $16 million. FFM Berhad is itself part of the larger PPB Group Berhad, a Malaysia-based conglomerate with business activities in grains, agribusiness and […]
Gladstone Land has brought its farmland portfolio to 56 farms with the acquisition of two large scale almond orchards in Stanislaus County and Merced County, California. The properties which collectively total 2,485 acres were acquired for approximately $23.4 million in cash and 343,750 common unit of limited partnership interest in Gladstone’s operating partnership. With each […]
Nova Scotia-based High Liner Foods, one of the largest seafood companies in the world, has agreed to sell its scallop business and processing facility located in New Bedford, Massachusetts to Blue Harvest for an undisclosed amount. Blue Harvest entered the scallop industry only last month with the acquisition of Hygrade Ocean Products, a marketer and […]
Crop Enhancement Inc., a developer of environmentally safe, sustainable agrochemical formulations designed to improve crop yields while minimizing or eliminating the need for pesticides, has closed on an $8.5 million Series B. The round was led by MLS Capital Fund II, which is co-managed by Spruce Capital Partners and Xeraya Capital, and also by 1955 […]
Chicago-based S2G Ventures has led a $6 million Series A round of funding for Blue Prairie Brands, a functional food producer specializing in the manufacturing of gluten-free chicory flour. Additional investors in the round include Middleland Capital, DSM Venturing B.V., Invest Nebraska, and an unnamed strategic venture fund. “Completion of an oversubscribed Series A reflects […]
After months of negotiations and three bid increases, Bayer has been successful in reaching an agreement with Monsanto for a $66 billion takeover of the company. The offer, which is a record cash takeover, values Monsanto at $128 per share and will create a true global giant that will control more than 25 percent of […]
UK-based agriculture, food, and engineering company, Carr’s Group has sold its food division, Flour Mills Ltd. to Whitworths Holdings Ltd. in a deal valued at £36 million (US$48 million). After adjusting for working capital and net debt, the net value of the deal will be £33 million (US$44 million). Although the division was profitable, Carr’s […]
Associated British Foods (ABF) has agreed to sell its cane sugar business in Southern China to a Chinese consortium consisting of Nanning Sugar Industry Co. Ltd., and its partners, Minsheng Royal Capital Investment and Guangxi Royal Construction Investment, for $500 million. The sale of the unit includes five sugar cane factories with a combined annual […]
