Dairy Producer Murray Goulburn Adopts New Formula for Asian Market
Murray Goulburn is planning a $500 investment to upgrade factories in order to export more customized products to Asia.
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Deal Tracking
Japanese Group Mizhan Buys Unilever’s Pasta Sauces For $2.15 Billion
Japanese company, Mizhan Group has agreed to buy UnileverÍs Ragu and Bertolli brand sauces for $2.15 billion.
China’s Bright Foods to Buy Control of Israel’s Tnuva to Boost Dairy Sales
ChinaÍs Bright Foods is buying a 56% stake in IsraelÍs largest food company from private equity firm Apax for $960 million.
Flour Milling Joint Venture Ardent Gets Provisional Approval
The U.S. Department of Justice is dropping its lawsuit blocking the formation of Ardent Mills on the proposed sale of four mills.
‘Mega Factory’ to Catapult Vinamilk Onto World Stage
VietnamÍs top dairy producer, Vinamilk is investing US$110 million to become one of the worldÍs biggest producers by 2017.
Australia’s Treasury Wine Rejects $2.9 Billion KKR Bid
AustraliaÍs Treasury Wine Estates has rejected a $2.9 billion takeover bid by private equity giant Kohlberg Kravis Roberts & Co. LP
Wilmar International, First Pacific Raise Takeover Offer for Goodman Fielder
Wilmar International and First Pacific raised their takeover offer for Goodman Fielder to A$1.4 billion from A$1.27 billion.
Morocco, Gabon Sign Deal for $2.3 Billion Fertilizer Joint Venture
Morocco and Gabon have signed a $2.3 billion joint venture to build fertilizer factories to serve the growing African market.
New Forests Sees $5 Billion of Opportunities
Timber investment firm, New Forests sees $5 billion of acquisition opportunities in Australia and New Zealand over next three years.
Tanzania: Swedes in US$550 Million Ethanol Venture
Agro EcoEnergy Tanzania Ltd has invested US$550 million into sugarcane production for an ethanol and power project.