Chinese Investor Takes Majority Stake in Kilcoy
New Hope Investment Fund has acquired the Kilcoy Pastoral Co. export abattoir in southeast Queensland, Australia.
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Deal Tracking
ADM’s $2 Billion Grain Corp. Bid Blocked by Australia
Australian treasurer Joe Hackey announced the U.S.-based ADMÕs bid to acquire Grain Corp. Ltd. was not in the nationÕs best interest.
China’s Shaunghui to Bid for Spain’s Campofrio
ChinaÕs Shaunghui is planning to launch a counterbid for Spanish meat processing company Campofrio valued at $943 million.
Westland Milk Eyes Infant Formula Expansion
New Zealand-based Westland Milk is developing its capacity as a supplier of high-end products and moving away from bulk ingredients.
ADM to Invest A$200 Million to Strengthen Australian Agricultural Infrastructure
Archer Daniels Midland Co. has pledged A$200 million for infrastructure projects in Australia with emphasis on rail projects.
St. Cloud-Based GNP to be Acquired by Illinois Pork Producer
The largest family owned pork producer in the U.S. has bought the 18th largest chicken producer, St.-Cloud based GNP Co.
USDA Aims to Sell All Surplus Sugar, Raise Prices
The U.S. government sold 75% of its sugar stockpile to ethanol makers and offered to sell the balance for non-food uses.
Cargill Forms Joint Venture with South Dakota Elevator
Cargill announced it has formed an equal partnership with Concord Grains LLC to operate a south Dakota grain elevator.
Two Rivers Creates Water and Farm Management Company
Two Rivers Water and Farming Company announces it has formed Two Rivers Water and Farm Management.
Record Sales and Revenue for Blue Diamond Almond Growers
Blue Diamond GrowersÕ almond sales increased $189 million in fiscal year 2012/13 to equal $1.2 billion.