Family-owned and vertically integrated citrus grower, packer, and shipper IMG Citrus has acquired 4,000 acres of grapefruit groves in St. Lucie County, Florida, from Packers of Indian River for $31 million. Packers of Indian River was founded in 1928, and is currently run by third-generation citrus grower J.L Rogers III and his son-in-law Michael Garavaglia. […]
Directly on the heels of Beyond Meat’s record-setting IPO, Impossible Foods announced its closing of a $300 million Series E. The high-profile round was led by existing investors Temasek and Horizon Ventures, with an array of individual investors from the public sphere also participating, including, JayZ, Trevor Noah, Jay Brown, Katy Perry, Serena Williams, Jaden […]
Australia’s GrainCorp has announced that Long-Term Asset Partners (LTAP) has pulled its non-binding A$2.4 billion (US$1.8 billion) bid for the company. Australia’s largest listed crop handler announced the unsolicited cash takeover offer of A$2.38 billion ( US$1.8 billion) in early December 2018. Newly formed LTAP is backed by Goldman Sachs Group, and has been launched as […]
Hain Celestial has agreed to sell all of its equity interest in its protein business, Hain Pure Protein Corporation, to Aterian Investment Partners III for $80 million. The announcement of the sale came on the same day as Hain Celestial posted a net loss of $65.8 million for its third quarter ending March 31, as […]
Sun World International (Sun World), which is owned by asset management firm Renewable Resources Group, announced the sale of its owned and leased California table grape farming properties to Famous Vineyards, a new entity established by an investor group specifically to buy the Sun World acreage. Famous Vineyards has contracted with Sun Pacific to farm […]
Danone has sold Earthbound Farm, the largest organic salad business in the U.S. to California-based, and family-owned Taylor Farms. Financial details of the deal were not released, however, estimations put forth last year predicted that the sale could generate as much as $500 million. The sale, which was closed on April 11, was undertaken by […]
Thailand’s Charoen Pokphand Foods PLC (CPF), one of the world’s largest food conglomerates, has agreed to acquire a 50.1 percent stake in Canada’s second largest pork producer HyLife for C$498 million (US$372.7 million). The remaining 49.9 percent stake will be retained by Japan’s Itochu Corp. CPF is the flagship business of Charoen Pokphand Group, the […]
One month after Northern Territory pastoralist Sterling Buntine acquired the Mimong Station in North West Queensland from Consolidated Pastoral Company (CPC) for A$20 million (US$14.11 million), his Baldy Bay company has returned to acquire CPC’s Comley Station aggregation in central Queensland for a reported A$50 million (US$35.27 million). In the later days of March, Sterling […]
Tyson Foods has divested its 6.52 percent stake in alternative protein company Beyond Meat to undisclosed buyers for an undisclosed amount. Tyson made news in 2016 when, as the company whose very name is synonymous with the meat industry, it was the first key meat company to invest in a plant-based meat alternative startup aiming […]
Mission-driven investment firm Meaningful Partners has returned to lead a $16.5 million Series B for Stryve Biltong. Pendyne Capital and existing investor, the privately owned holding company Murano Group, joined Meaningful Partners in the round. GAI News first mentioned Styve Biltong in September of last year when Meaningful Partners led a $10 million Series A for […]
