Seeka Limited, a Te Puke, New Zealand-based company that is the largest grower of kiwifruit in the country, and a provider of orchard leasing, management, and post-harvest services, has entered into agreements to sell five of its Northland kiwi orchards for $15.9 million. The orchards in question are part of Seeka’s Northland portfolio, which the […]
Global investment fund Permira announced it has acquired a 50 percent stake in Ye Cherng Industrial Products Co., Ltd (“Grobest”) – one of the largest independent and most advanced producers of aquatic feed in Asia. The deal was conducted through a company held by Permira, which upon completion of the transaction, will form a new […]
Since 1980, global consumption of salmon has more than tripled as demand for protein also climbs. And as wild stock grow more depleted, salmon farming is stepping in to bridge the gap between market demand and production. Amid this backdrop, investment firm 8F Asset Management announced its plans to invest US$162 million to build an […]
S&W Seed Co. has acquired certain assets and assigned contracts of U.S.-based sorghum company Chromatin for $26.5 million. The purchase price was set via a stalking horse bid initiated in early September, after Chromatin entered into receivership earlier this year. Founded in 1980 in Sacramento, California, S&W Seed is a global agricultural company with an […]
Real Estate Investment Trust (REIT) Gladstone Land has announced a significant deal that both adds to its permanent crop holdings, and diversifies its portfolio into a new crop. The company’s latest acquisition is a 951-acre farm in Madera County, California, that includes 715 acres of mature fig orchards, and 224 acres of mature pistachio […]
PepsiCo is continuing to expand its presence in the better-for-you space, announcing the acquisition of Health Warrior, a producer of plant-based snack bars and other offerings including microwavable protein mug muffins and protein powders that include nutrient-dense superfood ingredients. The company will be the first acquisition dedicated to PepsiCo HIVE, a new operating entity in […]
NBA All-Star Kevin Durant has made an undisclosed investment in Imperfect Produce, a startup working to mitigate food waste by generating and fostering a market for cosmetically imperfect fruit and vegetables. Founded in August 2015 by Ben Simon and Ben Chesler, Imperfect Produce sources “ugly” produce from farms and delivers it directly to customers at […]
European impact investment fund Moringa SCA SICAR (Moringa) has invested US$5 million in B-BOVID, a farming and palm oil processing company in Ghana that is aiming to transform agribusiness in Ghana through farming entrepreneurship and agroforestry. Founded in 2014 by iIssa Ouedraogo, a Ghanaian social entrepreneur and son of a local farming family, B-BOVID is […]
South Africa’s Public Investment Corporation (PIC), the manager of pension funds for South Africa’s government employees, and Pelo Agricultural Ventures have acquired a majority stake in Karan Beef Pty Ltd., the largest cattle company in Africa, for US$360 million. Founded in 1974 by the Karan family, the company began with less than 100 head of […]
301 INC and CAVU Venture Partners have come together again to invest $40 million in Kite Hill, a pioneering innovator and creator of plant-based dairy alternative foods. The capital round, which was led by 301 INC, is expected to close in the next month. Based in California, Kite Hill employs a proprietary method of almond […]
