Farm and asset management company Gunn Agri announced it has finalized the acquisition of Abingdon Downs, a 484,000-hectare breeding property in Queensland, from the Keough Cattle Company, for an undisclosed sum. Included in the deal were 27,400 head of cattle, which will be folded into the herd managed by the fund’s operating company Cunningham […]
Cal-Maine Foods announced it has agreed to acquire Featherland Egg Farms including its total assets related to commercial egg production, processing, distribution, and sales, for an undisclosed amount. Headquartered in Jackson, Mississippi, and operating within a single supply chain, Cal-Maine is solely active in the production, grading, packaging, marketing, and distribution of shell eggs including […]
Pan African private equity firm Development Partners International (DPI) has closed the largest private equity deal in Morocco so far this year – announcing it has acquired a majority stake in Moroccan irrigation system and solutions business Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) for $100 million. DPI’s African Development Partners II […]
U.S.-based agribusiness giant The Andersons announced it has agreed to acquire all shares not already owned in Lansing Trade Group, LLC in a cash and stock deal valued at $305 million. By its nature, the transaction also will result in the consolidation of Ontario, Canada-based Thompsons Limited and its related entities as they had been […]
The long-awaited divestment process of Consolidated Pastoral Company (CPC) has begun. The Australian agribusiness announced the sale of Nockatunga Station, a bullock fattening operation located in southwest Queensland, to the Harris family’s Cleveland Agriculture. Spanning more than 850,000 hectares (2.1 million acres), Nockatunga was acquired by CPC in 1990 and includes 5,000 head of cattle […]
The Swiss ag and food-focused private equity unit managed by responsAbility Investments AG has made a strategic investment in Suminter, a leading global organic and non-GMO supply chain management company. Although financial details of the investment were not disclosed, responsAbility usually invests between $5 million and $25 million in mid-stage, unlisted companies in emerging economies, […]
India’s Vahdam Teas, known for disrupting the global supply chain for tea, has raised US$2.5 million in a Series B funding round for its direct-to-consumer business. Fireside Ventures, India’s leading consumer investment fund, is the lead on this round. The funding will be used in the U.S. market to invest in customer acquisition and brand […]
Coca-Cola announced it has agreed to acquire Costa Coffee from UK beverage company Whitbread for US$5.1 billion. The bold move represents the largest brand deal in history for the company and a means to position itself in control of a global coffee platform. Founded in London in 1971, Costa Coffee is today a major global […]
Canadian meat products company Maple Leaf has agreed to acquire VIAU Foods – a leading Canadian producer of cooked Italian, dry-cured, and charcuterie meats – for C$215 million (US$167 million). Headquartered in Mississauga, Ontario, Maple Leaf is a focused consumer packaged meats company that is organized into two groups – its Meat Products Group and […]
Paine Schwartz Partners, a global investment leader in the sustainable food supply chain, has made a strategic investment in MS Biotec® through its $893 million Paine Schwartz Food Chain Fund IV. With a vision to being the global leader in developing innovative solutions for animal-production agriculture, MS Biotec® is the world’s first and only commercial producer […]
