Chile’s aquaculture industry has seen a spate of deals within a week that carry a combined value of nearly $500 million. AquaChile, the top salmon company in the country, has signed a deal to acquire Salmones Magallanes and Pesquera Eden for $255 million. The transaction will give AquaChile a foothold in the salmon farming sector […]
A trio of investors – venture capital firm 021 Capital, Netherlands-based impact fund Oikocredit, and existing backer Omnivore – have funded a $5 million Series B round for Bengaluru, India -based YCook, a startup that provides range of snacks and ingredients that are boiled naturally without any additives or preservatives and can be stored at room temperature without refrigeration […]
PepsiCo continues to work to diversify its portfolio away from carbonated soft drinks with the acquisition of Bare Foods, a producer of fruit and vegetable-based snack foods. The deal will not only serve to expand PepsiCo’s better-for-you holdings, but will strengthen its standing in the snack category while buffeting its “Performance with Purpose” growth thesis. […]
Savola Group, the leading food and retail investment group in the MENAT (Middle East, North Africa, and Turkey) region, has acquired a 51 percent controlling stake in Dubai-based Al Kabeer Group, a frozen food company with operations in Saudi Arabia, the UAE, Bahrain, and Oman. The deal, which is valued at US$150 million, falls under […]
Tyson Foods has agreed to acquire the poultry rendering and blending assets of American Proteins and AMPRO Products in a deal valued at $850 million. Tyson expects the deal to strengthen its ability to meet its sustainability goals through greater recycling of animal products for a range of uses including feed, pet food, and […]
Seattle-based craft beef startup Crowd Cow announced a successful $8 million Series A led by Madrona Venture Group, with the inclusion of new investors Ashton Kutcher, and Guy Oseary’s Sound Ventures, and the return of existing investor Joe Montana’s Liquid 2 Ventures. Launched in 2015 by Joe Heitzeberg and Ethan Lowry, Crowd Cow offers a […]
Maabarot Products Ltd., the main shareholder of Algaia, S.A., has provided a €4 million (US$4.69 million) infusion of capital to support expansion of Algaia’s new specialty seaweed extract production unit in Brittany, France, and its innovation center in Saint-Lo (Normandy, France). Last year, Algaia invested €5 million (US$5.86 million) in this seaweed manufacturing facility at Lannilis, […]
Pan African mid-market private equity manager EXEO Capital announced an investment of US$6.4 million in Capital Fisheries, a leading food distributor in Zambia specializing in cold chain distribution of animal proteins. The investment was made through EXEO’s Agri-Vie Fund II, a private equity vehicle focusing on investment opportunities in the food and agribusiness sectors in […]
CAVU Venture Partners has led a $20 million funding round for REBBL, a maker of organic and functional coconut milk-based, super-herb beverages. Under the terms of the funding agreement, CAVU co-founder Clayton Christopher will join the REBBL Board. Founded in 2011, REBBL is an impact-driven company that states it was “born out of a conscious […]
The niche “meal in a bottle” segment got a recent boost as Ample Foods, a San Francisco-based nutrition startup, announced an additional $2 million in seed funding, led by San Francisco-based Slow Ventures. The company has pulled in funding from a broad array of sources, including crowdfunding platform Indiegogo and investments from 500 Startups, Hawkshead Capital and Compound. Total funds raised to date stands […]
