San-Francisco-based Après, a plant-based protein drink startup launched in 2017, has secured a $1.1 million seed round, led by Rocana Venture Partners. New investors include Cruise Automation CEO Kyle Vogt, former Rockstar Energy EVP Joey Cannata, Twitch Co-Founder Kevin Lin, and Cambridge Companies managing partners Filipp and Polina Chebotarev. Angel investors and re-ups from a previous […]
Makers of organic, paleo, and vegan chocolate – Hu Products (Hu Chocolate) – announced the closing of their Series A round, led by a strategic minority investment from Sonoma Brands. Other notable investors include Dr. Mark Hyman, Tim Ferriss, Nelson Peltz, and Dr. Peter Attia. Terms of the deal were not disclosed. In a press release, […]
Finland-based food manufacturer Raisio has divested its cattle feed business to Swedish ag co-op Lantmännen Agro Oy in a deal valued at 34 million Euro (US$40 million). The decision to sell aligns with Raisio’s strategic pivot toward a concentration on healthy, sustainably produced foods. “The cattle feed business divestment is an important step towards Raisio’s […]
International Flavors & Fragrances Inc. (IFF) announced its agreement to acquire Israel-based, global flavors giant Frutarom Industries for $7.1 billion including debt. Under the terms of the deal, Frutarom’s shareholders will receive $71.19 in cash and 0.249 of a share of IFF common stock for each share owned, for a total value exchange of $106.25 […]
French wine major AdVini announced that it has agreed to acquire Stellenbosch Vineyards, one of the leading wine producers and exporters in South Africa. Under the terms of the agreement, AdVini will take control of Stellenbosch Vineyards’ brands, winemaking and bottling facilities, and logistics center. The deal, which will further diversify AdVini’s holdings and will […]
Kellogg Company, the largest breakfast cereal maker in the U.S. with a portfolio of 1,600 foods including Frosted Flakes, Raisin Bran, Rice Krispies, Special K, Mini-Wheats and more, is investing another $420 million to strengthen and expand its joint venture interests with its West African partner, Tolaram Africa Foods. Kellogg’s tie-in with Tolaram Foods began in […]
Dutch animal and aquaculture feed specialist Nutreco has led an undisclosed Series B for India-based IoT aquaculture tech startup Eurvaka. Also participating in the round as a return investor is impact venture capital investor Omnivore Partners. Under the terms of the deal, Nutreco will acquire a 25 percent stake in the startup, and has agreed […]
Arable Capital Partners has announced its acquisition of Hydratec, a full service irrigation company and leader in the advancement of micro irrigation tech. Founded in Delano, California, in 1981, Hydratec has not only gained a reputation throughout California for its cutting-edge technology and high quality service to both family farms and large corporate operations, but […]
New Zealand-based T&G Global announced its agreement to sell its kiwi orchards and packhouse facilities for the packing and storage of avocados, kiwifruit, and citrus; along with additional assets located in KeriKeri, to Seeka Limited in a deal valued at NZ$40 million (US$29 million). T&G has also agreed to sell the entirety of its Zespri […]
Food and agribusiness-focused investment firm AGR Partners announced an investment in Titan Farms, a leading South Carolina-based, vertically integrated peach grower and processor. Founded in 1999 when Chalmers and Lori Anne Carr leased the farm and launched the business, Titan Farms has grown over the years from a 2,000-acre farming operation to one consisting of […]
