UK’s James Jones & Sons Acquires Majority of Australia’s Hyne Timber and XLam
By Lynda Kiernan-Stone, Global AgInvesting Media Family-owned James Jones & Sons, the UK’s most diverse timber processor with 27 sites across the country and sales exceeding £330 million (US$446.5 million), has acquired nearly 60 percent of Australia’s Mayflower Enterprises Pty Ltd., the holding company of Hyne Timber and XLam.
Read moreKalera Goes Public on Nasdaq Via SPAC Merger at Value of $375M
By Lynda Kiernan-Stone, Global AgInvesting Media Florida-based vertical farming company Kalera has merged with Agrico Acquisition Corp. to debut on Nasdaq at a valuation of $375 million. Once this deal is closed, Kalera will delist from the Euronext Growth Oslo exchange during Q2 2022. Kalera, formerly known as Eco Convergence Group, to
Read morePackhorse Pastoral Acquires Ottley Station in New South Wales
By Lynda Kiernan-Stone, Global AgInvesting Media Packhorse Pastoral launched in March 2021 with a goal of eventually building a $1 billion portfolio of cattle properties by 2027 that will play a critical role in carbon restoration and addressing climate change. Created by Packhorse Investment, Packhorse Pastoral Company Australia (PPCA)
Read moreNEA Leads $4M Seed Round for Solar-Powered, Weed-Killing, Soil-Building Robots
By Lynda Kiernan-Stone, Global AgInvesting Media Currently there are 263 herbicide-resistant species across 71 countries, making weed control and eradication harder than ever. However, traditional agricultural herbicide usage is tied to multiple issues and challenges – herbicide resistance, the inability for application in the rain or in
Read moreElders Oversees Sale of Three More Hancock Ag and S. Kidman Assets
By Lynda Kiernan-Stone, Global AgInvesting Media In March 2021, Hancock Agriculture, the second largest producer of beef in Australia, and its joint venture partner S. Kidman and Co., appointed Elders to market a portfolio of seven of its Northern Australia beef production assets. This move led to more than 1.8 million hectares (about
Read moreSPAC Agrinam Acquisition Corp. Files for $150M IPO For North America Agribiz Acquisition
By Lynda Kiernan-Stone, Global AgInvesting Media Agrinam Acquisition Corporation (Agrinam) will be seeking out prospective qualified acquisitions after filing a preliminary prospectus on January 21, 2022 with the securities regulatory authorities in every province in Canada (except Quebec) for a $150 million IPO. However, if the greenshoe o
Read moreJapan’s IntegriCulture Raises $7M For Cell Cultured Meat Infrastructure Platform
By Lynda Kiernan-Stone, Global AgInvesting Media Twelve investors stepped up to participate in a $7 million Series A for Japanese agtech startup IntegriCulture, in support of its species-agnostic, large-scale cell culture technology CulNet System™. Able to inexpensively culture animal cells of all species and types without exogenous gr
Read moreMarubeni Announced Sale of Gavilon’s Grain Business to Viterra With Expectations of $3.5B
By Lynda Kiernan-Stone, Global AgInvesting Media As part of a reorganization, Japan’s Marubeni announced it has agreed to sell the U.S. grain business of its subsidiary Gavilon to Viterra, the Dutch unit of global giant Glencore, through a deal that Marubeni expects to be worth as much as $2.6 billion to $3.5 billion (300 billion to 400
Read morePlenty Raises $400M Series E, Names Finistere’s Kukutai as New CEO, Partners With Walmart
By Lynda Kiernan-Stone, Global AgInvesting Media It remains true that vertical farming is not yet at the point of replacing traditional agriculture. However, the technology continues to mature, the funding rounds continue to grow, and the facilities continue to scale, allowing vertical farming to forge relationships that give it meaningful
Read moreUK’s Vertical Future Raises Largest-Ever European CEA Round with £21M Series A
By Lynda Kiernan-Stone, Global AgInvesting Media London-based controlled environment agriculture (CEA) technology and research startup Vertical Future has raised what is being acknowledged as the largest round to be closed in the European CEA industry. Pula Investments, environmentalist Gregory Nasmyth, Dyfan Investment, SFC Capital (t
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