Keurig has agreed to acquire Dr Pepper Snapple Group Inc. in a deal that will see the two companies merge into a combined global entity to be called Keurig Dr. Pepper (KDP) with annual revenue of $11 billion. The deal, which is valued at more than $21 billion, will result in a massive North American […]
Ontario-based Dane Creek Capital Corp. (DCCC), a pet investment-focused merchant banking venture, announced it has completed its third round of funding for Midgard Insect Farm, raising its holding to 80 percent. Founded in 2016 in Windsor, Nova Scotia, by Joy Hillier, a vet technician and graduate of Dalhousie University’s Agricultural College, Midgard began using crickets […]
Milltrust Agricultural Investment (MAI) announced the acquisition of two adjacent dairy farms in the Southern Riverina district of New South Wales for an undisclosed amount. The two farms – the Invergelly and Taminga – were acquired through MAI’s Australia Buy & Lease Fund, which has built a portfolio of seven farms since its launch in […]
Urban Remedy, a maker of plant-based and ultra-fresh organic and non-GMO ready-to-eat meals, snacks, and fresh juices, has raised a $17 million Series B led by 301 INC, the venture capital unit of General Mills. At the same time, Urban Remedy announced that John Foraker, the CEO of baby food maker Once Upon a Farm […]
New York-based Pinnacle Asset Management, a leading commodities and natural resources investment firm, has acquired U.S.-based Five Rivers Cattle Feeding, the largest cattle feeding operation in the world, from JBS USA for $200 million. Under the terms of the deal, Pinnacle has partnered with two other firms – Arcadia Asset Management LLC, an already active […]
Cargill has made an undisclosed investment in PURIS, the largest pea protein producer in North America, and the two companies have created a joint venture to accelerate the production of plant-based food. This is the latest move by Cargill reflecting its increasing focus toward the emerging plant protein market. Throughout 2016 and 2017, Cargill sold […]
Sydney, Australia-based Quadrant Private Equity has acquired Darrell Lea, an iconic Australian confectionery company, from the Quinn family for A$200 million (US$159 million). Best known for its soft licorice and Rocklea Road chocolate products, Darrell Lea has been in business since 1927. However, the company ran into a rough period of time when it entered […]
London-based ADM Capital Europe LLP has made its first acquisition of an Australian asset through its Cibus Fund, acquiring a 1,000-plus acre fully mature almond orchard in the district of Sunraysia in the state of Victoria through a deal backed by Rabobank. This investment is the third for the Cibus Fund, which has raised $150 […]
Los Angeles-based private equity firm Butterfly announced it has acquired Pacifico Aquaculture, an ocean-based aquaculture operation with a focus on sustainability, for an undisclosed amount. Founded in 2010 in Baja California Sur, Pacifico is the world’s leading and only producer of ocean-raised striped bass. The operation produces between 1,000 and 2,000 tons of fish per […]
Consumer -focused private equity group Fireman Capital Partners (FCP) announced it has created a partnership with strategic beverage platform Dunn’s River Brands (DRB) to launch a beverage brand-building company. The partnership also has announced its first transaction – the acquisition of the Sweet Leaf Tea and Tradewinds businesses from Nestlé Waters North America (“Nestlé”) for […]
