Private equity firm Devonshire Capital has agreed to acquire a 51 percent majority stake in edible oil producer Ruchi Soya for Rs 4,000 cr (US$601 million) which will be paid through a series of tranches. The deal includes the transfer of Ruchi Soya’s total branded oil distribution business and Ruchi Soya’s entire stake in its […]
Canada’s biggest cheese producer, Saputo Inc., announced that it has entered into an agreement to acquire Murray Goulburn – the second largest dairy processor in Australia for A$1.31 billion (C$1.29 billion US$990 million). The deal gives Saputo all of Murray Goulburn’s production assets, which will be added to the Warrnambool Cheese and Butter (WCB) assets […]
Hormel Foods Corp. announced its largest acquisition to date, paying Arbor Investments $850 million for premium deli meat and salami company Columbus Manufacturing Inc. This deal is the third for Hormel so far this year after two deals announced in August – a $425 million deal for Fontanini Italian Meats and Sausages, and a $104 […]
Constellation Brands, the $42 billion name behind such consumer favorites as Corona and Modelo beers and Svedka vodka, has agreed to acquire a 10 percent stake in Canada’s Canopy Growth Corporation – a leading provider of medical marijuana, for $191 million. Canopy Growth is traded on the Toronto Stock Exchange under the ticker WEED, and […]
Only days after Cargill announced its agreement to acquire Iowa-based Diamond V – a leading global producer of natural animal feed additives, the company has announced its entrance into the Brazilian animal feed space with the acquisition of cattle feed producer, Integral Animal Nutrition. The acquisition, which is scheduled to close within the coming months […]
Southern Pastures, the largest institutional farmland fund in New Zealand, has acquired a 25 percent stake in premium New Zealand dairy brand, Lewis Road Creamery – making Southern Pastures a cornerstone investor in the company. Founded by Peter Cullinane in 2012, Lewis Road has grown to be recognized as the premium dairy brand in New […]
ADM Capital Europe LLP announced that its Cibus Fund has acquired a majority stake in Olivos Naturales (Innoliva), one of the largest European producers of extra virgin olive oil, for an undisclosed amount. Based in Pamplona, Spain, and founded in 2006, Innoliva is a pioneer of super-high density olive production on its 5,000 hectares of […]
Cargill announced it has agreed to acquire Iowa-based Diamond V, a leading global producer of natural animal feed additives for an undisclosed amount. Established 75 years ago in Cedar Rapids, Iowa, Diamond V produces innovative natural solutions and immune support technologies that work naturally in partnership with animals’ biological systems to promote a healthy digestive […]
UK-based social impact and sub-Saharan-focused investor AgDevCo announced it has invested $3 million in Rwandan poultry company Uzima Chicken Ltd. Uzima is an early stage poultry operation that was developed by U.S.-based investor Flow Equity, which also launched a sister company EthioChicken in Ethiopia. Currently operating out of facilities leased from the Rwandan government in […]
Plant-based meat alternative producer Beyond Meat announced the addition of Leonardo DiCaprio as an investor in the company and as an advocate. DiCaprio joins an impressive list of existing investors including Bill Gates, Kleiner Perkins Caufield and Byers, the Humane Society of the United States, and Biz Stone and Evan Williams – the two co-founders […]
