Milltrust Agricultural Investments (MAI) announced the acquisition of Cottrell Farms – a collective of citrus, avocado, and wine and table grape orchards located in the Sunraysia region of Victoria, Australia, for an undisclosed amount. The acquisition was made through the firm’s MAI Australia Buy & Lease Fund which was launched early last year. Subsequently, in […]
European agribusiness investor Unigrains has provided growth capital to Sfoglia Torino in support of that company’s strategic growth plan to consolidate the frozen puff pastry sector. With the help of the undisclosed investment, Sfoglia Torino was able to acquire 100 percent of Idea Quick Srl, an Italian frozen puff pastry producer. This deal marks the […]
Webster Limited, Australia’s largest walnut producer, announced it has agreed to acquire the 250-hectare Motspur Park walnut orchards in Tabbita, New South Wales for a total consideration of A$23.1 million (US$17.5 million). Under the terms of the deal, which includes water entitlements and equipment,Webster will pay A$10 million in cash, and will add a share […]
German private equity firm Deutsche Beteiligungs (DBAG) has made a double acquisition to advance its goal of gaining a key position in the European chilled meats and ready-made snacks sectors. The firm has acquired 90 percent stakes in Abbelen, the leading producer of chilled meatballs and ready-made burgers in Germany, and Oscar Mayer, a leading […]
Cuna del Mar, the investment fund of Christy Walton, has invested $15 million in Boston-based InnovaSea Systems Inc. – developer of an all-inclusive system for open ocean fish farming. Created in 2015 through the merging of two companies previously held in Cuna Del Mar’s portfolio – Maine’s Ocean Farm Technologies Inc. and Seattle-based OceanSpar – […]
San Francisco-based TSG Consumer Partners has acquired a 22.3 percent stake in Scottish craft brewer BrewDog for £213 million (US$266 million). The deal which values the 10-year old company at £1 billion (US$1.25 billion), will include $124 million which will be earmarked to fund the brand’s global expansion into the U.S., Australia, and Asia, while […]
After mergers and acquisitions in the food industry hit a 15-year high last year at 505 deals, it looks like 2017 will match or surpass last year’s activity as high profile deals continue apace. Swander Pace Capital announced it has agreed to acquire Passport Food Group, a Southern California-based producer of international and ethnic foods […]
Palladium Equity Partners announced a significant investment by one of its affiliated private equity funds in Kar Nut Products Company (Kar’s) – producer of the top branded trail mix in the U.S. Terms for the deal were not disclosed, however, Crain’s Detroit Business reports that New York-based Palladium acquired a majority stake in the Madison-Heights, […]
Boulder, Colorado-based emerging brand accelerator, Sunrise Strategic Partners (Sunrise), has made a minority investment in Vital Farms, the largest producer of pasture-raised and ethically-produced eggs in the U.S. This marks the seventh investment by Sunrise since its launch last year by Steve Hughes and Trilantic North America, and its fourth investment in grass-fed and humane animal […]
Private equity investors are lining up to bid for New Zealand-based Mainland Poultry, whose business includes Zeagold Foods, New Zealand’s largest egg producer, and MainFeeds. Archer Capital, CHAMP, Bain Capital, and Australia’s largest private equity firm Pacific Equity Partners are all reportedly among the field of bidders for the company that could be worth upwards […]
