Land O’Lakes announced it has acquired artisanal cheese and butter maker Vermont Creamery for an undisclosed amount. Under the terms of the deal, Vermont Creamery will become an independently operated subsidiary of Land O’Lakes and will continue its operations in Websterville, Vermont. Founded by co-founders Bob Reese and Allison Hooper in 1984, Vermont Creamery has seen […]
Aspada Investment Company has invested $2.7 million in Waycool Food and Products, an India-based fresh produce distribution company. Through its distribution hub in Chennai, Waycool mainly operates in Tamil Nadu, sourcing fresh fruits and vegetables from smallholders and aggregators, or from produce-specific value chain companies to sell through various distribution channels, including retail shops and […]
301 INC has added an eighth company to its portfolio since its launch as a capital unit by General Mills 18 months ago. 301 INC had committed $3 million in exchange for a minority stake in Boulder, Colorado-based Purely Elizabeth – a leading natural, “superfood” company that produces natural, gluten-free, vegan, and organic, nutrient-dense granola, […]
FMC Corporation and DuPont announced a mutual agreement under which FMC will acquire DuPont assets singled out by the EU for divestment as a condition of its approval for the $131 billion merger of Dow Chemical Co. and DuPont. Under the terms of the deal, which is structured as a hybrid asset swap and sale, […]
Vermont-based DRINKmaple Inc. has raised $3.9 million in its latest funding round according to statements filed with the Securities and Exchange Commission. The Form D also indicates that the company is targeting $4.6 million, leaving approximately $742,000 still to raise to close the round. This latest round for DRINKmaple follows a $1.5 million seed round […]
Japan’s Ajinotmoto has agreed to invest $15 million in Hinoman, an Israeli plant protein company focused on the Mankai plant. Under the terms of the agreement, Ajinomoto also will gain the exclusive rights to sell Hinoman’s Mankai plant protein products on the Japanese market. Launched by Hinoman at the Institute for Food Technologists in Chicago […]
Bio-agtech company, Benson Hill Biosystems, announced it has successfully completed a $25 million Series B co-led by Lewis & Clark Ventures and Prelude Ventures, and including Fall Line Capital, S2G Ventures, Alexandria Venture Investments, Cultivation Capital, iSelect Fund, Mercury Fund, Middleland Capital, Missouri Technology Corporation, Prolog Ventures, and TechAccel. Founded in 2012 in response to […]
Inocucor Technologies, a Montreal-based producer of sustainable microbial crop accelerators, announced the finalization of a C$38.8 million (US$29 million) Series B led by TPG Alternative and Renewable Technologies (TPG ART) – a late stage, growth equity venture vehicle managed by alternative asset firm TPG. Other investors included in this first Series B round are Closed Loop […]
CapVest, a US$4.3 billion, London-based private equity firm, agreed to acquire Karro Food Group – one of the UK’s leading meat processors and pig farmers from private equity firm Endless for €209 million (US$226 million). Endless acquired Karro Group in January 2013 from Dutch food group, VION, at a point when the company was struggling. […]
Bob Geldof’s Africa-focused private equity firm, 8 Miles, has made a strategic investment of an undisclosed amount in exchange for a minority stake in fresh-cut tropical fruit producer Blue Skies. Founded in 1997 by British entrepreneur Anthony Pile and incorporated in the UK, Blue Skies has operations in multiple African countries including Ghana, Egypt, South Africa, as […]
