Major Thai agribusiness conglomerate CP Group plans to invest $2 billion over the next five years in an integrated livestock production facility in the Philippines that will produce poultry and pork for both the domestic and export markets. Of this total, US$500 million is earmarked to be invested within this year. CP reportedly chose the […]
Biocarbon product developer Cool Planet announced it has raised $19.3 million in a Series A led by Agustin Coppel and North Bridge Venture Partners. Founded in 2009 in Colorado, Cool Planet began as a biofuel producer but is now developing and commercializing Cool Terra, an Engineered Biocarbon™ product that delivers a platform of solutions to […]
Conagra Brands announced it has agreed to acquire Thanasi Foods, a protein-based snack manufacturer, and maker of Duke’s® meat snacks and BIGS Seeds, for an undisclosed amount. Duke’s® product line includes Duke’s Smoked Shorty® Sausages and Duke’s Steak & Brisket Strips – all made in small-batch hardwood smoked pairings of high quality ingredients – while BIGS […]
UK-based, sub-Saharan-focused social impact investor AgDevCo and the UK’s development finance institution, CDC, announced an investment of US$11.5 million in Jacoma Estates – a Malawian farming company specializing in the production of macadamia nuts, chilies, and paprika. “Malawi is a high-quality macadamia nut producer. With investment in irrigation and processing we can help the country further […]
The European Bank for Reconstruction and Development (EBRD) has agreed to provide $100 million to back the regional expansion of global agricultural commodity trader and processor, Louis Dreyfus Company. The facility will be earmarked to fund Louis Dreyfus’ capital needs in eight markets: Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Turkey, and Ukraine – targeted regions […]
Hexafly, an Irish biotech startup founded by three 26-year-old university friends – Alvan Hunt, John Lynam, and Patrick McGarvey – has secured a second round of funding totaling €1 million (US$1.07 million) to scale up their insect farming operation. In the beginning After two years of trials, the trio developed a scalable method of insect […]
Brazilian global meat giant JBS announced that JBS USA has agreed to acquire Plumrose USA from its parent company, Danish Crown A/S for $230 million. The deal for the bacon, ham, and deli meat manufacturer includes five prepared foods facilities spread across Indiana, Iowa, Mississippi, and Vermont, and two distribution centers in Indiana and Mississippi. […]
Irish agri-services group Origin Enterprises announced it has agreed to two acquisitions with a combined value exceeding US$40 million within a week’s time, just as the company also reported improved earnings for the first six months to the end of January 2017. Fertilizer The first acquisition agreement sealed by Origin was for UK-based prescription fertilizer […]
Russia’s sovereign wealth fund – the Russian Direct Investment Fund (RDIF) – and Israeli international development investment company, LR Group, have agreed to co-invest $100 million in dairy farming and processing in Russia. Under the proposed agreement, which the RDIF states is ready for signing, the $100 million investment represents the capital committed in the […]
New York-based agribusiness asset manager AMERRA Capital Management has announced the acquisition of a stake exceeding 90 percent in Marine/Bioproducts (Biomega) for an undisclosed amount. Founded in 2001 in Sotra, Norway, Biomega is a leading producer of human grade, high quality peptones, proteins, and oils derived from fresh fish by-products sourced from the salmon farming […]
