Cattle genomic innovator, TL Biolabs, announced it has raised a $4 million Seed round of funding led by Andreessen Horowitz, and including Refactor Capital, Y Combinator, and Josh Buckley. Although genomic testing has been available for years, it’s widespread or regular use by cost-driven dairy farmers and ranchers has been economically prohibitive. However, TL Biolabs, […]
France-based global vegetable producer and marketer, Bonduelle, has agreed to acquire California-based Ready Pac Foods – the market leader in single serve salads and producer of fresh-cut fruit and mixed vegetables, from H.I.G. Capital. Bonduelle states that the financial terms of the deal will be released on March 2 when the company announces its half-year […]
High tech indoor, vertical farming startup Bowery Farming announced it has raised $7.5 million in a seed round led by First Round Capital and including Box Group, Homebrew, Flybridge, Red Swan, RRE, Lerer Hippeau Ventures, and Tom Colicchio – a restauranteur and judge on reality cooking show, Top Chef. Founded in Kearny, New Jersey, in […]
Glanbia announced that it is launching Glanbia Ireland – a new Irish joint venture that will encompass three of its spun-off businesses – cheese and dairy ingredients, consumer foods, and agribusiness. Under the agreed-to terms for the formation of the venture, Glanbia will sell a 60 percent stake in Dairy Ireland to Glanbia Co-op for […]
Cal-Maine Foods announced it has agreed to acquire all assets of Happy Hen Egg Farms Inc. – a commercial producer, processor, and distributor of shell eggs located near Harwood and Wharton, Texas, for an undisclosed amount. Under the terms of the deal, Cal-Maine will acquire all commercial assets including production and processing facilities with the […]
Taylor Shellfish Farms, the largest farmed shellfish producer in the U.S., announced it has acquired Ekone Oyster Company on Willapa Bay, Washington, for an undisclosed amount. Taylor Shellfish operates on 11,000 acres of tidelands in Puget Sound along the coasts of Washington State and British Columbia, producing Manila clams, Mediterranean mussels, geoduck, and a variety […]
Canadian meat company, Maple Leaf Foods has agreed to acquire U.S.-based, plant-based protein food manufacturer, LightLife Foods Inc. from Brynwood Partners VI LP for $140 million plus associated costs. Headquartered in Mississauga, Ontario, Maple Leaf is a focused consumer packaged meats company that is organized into two groups – its Meat Products Group and Agribusiness […]
Heineken announced that it has agreed to acquire Brasil Kirin Holding S.A., one of the largest beer and soft drink companies in Brazil, for US$704 million. The move by Heineken was undertaken as a means to gain market share in the world’s third largest beer market after China and the U.S. With a population of […]
Australian agribusiness Ruralco is seeking to raise $65 million – $30 million from institutional investors, and another $35 million through a one-for-six share entitlement offer from shareholders, to fund the company’s expansion into new water and rural merchandising businesses. The offer price per new share under the entitlement offer and institutional placement is set at […]
Dairy-free, nut-based cheese and butter maker, Miyoko’s Kitchen, announced the close of a $6 million Series B led by JMK Consumer Growth Partners. The round also included Obvious Ventures, Stray Dog Capital, and CircleUp, which facilitated the introduction of JMK to Miyoko’s Kitchen, resulting in JMK leading the round. Founded by cookbook author and entrepreneur […]
