AMERRA Capital Management announced it has joined forces with Pipeline Opportunity Partners to launch Pipeline Foods – a developer of sustainable supply chains in global agriculture that will have an initial focus on filling the need to meet demand for organic and non-GMO ingredients. Sales of organic and non-GMO foods in 2014 topped $200 billion, […]
Stockholm-listed Black Earth Farming announced it has entered into an agreement to sell its Russian operating units, Agro Invest (AIMC) and Agro Invest Regions (AIRMC) for US$184 million to Volgo-DonSelkhozInvest, an agricultural company owned by Russia’s Kukura family. Volgo-Donselkhozinvest is a Russian agricultural company specializing in grain, corn, sunflower, and cereal production. The company, which […]
Israel’s Frutarom, one of the world’s ten biggest flavor and specialty ingredient companies, continues to expand its portfolio while also deepening its reach into emerging markets with the announced acquisition of South Africa-based Unique Flavors Ltd. for a total consideration of ZAR90 million (US$6.7 million). Founded in 2001, Unique’s business focuses on the development, production, […]
Global nutrition and dairy ingredients group, Glanbia, announced it has agreed to acquire two companies – Amazing Grass in the U.S, and Body & Fit located in the Netherlands for a combined consideration of €181 million (US$192.5 million). The acquisitions are being seen as a means for Glanbia to strengthen its position in the plant-based […]
Taft, Texas-based genetics shrimp hatchery Sea Products Development, an affiliate company of shrimp farm Global Blue Technologies, has nearly completed a $20 million fundraising in the company’s single largest round to date. Sea Products Development, which was founded in 2015, is directing the capital toward simultaneous expansions in North America and Japan as demand for […]
PAG, one of the largest private equity firms in Asia, and Meridian Capital (an existing investor) have invested $225 million in European dairy processing and ice cream group, Food Union. Under the terms of the investment, PAG has committed $170 million to the round, while Meridian has committed the remaining $55 million, building upon its […]
Wonderful Citrus has announced the acquisition of three assets: Fort Pierce, Florida-based DNE Fruit, the largest citrus marketer in Florida; DNE International, the largest citrus exporter in Florida; and the assets of World Pack Cold Storage – a division of DNE Imports. Based in Delano, California, Wonderful Citrus is a part of the privately held, […]
Australian Food & Fibre (AFF), one of the largest farming operators in Australia, has agreed to acquire the Koramba cotton farm near Goondiwindi, Queensland from Dean Phillips, owner of the U.S.-based HNB National Bank, and president and chairman of T&C Bancorp, in a deal reported to be valued at more than $100 million. Acquired by […]
U.S.-based private equity buyout firm, PHI Group has agreed to acquire a minimum 51 percent stake in Vietnamese agribusiness company, Hoang Minh Chau Hung Yen LLC (HMC) – a cultivator and processor of turmeric. Under the terms of a Memorandum of Understanding signed between the two companies, PHI will pay an unspecified combination of cash […]
UK-based consumer goods company, Reckitt Benckiser, maker of iconic products including Lysol cleaners, Nurofen tablets, Scholl foot products, and Durex condoms, has confirmed that it is engaged in advanced negotiations to acquire U.S.-based Mead Johnson Nutrition Co. for a total bid of $16.7 billion, or $90 per share in cash. Reckitt Benckiser explained in a […]
