As part of a wider reorganization, Brazil’s JBS, the largest beef processor in the world, is planning an initial public offering (IPO) in the U.S. for its JBS Foods International BV unit in the first half of 2017. JBS Food International, a newly formed Netherlands-based subsidiary created by JBS as an umbrella under which to […]
Denmark’s BioMar announced that it has agreed to acquire 100 percent ownership of Chinese fish feed company, Haiwei through BioMar-Tongwei Biotech, its 50/50 joint venture with China’s Tongwei. The deal is expected to increase BioMar-Tongwei Biotech’s volume by 60,000 tons per year while also giving BioMar greater exposure to the top end of China’s aquaculture […]
Only weeks ago, Costa Group, Australia’s largest produce company, announced at its Annual General Meeting held on November 17 that it has entered into an exclusive non-binding partnership with Macquarie Agricultural Funds Management to “jointly investigate compelling M&A projects in farmland, biological assets, water and infrastructure assets.” This week, the partnership announced that its first […]
Bahrain-based alternative investment manager, Investcorp, announced it has completed the acquisition of a majority stake in Agromillora Group – a leader in the production and commercialization of permanent crop stock. Founded in Barcelona in 1986, Agromillora is a top global developer of high-yielding plants and trees, specializing in permanent crops including stone fruits, citrus, nuts, […]
JBS-owned Pilgrim’s Pride announced it has agreed to acquire Minnesota-based GNP Co. – the largest chicken producer in the Midwest and maker of Gold N’ Plump and Just Bare chicken brands for $350 million. This is the second transaction for GNP within three years after The Maschhoffs, LLC, the largest family-owned pork producer in the […]
Paris-based container farming startup, Agricool, announced it has raised $4.3 million in a round led by the recently launched French venture capital firm, Daphni, along with Henri Seydoux, the founder of drone company, Parrot, and Jean-Daniel Guyot, co-founder of Captain Train. Founded by Gonzague Gru and Guillaume Fourdinier, Agricool has selected strawberries as its first […]
Sunrise Strategic Partners announced it has agreed to acquire a minority stake in Maple Hill Creamery – a New York based leader in the production of third-party certified 100 percent grass-fed, organic dairy products including whole milk yogurt, kefir, cheese, and milk. Sunrise was launched earlier this year by former chief executive of Boulder Brands, […]
India’s HR Food Processing Pvt. Ltd – the producer of a line of dairy products under the Osam brand name, has raised Rs 45 Cr (US$6.76 million) through a Series B led by Lok Capital and including existing investor, Aavishkaar India II Company. Lok Capital’s commitment to HR Food is being made through its third […]
German grain trader BayWa AG announced that it has agreed to acquire Dutch agricultural commodities trader Thegra Tracomex Group through its Dutch agri-trading subsidiary, Cefetra BV for US$14.9 million. Located in Oosterhout, in the Netherlands, with subsidiaries in Belgium, Poland, and Ukraine, Thegra Tracomex is an international company involved in trading in grains and their derivatives […]
Following Snyder-Lance’s acquisition of Diamond Foods in February of this year, the company has decided to spin off the Diamond of California nut brand to Blue Road Capital and retain Diamond’s snack brands as it pursues its strategic plan of growth within the better-for-you snack space. Under the terms of the deal, Blue Road Capital […]
