Seattle-based wine-focused private equity firm, Ackley Beverage Group announced it has agreed to acquire Merriman Vineyard, located at the edge of the Oregon Coastal Range for an undisclosed amount. Planted with mostly Pinot Noir and some Chardonnay grapes in 1999, the 44 acre vineyard plans to expand fruit sourcing for Montinore Estate – the eighth […]
Portland, Oregon-based private equity firm, Endeavour Capital has agreed to acquire OFD Foods, the largest diversified freeze-dried food and products company in North America for an undisclosed amount. Founded in 1991, Endeavour Capital is the largest private equity firm in the state of Oregon and has recently closed its seventh fund – Endeavour Capital Fund […]
Joyvio Group, a subsidiary of Legend Holdings that was built to invest and operate in the agricultural and food value chains, has made a strategic investment of $44 million in Chinese snack company, Huawen Food. In December 2015 Joyvio became the largest fruit company in China through its merger with China’s Golden Wing Mau that brought […]
The Russian Direct Investment Fund (RDIF), the Abu Dhabi-based strategic investment firm, Mubadala Development Co., and other unnamed investment firms have jointly agreed to terms for two investments in Russia’s food sector of up to US$300 million. RDIF and Mubadala forged their co-investment relationship when they launched a separate US$2 billion fund in June 2013 for […]
British Sugar, a wholly-owned subsidiary of Associated British Foods (ABF) since 1991, announced it is converting 18 hectares of greenhouse space that currently produces tomatoes in eastern England to the production of cannabis beginning in 2017. Prompting the decision to enter into the cannabis production space, British Sugar secured a long-term contract with U.S.-based GW […]
BioConsortia, an agtech startup dedicated to developing microbial solutions that address natural plant traits and crop yield improvements, announced it has raised a recent equity round of $8 million, bringing its total fundraising for the year to $12 million. The most recent round included existing company investors, Khosla Ventures and Otter Capital, while the raising […]
London-based private equity firm, Bridgepoint, has agreed to acquire Sapec Agro Business, the agribusiness division of the publicly listed business group, Sapec, for €456 million (US$502 million). Bridgepoint notes that debt for the transaction has been provided by BNP Paribas, Société Générale, Crédit Agricole CIB, HSBC, Rabobank and Mizuho. Based in Portugal since 1926, Sapec Agro […]
Anheuser-Busch In-Bev announced that it has agreed to acquire its ninth craft brewer, Texas-based Karbach Brewing Co. for an undisclosed amount. Karbach will join Anheuser-Busch’s craft division known as The High End along with existing acquisitions including Blue Point, Elysian, Golden Road, Four Peaks, Devils Backbone, SpikedSeltzer, Goose Island and others. Founded only in 2011, […]
China’s Guangxi Crown Fisheries is reportedly creating a $150 million joint venture with a Mauritanian company to launch the Sunrise Oceanic Resources Exploitation Company (SOREC). The joint venture, which will be located in the West African country, is planning to build a fleet of 20 40-foot long fishing vessels that will fly the Chinese flag […]
Boston-based Mighty Squirrel, the first maker of a protein enriched beer, has raised $1.8 million of a $2.5 million round from 24 unnamed investors. This round of funding follows on a $2.4 million round raised by the company in 2014. Already a craft beer producer, Mighty Squirrel was looking for a niche within a niche […]
