Ireland’s Kepak Group has acquired the red meat business of 2 Sisters from Boharan Holdings in a deal the company is calling “both a Brexit and a currency hedge”. The addition of the 2 Sisters business will provide a source of UK raw material for Kepak’s value-added operations which include 16 manufacturing plants located across […]
New York-based AMERRA Capital, owner of Andromeda Group, the third largest aquaculture company in Greece, has partnered with the Abu Dhabi-based $130 billion sovereign wealth fund Mubadala Investment Company to acquire Nireus SA and Selonda SA – two Greek sea bass and sea bream fish farming companies. Financial parameters of the deal were not divulged, […]
Real Estate Investment Trust (REIT) Gladstone Land announced it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for a continuous public offering of six million shares of its Series B Cumulative Redeemable Preferred Stock at an offering price of $25 per share. The filing allows for up to $150 million […]
Australian almond grower Select Harvests has rejected a takeover bid of A$430.6 million (US$334 million) presented by the United Arab Emirates sovereign wealth fund, Mubadala Investment Company. The “highly conditional” offer was for 100 percent of the almond grower, and amounted to a per share bid of A$5.85 (US$4.56), or 39 percent above the company’s […]
The Walton Family Foundation (WFF), created by Walmart founders Sam and Helen Walton, announced it is investing $36.6 million over the next five years to fund sustainable seafood endeavors. The foundation aims to have a positive impact on both the supply and demand sides of the seafood supply chain equation through an overarching, systemic approach […]
If there were any questions surrounding Kraft Heinz’s need for growth, they faded in the wake of the food-product company’s blockbuster $143 billion bid for Unilever in recent days. While that potential pairing failed, in recent weeks Kraft Heinz was able to ink a partnership with daytime talk-show host turned health and nutrition champion, Oprah […]
Both PepsiCo and Dr. Pepper Snapple Group have announced major acquisitions with the goal of diversifying their portfolios. Dr. Pepper Snapple Dr. Pepper Snapple Group announced that it has agreed to acquire Bai Brands LLC, a better-for-you brand portfolio of premium antioxidant-infused beverages including carbonated flavored water, coconut water, and ready to drink teas for […]
Kellogg Co. announced it has agreed to acquire a majority stake in the privately held Brazilian food group, Parati, a maker of biscuits, powdered beverages, and pastas for 1.3 billion reais (US$428 million) in cash. Under the terms of the deal, which is Kellogg’s largest in Latin America, the cereal giant will acquire Ritmo Investimentos, […]
Australia is about to see its first poultry company float on the stock exchange in decades. U.S.-based private equity firm, TPG Capital Management is set to list Inghams Group, Australia’s largest poultry producer on the ASX next month at a value set between $1.33 billion and $1.53 billion, and with an enterprise value of between […]
The Oman Food Investment Holding Company (OFIC) established the Mazoon Dairy Company in the first half of 2015 to facilitate a major US$260 million dairy project with the goal of achieving self-sufficiency in dairy production in Oman. The project will include the construction of a vertically integrated dairy farm and production facility with an initial […]
