South Africa-based Sea Harvest has gained control of ASX-listed, vertically integrated agribusiness, Mareterram. Sea Harvest announced its intention to gain control of the company in April of this year. At the time, Sea Harvest held a 19.9% stake in Mareterram, but was lobbying shareholders to sell half of their holdings for 35 cents per share […]
A recent A$50 million acquisition of three established Queensland rural properties has propelled Rural Funds Management (RFM) into a leading Australian listed cattle and land company. The purchase confirms RFM’s ambition to expand its already diverse portfolio of large-scale farming enterprises and become a major player in the cattle industry. RFM’s focus is to deliver […]
Gina Rinehart, chairman and director of Hancock Prospecting, has acquired infrastructure that will provide integrated supply routes for her growing cattle portfolio. Less than a week after Rinehart’s Hancock Prospecting acquired the Inverway and Riveren cattle stations totaling 550,000 hectares with a combined herd of 40,000 head of cattle in Australia’s Northern Territory from Indonesia’s Japfa […]
Jim Hagedorn, CEO of Scotts Miracle-Gro since 2001, plans to re-energize his company and counter flat sales by investing in the legal cannabis production industry. Between 2001 and 2009, Scotts saw its revenues increase by 80% as giant retailers including WalMart, Home Depot and Lowe’s expanded across the U.S., building more than 3,000 stores. However, […]
Coca-Cola’s Venturing and Emerging Brands (VEB) unit has acquired a minority stake in California-based L.A. Aloe Inc., a producer of certified organic aloe water beverages for an undisclosed amount. The investment is the latest in a string of non-core investments being made by the soft drink giant in response to softening soda sales in the […]
Pursuant to its plan to double organic acreage to 250,000 acres and to increase organic food sales from $675 million to $1 billion by 2019, General Mills has entered into a strategic partnership with the largest dairy cooperative in the U.S., Organic Valley. The agreement will foster the conversion of more farmland, helping about 20 […]
Cargill announced it has agreed to acquire Texas-based Five Star Custom Foods Ltd., a company that specializes in the production of cooked protein food products, as well as soups and sauces, for supply to the foodservice and food processing industries for an undisclosed sum. The acquisition of Five Star, which is expected to boost Cargill’s […]
US Foods has agreed to acquire fruit and vegetable processor and distributor, Freshway Foods for an undisclosed sum. Founded in 1988, Ohio-based Freshway Foods cuts, cleans, chops, and packages raw produce for distribution to customers throughout the eastern half of the U.S. The company also has an implemented “farm-to-fork” safety protocol that ensures food safety […]
As China continues to pursue food security, Hunan Dakang, a unit of China’s Shanghai Pengxin Group, agreed to acquire a majority stake in Brazilian soybean trader and biodiesel company Fiagril for $286 million, according toBloomberg. Brazil’s soybean output has nearly doubled in the past ten years, prompting the country to become responsible for 45% of […]
After announcing the successful raise of $10 million through a round of financing led by Advantage Capital Agribusiness Partners (ACAP) and including BDC Capital Inc., Avrio Ventures LP II, and Capital régional et coopératif Desjardins earlier this year, precision irrigation management systems company, Hortau is building out its team to support the company’s expansion into the High […]
