Mondelēz Int’l to Acquire Leading Confectionery Co. in Mexico for $1.3B
By Lynda Kiernan-Stone, Global AgInvesting Media Mondelēz International announced its agreement to acquire Ricolino, the leading confectionery business in Mexico, from Grupo Bimbo for $1.3 billion. With four manufacturing facilities, 6,000 employees, and annual revenue of approximately $500 million, Ricolino produces and distributes a
Read morePSP Investments Merges BFB and Daybreak Cropping, Warakirri to Exit Daybreak
By Lynda Kiernan-Stone, Global AgInvesting Media The Public Sector Pension Investment Board (PSP Investments) has moved to consolidate two of its majority-owned Australian broadacre cropping businesses, bringing together BFB and Daybreak Cropping to create one of the leading cereal growing operations in the country. With 41 farms acros
Read moreThe Largest Redwood Forestry Estate in Australasia Hits the Market
By Lynda Kiernan-Stone, Global AgInvesting Media Arotahi Agribusiness is managing the sale process for the largest redwood forestry estate in Australasia comprising more than 8,000 hectares (19,768 acres) of freehold land in New Zealand. Being divested by the New Zealand Redwood Company, the sale of this estate is being called a â€
Read moreTwo Investment Veterans Launch Food and Bev-Focused Jove Island Capital
By Lynda Kiernan-Stone, Global AgInvesting Media A new private equity firm, Jove Island Capital, is joining the rolls with a focus on branded consumer products, particularly opportunities in the food and beverage space. This new strategy is being launched in Jupiter, Florida, by two investment industry veterans: Marc Pinto, former po
Read moreCBRE Managing Sale of Iconic NSW Riverina Grain, Livestock Farm With Expectations of AUD$38M
By Lynda Kiernan-Stone, Global AgInvesting Media The Tabain family has engaged CBRE to manage the sale of the iconic Roseneath grain and livestock farm located in the Murrumbidgee Irrigation Area of New South Wales, with reported expectations of fetching AUD$38 million (US$28.2 million), or more. The property has been farmed by multipl
Read moreGinkgo Bioworks, Elanco Launch Animal Health Company BiomEdit With Support From $40M Series A
By Lynda Kiernan-Stone, Global AgInvesting Media Boston-based biotech giant Ginkgo Bioworks and Elanco, which acquired Bayer’s Animal Health business for $7.6 billion in August 2019, have partnered to launch BiomEdit, a microbiome innovation company with the goal of discovering, developing, and launching new probiotics, bioactive molecule
Read moreFarmland LP Closes Vital Farmland REIT at Over $130M
By Lynda Kiernan-Stone, Global AgInvesting Media Farmland LP is the largest asset manager focused on converting conventional farmland to sustainable organic production in the U.S. – a strategy in which investors are certainly demonstrating their confidence. And the potential is huge – while speaking at Global AgInvesting On The Green 20
Read moreSALIC Acquires 35.4 Pct Stake in Olam Agri for $1.24B
By Lynda Kiernan-Stone, Global AgInvesting Media The Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of Public Investment Fund of the Kingdom of Saudi Arabia, has acquired a 34.5 percent stake in Olam Agri, a wholly owned subsidiary of Olam Group Limited (OGL) focusing on the trade and processing of gr
Read morePaine Schwartz-Backed AM Fresh Partners with Rio Blanco on Mexico Grape JV
By Lynda Kiernan-Stone, Global AgInvesting Media AM FRESH Group and leading Chilean table grape producer and exporter RIO BLANCO announced the formation of Terramara Fresh, a joint venture to develop innovative table grape varieties produced in a sustainable way in Mexico. It was in October 2019 when sustainable food chain investor Pai
Read moreFarmTogether Launches Sustainable Farmland Fund
By Lynda Kiernan-Stone, Global AgInvesting Media As FarmTogether continues to work to democratize agricultural investing for all investors, farmland investment platform FarmTogether announced the launch of its Sustainable Farmland Fund. Historical data shows that over the past five decades, ROI on farmland investments have outperformed
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