As we approach the fourth quarter of the year, there have been a string of recent announcements regarding leadership shifts and shakeups in the food and ag investment and retail sectors. Paine & Partners Appoints Former Potash Exec, Delaney as Strategic Advisor Global food and agribusiness focused private equity firm, Paine & Partners announced the […]
BioMar-Sagun, the joint venture between the Danish feed company, BioMar and the Turkish seafood company, Sagun, has officially opened its state-of-the-art fish feed facility located in Söke, Turkey. First announced by the two companies in May 2014, the joint venture originally expected to be operational by the end of 2015. Upon the 2014 announcement of the […]
Little more than one month after Rabobank Australia appointed Peter Knoblanche as its new chief executive and MD for the Rabobank Australia and New Zealand Group, Rabobank New Zealand has named Daryl Johnson to the position of chief executive officer effective immediately. Mr. Johnson will be assuming the role from Crawford Taylor, who has been […]
GAI News staff Due to legislative budget cuts, funding is due to dry up this year for the Mt. McKinley Meat and Sausage (MMM&S) Plant in Palmer, Alaska. In light of this, the U.S. Board of Agriculture and Conservation (BAC) is looking to privatize the operation, and has announced it will accept proposals to lease […]
GAI News staff As part of its effort to drive the development of a successful aquaculture industry, Oman is planning its first land-based fish farming operation through the establishment of a bio-marine industrial cluster in Sur, reports Trade Arabia. An 8,000 square meter site has been earmarked for the project by Oman’s Public Establishment for Industrial […]
By GAI News Staff Unilever’s Rwandan subsidiary is investing US$50 million in the development of two tea estates, construction of a tea process factory, and to engage with small-scale producers in the country reports Reuters. Along with coffee, tea is a key export commodity for Rwanda. Recent development efforts and the addition of new tea […]
The ongoing impeachment proceedings against Brazilian President, Dilma Rousseff have caused a near halt to the country’s grain and commodity trade as producers, processors, and traders await the outcome and the potential effect it will have on the country’s currency, reports Reuters. If President Rousseff is indeed impeached and is forced from office, the country’s […]
Sysco has agreed to acquire the European food distributor, Brakes Group, from Bain Capital Private Equity in a deal worth $3.1 billion including the repayment of approximately $2.3 billion of Brakes Group’s debt. Launched in 1958 as a poultry supplier to caterers in Britain, Brakes Group continued growing until it reached a scale where it […]
Sysco has agreed to acquire the European food distributor, Brakes Group, from Bain Capital Private Equity in a deal worth $3.1 billion including the repayment of approximately $2.3 billion of Brakes Group’s debt. Launched in 1958 as a poultry supplier to caterers in Britain, Brakes Group continued growing until it reached a scale where it […]
After much contention and push-back from Australian parties opposed to the foreign purchase of Australian agricultural assets, China’s Moon Lake Investments has been granted approval by the Australia’s Foreign Investment Review Board (FIRB) for the acquisition of the country’s oldest and largest dairy operation, Van Diemen’s Land (VDL) for A$280 million (US$202 million), according to Reuters. […]
