Agspring Completes Recapitalization
On December 17, Agspring, a holding company focused on the oilseed, grain and specialty crop sector, announced that it has successfully completed a management-led recapitalization in partnership with the American Infrastructure MLP Funds (AIM) and major institutional investors. The recapitalization enables Agspring to continue exp
Read moreEBRD Strengthens Agricultural Financing in Albania with New Credit Framework
The European Bank for Reconstruction and Development (EBRD) is strengthening agricultural finance in Albania with the launch of a new credit framework, the Albania Agribusiness Support Facility. Under the new model, the EBRD will offer credit lines to Albanian banks and microfinanciers, and together with the Albanian government, will a
Read moreNew Go2 Foods Acquires Yorkshire Company
Go2 Foods, the investment vehicle established by former CEO of Glisten snack food company, Paul Simmonds, and Glisten co-founder, Rob Davies, has announced it has agreed to acquire The Real Yorkshire Pudding Company (RYP) for an undisclosed amount, according to The Business Desk. The structure of the deal will be a buy-in, bu
Read moreFood Entrepreneur Jon Sebastiani Launches Incubator
Former managing partner of Wines.com, former president of Viansa Winery and founder of KRAVE Jerky, Jon Sebastiani, announced he has launched Sonoma Brands, an incubator dedicated to the development of new food brands and the disruption of the packaged consumer foods space, according to Forbes. Backed by a capital investment
Read moreSaudi Arabia’s SALIC Acquires 20% Stake in Brazilian Beef Exporter
Saudi Agriculture and Livestock Co. (SALIC) announced it has agreed to acquire a 20% stake in Brazilian beef exporter, Minerva, for US$188.4 million, representing a sale price of $15.60 per share, according to Reuters. The deal is part of a capital raise approved by the Minerva board that could see the sale of as many as 99.7 million shares w
Read moreGAI Insight: Entrepreneur Mika Bulmash’s Wine For The World
By Shahnaz Mahmud Wine for the World, as its name might suggest, is very precise in its goals: to pair top US winemakers with talented unknowns that reside in the emerging economies to bring their wines to market. The start-up is the brainchild of New York-based Mika Bulmash, a former international development executi
Read moreCasella Family Brands Acquires the Brand’s Laira Winery
Only one year after acquiring Peter Lehmann Wines in South Australia for $57 million, Casella Wines, the name behind the country’s top selling wine brand, Yellow Tail, has further strengthened its position in the premium wine segment with the acquisition of Brand’s Laira winery from McWilliam’s Wines for an und
Read moreIreland’s Largest Dairy Exporter Expanding in Nigeria
Ireland’s largest dairy exporter and owner of Kerrygold, Ornua, is making inroads to gain market share in Nigeria for it powdered milk, according to Dairy Reporter. By 2050 Nigeria is forecast to have the third largest population in the world, according to the United Nations, surpassing the U.S., reaching a population o
Read moreDairy Farmers of America Buying Out Fonterra’s 50% Stake in DairiConcepts JV
Dairy Farmers of America (DFA) will acquire the remaining 50% stake in it's DairiConcepts joint venture from Fonterra for NZ$196 million (US$128 million). Formed by the two groups in 2000, DairiConcepts produces cheese, dairy ingredients, and dairy flavor systems at its eight production sites in Minnesota, South Dakota, Wisconsin, Pennsylvani
Read moreTrimble Acquires North America’s Largest Professional Ag Coaching Network
Precision agriculture business, Trimble, agreed to acquire the assets of privately-held Alberta, Canada-based, AGRI-TREND for an undisclosed amount. The integration of AGRI-TREND’s largest network of independent agricultural consultants in North America, and its expertise in agronomy, grain marketing, and data managemen
Read more
