Aksun, a major Turkish produce company, has plans to open the country’s largest fruit and vegetable packhouse in the fall, supporting the country’s continued growth in recent years. This investment is the largest in more than 30 years for the company that produces 47 different produce items, including melons, nectarines, figs and stonefruit. Citrus makes up […]
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 […]
California-based fruit, land, and crops company, Limoneira has expanded into South Africa with the launch of Limoneira South Africa through a partnership called Real Citrus with Re:inc that was launched to oversee packing and sales on the African continent. The South African company will be based in Paarl, South Africa and will fall under Limoneira’s […]
Irish banana and produce company, Fyffes, has acquired Canada’s largest mushroom producer, Highline Produce Ltd., for C$145 million (US$165 million). “This transaction fits perfectly with Fyffes strategic objective of adding an additional product to its existing three through the acquisition of an established, successful, integrated operator in a category with significant scale,” noted Fyffes Chairman […]
The Wall Street Journal reports that KKR & Co., Hopu Investments, Hony Capital, and Baring Private Equity Asia are among a field of investors in talks with Yum Brands regarding the acquisition of a stake in its China business, according to unnamed sources. Yum, which owns Taco Bell, KFC, and Pizza Hut, and has a […]
ITC Ltd. has acquired full ownership of seed potato producer, Technico Agri Sciences Ltd India – a wholly owned subsidiary of its Australia-based parent company, Technico Pty Ltd., for US$18.1 million reports Reuters. The acquisition, which was announced through a stock exchange filing, and which closed on March 22, was pursued by ITC as a […]
Denmark-based dairy cooperative, Arla, and Missouri-based Dairy Farmers of America (DFA) have entered into a joint venture agreement for the production of high quality cheddar cheese and the construction of a dairy plant in New York State. The $58 million venture will be 70% owned by DFA, which will also manage operations, and 20% owned by […]
With the support of Aqua Capital, Yes plans to become the first company in the world to produce four types of prebiotics for livestock.
Former Monsanto executive, Lucas Trindade, has been tapped to lead a ten-fold growth in Brazil or Farmers Edge by the end of 2016.
The repayment terms of the Glanbia MilkFlex Fund will adjust or be suspended for set amounts of time in line with GlanbiaÍs milk price.
