Britannia to invest US$58.2m by next year for capacity and product development

INDIA – Britannia Industries, India’s second-largest listed packaged food company plans to invest between US$58mn to US$72.81 million by next year for expansion of capacity and new product development. ET Retail has reported part of the […]

UK firm Duet invests US$50m for a majority stake in Ajeast Nigeria

NIGERIA – UK based private equity firm Duet Private Equity (DPEL) has invested over US$50 million in AJEAST Nigeria Ltd, a Sub-Saharan Africa subsidiary of AJE Group, a multinational beverage company. According to the group, […]

Clover shares grow on expected increase in headline earnings

SOUTH AFRICA – The branded foods and beverages group, Clover Industries said it expects its headline earnings a share to increase by between 207.13% and 227.13% for the year to June, IOL reports. Following the […]

Land O’Lakes SUSTAIN acquires software company Agren

USA – Land O’Lakes SUSTAIN has announced that Land O’Lakes, Inc., a member-owned agricultural cooperative, has acquired substantially all assets of Agren, Inc., an Iowa-based software company. According to the company, Agren’s soil health and […]

EU and Eastern Europe drought causes damage to wheat, maize and barley crops

EUROPE – The drought in many regions of the European Union and Eastern Europe has caused significant damage to wheat, maize and barley crops, according to FAO of the United Nations. FoodingredientsFirst reported that the […]