Redefine Meat raises US$6m in funding for 3D alternative meat printer

ISRAEL – Redefine Meat, an Israel-based plant-based meat company has raised US$6 million in a seed funding round led by CPT Capital, Hanaco Ventures and German poultry company, The PHW Group. Founded in 2018, Redefine […]

Kroger partners with PBFA in piloting plant-based meat retail concept

USA – The American retailing company, Kroger has teamed up with Plant Based Foods Association (PBFA) to test a plant-based meat concept within its conventional meat department in 60 stores. The retail concept will run […]

BRF offloads stake in Singapore-based joint venture for $12.3m

SINGAPORE – Brazilian meat packing company, BRF has sold its 49% stake in the SATS BRF Food joint venture in Singapore to SATS Food Services for SGD 17 million (US$12.3 million). SATS, a ground handler […]

Tyson Ventures invests in plant-based seafood producer New Wave Foods

USA – Tyson Ventures, the venture capital arm of Tyson Foods has invested in San Francisco-based producer of plant-based seafood alternatives, New Wave Foods. Founded by marine biologist Dominique Barnes and chief technology officer Michelle […]

Sea Harvest reports 86% growth in half year revenue boosted by acquisitions

SOUTH AFRICA – Sea Harvest, a South African seafood and fisheries group, posted 86 percent growth in half year revenues to R1.87bn (US$125.68m), buoyed by its recent acquisitions. During the six months period to end […]

IFAD pumps US$150m into Kenya’s aquaculture sector to boost production

KENYA – The International Fund for Agricultural Development (IFAD) is implementing a US$150 million (Shs15 billion) aquaculture project in Kenya that seeks to boost fish production in the country. Funded by the IFAD, the eight-year […]

Cold storage and logistics firm BigCold gets Food Safety System Certification

KENYA – BigCold Logistics, Kenya’s leading cold storage and logistics company, has received the Food Safety System Certification 22000 (FSSC 22000), becoming the first food storage and transport company in East Africa to get the […]

RCL Foods reports full year loss amid challenging operating environment

SOUTH AFRICA – The South African consumer goods and milling company, RCL Foods has reported an after-tax loss of R184m (US$12.08m) for the year ending June 2019, as increased pressure on its sugar and chicken […]

Tyson Foods acquires stake in Brazilian poultry firm Grupo Vibra

BRAZIL – Tyson Food has reached an agreement to acquire a 40 percent stake in the foods division of Grupo Vibra, a Brazilian producer and exporter of poultry products, for an undisclosed sum. Once completed, […]

Pilgrim’s Pride buys meat processor Tulip from Danish Crown for US$353.79m

UK – Pilgrim’s Pride, a meat processing company controlled by Brazil’s largest meat producer, JBS has secured a deal to acquire UK meat processor Tulip from Danish Crown in a transaction valued at £290 million […]