Diageo forms joint venture to distribute Santiago de Cuba rum

UK – Diageo, through its Europe subsidiary and Corporación Cuba Ron have formed Ron Santiago as a joint venture that will have exclusive global distribution rights to Cuban rum brand Santiago de Cuba. Diageo said […]

Ingredion increases investment in Verdient Foods to expands production capabilities

CANADA – Ingredion, Inc. has unveiled plans of increasing its investment in Canada-based Verdient Foods to US$185 million from US$140 million by the end of 2020. The investment in Verdient Foods, a joint venture it […]

Bunge’s joint venture EGT acquires a grain elevator near Sidney

USA – EGT, LLC, a joint venture between Bunge North America and ITOCHU, announced that it has purchased a grain elevator in Sidney, Montana from Busch Agricultural Resources, LLC, a division of A-B InBev, N.V. […]

Cargill and DSM to establish a joint venture for zero-calorie sweetener options

USA – Royal DSM and Cargill have partnered to form a joint venture that seeks to develop zero-calorie, great tasting sweetener options for food and beverage producers. This comes to address the increasing need for […]