Tyson Foods enters agreement to sell Sara Lee Frozen Bakery and Van’s businesses

​USA – Tyson Foods, one of the world’s largest food companies and a recognized leader in protein, has entered into an agreement to sell its Sara Lee Frozen Bakery and Van’s businesses to private equity firm Kohlberg & Company. According to the company, the sale includes the Chef Pierre, Bistro Collection and Van’s brands, and a…

Fonterra partners with Lazada to improve online dairy shopping to consumers

NEW ZEALAND - Fonterra, the world’s largest dairy exporter, has partnered with Lazada, the leading online shopping destination to bring its dairy goodness to online consumers in Southeast Asia for the first time in the region. According to the company, this partnership is the first of its kind with an e-commerce company in Southeast Asia.…

Bayer receives US antitrust approval for US$66bn Monsanto bid

USA - Bayer’s US$66 billion takeover bid for the US based agrochemical and biotechnology corporation, Monsanto, has cleared the last major regulation hurdle by receiving US antitrust approval to form one of the largest agri-chemical conglomerates in the world. CNBC reported that the approval by the Justice Department was granted on condition that Bayer agreed…

JAB Holdings acquires majority stake in UK sandwich shop chain for US$1.73bn

UK - The privately-held investment firm, JAB Holdings has acquired the majority stake in Pret A Manger, a UK-based sandwich shop chain for US$1.73 billion with the deal expected to be completed during summer. Pret, previously owned by an international private equity firm, Bridgepoint was founded in 1983, boasts of more than 500 stores worldwide…

HOCHDORF to acquire traditional Swiss brand Bimbosan AG

SWITZERLAND - The HOCHDORF Group, one of the leading foodstuff companies in Switzerland, has signed an agreement to acquire Bimbosan AG in Welschenrohr. According to the company, the takeover which is of an undisclosed sum will take place retroactively to 30 April 2018. Bimbosan is a family-run traditional Swiss company that has been producing first-class speciality infant…

Tate & Lyle enters agreement to acquire 15% equity in Sweet Green Fields

UK - Tate & Lyle PLC (Tate & Lyle), a leading global provider of food ingredients and solutions, has entered into an agreement to acquire a 15% equity holding in Sweet Green Fields, one of the largest privately held, fully integrated global stevia ingredient companies. This builds on the agreement entered into by Tate &…

Cargill forms partnership in new water sustainability programme

USA - The privately-owned corporation Cargill has partnered with The Nature Conservancy and Nestlé Purina to launch a three-year sustainability programme to reduce water waste in the beef supply chain. The project which claims to save up to 2.4 billion gallons of water over three years will see farmers install weather sensors in crop fields…

PepsiCo announces a definitive agreement with Bare Snacks

USA - PepsiCo, Inc. has announced it has entered into a definitive agreement to acquire Bare Snacks, a U.S.-based maker of baked fruit and vegetable snacks. According to the company, the transaction will expand the company's snacking portfolio and further deliver on its Performance with Purpose vision to offer consumers more positive nutrition options. Bare Snacks…

UberEats acquires South African restaurant tech start up orderTalk

SOUTH AFRICA - UberEats, the American online food ordering and delivery platform has announced that it has acquired the South African restaurant technology start up orderTalk at an undisclosed sum. orderTalk Inc. owned by venture capital firm Knife Capital, offers online ordering software and call center solutions for the restaurant, takeout, and hospitality industry. According…

Cargill sells its stake in Progressive Ag Partners joint venture to Central Valley Ag

USA - Cargill has sold its stake in the Progressive Ag Partners (PAP) joint venture to Central Valley Ag Cooperative (CVA) giving it full ownership of the venture effective June 1. PAP was a joint venture, formed in September of 2002 between CVA and Cargill, offering the buying, selling and storage of grain from producers…