Fonterra signs a distribution agreement for its Anchor brand in Asia

ASIA - Fonterra has signed a new distribution agreement to avail its Anchor brand product range to millions of consumers in the South Asian dairy market, particularly Bangladesh. The agreement seeks to build on its brands in the potentially vital dairy markets within in Asia, the Middle East, and Latin America. Bangladesh is said to…

AGI acquires 100% shares of Danmare Group

CANADA - Ag Growth International Inc., a leading manufacturer of seed, fertilizer, grain, feed and food handling, has announced that it has acquired 100% of shares in Danmare Group Inc., a Canadian provider of engineering solutions and project management services to the food industry. The acquisition also involved Danmare Group’s affiliate Danmare Inc. Danmare will…

Frutarom invests US$6.16m in its new color formulation centre in Europe

EUROPE - Frutarom, Israel-based flavor and fragrance company has invested US$6.16 million in its newly opened natural color formulations facility at its Etol plant in Celie, Slovenia. The investment was designated to improve equipment and technology at the new facility, meant to serve 15,000 of Frutarom’s customers in Europe. Frutarom acquired the Slovenian manufacturer of…

ADM to invest US$196 million to upgrade Iowa grain facility

USA - Archer Daniels Midland Co. has plans to investment approximately US$196 million at its grain processing facility in Clinton, Iowa- according to a report by World Grain. According to ADM, the funding will help deliver on expansion and modernisation scheme. US$146.5 million funding was set aside for purchasing new machinery and equipment, US$39.1 million…

Oman Flour Mills appoints new general manager for its subsidiary, Sohar Flour Mills

ASIA - Oman Flour Mills has appointed Endrik Mehlo as new general manager for its subsidiary Sohar Flour Mills, a state-of-the-art flour milling plant set with a vision to expand the production coverage of different types of flour across Oman. Endrik Mehlo served at Oman General Mills as chief operating officer since 2011 and now will join…

Sysco acquires Louisiana-based distributor, Doerle Food

USA - Sysco Corporation has announced the acquisition of the Louisiana-based distributor of food and beverages to restaurants, fast food multi-unit chains, healthcare institutions, casinos and schools at an undisclosed sum. Doerle Food Services offers beef, pork, poultry, fish, seafood products, dry groceries, dairy products, beverages and since it was founded in 1950 in Louisiana,…

India’s grocery micro-delivery company receives US$2.2 million seed investment

INDIA - Doodhwala, a micro delivery service for fresh groceries, said it has received a seed investment of $2.2 million by Omnivore, a venture capitalist firm, for a minority stake in the company. The new financing will go towards expanding Doodhwala's service into new markets, funding talent acquisition and upgrading technology, the company said in…

Cargill, Precision BioSciences collaborate to develop new low saturate, high oleic canola oil

USA - Cargill has teamed up with Precision BioSciences in a partnership that will create low saturate, high oleic canola oil with an aim to deliver the lowest saturated levels in the market. The collaboration involves use of Precision’s ARCUS genome-editing technology to further reduce saturated fat in canola oil. ARCUS editing platform helps to eliminate…

General Mills acquires Blue Buffalo for US$8b, enters pet food industry

USA - General Mills Inc. has entered into the pet food industry by acquiring Blue Buffalo Pet Products, a brand which makes natural food for dogs and cats in a US$8 billion deal. Blue Buffalo will operate as a separate unit within General Mills and its CEO Billy Bishop will continue to lead the business.…

Mid Iowa Cooperative acquires a minority equity stake in Sinclair Elevator

USA - Mid Iowa Cooperative has reached an agreement to acquire a minority equity stake in some companies affiliated to Sinclair Elevator LLC. According to the terms of the agreement, Mid Iowa will acquire Sinclair’s grain, feed and crop business at a site near Parkersburg, Iowa, US, with future right to buy additional equity in…