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 […]

IMCD acquires Matrix Ingredients operations in Singapore and Malaysia

NETHERLANDS – IMCD, a leading distributor of speciality chemicals and food ingredients, has acquired the food distribution business of Matrix Ingredients in Singapore and Malaysia, for an undisclosed sum. Following the transaction, Maxim Ingredients International Pte. Ltd. and […]

Olam International expands its board with three new appointments

SINGAPORE – Olam International has announced the appointment of three new Non-executive Directors to the Board, as it continues to strengthen its “board’s overall skills set and stewardship effectiveness.” The company has appointed Joerg Wolle […]

Olam International reports 16% growth in H1 revenues despite market challenges

SINGAPORE – Olam International has reported a steady operating performance, recording 16% growth in revenues to US$ 11.47 billion in the first half of 2019, from US$9.86 billion recorded in a similar period last year. […]

Olam secures US$375m credit facility from European lenders

SINGAPORE – Olam International has secured a revolving credit facility aggregating US$375 million from several European lenders. The Facility has a 364-day tenor with an option to extend for a further 364 days and is […]

Cargill opens innovation center in Singapore to address nutrition and safety

SINGAPORE – Global agribusiness and food giant, Cargill has inaugurated a new innovation center in Singapore to accelerate nutrition and food safety endeavor in the Asia Pacific region. The center will also help address the […]

Olam International prices US$120 million US debt private placement

SINGAPORE – Olam International has announced that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$120 million issuance of 5-year fixed rate notes via a private placement. According to the company, proceeds […]

PureCircle’s Reb M stevia sweetener receives regulatory approval in Singapore

ASIA – The world’s leading producer of stevia sweeteners, PureCircle has announced that it has received approval for expanded use and applications of its next generation stevia leaf sweetener, Reb M in Singapore. The approval […]

Olam strengthens cocoa traceability with commitment to end deforestation in supply chain

SINGAPORE – Olam International has announced that it has achieved 100% traceability of its sustainable cocoa supply chain in Ghana and Côte d’Ivoire and has committed to end deforestation in its entire global cocoa supply […]

Olam unveils six-year strategy with US$1.6b worth of divestment in sugar, others

SINGAPORE – The agribusiness and chemicals firm, Olam International has said it plans to release US$1.6 billion cash from divesting some of its businesses including sugar, rubber, wood products and fertilizer as it looks to […]