Finish dairy firm Valio aims to become carbon neutral by 2035

FINLAND – Sustainably produced food is a hot market and companies are increasingly putting more emphases on reducing their carbon footprint. To increase the company’s competitive advantage, Finnish dairy products manufacturer, Valio has set an […]

Aqua Air launches Africa’s first atmospheric water generating plant

SOUTH AFRICA – South Africa based water technology company, Aqua Air has launched Africa’s first atmospheric water generating plant in Pretoria aimed at tackling the critical scarcity of potable water in South Africa. The plant, […]

Singapore agrifood supply chain startup DiMuto secures funding from SGInnovate

SINGAPORE – DiMuto, a Singapore-based supply chain platform has raised an undisclosed amount of investment from government-owned venture firm, SGInnovate to help drive its expansion into new overseas markets. Founded by Gary Loh, DiMuto creates […]

PepsiCo to acquire US better-for-you snacks maker BFY Brands

USA – PepsiCo has entered into an agreement to acquire PopCorners and Rice Rounds snacks maker BFY Brands as the company seeks to expand its snacking portfolio. BFY produces the better-for-you snacks at it manufacturing […]

Olam sells permanent water rights in Australia to PSP Investments for US$332m

AUSTRALIA – Olam Orchards Australia (OOA) has entered into an agreement with Public Sector Pension Investment Board (PSP Investments) to sell 89,085 megalitres of its permanent water rights in Australia for A$490 million (US$332.5m). In […]

Nigeria secures key fertilizer production ingredient from Russia to boost local production

NIGERIA – The Federal Government on Monday entered into an agreement with a Russian firm, Uralchem, on fertiliser production in Nigeria. The signing which was done under the Presidential Fertiliser Initiative (PFI) will see Russia […]

Bidco Africa and Land O’Lakes commission US$12m upgraded animal feed plant

KENYA – Edible oils manufacturer, Bidco Africa, has teamed up with American conglomerate Land O’Lakes to invest KSh1.2 billion (US$12m) in the upgrade of an animal feed factory in Nakuru, Central Kenya. According to Business […]

Hostess Brands to acquire Canadian cookie company Voortman for US$320m

USA – Hostess Brands has entered into an agreement to acquire Voortman, a Canadian maker of cookies and wafers, from Swander Pace Capital for approximately US$320 million (C$425 million). Hostess believes that the acquisition of […]

Novozymes unveils new enzymatic toolbox for development of oat drinks

DENMARK – Novozymes has developed a new toolbox to help guide producers on expanding their businesses into the oat drinks market while enabling them to tap into the growing oat drinks markets. With the new […]