JBS’ beef division Fribio opens US$17m processing facility in Brazil

BRAZIL – Friboi, the beef business unit operated by meat processing giant JBS, has opened its 37th beef processing plant in Mato Grosso state, Brasnorte city, Brazil after investing R$70 million (US$17.18 million) in the […]

Aegis Brands completes acquisition of Bridgehead Coffee in Canada

CANADA – Aegis Brands, which owns Canadian specialty coffee retailer Second Cup Coffee, has completed its previously announced acquisition of Ottawa-based Bridgehead Coffee. Bridgehead has nineteen company-owned coffeehouses in Ottawa, including its flagship Roastery, all […]

Just Eat approves US$7.7bn takeover bid from Takeaway.com

NETHERLANDS – The shareholders of Just Eat, a British online food ordering company has approved the £5.9 billion (US$7.71 billion) buyout offer from Dutch peer Takeaway.com in a deal that will create one of the […]

Kenyan government issues grant to Kilifi county to bolster its agriculture sector

KENYA – Kenya’s National government through its implementing NGO of various agricultural activities in the country, dubbed National Agricultural and Rural Inclusive Growth Project (NARIGP), has granted 600 farmers in Kilifi County Kshs 41 million […]

Private investment house Ardian acquires bakery solutions provider Cérélia

FRANCE – New York based private investment house, Ardian has acquired French pizza dough and pie crust maker, Cérélia SA from private-equity peer, IK Investment Partners in a deal valued at about US$900 million. Cérélia […]

Glencore Agriculture increases stake in Argentinian food processor Renova

ARGENTINA – Glencore Agriculture has acquired an additional 16.67% in its Argentinian supply chain and processing joint venture, Renova to become the majority owner with 66.67% shareholding in the company. Glencore Agriculture purchased the stake […]

Nigeria’s ranking in AT Kearney’s global retail index for developing country drops

NIGERIA – Nigeria’s ranking in the global retail development index dropped in 2019. A report by global research firm, AT Kearney, showed that the country moved three steps downward from the 27th position recorded in […]