Neogen acquires Chilean food and animal safety company Magiar Chilena

USA – Neogen Corporation has acquired the assets of Chile-based distributor of food, animal, and plant diagnostics products, Magiar Chilena. The American food safety test kits supplier said that it will incorporate the Magiar assets […]

Vasari-backed Ethiopian liquor maker ceases production of denatured alcohol

ETHIOPIA – Rorank Business Plc, a local Ethiopian company that produces alcoholic beverages under the ownership of British giant alcoholic beverage investor Vasari Group, has ceased making denatured alcohol due to shortage of raw material. […]

Brookside Dairy increases producer milk prices to cushion farmers against COVID-19

KENYA – The leading dairy processing company in East Africa, Brookside Dairy Limited has announced it would pay an additional shilling for every kilo of raw milk supplied to it from Wednesday, 1 April to […]

Duravant acquires WECO to expand optical sorting capabilities for food processing applications

USA – Duravant, a provider of automated food processing solutions, has completed the acquisition of Woodside Electronics Corporation (WECO), a leading manufacturer of optical color and defect sorting equipment based in California. Duravant and Weco […]

Agri-Food tech firm DiMuto secures funding to broaden footprint in Latin America

SINGAPORE – DiMuto, a Singapore-based agri-food trade tech platform, has received an undisclosed sum of investment from venture capital studio, Latin Leap to broaden its footprint in Latin America. DiMuto said that the investment and […]

Industry Veteran John Agwunobi assumes new role as Herbalife Nutrition CEO

USA – Global nutrition company, Herbalife Nutrition has announced that John Agwunobi has assumed the role as Chief Executive Officer (CEO), succeeding Michael Johnson. The company previously announced the planned succession of Michael Johnson on […]

Fresh Del Monte Produce names Elana Gold as Chief Marketing Officer

USA – Fresh Del Monte Produce has appointed Elana Gold as the company’s new Vice President and Chief Marketing Officer (CMO) as the fresh and fresh-cut fruit and vegetables distributor continues to build its global […]

Klabin acquires International Paper’s corrugated packaging business for US$64m

USA – Klabin S.A. has entered into an agreement to acquire International Paper’s Brazilian corrugated packaging business for R$330 million (US$64m), subject to certain closing conditions and regulatory approvals. International Paper’s Brazilian business includes three […]

Distell to consolidate core wine brands, offload some assets to balance books

SOUTH AFRICA – Distell has announced that it will consolidate its core wine brands and capabilities to focus on growth in mainstream and accessible premium segments and offload its struggling wine farms in a bid […]