Oterra eyes natural color businesses of flavour and fragrance giant Symrise

GERMANY —Oterra, formerly known as Chr. Hansen Natural Colors A/S is eyeing the natural food coloring business of German flavour and fragrance company Symrise in an effort to bolster its position in the food ingredients space. According to a statement from Symrise AG, Oterra’s offer includes approximately 80 employees of Diana Food in two production facilities located in France and the United Kingdom. “Symrise welcomes the offer from Oterra,” said Jean-Yves Parisot, PhD, president of Flavor & Nutrition at Symrise. The two production sites that would be affected by a…

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Zimbabwean livestock farmers benefit from newly launched traceability system powered by Mastercard

ZIMBABWE – E-Livestock Global, an American venture capital funded social enterprise, has launched a first-of-its kind livestock traceability system in Zimbabwe, bringing end-to-end visibility to the cattle supply chain. The solution powered by Mastercard’s blockchain-based Provenance solution is aimed to empower Zimbabwean farmers to prove the origin and health records of their cattle, while reducing risks to buyers. A first in the Middle East and Africa, the solution brings new hope to the country’s agricultural sector after an outbreak of tick-borne disease in 2018 led to the death of 50,000…

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Starbucks makes 3 executive appointments to support purpose-driven growth

US – American multinational chain Starbucks has announced three new changes to its top leadership in an effort to fill vacant positions and to help the company achieve what it describes as “Purpose-driven growth”. In the new appointments, John Culver who previously served as Starbucks’ group president of international, channel development and global coffee, tea, and cocoa, has been promoted to the chief operating officer at Starbucks Corp. Culver succeeds Roz Brewer, who exited Starbucks in February to become chief executive of Walgreens Boots Alliance. In addition to being named…

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Malawi signs pact with India to export 50,000 Mt of pigeon peas annually

MALAWI – Malawi has signed a Memorandum of Understanding (MoU) with India to export 50, 000 metric tonnes of the crop to the Asian market annually, for the next five years. The deal was inked by the Indian High Commissioner to Malawi, Mr. S. Gopalakrishnan, and Malawi’s Minister of Trade, Sosten Gwengwe. In his remarks, Gopalakrishnan said the major objective of the agreement is to foster trade between the two countries. “The trade of pigeon peas through this MoU will not only meet the domestic requirement of India, but also…

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Constellation Brands eyes a share of rapidly growing mezcal drinks market with investment in ‘Dos Hombres’

US – Leading international producer and marketer of beer, wine, and spirits Constellation Brands has invested in Dos Hombres’, an artisanal and hand-crafted mezcal brand owned by created by Breaking Bad co-stars Aaron Paul and Bryan Cranston. The investment was made through Constellation’s venture capital group gives the US beer company a minority share in the company and a footing in the fast-growing mezcal beverage market. Mezcal is a distilled alcoholic beverage made from any type of agave. The Mexican alcoholic drink can reach an alcohol content of 55% and…

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South Africa issues petroleum company bp with liquor licence first of its kind

SOUTH AFRICA – The multinational oil and gas company, bp, has broken the record of becoming the first petroleum company in South Africa to be granted a liquor licence. The company has collaborated with one of its convenience partners, Pick n Pay, to offer a new product dubbed wine-to-go. With this, South Africans can pop in at Pick n Pay Express located at the petroleum station and grab a bottle. This according to bp forms part of its redefining convenience strateg, aimed to deliver a superior customer experience, whether in-store…

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Kerry Group sells US$952m meats and meals business to Pilgrims Pride

IRELAND – Kerry Group, an Irish food company, has sold its Kerry Consumer Foods’ Meats and Meals business valued at US$952 million to American multi-national food company Pilgrims Pride. Kerry Meats is a leading manufacturer of branded and private label meats, meat snacks and food-to-go products in the United Kingdom and Ireland. Its sister, Kerry Meals is a leader in the ethnic chilled and frozen ready meals business in the United Kingdom. The combined businesses produced over £725 million (US$864 million) in annual sales during the year ended December 31,…

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Smart irrigation company SupPlant raises US$10m to grow presence in South Africa

SOUTH AFRICA – Precision agriculture company SupPlant has raised US$10 million to widen the reach of its smart irrigation technology in the South African market. The company partnered with private equity firm Boresight Capital, social impact fund Menomadin Foundation, Israel-listed Smart-Agro Fund and Israel-headquartered investment company Mivtah Shamir, on the company’s latest fundraising round, bringing its total funding to US$19 million. SupPlant considers the South African market to have great potential, since farmers are dealing increasingly with unpredictable weather patterns, as a result of climate change. The SupPlant technology saves…

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AfDB promotes food security, COVID-19 recovery in Zambia with US$1.4m grant

ZAMBIA – Zambia has received a US$1.4 million grant from African Development Bank’s Global Agriculture and Food Security Program, to fund the Mitigating Impacts of Covid-19 on Household Food Security Project in the country. The Global Agriculture and Food Security Program was established as a response to the 2008/09 world food price crisis, following a commitment by the Group of 8 nations (G8) in September 2009 to mobilize up to US$20 billion for agricultural development and food security. The World Bank supervises about half of the project portfolio of the…

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Danone offloads US plant-based nutritional products brand Vega as part of portfolio review

FRANCE -French dairy giant, Danone is selling Vega, Canada, and U.S. plant-based nutritional products brand, as part of a strategic portfolio review announced in October last year. According to a statement from Danone, Vega will be sold to funds managed by WM Partners, a US-based private equity investment firm focused on the health and wellness industry. WM Partners said the acquisition was made through the HPH II Investments Master Fund. Over the last two years, the HPH II fund has acquired hydration brand Ultima Replenisher, collagen business Great Lakes and…

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