Symrise undertakes technological advancement in South African grapefruit processing factory
SOUTH AFRICA – German flavour and fragrance manufacturer, Symrise has entered into a special partnership…
Investments
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Plant-based snack brand Outstanding Foods secures US$5m in funding round
USA – Outstanding Foods, plant-based snack brand, announced it has closed a US$5 million round…
Olam completes re-financing US$375m credit facility from European lenders
SINGAPORE – Olam Holdings B.V. (“OHBV”), wholly owned subsidiary of global food and agri-business company,…
Brenntag opens new Food Application & Development Center business in Brazil
BRAZIL – Brenntag Food & Nutrition (Brenntag F&N) has opened its newest Food Application &…
Rwanda acquires a US$1.1m grant from AfDB to expand its meat value chain
RWANDA – The African Development Bank (AfDB) has awarded a US$1.1 million grant to Rwanda…
Tunisian dates exporter VACPA secures US$12M from IFC to cushion business against COVID-19 effects
TUNISIA—Leading Tunisian dates exporting company VACPA has secured financing amounting to US$12.41 million from the…
Palsgaard invests US$113m to expand its production capacity in Denmark
DENMARK – Palsgaard, Danish emulsifier producer has announced that it will invest DKK 750 million (US$113 million) to…
Borden Dairy cleared for sale to Capitol Peak Partners and KKR in a US$340m deal
USA – Borden Dairy, an American dairy processor and distributor which filed for Chapter 11…
Constellation Brands to sell wine & spirits brands for US$355m
USA – Constellation Brands has signed two agreements with Sazerac Company, one of America’s oldest…
Government of Zimbabwe cancels US$130m deal between Cold storage company and Boustead Beef
ZIMBABWE – The much-awaited US$130million Joint Venture between the Zimbabwe state-owned meat processor, Cold Storage…