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…
Investments
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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…
Pernod Ricard to establish new global headquarters in Paris’ Saint Lazare district
FRANCE – Pernod Ricard, the world’s second largest wines and spirits firm, has selected Paris’…
Singapore cell-based milk startup TurtleTree Labs raises US$3.2m seed round
SINGAPORE – TurtleTree Labs, a Singapore-based biotech that has developed the world’s first cell-based milk,…
Indian food and grocery delivery startup Milkbasket raises US$5.5m in new funding round
INDIA – Milkbasket, an Indian food and grocery delivery startup has raised US$5.5 million in…
Togo secures US$3m loan from AfDB to support agriculture sector in the wake COVID-19 pandemic
TOGO – The Republic of Togo has secured a US$3 million loan from the African Development…
Ethiopian water bottling company Setit joins the competitive industry with US$1.75m investment
ETHIOPIA – Adad Trading Plc, a local livestock export company has joined the competitive water…
Amazon launches US$2bn climate venture investment program
USA – Global retail and e-commerce giant, Amazon has launched ‘The Climate Pledge Fund’ to…
Diageo launches US$100m fund to help pubs and bars recover from Covid-19
UK – Global spirits and beer producer, Diageo has launched a US$100 million global programme…
Nigeria Sovereign Investment authority invests US$294.9m in the fertilizer industry
NIGERIA – The Nigeria Sovereign Investment Authority is set to invest N114 billion (US$294.9m) into the…
Merit Functional Foods to invest in new plant-based protein production facility
CANADA – Merit Functional Foods, a Canadian producer of plant-based protein is investing in a…
Cargill to open its first chocolate manufacturing operation in Asia
INDIA – American food and confectionery firm, Cargill is partnering with a local manufacturer in…
Hormel Foods invests in new facility to enhance health of its team members
USA – Hormel Foods Corporation, a global-branded food company, is opening its state-of-the-art health center…
Kemin Food Technologies names DKSH its distributor in Asia’s emerging markets
SINGAPORE – Kemin Food Technologies, the food ingredient subsidiary of Kemin Industries, has has entered…
Indian dairy startup Milk Mantra secures US$10m from US development finance institution
INDIA –Milk Mantra, an Indian dairy startup based in Odisha, has secured US$10 million in…
Tesco agrees to sell its business in Poland to Salling Group for US$224m
UK – Tesco has announced the sale of its business in Poland, which includes of…
Canadian plant-based foods maker Very Good Food goes public
CANADA – Victoria headquartered alternative meat producer, The Very Good Food Company Inc., (VGF) has…
Louis Dreyfus Company launches corporate venture capital program
NETHERLANDS – Louis Dreyfus Company (LDC), a Rotterdam-based agricultural commodity trader has launched its corporate…
Sodrugestvo Group secures US$130m to expand its ago-industrial operations in Europe
EUROPE – Sodrugestvo Group, an international agro-industrial conglomerate incorporated in Luxembourg, has secured a USS$130…
Cargill adds new gourmet chocolate production line at Belgian site
BELGIUM – Cargill has invested €3.5 million (US$3.92m) in its site in Kalmthout, Belgium to…
American grocery retail chain Albertsons eyes US$1.3bn IPO
USA – Albertsons Companies, one of the largest food and grocery retailers in the United…
Cell-based seafood producer BlueNalu expands production, R&D capabilities
USA – BlueNalu, a California-based food technology company developing cell-based seafood products, has announced several…
Olam secures US$250 million sustainability-linked financing deal
SINGAPORE – Food and agri-business company, Olam International, and its wholly owned subsidiary, Olam Treasury…
De Heus acquires Spanish animal nutrition company to accelerate growth
SPAIN – Dutch animal nutrition company, De Heus Animal Nutrition has signed an agreement to…