ABC Fund supports cocoa farming in Ivory Coast issuing financing ahead of 2020/2021 season
IVORY COAST – The Agri-Business Capital (ABC) Fund managed by Bamboo capital, has issued loan…
Mergers, Acquisitions & Funding
Online meal delivery service Deliveroo achieves US$7B valuation following successful series H funding round
UK – British online meal delivery service Deliveroo has achieved a US$7 billion+ valuation following…
Hero Group purchases Baby Gourmet to expand footprint in US baby foods market
SWITZERLAND – Swiss international consumer food manufacturer, the Hero Group has acquired Baby Gourmet, a…
Distell eyes CBD infused drinks market with acquisition of minority stake in South African CBD brand RETHINK
SOUTH AFRICA – South African wine, cider and spirits company Distell seeks to expand its…
Bühler acquires Design Corrugating to expand service center locations in North America
US – Swiss multinational plant equipment manufacturer Bühler has acquired Design Corrugating Companies, a leading…
Agritech startup MooMe secures investment from Maxula seed fund to support cattle farmers
TUNISIA – Maxula Gestion, a manager and distributor of the Startup Maxula Seed Fund, has…
US ingredients company T. Hasegawa buys Mission Flavors & Fragrances to expand overall flavor portfolio
USA – T. Hasegawa USA, a leading global ingredients company, has acquired Mission Flavors &…
Sugar-free ice cream brand Nick’s raises US$30M to fund global expansion drive
SWEDEN – Swedish ice cream brand Nick’s has raised US$30 million in funding to expand…
InVivo, Soufflet plan merger to create new French-based agribusiness giant
FRANCE — InVivo Group, a French agricultural cooperative group has said it is in discussions…
Coca-Cola sells Zico coconut water to PE firm founded by brand’s creator
US – American multinational beverage company Coca-Cola has sold its Zico coconut water brand to…
Kenyan data analytics company Gro Intelligence raises US$85m in Series B funding round
KENYA – Kenyan-founded data analytics company Gro Intelligence has raised US$85 million in a Series…
Thailand’s SCG completes acquisition of UK based food service packaging solutions provider Go-Pak
THAILAND – Thailand-based SCG Packaging has completed the acquisition of Go-Pak, a leading food service…
Seed Co highlights there will be no board changes following its merger with Zimbabwean unit
ZIMBABWE – Regional seed producer Seed-Co International Limited (SCIL) has indicated that there will be…
Dairibord eyes bigger dairy market share in Zimbabwe as its Dendairy bid rolls on
ZIMBABWE – Dairibord Holdings Limited (DHL) is still in pursuit of acquiring and merging with…
UAE food firm Agthia to become a major force in MENA following merger with Al Foah
UAE – Agthia Group, the UAE-based food and beverages major, has announced the successful completion…
UAE’s food manufacturing giant IFFCO to build major global manufacturing base after acquiring India’s 3 F Fuji Foods
INDIA – IFFCO, the UAE-based mass manufacturer of food products, has announced plans to build…
Olam seeks to raise US$188m from Singapore’s debt market even as it extends its food prize application deadline
SINGAPORE – Global food and agri-business company, Olam International Limited has announced that it has…
American snack company Utz to acquire Vitner’s snack brand for US$25M
US – Utz Brands, a large snack food company based in Hanover, Pennsylvania, is acquiring…
Australia-based hydration solutions company Waterlogic expands presence in Sweden with the purchase of three firms
SWEDEN – Waterlogic, an Australia-based hydration solutions company, has expanded its presence in Sweden with…
Food safety solutions supplier Neogen acquires Irish analytical solutions supplier Megazyme
US — Michigan-based international food safety company NEOGEN Corporation has acquired Ireland-based Megazyme, Ltd. —…
Indian operator of Domino’s Pizza Chain Jubilant FoodWorks to buy 10% stake in Barbeque Nation
INDIA – Jubilant FoodWorks, the operator of Domino’s Pizza chain and the Dunkin’ Donuts coffee…
Unilever sells remaining Bertolli assets to Dutch food maker Enrico-Glasbest
NETHERLANDS – British multinational consumer goods company, Unilever has offloaded its remaining assets in the…
Seed Co International Limited shareholders give nod to acquisition of Zimbabwean unit
ZIMBABWE – Regional seed producer, Seed Co International Limited (SCIL) has received the go ahead…
Billion-dollar food industry mergers and acquisitions that took place in 2020
GLOBAL – Despite the unsettled year due to the impact of the global Covid-19 pandemic,…