Bayer to drop ‘Monsanto’ name upon completion of takeover this week

GERMANY - Bayer, the multinational, pharmaceutical and life sciences company has said that it plans to drop the ‘Monsanto’ brand name as it looks forward to completing the acquisition of the US seeds giant on Thursday this week. The US$63 billion acquisition of Monsanto will form the world’s largest giant in chemical and biological crop…

Distell re-lists on JSE, seeks new opportunities in China and Africa

SOUTH AFRICA - Distell, the South African brewer has been re-listed on Johannesburg Stock Exchange and the company is eying growth opportunities in China and the rest of Africa. The planned restructuring of its corporate structure involved suspension of Capevin, which holds a 29% stake in Distell from JSE on May 30 to form a…

Bunge opens new wheat milling facility in Mexico

MEXICO - Bunge North America has opened a new wheat milling facility in Del Mayab, Mexico, expanding its reach to customers in Southeast Mexico who account for about 10% of Mexico’s population, reported World Grain. Bunge said the facility’s proximity to the nearby port, Puerto Progresso enhance efficient wheat delivery from the port for processing…

Seed Co Zimbabwe revenue declines 5% on lower sales volume

ZIMBABWE - Seed Co Zimbabwe’s revenue for the year-ended March 31, 2018 declined 5% as a result of production challenges including high disease pressures, drought among other adverse factors. Increase in Other Income from commission based sales and exchange gains saw the profit for the year grow by 5% to US$21.4 million, also reducing finance…

Tyson Foods launches new brand that aims to reduce food waste

USA - Tyson Foods, an American multinational corporation, through its Innovation Lab has launched ¡Yappah!, its first brand that will challenge consumers to reduce food wastes. According to the company, the brand name was inspired by a tradition in the South American Andes called “yapa,” which refers to the little something extra a merchant gives…

IFC launches food safety training to boost standards in Ethiopia

ETHIOPIA - The International Finance Corporation (IFC) has unveiled a new training programme on food safety management practices aimed at boosting standards at both local and international markets. The training which involves food producers, retailers, industry experts and policy makers also has a sole purpose of developing the country’s food processing industry and putting Ethiopian…

Mars Australia signs 20-year deal to source 100% solar energy within two years

AUSTRALIA - Mars Australia, one of the world’s leading manufacturers in the beverage, confections and petcare industries, has signed a 20-year deal in the country to source 100% of its electricity from solar energy. According to FoodBev, the company which owns brands such as M&M’s chocolate and Extra chewing gum, has partnered with Total Eren,…

ABB Technology Ventures invests in Indian food industry start-up

INDIA - ABB Technology, a leading pioneering technology company developing and deploying energy-efficient products and systems, has invested in an Indian food industry start-up, to streamline the dairy supply chain. According to the company, it has invested in Stellapps Technologies through its venture capital unit, ABB Technology Ventures (ATV). Stellapps is India’s first end-to-end dairy…

Arca Continental to build US$250m Coca-Cola bottling facility

MEXICO – Arca Continental, a Mexican beverage manufacturing and distribution company, has made plans to invest US$250 million to build a new distribution and production facility in Houston through its subsidiary Coca-Cola Southwest Beverages (CCSWB). According to FoodBev, the company said that the 1 million-square-foot facility will be the first dedicated Coca-Cola production facility built…

Tyson Foods enters agreement to sell Sara Lee Frozen Bakery and Van’s businesses

​USA – Tyson Foods, one of the world’s largest food companies and a recognized leader in protein, has entered into an agreement to sell its Sara Lee Frozen Bakery and Van’s businesses to private equity firm Kohlberg & Company. According to the company, the sale includes the Chef Pierre, Bistro Collection and Van’s brands, and a…