Merit Functional Foods receives investment to expand its disruptive plant protein technology

CANADA – Merit Functional Foods, in consortium with Pitura Seeds and The Winning Combination, has received a co-investment from Protein Industries Canada (PIC), to facilitate the rapid growth of the new company. PIC is an […]

Bunge divests its Brazilian margarine and mayonnaise assets

BRAZIL – Bunge Limited has agreed to sell its margarine and mayonnaise assets in Brazil to Seara Alimentos S.A., in a move that seeks to streamline the company’s operation in the country. The transaction includes […]

Unilever opens US$94m global Foods Innovation Centre in Netherlands

NETHERLANDS – Unilever has opened a new €85 million (US$94m) global Foods Innovation Centre on the campus of Wageningen University, located in the “Food Valley” area in the Netherlands. The new center, named ‘Hive’ for […]

Bidco Africa and Land O’Lakes commission US$12m upgraded animal feed plant

KENYA – Edible oils manufacturer, Bidco Africa, has teamed up with American conglomerate Land O’Lakes to invest KSh1.2 billion (US$12m) in the upgrade of an animal feed factory in Nakuru, Central Kenya. According to Business […]

China’s food processing giant COFCO offers to acquire Agri-Industries Holdings for US$1.1bn

CHINA – State-owned food processing holding company, COFCO has unveiled plans of privatizing its Hong Kong listed unit, China Agri-Industries Holdings as it looks to pursue a flexible development strategy. COFCO has tabled a HK$8.9 […]

Olam’s Makouke palm plantation in Gabon achieves RSPO certification

GABON – Makouke Plantation, managed by Olam International’s subsidiary Olam Palm Gabon, has become certified by the Roundtable on Sustainable Palm Oil (RSPO), making the multinational food and agribusiness company be on track to achieve […]