Mengniu Dairy offers to acquire infant formula producer Bellamy’s for US$1bn

CHINA – Mengniu Dairy one of China’s largest dairy companies has offered to acquire Australia’s leading organic infant formula producer, Bellamy’s for approximately AUS1.5 billion ($1 billion). Bellamy’s said its board has unanimously recommended shareholders vote to accept the all-cash bid. The deal is also still subject to approval from Australian regulators. The deal will see Mengnui add to its portfolio one of the premium brand in the fast growing infant formula market, in a country which ranks as the world’s largest importer of infant formula products. Currently, Bellamy’s does…

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AB InBev’s Carlton & United Breweries acquires Riot Wine to expand portfolio

AUSTRALIA – Brewing giant Carlton & United Breweries, a subsidiary of AB InBeV has acquired Australian wine company Riot Wine Co, for an undisclosed sum. The deal marks Carlton & United Breweries’ entry into the wine category, expanding outside its key beer portfolio which includes Foster’s and Victoria Bitter and craft acquisitions Pirate Life and Four Pines. Founded in 2016, Riot wine sells wine exclusively in kegs and cans and has significantly grown its wine concept by encouraging consumers to switch from bottles to aluminium cans and steel kegs. Riot…

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USDA invests in scientific research programme to promote sustainable agricultural practices

USA – US Department of Agriculture (USDA) through the National Institute of Food and Agriculture (NIFA) has invested US$77.8 million in research that will focus on sustaining a more abundant, nutritious, and accessible food supply. The funding will see eight land-grant universities lead projects aimed at integrating sustainable agricultural approaches covering the entire food production system. USDA’s Deputy Under Secretary, Scott Hutchins says that the investment will enable adoption of climate smart agriculture techniques to ensure sustainable productivity in the sector. “Investing in high-value research that promotes sustainably intensified agricultural…

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China grants six month transition period for new pet food labels

CHINA – The Chinese Ministry of Agriculture and Rural Affairs (MARA) has issued an additional six months transition period for domestic and foreign pet food producers to transition to new labels as per the new regulations. This follows the six regulatory document concerning pet foods, including the Administrative Measures for Pet Food and the Provisions for Labeling of Pet Food that the ministry announced in April 2018. As per the provisions for labelling of pet food, – indicated in the regulations- pet food producers were authorized to comply with the…

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Indian snacks major Haldiram’s plans US$10m investment in Frozen Bottle

INDIA – Haldiram Snacks, one of the leading snacks and sweet producer in India is in advanced talks to invest in Bengaluru-based milk shake brand Frozen Bottle. According to a DealSteerAsia report, Haldiram’s is looking to invest between US$8 million and US$10 million in Frozen Bottle, a quick-service restaurant (QSR) chain that sells milkshakes and desserts. “Haldiram’s proposed investment into Frozen Bottle will be structured via their family office fund and will involve equity with a strategic investment approach,” sais a person familiar with the development. The traditional snacks maker,…

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Israel’s food majors Tnuva and Tempo back US$283m foodtech initiative

ISRAEL – Tnuva, Israel’s largest food manufacturer has joined forces with leading beverage company, Tempo Beverages and global agrifood investment leader Finistere Ventures in the launch of NIS1bn (US$283m) “Fresh Start” FoodTech Incubator. The FoodTech incubator, also backed by Israel’s most active venture investor OurCrowd, will invest in over 40 advanced technology startups that are expected to revolutionise the food industry. The incubator will focus on advancing Food Technologies along the entire chain of the food and beverage industry. Fresh Start will be focusing on most critical sectors including: milk…

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Bunge acquires stake in Brazilian grains and inputs supplier Agrofel Grains

BRAZIL – Global agribusiness company, Bunge has entered into an agreement to acquire 30% stake in a Brazilian-grain sourcing business, Agrofel Grains and Inputs. Agrofel sells agricultural supplies in the southern state of Rio Grande do Sul supported by 15,000 farmers and 38 units, including warehouses and stores, with a combined capacity of 1 million tonnes and 470 employees.  Founded in Palmeira das Missões, Rio Grande do Sul, Agrofuel operation are primarily centered in buying, selling, exchanging and storing grain and as well as supplying seeds, fertilizers, plant nutrition and…

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Celsius Holdings to acquire Func Food Group for US$24.6m

USA – Celsius Holdings, manufacturer of global fitness drink brand Celsius, has agreed to acquire functional food and beverages company Func Food Group Oyj for US$24.6 million. Func Food is a Nordic wellness company that markets and distributes beverages, protein bars, supplements and superfoods under the brands, FAST Sports Nutrition, CocoVi and FitFarm. The US$24.6 million acquisition deal is comprised of approximately US$15.1 million in cash and the assumption of US$9.5 million of outstanding debt – which Celsius intends to fund with proceeds from subsequent equity offering. The purchase of…

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PepsiCo accelerates plastic waste reduction efforts with new commitment

USA – Multinational soft beverage giant, PepsiCo has unveiled new sustainability target seeking to reduce 35% of virgin plastic content across its beverage portfolio by 2025. To achieve this, the company said it will be working towards increasing use of recycled content and alternative packaging materials for its beverage brands, including LIFEWTR, bubbly and Aquafina. PepsiCo hopes to expand its SodaStream business to drive the avoidance of 67 billion single-use plastic bottles over next five years, furthering the company’s progress in reusable packaging. These targets advance PepsiCo’s sustainable packaging vision and reinforce…

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Bühler’s optical sorting technology receives UK’s most prestigious accolade

UK – Swiss technology company, Bühler has received the United Kingdom’s most prestigious innovation award – the Queen’s Award for Enterprise – for its optical sorting technology, PolarVision. The Queen’s Award, touted as United Kingdom’s “Innovation Oscar”, is the highest award for British businesses which have excelled in the fields of international trade, sustainable development, or innovation. The award was handed over by John Barber, representative Deputy Lieutenant for London Borough of Newham. “Bühler are old hands at receiving these awards. After my first visit to the factory I could…

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