Fonterra re-enters India through a joint venture with Future Group

INDIA - New Zealand dairy giant Fonterra has partnered with fast moving consumer goods arm of Future Group, Future Consumer Ltd to form a joint venture that will see the dairy co-operative launch dairy products in India. Fonterra Future Dairy Partners, a 50:50 joint venture will enable Fonterra tap a significant portion of the dairy market…

Perdue Farms subsidiary acquires Cargill’s closed elevator in the US

USA - Perdue AgriBusiness, the grain subsidiary of the Salisbury based Perdue Farms has acquired a shuttered Cargill grain elevator in Vincennes, Indiana, U.S, set to reopen for the 2018 harvest. The companies said while the sale is finalized, the elevator will be operated as a leased facility and at the moment, Perdue is undertaking…

IMCD completes acquisition of US specialty chemicals distributor E.T. Horn Company

USA - IMCD N.V., a leading distributor of specialty chemicals and food ingredients, has announced that it has successfully completed the acquisition of 100% of the outstanding shares of US specialty chemicals distributor E.T. Horn Company. According to the company, this agreement on the acquisition of HORN was announced by IMCD in its press release…

P&G receives CCI’s approval to acquire 51.8% stake in Merck Ltd for US$187m

INDIA - Competition Commission of India has given Procter & Gamble a nod to acquire 51.8% stake in the Indian listed drug firm Merck Ltd for US$187.83 million, according to ET Retail. This is part of the deal to acquire German Merck's consumer health business valued at US$3.4 billion as it looks to expand its…

Land O’Lakes SUSTAIN acquires software company Agren

USA - Land O’Lakes SUSTAIN has announced that Land O’Lakes, Inc., a member-owned agricultural cooperative, has acquired substantially all assets of Agren, Inc., an Iowa-based software company. According to the company, Agren’s soil health and conservation planning software is already helping Land O’Lakes lead the way on innovative conservation stewardship. The Agren business and tools…

Mitsubishi Corporation to acquire 80% stake in food manufacturer Gourmet Delica

JAPAN - Mitsubishi Corporation, Japan's largest trading company, has announced plans to purchase an 80% stake of Gourmet Delica Co., Ltd. from its current owner Kewpie Corporation. Gourmet Delica manufactures pre-cooked rice and other delicatessen for use in lunch boxes, most of which is sold to Lawson Inc., the operator of Japan’s third largest chain…

HUL signs agreement with Vijaykant Dairy to acquire Adityaa Milk ice cream business

INDIA - Hindustan Unilever Limited (HUL), a consumer goods company, has announced that it has signed an agreement with Vijaykant Dairy and Food Products Limited (VDFPL) and its group company to acquire its ice cream and frozen desserts business consisting of its flagship brand ‘Adityaa Milk’ and front end distribution network across geographies. According to…

Emmi increases stake in Emmi Ambrosi France from 51% to 85%

FRANCE – Emmi, a Swiss milk processor and dairy products company, has increased its stake in Emmi Ambrosi France, a packaged cheese joint venture in France, from 51% to 85%. According to FoodBev, the business was founded in 2008 following a collaboration between Emmi and Italian cheese specialist Ambrosi, as the companies aimed to offer…

Amcor Limited to acquire Bemis after a unanimous approval

AUSTRALIA - Amcor Limited, a global packaging company, and Bemis Company, Inc., a global manufacturer of flexible packaging products, have announced that their respective Boards of Directors have unanimously approved a definitive agreement under which Amcor will acquire Bemis in an all-stock combination. According to Amcor, the partnership will provide the footprint, scale and capabilities…

Heineken to acquire 40% of China Resources Beer company for US$3.1b

NETHERLANDS - Heineken, a Dutch brewing company, has struck a US$3.1 billion partnership with a company that controls China's largest brewer, China Resources Beer, for a 40% stake as they seek to tap a growing thirst for premium brands in the world's biggest beer market. According to the company, the partnership will give it a…