Tyson Foods acquires poultry producer Tecumseh Poultry LLC

USA - Tyson Foods, Inc., an American multinational corporation, has become one of the nation’s leading producers of organic branded chicken through its acquisition of Tecumseh Poultry LLC. According to the company, the acquisition includes the purchase of the air-chilled Smart Chicken brand, although the terms of the deal remain undisclosed. Tecumseh Poultry was founded…

Corbion completes acquisition of Bunge’s stake in SB Renewable Oils JV

USA - The Dutch food and biochemical company Corbion N.V has announced it has completed the acquisition of Bunge’s stake in the Orindiúva, Brazil based SB Renewable Oils JV. This involves a 49.9% stake held by Bunge in the joint venture which specialises in the production of algae ingredients, such as Omega 3 rich oil,…

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…

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…

Fonterra partners with Lazada to improve online dairy shopping to consumers

NEW ZEALAND - Fonterra, the world’s largest dairy exporter, has partnered with Lazada, the leading online shopping destination to bring its dairy goodness to online consumers in Southeast Asia for the first time in the region. According to the company, this partnership is the first of its kind with an e-commerce company in Southeast Asia.…

Bayer receives US antitrust approval for US$66bn Monsanto bid

USA - Bayer’s US$66 billion takeover bid for the US based agrochemical and biotechnology corporation, Monsanto, has cleared the last major regulation hurdle by receiving US antitrust approval to form one of the largest agri-chemical conglomerates in the world. CNBC reported that the approval by the Justice Department was granted on condition that Bayer agreed…

JAB Holdings acquires majority stake in UK sandwich shop chain for US$1.73bn

UK - The privately-held investment firm, JAB Holdings has acquired the majority stake in Pret A Manger, a UK-based sandwich shop chain for US$1.73 billion with the deal expected to be completed during summer. Pret, previously owned by an international private equity firm, Bridgepoint was founded in 1983, boasts of more than 500 stores worldwide…

HOCHDORF to acquire traditional Swiss brand Bimbosan AG

SWITZERLAND - The HOCHDORF Group, one of the leading foodstuff companies in Switzerland, has signed an agreement to acquire Bimbosan AG in Welschenrohr. According to the company, the takeover which is of an undisclosed sum will take place retroactively to 30 April 2018. Bimbosan is a family-run traditional Swiss company that has been producing first-class speciality infant…

Tate & Lyle enters agreement to acquire 15% equity in Sweet Green Fields

UK - Tate & Lyle PLC (Tate & Lyle), a leading global provider of food ingredients and solutions, has entered into an agreement to acquire a 15% equity holding in Sweet Green Fields, one of the largest privately held, fully integrated global stevia ingredient companies. This builds on the agreement entered into by Tate &…

Cargill forms partnership in new water sustainability programme

USA - The privately-owned corporation Cargill has partnered with The Nature Conservancy and Nestlé Purina to launch a three-year sustainability programme to reduce water waste in the beef supply chain. The project which claims to save up to 2.4 billion gallons of water over three years will see farmers install weather sensors in crop fields…