Marketing technology company Primary Opinion has acquired 48% stake in Australian food company Maggi Beer Products for $15m. The stake sale comes after the food producer Maggi Beer cancelled its plans to issue a public offer. Of the ...
Tags: Primary Opinion, Maggi Beer
Australian dairy processor Burra Foods has signed an agreement with dairy farming company Inner Mongolia Fuyuan Farming, allowing the company to gain a majority shareholding in it. The move is part of Burra's growth plans to improve ...
Tags: Burra Foods, dairy processor
Indian food company MTR Foods is planning to invest Rs 2bn ($30m) in the next four to five years to increase its production capacity from 45,000 mt to 72,000 mt at its facility in Bengaluru, the capital city of the country’s southern ...
Tags: MTR Foods, Orkla Foods
Brazilian poultry exporter BRF has entered into an agreement to acquire the remaining stake in Oman-based frozen food distributor Al Khan Foodstuff (AKF). Currently, BRF owns 40% stake in AKF and the total acquisition is is estimated ...
Tags: Frozen Food, frozen food products
Fonterra Australia has entered into an agreement to sell its 36.02% stake in Dairy Technical Services (DTS) to a consortium that includes Bureau Veritas Singapore and AsureQuality. The stake sale will result in Bureau Veritas Singapore ...
Almarai Company has evinced interest in acquiring a controlling stake in UAE-based National Food Products Company (NFPC). NFPC has initiated the competitive sale process for part of its share capital and has informed Almarai to progress ...
Tags: NFPC, National Food Products Company, Almarai, Acqusition
Siemens and Valeo have signed an agreement to establish a joint venture (JV) to develop powertrains for electric cars. The JV will have headquarters in Erlangen, Germany, and facilities in France, Norway, Poland, Hungary and China. ...
Tags: Siemens, Valeo, JV, Joint venture, Powertrains, Electric cars
Calida Holding AG has reached an agreement to acquire another 11.63 percent chunk of Lafuma, the French company that owns the Millet, Eider and Lafuma outdoor brands the Oxbow surf brands. The Swiss apparel company said it expected to ...
Tags: Calida, Lafuma, Acquisition
Commodities trading company Glencore has entered into definitive agreement with Canada Pension Plan Investment Board (CPPIB) to sell 40% equity interest of Glencore Agricultural Products for $2.5bn in cash transaction. Glencore's ...
Tags: Glencore, Canada Pension Investment Board, CPPIB, Agricultural Products
China-based investment firm Legend Holdings has signed a strategic agreement with Australian seafood company Kailis Family. Under the agreement, Legend Holdings and Kailis Family will form a joint venture named KB Food Group, in which ...
Tags: Legend Holdings, Cooperation, Kailis Family, Seafood
Flavored beverages producer Dr Pepper Snapple Group (DPS) has purchased an additional stake in BA Sports Nutrition, makers of premium sports drinks line Bodyarmor. The firm has invested an additional $6m to increase its stake from the ...
Tags: Dr Pepper Snapple Group, DPS, BA Sports Nutrition, Bodyarmor
India-based private equity firm Everstone Group has completed the acquisition of Modern Foods, a bakery business of the Hindustan Unilever Limited (HUL). Following the acquisition, Everstone aims to triple the brand's revenue to Rs 10bn ...
Tags: Everstone, Modern Foods, Acquisition, Bakery business, HUL
Middle East Food Solution Company (MEFSCO), a joint venture between Arabian Agricultural Services Company (Arasco) and Cargill, is planning to set up a plant to produce fructose, glucose and starch products in Saudi Arabia. In this ...
US commercial packaging company Graphic Packaging International has signed an agreement to acquire converting assets from Metro Packaging & Imaging. The acquisition is a part of the company's effort to develop the best supply chain in ...
Tags: Graphic Packaging, Acquisition, Metro Packaging&Imaging
Plant-based ingredients provider Naturex has divested its stake in the joint venture with Aker Biomarine which was created to krill extract production. As part of the agreement, Aker BioMarine will pay Naturex an undisclosed sum ...
Tags: Naturex, Aker Biomarine, Ingredients provider, Extract production