A majority of the investment will be made to enhance manufacturing operations across Unilever’s four factories in Pakistan over the next two years.Unilever will invest $120 million in its Pakistani operations as it responds to the country’s high potential for long-term growth.
A majority of...
The company agreed to purchase a total of 4,666,667 newly issued ordinary shares representing 40 per cent of total capital stock of Camanor worth $17.5 million. Thailand’s Charoen Pokphand Foods (CP Foods) has inked a deal to acquire a 40 per cent stake in Camanor Produtos Marinhos, one of a l...
Chai Point will use its funding to broadening its operations, especially its beverage vending machine vertical BoxC.Singapore- Organised tea firm Chai Point has raised $20 million in latest funding round led by private equity firm Paragon Partners. The series C round also saw participation from all ...
Consolidated beer volume was up by 11.3 per cent in the company’s Asia Pacific unit. Heineken, the world’s second largest-brewer, saw its global shipments rise 4.3 per cent in the first quarter of the year with significant growth in Asia.
Profits fell to €260 million from €293 mil...
Proceeds from the Facilities will be applied towards capital expenditure and permanent working capital requirements of the Company and COVL in Vietnam, Indonesia, Timor-Leste and Papua New Guinea.Olam International Limited, a leading agri-business operating across the value chain in 66 countries, ha...
NADEC funded the purchase through a 536 million Saudi riyal ($143 million) capital increase.Danone has agreed to sell its Saudi Arabian joint venture dairy company Al Safi Danone (ASD) to the National Agricultural Development Company (NADEC) for an undisclosed sum.
Al Safi Danone produces a range o...
The acquisition is part of efforts to seek potential business opportunities linked to the group’s existing areas of business.NutryFarm International Limited, an investment holding company engaged in the research, development, production, and sale of nutrition, health food, and related health produ...
Danone says that the investment will double the production capacity of the facility.Danone has invested NZL 25 million ($18.3 million) in its Airport Oaks infant formula blending and processing facility in Auckland, New Zealand.
Danone says that the investment will double the production capacity of...
The firm incurred acquisition costs of 2.35 billion baht from the four deals it completed in the quarter which sent net profits down in the first quarter.Thai spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion baht (US $ 122 million), down 62.3 percent from the same pe...
The divestiture will be carried out through a market transaction launched by Yakult and is expected to settle in March.French food company Danone has announced its plans to sell part of its 21.3 per cent stake in Japanese probiotic dairy company Yakult.
The divestiture will be carried out through a...
Newly Weds Foods has announced the acquisition of Mullins Food Products.Newly Weds Foods, Inc. has announced the acquisition of Mullins Food Products, a leading sauce supplier in the U.S. The company was established in 1934 and currently operates out of its facility in Broadview, Illinois.
Mullins ...
Tyson, through its venture capital group, said its investment in Tovala opens the door to new ways of meeting consumer demand. Terms of the deal were not disclosed.Tyson Foods has announced that they have invested in Tovala, the maker of smart steam ovens that pair with ready-to-cook home delivered ...
The decision to significantly increase investments was approved at a meeting in London by Arla Foods’ board of directors, which consists mainly of elected farmer owners. The company will invest in expanded and improved production capacity as well as innovative technology.To meet the growing global...
This is Ripple’s largest capital infusion and brings the two-year-old company’s total funding to $110 million.Goldman Sachs Group Inc recently participated in a $65 million investment in Ripple Foods Inc. The startup is involved in making a milk-like drink from yellow peas.
The invest...
Funding is made through the Agriculture and Food Research Initiative, which seeks to address challenges in food and agricultural sciences through research, extension, and education opportunities.USDA’s National Institute of Food and Agriculture, an equal opportunity lender, provider and employ...
SuperMeat is being backed by the U.S.-based venture capital fund New Crop Capital and mission-oriented VC firm Stray Dog Capital, in addition to the strategic investment from PHW, one of Europe’s largest poultry producers. An Israeli biotech and food-tech startup, SuperMeat that develops lab-made ...
The acquisition is an important milestone in the declared growth strategy for further expanding food processing activities for the world’s leading process solutions and components group for sophisticated production processes.GEA has purchased a supplier of extrusion and milling technology for proc...
The 6 billion yen ($53.2 million) poultry processing facility is slated to debut in October in an industrial park in the central province of Saraburi. Mitsubishi Corp. intends to open a plant in Thailand to fry, steam and freeze chicken for export to Japan and elsewhere, under a joint venture w...
