CHINA > US based Cargill invests more than $15 million to add a piglet feed production line at its existing facility in Tianjin, China

Cargill logo To bolster its young animal nutrition capability, US based Cargill invests more than $15 million to add a piglet feed production line at its existing premix and nutrition facility in Tianjin, China. Featuring cutting edge technology, the nearly 7,000 square meter young animal nutrition facility is set to produce Neopigg™, a sustainable world-class piglet feed. According to John Fering, Managing More …

CANADA > France based Neovia S.A.S to acquire Canada based Epicore BioNetworks Inc.

Epicore logo Neovia S.A.S and Epicore BioNetworks have entered into an agreement dated October 13, 2017 in which Neovia is set to acquire all of the issued and outstanding shares of Epicore on a fully- diluted basis for a price per share Canadian Dollar 1.30 ($1.02) approximately valuing Epicore at Canadian Dollar $35.6 million ($27.89 million) representing a premium of Epicore shares More …

USA > Germany based Bayer to invests $8.1Mn in Soybean Advancement in US

Logo_der_Bayer_AG.svg Germany based Bayer to invest $8.1 million for Soybean Breeding and Trait Development Center at the Midwest Field Technology Station (MFTS) in USA. As per Bayer’s press release growers in Illinois and across the Midwest now have the added benefit of a soybean research facility, increasing accessibility of high quality, locally adapted seeds and raising the bar for yield opportunity.   About More …

LATVIA > Hong Kong’s PE firm PAG to invest $171.6Mn in Latvia based Food Union Group

Logo_FUN_VP_RPK Hong Kong based PE firm, PAG is set to invest €161.6Mn ($171.6Mn) in Latvia based Food Union Group. The PAG investment also saw an existing partner in Food Union Group, US based Meridian Capital add further €52.4Mn ($55.6Mn) bringing the total investment to €214Mn ($227.23Mn). The investment from PAG and Meridian Capital is expected to finance the expansion plans of Food More …

USA > ADM to sell its Crop Risk Services (CRS) business to Validus Holdings for $127.5 million

VR-Logo Chicago, USA based ADM (Archer Daniels Midland) to sell its (CRS) business to Validus Holdings for $127.5 million. The deal is still subject to regulatory approvals and is set to close in first half of 2017. After the deal it is expected that almost all the employees will be transferred to CRS business under Validus. Validus as a company provides More …

IRELAND > Fyffes to be acquired by Sumitomo Corporation for $798Mn

Fyffes_SVG_logo.svg Japan based Sumitomo Corporation is slated to acquire Ireland based Fyffes for €751Mn ($798Mn). Sumitomo offered €2.23 ($2.38) a share for Fyffes business. Fyffes annually distributes about 46 million cases of bananas in Europe. It also has hands in pineapples, melons and mushrooms business. Sumitomo was advised by JPMorgan Chase & Co. for the deal and Lazard and Davy Corporate Finance More …

BRAZIL > US Based Mosaic Acquires Vale’s Fertilizer Unit for $2.5 Billion

mosaic_logo US based The Mosaic Company acquires fertilizer business of Brazilian Mining Company-Vale in a deal worth $2.5 billion. Half of the $2.5 billion will be paid in cash, while Mosaic will issue roughly 42.3 million shares of common stock for payment of other half of deal. The deal with Vale include: Vale’s phosphate and potash assets in Brazil, excluding phosphate assets in More …

THAILAND > US based Cargill Invests $50m in Thailand to Expand Poultry Operations

cargill US based (Minnetonka, Minnesota) Cargill is investing US$50 million in poultry processing operations in Thailand. The facility is located in the Nakhon Ratchasima province in Thailand. This expansion will create 1,400 new jobs in the province. The new building is expected to start operating in the first quarter of 2018. Many independent smallholder broiler farms in local communities are engaged to More …