KAZAKHSTAN > IFC is set to invest $25 million in KazFoodProducts to boost agribusiness in Kazakhstan

IFC logo     IFC is set to invest $25 million in KazFoodProducts LLP. KazFoodProducts is a leading Kazakh food processing company that operates in grain milling and confectionary sectors. IFC also aim to boost Kazakhstan’s agricultural sector with the investment while also expanding the company’s expansion plan along with enhancing global food security. A company that processes and distributes flour, wheat More …

CZECH REPUBLIC > USA based Mondelēz International invests $200 million in Czech Republic biscuit plant

mondelez logo As a part to accelerate growth in Europe and also due to the Company’s Global Supply Chain Reinvention Journey, Mondelēz International invests $200 Million in its Czech Republic biscuit plant in Opava. Currently Opava plant employs around 1000 employees and produces brands like Oreo, belVita, Milka and Cadbury for the European market. According to said Daniel Myers, Executive Vice President, More …

RUSSIA > Germany based DMK Group is set to acquire 100% of Russia based RichArt Group

DMK logo Germany’s largest dairy cooperative, DMK Group is set to acquire the remaining 40% shares of Russia based IKAM Richart Holding GmbH which makes DMK the sole shareholder of the Russian cheese manufacturer RichArt Group . RichArt Group is based in the Voronezh region, Russia. According to Ingo Müller, CEO of the DMK Group: “In focusing our business and expanding further More …

USA > Denmark based Bakkafrost acquires USA based North Landing Ltd

Bakkafrost logo Denmark based Bakkafrost is set to acquire all the outstanding shares of North Landing Ltd. North Landing is the Salmon importer of Bakkafrost and the deal is expected to be closed at the end of May 2018. To better serve its customers, Bakkafrost aims on establishing a base of operation in the US. Over the last decade Bakkafrost has increased More …

ISRAEL > USA based International Flavors & Fragrances Inc. is set to acquire Israel based Frutarom for $7.1 billion

IFF logo   International Flavors & Fragrances Inc.(IFF) and Frutarom have entered into a definite agreement under which IFF will acquire Frutarom in a cash and stock transaction for approximately $7.1 billion including the assumption of Frutarom’s net debt. Unanimously approved by the Board of Directors of both companies, Frutarom’s shareholder will receive $71.19 in cash and 0.249 of a share of More …

USA > Brazil based Marfrig Global Foods is set to acquire 51% interest in USA based National Beef for $969 million  

MArfrig logo   Brazil based Marfrig Global Foods is set to acquire controlling interest in USA based National Beef making Marfrig the world’s second largest beef producer. Marfrig is expected to have annual sales of over $13 billion with the acquisition of 51% of National Beef and will also gain access to markets such as Japan and South Korea. National Beef Packing More …

UK > USA based Nestlé Purina PetCare is set to acquire a majority stake in UK based Tails.com

Nestle purina logo Tails.com is a direct- to- customer tailor—made dog nutrition business that feeds more than 100,000 dogs in the UK. As the personalized as well as subscription based pet nutrition businesses are growing rapidly,  Nestlé Purina PetCare majority stake is bound to present significant growth opportunities for both the companies. Tails.com is a company that is working on bringing tailored dog More …

EGYPT > USA based Archer Daniels Midland Company (ADM) and Cargill are set to launch a joint venture to provide soybean meal and oil in Egypt

Cargill logo Archer Daniels Midland Company and Cargill are launching a joint venture that would own and operate the National Vegetable Oil Company soy crush facility in Borg Al-Arab. The deal also includes a separate Switzerland-based merchandising operation that would supply soybeans to the crush plant and also all the related commercial and functional activities in Borg Al- Arab. Expansion of the plant from More …