Japan’s Asahi Group Holdings is eyeing global expansion with a €2.55 billion bid for SABMiller’s Peroni, Grolsch, and Meantime brands.
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Oaktree Capital-backed AdvancePierre Foods is planning an IPO that could value the company at $2.5 billion.
Agtech startup, Edyn, announced it has raised $2M in seed funding in a round led by Fenox Venture Capital.
U.S. net farm incomes are expected to see a third year of declines, however the rate of decline is slowing according to the USDA.
Associated British Foods is in talks to gain full control of Africa’s largest sugar producer, Illovo, in a deal worth US$254M.
Seattle-based MicaSense has raised $7.4 million from Parrot to support the development of new agtech sensors.
ADM has acquired its first wet corn mill on the African continent with the purchase of a Morocco-based plant from Tate & Lyle.
Alberta Enterprise Corporation has committed $5 million as a limited partner in ag and food tech fund, Avrio Ventures III.
High Road Capital has executed its fifth exit, selling PANOS Brands to Hammond, Kennedy, Whitney & Co. for an undisclosed amount.
As Diageo continues to divest non-core assets, the group has completed its exit from the U.S. wine category.
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