USDA Backing $125 Million Funds for Ag-Related Rural Investments
The USDA announces two investment funds to raise $125 million for investment in U.S. rural ag-related businesses.
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Deal Tracking
Tereos Buys UK Sugar Group as EU Shake Up Looms
FranceÍs largest sugar group makes a strategic acquisition in anticipation of the elimination of EU sugar quotas in 2017.
Australia’s Moxey and Perich Families Form Four-Way Dairy Consortium Backed by Chinese Investment
AustraliaÍs Moxey Farms, Perich Family, Freedom Foods, and ChinaÍs New Hope Dairy partner to form a giant dairy consortium.
DuPont Buying Microbiome Firm, Seeks Edge in Emerging Crop Products
DuPont has acquired California-based microbiome discovery company, Taxon Biosciences Inc., for an undisclosed amount.
Russian Government Invests US$11 Billion to Implement Agricultural Import Substitution Program
Russia is investing US$11 billion to create a program to reduce agricultural imports and become 85% self-sufficient in meat by 2020.
Brief: Lactalis Gets Brazilian Regulators’ Approval to Buy BRF Dairy Units
FranceÍs Lactalis given regulatory approval from the Brazilian government to acquire the dairy units of BRF SA for US$594 million.
Brief: Hancock Agricultural Investment Group Makes $6.8 Million Florida Purchase
Hancock Agricultural Investment Group has purchased 990.7 acres in Manatee County, Florida for $6.8 million.
Nomad Foods to Buy Birds Eye Owner, Iglo for US$2.79 Billion
Nomad Foods is acquiring Iglo, EuropeÍs largest frozen foods group from private equity group, Permira for US$2.79 billion.
Brief: Andros Foods North America to Invest $73 Million to Expand Fruit Processing Operation
Andros Foods North America has announced a $73 million investment to expand its fruit processing operations in Virginia.
Al Safi Danone Investment Will Reduce Iraq’s Dairy Import Reliance: IFC
The International Finance Corp. is investing $18 million in Iraq-based Al Safi Danone to help the country diversify its economy.