Boulder Food Group (BFG) has invested $2 million in Seed funding in Caulipower – maker of a frozen cauliflower-based pizza crust that is not only gluten-free, but more nutritious than typical gluten-free options. Founded by Gail Becker, a mother of two boys with Celiac, a disorder where gluten causes damage to the small intestines, Caulipower […]
Leading Indian condiments company Veeba Foods has successfully raised a $6 million Series C led by Verlinvest, the investment holding company of Anheuser-Busch InBev’s founders. The round also included Samaa Capital, DSG Consumer Partners, and new investor, Sixth Sense Ventures, with Verlinvest accounting for $4 million of the total round. DSG is reported to have […]
The European Bank for Reconstruction and Development (EBRD) announced it has acquired a 13 percent stake in Agricover Holding – a Romanian agribusiness owned by Iranian investor Jabbar Kanani for RON 32 million (US$8.3 million). The deal, which values the group at US$63.7 million, is expected to close by the end of this year. Agricover […]
Kellogg Company continues to rail against flagging sales and shifts in consumer demand by spending large amounts of capital to diversify its business interests into categories that align with convenience and health-conscious options. The company’s most recent move under its new CEO Steve Cahillane was announced this week as it agreed to acquire RXBAR, the […]
Goldman Sach’s Asian private equity arm has invested US$30 million in exchange for a minority 20 percent holding in South Korea-based Sun-in, a producer and distributor of ingredients supplying bakeries, cafes, and confectioneries across the country. Sun-in Chief Executive Hugo Lee will remain the company’s largest shareholder. Founded in 1987, Sun-in has expanded along with […]
Chickpeas appear to be the recent golden child of the better-for-you snack category. HIPPEAS, a producer of certified organic extruded chickpea puff snacks, announced it has secured a $10 million investment from CAVU Partners. This investment follows only months behind the startup announcing in May of this year that it had closed on an undisclosed […]
Gina Rinehart’s Hancock Prospecting has confirmed the acquisition of the 171,000-hectare Willeroo Station in the Northern Territory of Australia for an undisclosed sum. Located about 100 kilometers west of Katherine, the Willeroo Station runs 20,000 head of cattle, and was acquired from Agri International, the Australian division of the Indonesian company Great Giant Livestock (GGL), […]
New Zealand’s sovereign wealth fund – the NZ$35 billion (US$25 billion) New Zealand Superannuation Fund (NZSF) – has made an undisclosed investment in Palgrove, an Australian beef stud operation, marking the first institutional investment in the Australian beef industry, and the first offshore agricultural investment for the superfund. Launched more than 40 years ago by […]
Personal care product giant Unilever announced it is expanding its presence in the organic food sector with the acquisition of Brazilian organic food company Mãe Terra. The deal for Mãe Terra marks the eighteenth acquisition for Unilever since 2015 and the latest in a string of deals within the ‘better for you’ food space. In […]
New Zealand-based dairy giant, Fonterra, confirmed it has made a takeover bid for Australia’s second biggest dairy processor Murray Goulburn. The bid follows a call by Deutsche Bank for first-round bids for the Melbourne-based dairy co-operative earlier this month, and became known on the same day that Fonterra released its full-year results, which includes a […]
