The Public Sector Pension Investment Board (PSP Investments), one of the largest pension funds in Canada, has acquired a majority stake in Stahmann Farms Enterprises (SFE) – the largest pecan grower and processor and fourth largest macadamia processor in Australia. Headquartered in Toowoomba, Queensland, SFE is a vertically integrated nut business that was originally established […]
As part of its strategic plan to diversify both beyond and within the dairy sector, Dean Foods Company announced a minority investment in and distribution agreement with Good Karma Foods – a manufacturer of flaxseed-based milk and yogurt alternative products. Based in Dallas, Texas, Dean Foods has more than 50 national and regional dairy brands […]
California-based functional food company Soylent announced it has raised a $50 million Series B led by GV (formerly Google Ventures) and including Tao Capital Partners, and existing investors Lerer Hippeau Ventures and Andreessen Horowitz. This round brings Soylent’s total funding to date to $74.5 million. Launched in 2013 in Los Angeles with $3 million raised […]
The $2 billion Rise Fund, a global impact investment fund managed by TPG Growth – the growth equity and middle market buyout fund of alternative asset firm TPG – announced it has invested $50 million in India’s Dodla Dairy Limited. This investment represents not only the fund’s first investment in the food and agriculture sector, […]
Farmnote Holdings, a Japanese agtech company and supplier of IoT solutions to the dairy and livestock industries, announced it has raised 500 million yen (US$4.5 million) in funding in a round involving four investors: the Innovation Network Corporation of Japan, the National Federation of Agricultural Cooperative Associations (Zen-Noh), the Norinchukin Bank, and Sumitomo Corporation. This […]
New Jersey-based Unilever announced that it has agreed to acquire Sir Kensington’s, a New York-based, mission driven, maker of non-GMO, natural and sustainable condiments for a reported $140 million. This is the first acquisition for Unilever since the group rejected a takeover bid of $143 billion made by Kraft Heinz in February of this year, […]
Cargill announced it has agreed to sell its last two remaining cattle feed yards located in Leoti, Kansas, and Yuma, Colorado to Green Plains Inc.- a vertically integrated ethanol producer with feed lot operations in Kismet, Kansas, and Hereford, Texas, for $36.7 million. The move will enable Cargill to completely exit the U.S. cattle feed […]
Kidfresh, a leading and rapidly growing brand of frozen meals targeted for kids, announced that it has closed on a significant $10 million Series B led by Monogram Capital Partners, and including AccelFoods and Emil Capital Partners, which previously led the company’s Series A in 2013. Founded in 2007 in New York by co-founders Matt […]
Plant-focused venture fund Powerplant Ventures, along with Mark Rampolla, a co-founder of Powerplant Ventures and of ZICO Coconut Water which was later acquired by Coca-Cola for $200 million in 2013, and Bruce Friedman, a media investor who is now transitioning toward investments in the health and wellness spaces, have acquired Beansfield Snacks – a bean […]
Tyson Foods announced it has agreed to acquire AdvancePierre, a Cincinnati-based national producer and distributor of value-added ready to eat sandwiches, sandwich components, entrées and snacks, in a deal worth $4.2 billion. Under the terms of the agreement, which has been approved by the Boards of both companies, Tyson will acquire all of AdvancePierre’s outstanding […]
