Olam Group Gets Acquisition Proposal from Saudi Investment Firm
Singapore-based agri-food company Olam Group has received a takeover proposal from the Saudi Agricultural and Livestock Investment Company (SALIC) for its Olam Agri division. This...
Category : Finance
CMI Set to Take Majority Stake in Del Real Foods
Corporación Multi Inversiones (CMI) has announced its intention to acquire a majority stake in Del Real Foods, a prominent US-based Hispanic food company, from Palladium...
BRF Arabia Set to Acquire 26% Stake in Addoha Poultry
Brazil-based meat processing giant BRF has entered into a binding agreement to purchase a 26% stake in Saudi Arabia’s Addoha Poultry Co. This move, executed...
Fresh Del Monte Sells Fresh Leaf Farms Brand and Operations
Fresh Del Monte Produce has finalized the sale of its Fresh Leaf Farms brand and operations to First Leaf Farms for an undisclosed amount. This...
NGOs Urge EU to Strengthen Regulations on Mercury Levels in Tuna
Non-profit organizations Foodwatch and Bloom Association are urging the European Commission to strengthen regulations regarding the sale and advertising of tuna products that contain elevated...
Fountain Plants Collaborates with Solum Partners to Drive Expansion
Fountain Plants, a prominent UK supplier of vegetables and plants, has entered into a strategic partnership with Solum Partners, a U.S.-based investment management company. This...
Paulig Purchases UK Sauces and Condiments Company Panesar Foods
Paulig has expanded its lineup of sauces and condiments through the acquisition of Panesar Foods, a UK-based company. The Finland-headquartered food and beverage leader reported...
California Dairies Announces Closure of Los Banos Facility
California Dairies, a prominent milk marketing and processing cooperative based in the U.S., has declared the immediate closure of its manufacturing facility located in Los...
US Court Exonerates Reckitt and Abbott in Infant Formula Lawsuit
Reckitt Benckiser’s Mead Johnson unit and Abbott Laboratories received a favorable ruling from a Missouri court regarding claims that certain brands of their premature infant...
Van Loon Group Shuts Down Dutch Pork Plant Amidst “Declining Market”
Dutch meat processor and ready-meals manufacturer Van Loon Group has announced plans to close its pork processing facility in Roosendaal at the beginning of next...