Masthead introduces Florenz after acquiring Wedderspoon honey
Manuka honey producer Wedderspoon Organic Group has been acquired by New Zealand-based investor Masthead. The acquisition will see Wedderspoon integrated into a new holding company,...
Category : Finance
UK dairy industry cautioned about the financial implications of building climate resilience
To future-proof their farms against climate change, UK dairy farmers are facing the need to invest approximately £3.9bn ($5bn) over the next decade, according to...
Russian backers removed as Fortenova Group takeover finalizes
Fortenova, a Croatian agri-food and retail company, has completed a takeover with local businessman Pavao Vujnovac’s Open Pass taking control. This move follows European Union...
Local investor acquires Italian cured meat business TrinitÃ
Italian investment firm Fondo Italiano d’Investimento has acquired a majority stake in local cured meat manufacturer Trinità Spa Industria Salumi through its subsidiary Fondo Italiano...
Cargill Canadian meat plant strike action concludes after 41 days
The striking workers at a meat plant in Canada, owned by US agri-food giant Cargill, have agreed to return to work after negotiating a new...
Maple Leaf Foods Divests Pork Operations
Maple Leaf Foods is undergoing a significant transformation in the food and beverage industry, as it announces the spin-off of its pork business to create...
Local investor E3 Holding acquires German bakery Pema
E3 Holding, a German investment group, has acquired a majority stake in Pema, a local rye bread producer. The investor purchased 74% of the company,...
Another US pork plant closure planned by Smithfield Foods
Smithfield Foods, a US pork processor owned by China’s WH Group, is closing a ham-boning facility in Altoona, Iowa, putting over 300 jobs at risk....
Australia’s Committee Calls for Food Reforms to Address Diabetes and Obesity
An Australian parliamentary body is recommending a number of reforms in the food and drinks sphere to address the increasing prevalence of diabetes and obesity,...
FNB ownership confirmed for Nestlé baby-food assets in France
FnB Private Equity has finalized the acquisition of Nestlé’s baby-food assets in France, including the NaturNes, Babicao, and Babivanille brands, after five months of negotiations....