LATEST NEWS
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Cowbell milk producer Promasidor rumoured to contemplate US$1.5 billion sale
NIGERIA – Promasidor, a food and beverage-products powerhouse headquartered in Nigeria is considering a sale for US$1.5 billion, according to Bloomberg sources. The group has…
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Rockingham Cooperative to invest US$17M in upgrading grain handling, feed operations
USA — Rockingham Cooperative, a Virginia based farmer-owned cooperative, is set to invest US$17 million to upgrade and expand its grain handling and feed manufacturing…
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Magic Spoon makes retail debut after closing $85M funding round
USA—Magic Spoon, a US breakfast cereal maker, has secured US$85 million in investment in a Series B funding round, bringing total funding to date to US$100…
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Arta Capital acquires minority interest in Spanish snacks company Facundo
SPAIN—Arta Capital has acquired 37.4% minority interest in Spanish nuts and snacks supplier Facundo Group from the Villagra family. Vicente Facundo Villagrá will continue as…
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Saudi Arabia’s Savola foods acquires food group EGYBELG
SAUDI ARABIA—Savola Foods, a subsidiary of Saudi Arabia’s Savola Group, has acquired the total assets of food group EGYBELG, with a value of US$33.1million. Al…