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M&As, Funding & Investments
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Bunge sells its European margarine & spreads business to Vandemoortele
Vandemoortele aims to expand its presence in Central and Eastern Europe and Scandinavia through this acquisition.
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Israel’s Aleph Farms secures US$29M to streamlines cultivated beef production
The Israeli company has raised US$29 million and expects an additional US$10–15 million. The company is doing so to modify its production process to lower costs and scale up whole-cut cultivated beef.
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Fresh Del Monte expands into avocado oil with Avolio acquisition
Fresh Del Monte strengthens its specialty ingredients division and sustainability initiatives with a majority stake in Uganda-based Avolio.
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Campari Australia plans to sell manufacturing site to Garage Beverages amid global restructuring
Campari Australia has agreed to sell its Derrimut manufacturing facility to Garage Beverages as part of a strategic shift toward brand marketing.
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India’s Aquaconnect invests US$4.5M in aquaculture research
The India-based seafood company is setting up R&D and production facilities to enhance aquaculture formulations.