M&As, Funding & Investments
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JM Smucker sells Pickle brands to TreeHouse Foods
USA – JM Smucker, an American food and beverage manufacturer, has reached a definitive agreement to sell its Canada-based pickle brands to US peer TreeHouse Foods.…
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New KCC cooling plant to be upgraded to processing plant as govt-led modernization plan enters phase III
KENYA – The Kenyan government has initiated phase three of the modernization and upgrading of New Kenya Cooperative Creameries (KCC) plants nationwide. Cooperatives and MSMEs…
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Savola Group explores sale of stake in Almarai
SAUDI ARABIA – Savola Group, a Saudi Arabian food processing company, is exploring options to sell its 34.52% stake in Saudi Arabian peer Almarai Co.…
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Nigeria plans US$3.2B for livestock sector reforms by 2028
NIGERIA – The Nigerian government has unveiled a plan to allocate 2,500 billion naira (approximately US$3.2 billion) to reform the country’s livestock sector over the…
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Bon Vivant secures US$15.9M to advance dairy-identical protein production
FRANCE – French biotech company Bon Vivant has raised US$15.9 million to accelerate the production of dairy-identical proteins. Based in Lyon, Bon Vivant specializes in…