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Del Monte sells US canned vegetables operation

The San Francisco based Del Monte Pacific has sold vegetables processor Sager Creek to the canner McCall Farms for USD55 million, the company announced on Thursday. 

US States Canned & Tomato Products

Camil Alimentos to raise IPO price

The giant Brazilian canned fish producer Camil Alimentos expects to raise the pricing of its Initial Public Offer (IPO) up to USD542 million, Reuters reported.

Brazil Canned & Tomato Products

Spanish canning acquisition profitable move for Shanghai

The Spanish canner Albo has ended its first half of the year with a net profit of USD1.9 million, out of a turnover of USD48 mln after the China based fishing company Shanghai Kaichuang Marine International acquired it last year. 

Canned & Tomato Products Financial Results

Camil Alimentos announces IPO price per share

The canned fish firm Camil Alimentos’s Public Offer (IPO) could reach the USD1.5 billion, the company estimated in a preliminary announcement of the price per share. 

Brazil Investments

China Agri-Industries returns to profit

China Agri-Industries Holdings, a subsidiary of Chinese trading giant COFCO, returned to profit in the first half of the year, helped by a big jump in profitability in its ethanol and oilseeds segments.

Financial Results Cofco

Oceana’s profit expected to plummet

Oceana Group, owner of the Lucky Star canned pilchard brand and the Daybrook fish meal and fish oil operation in Louisiana, has predicted earnings per share (EPS) to drop between 35-50% for the fiscal year ending in September 30.

Middle East and Africa Canned & Tomato Products
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Investments

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Del Monte sells US canned vegetables operation

The San Francisco based Del Monte Pacific has sold vegetables processor Sager Creek to the canner McCall Farms for USD55 million, the company announced on Thursday. 

US States Canned & Tomato Products

Spain pushes ahead with pistachio nut production scheme

Spain’s Borges Agricultural & Industrial Nuts (BAIN), Spanish financial services company CaixaBank and the rural development and cooperation association ACORD have signed an agreement to back an investment project that will help to realise the farming component of a pistachio nut production scheme in Segarra-Garrigues. 

Pistachios Spain

Mis-shaped raw material proves a winner

Misfit Juicery, an anti-food waste company based in Washington DC, the US, that uses misshapen or bruised produce to make bottled juices, has rebranded as the business lands deals with high-profile retailers. The move also positions the startup to expand beyond juice.

Beverages United States

Mis-shaped raw material proves a winner

Misfit Juicery, an anti-food waste company based in Washington DC, the US, that uses misshapen or bruised produce to make bottled juices, has rebranded as the business lands deals with high-profile retailers. The move also positions the startup to expand beyond juice.

United States Beverages

Chinese fresh fruit retail chain plans massive expansion

Pagoda, a chain of fresh fruit shops established some 15 years ago, has announced plans to have 10,000 stores by 2020.

Asia Pacific China

Gulf food company sells stake in juice/dairy giant

Saudi Arabian food maker Savola Group is to sell its 2% stake in Almarai, the Gulf’s largest dairy and fruit juice company, for SAR1.12 billion (USD307.6 million).

Commercial Investments
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M & A

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Vietnam sugar producers merge to compete with Thai sugar

Vietnamese sugar company Thanh Thanh Cong Tay Ninh (SBT) is acquiring Bien Hoa (BHS) in the hope being competitive in both the domestic and regional market, according to local press reports.

Vietnam Sugar

Inventure Foods sells frozen foods division

The specialty food manufacturer has entered into an agreement for the sale of its frozen fruits, vegetable blends, beverages, and frozen desserts business to Oregon Potato Company, for USD50 million.

Frozen Foods Operations

Pom Wonderful maker buys fruit grower

California-based food and beverage outfit Wonderful Co, which owns the Pom Wonderful fresh fruit and juice brand, has acquired Ruby Fresh Inc, a pomegranate grower and distributor, for an undisclosed sum.

Fresh Fruit & Vegetables Commercial

Bunge buys controlling stake in palm oil firm IOI Loders

Agricultural commodities giant Bunge Ltd has agreed to buy a 70% stake in Malaysian palm oil products company IOI Loders Croklaan for USD946 million.

M&A Bunge

Barry Callebaut expands specialities & decorations business

Swiss chocolate giant Barry Callebaut is expanding with the acquisition of the ingredients division of US company Gertrude Hawk Chocolates.

M&A Deals

Ackman sells stake in frozen food processor Nomad Foods

Ackman’s Pershing Square Capital Management, largest shareholder of the company, announced the start of a public offering for the hedge fund’s stake of more than 33 million shares. The stake would be worth USD497 million at Tuesday’s closing price of USD14.92 a share, Reuters reported.

United States Frozen Foods
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Operations Explore this Topic

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Jamaican soft drinks company sells up

Rudisa Holdings, a Surinamese company which acquired the old Coca-Cola plant in Kingston, Jamaica, in 2009, has abandoned any idea of making soft drinks there.

Carbonates Beverages

Spain pushes ahead with pistachio nut production scheme

Spain’s Borges Agricultural & Industrial Nuts (BAIN), Spanish financial services company CaixaBank and the rural development and cooperation association ACORD have signed an agreement to back an investment project that will help to realise the farming component of a pistachio nut production scheme in Segarra-Garrigues. 

Pistachios Spain

Bolivian Brazil nut exporter makes moves to focus more on domestic market

Bolivian-based Brazil nut exporter Empresa Boliviana de Almendras y Derivados (EBA) has suspended Brazil nut exports to Europe and the US in order to prioritise the domestic market, due to low availability of Brazil nuts following a drought that harmed the 2016/17 crop, said Patricia Ballivián, general manager at Bolivia’s Service for the Development of Productive Public Companies (SEDEM).

Brazil Nuts Bolivia

Mis-shaped raw material proves a winner

Misfit Juicery, an anti-food waste company based in Washington DC, the US, that uses misshapen or bruised produce to make bottled juices, has rebranded as the business lands deals with high-profile retailers. The move also positions the startup to expand beyond juice.

Beverages United States

Mis-shaped raw material proves a winner

Misfit Juicery, an anti-food waste company based in Washington DC, the US, that uses misshapen or bruised produce to make bottled juices, has rebranded as the business lands deals with high-profile retailers. The move also positions the startup to expand beyond juice.

United States Beverages

Chinese fresh fruit retail chain plans massive expansion

Pagoda, a chain of fresh fruit shops established some 15 years ago, has announced plans to have 10,000 stores by 2020.

Asia Pacific China
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Lower almond prices dent Select Harvests' profits

Major Australian almond grower Select Harvests has recorded a 73% plunge in full year profit after wet weather and lower nut prices impacted its bottom line.

Financial Results Almonds

Mondelez revenues hit by malware attack in second quarter

US confectionery and snacks maker Mondelez International reported a 5% drop in net revenues for the second quarter of 2017, mainly driven by a malware attack in June which it said affected shipments.

Financial Results Operations

Dutch juice supplier opens Malaysian office

SVZ, a Netherlands-based supplier of fruit juices, concentrates, purées and fruit preparations, is to open a sales office in Kuala Lumpur, Malaysia, for customers in the Asian region. A new sales manager, Kevin Cheong, has also been appointed to support strategic growth in Asia.

Malaysia Operations

Prodalim Group names Hoerger as chief sales officer.

Stefan Hoerger took up his new position with Prodalim, a processor and blender of juices with operations worldwide, on 1 July. He is based in the group’s new sales office in Frankfurt, Germany.

Germany Europe

Chocolatier releases new products with US prunes

Award-winning chocolatier Paul A. Young has introduced a further three new chocolates featuring California prunes.

Prunes Markets

Over 20 countries represented at the Global Tomato Forum

The 2017 edition of the Forum held in Rome in June 6-9 has seen the participation of 125 delegates across 25 different countries, according to the organisers.
Italy Fresh Fruit & Vegetables
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