Minerva Foods Australia, a joint venture (JV) between Saudi Agricultural and Livestock Investment Company (SALIC) and Minerva Foods, has acquired the Australian Lamb Company (ALC) for AUD 400 million ($254.3 million). The Australian Lamb Company is a meat producer in Australia, which has a couple of meat processing facilities in Victoria. The meat processing company […]
Gelatex Technologies, an Estonia-based producer of nanofiber materials, has secured €1.2 million in a seed round for developing cell-cultured meat. The seed round was led by Change Ventures, a seed stage venture capital fund based in the Baltic states, and Crosslight Partners, Swedish growth investor focused on innovative firms in the food and agriculture industries. […]
Tyson Foods has announced a $300 million investment in Virginia for constructing a new, fully-cooked plant in Danville that will primarily produce the Tyson branded chicken products. According to the US meat processing giant, the project is part of its efforts to cope up with rising demand and deliver on its strategy of expediting long-term […]
Maple Leaf Foods, a Canadian consumer packaged meats company, has reached an agreement to sell its poultry plant in Drummondville, Quebec, and associated supply, to Giannone Poultry, for an undisclosed price. As part of the deal, the parties have signed a three-year supply agreement for enabling Maple Leaf Foods to maintain its supply of fresh […]
UK pork processor Tulip Limited is planning to close its pork processing plant in Tipton in the West Midlands, leading to the loss of more than 640 jobs. The pork processing company made this decision due to a loss of £80 million in the year to the end of September, which followed a loss of […]
Private equity firm Manna Tree Partners has made a minority investment of $15 million in US organic beef producer Verde Farms. Based in Massachusetts, Verde Farms is said to supply retail, club, and foodservice customers with 100% grass-fed, 100% pasture-raised, organic beef. Founded in 2005, the organic beef producer is claimed to have increased its revenue […]
Farmcrowdy, Nigerian digital agriculture platform, has acquired majority stake in meat processing company Best Foods for an undisclosed price to offer the market with broader livestock production and processing solutions. Best Foods, which offers wholesome livestock and domestically grown agricultural produce, is among the largest meat processors in Nigeria with a daily processing capacity of […]
Meat industry news : The recent meat hygiene scandal in the UK seems to have taken its toll on Derby-based meat supplying business Russell Hume as it moved into administration, leaving the fate of 300 employees in the dark. Russell Hume is one of the two meat suppliers that had recently come under the scanner […]