Minerva Foods Australia acquires Australian Lamb Company for $254m

Minerva Foods Australia acquires Australian Lamb Company for $254m

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 […]

Estonia-based Gelatex raises €1.2m for cell-cultured meat technology

Estonia-based Gelatex raises €1.2m for cell-cultured meat technology

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 to build $300m fully-cooked plant in Danville, Virginia

Tyson Foods to build $300m fully-cooked plant in Danville, Virginia

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 […]

Manna Tree Partners invests in organic beef producer Verde Farms

Manna Tree Partners invests in organic beef producer Verde Farms

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 acquires Nigerian meat processing company Best Foods

Farmcrowdy acquires Nigerian meat processing company Best Foods

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 […]