Funding Acquisition and Finance News
Applied Nutrition Seeks Up to $287 Million In London IPO – Bloomberg
Applied Nutrition is seeking to raise as much as £220 million ($287 million) in its initial public offering, in what could be one of London’s largest first-time share sales this year.
Angel Yeast Invests $43.46m, Establishes New Subsidiary and Facility in Indonesia – FoodBev Media
Angel Yeast is partnering with agricultural company PT Tunas Baru Lampung (TBLA) to set up a subsidiary in Indonesia’s Lampung province. The subsidiary has a registered capital of $54.29 million, of which Angel Yeast will contribute around $43.46 million and hold 80% of the shares.
The Jackfruit Company Raises $5M to Fuel US Expansion and Innovate Jackfruit Products – Vegconomist
The Jackfruit Company (TJC), based in Boulder, Colorado, has secured a $5 million Series B extension funding round led by existing investors InvestEco, Creadev, and Grosvenor Food & AgTech.
Emmi Group Completes Mademoiselle Acquisition – Food Business News
The Emmi Group has completed its acquisition of French pastry manufacturer Mademoiselle Desserts Group.
Cal-Maine Pumps $40m Into Cage-free Egg Production – Just Food
US eggs major Cal-Maine Foods is investing $40m in new capital projects to expand cage-free production.
Chocolate Giant Puratos Makes Strategic Investment in California Cultured’s Cell-Based Cacao – Vegconomist
California Cultured, a startup pioneering plant cell culture to produce cacao, has received an undisclosed investment from Sparkalis, the food tech venture arm of the Belgian international group Puratos.
US Spicemaker Watkins to Be Acquired by Local Investors Cannae, KDSA – Yahoo Finance
The Watkins Company, a US manufacturer of branded herbs, spices, and popcorn seasonings, has agreed to sell a majority stake in the business. The shares have been sold to local investors Cannae Holdings and KDSA Investment Partners.
Pacific Seafood to Take Over Trident Seafoods’ Kodiak Operations – Just Food
Trident Seafoods has struck a deal to sell another asset, with Pacific Seafood set to buy its Kodiak processing facility in Alaska.
Blue Stripes Raises $20M in Series B Funding – Green Queen
US cacao startup Blue Stripes has closed a $20M Series B investment round to develop superfood chocolates, with backers including Hershey’s and celebrity chef Nick DiGiovanni.