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Current Position:Home » News » General News » Topic

Deals last week: Fonterra Co-operative Group, Danish Crown, Roquette

Zoom in font  Zoom out font Published: 2018-11-12  Views: 54
Core Tip: Fonterra Co-operative Group Limited intends to raise NZ$150m ($99.5m) through a private placement of senior bonds.
Fonterra Co-operative Group Limited intends to raise NZ$150m ($99.5m) through a private placement of senior bonds.
 
The bonds will have a fixed rate until they mature in November 2025.
 
ANZ and CBA are the joint lead managers for the transaction.
 
Based in New Zealand, Fonterra is a global dairy nutrition company engaged in the production of powdered milk, ready-to-drink milk, yoghurt, cheese, spreads, butter and ice cream.

Danish Crown has inked a €300m ($342m) supply agreement with Win-Chain.
 
Danish Crown is a global meat processing firm, while Win-Chain is a global fresh food sourcing platform under Alibaba Group.
 
Danish Crown will supply 250t of pork from its Chinese processing facility for five years.
 
The agreement will be extended from 2019 to cover a range of products that will be processed and packaged at the Danish Crown factory in Pinghu.
 
Danish Crown has been working with Alibaba Group since August 2018 to sell and market its products on Alibaba’s Tmall.com.
 
Roquette has made an ingredients distribution agreement with Azelis to distribute products in Germany, Austria and the Nordics-Baltics region.
 
The deal will also include south Italy, Russia, Ukraine and other Commonwealth of Independent States (CIS) from January.
 
Based in France, Roquette is a global provider of plant-based ingredients, while Azelis is a speciality chemicals and food ingredients distributor based in Belgium.
 
JBS has signed a three-year supply contract worth $1.5bn with Win-Chain.

Based in Brazil, JBS is a meat company, while Win-Chain is a fresh foods subsidiary of Alibaba.

The transaction is the biggest deal signed between Brazil and China in the meat sector to date and enables JBS to supply beef, poultry, and pork products to Win-Chain.

The JBS products will enter the Chinese market with the help of Win-Chain’s cold chain distribution, commodity brand co-establishment plans, big data support and channel sales.

2 Sisters Food Group (2SFG) has agreed to sell its Manton Wood sandwich business to Samworth Brothers for an undisclosed sum.

Founded in 1993, 2SFG is a privately-owned food manufacturing company based in the UK, while Samworth Brothers is a British food manufacturer and owner of Cornish pasty maker Ginsters.

The Manton Wood sandwich business is a subsidiary of Boparan Holdings and producer of sandwiches, wraps and rolls.

The Kraft Heinz Company has made a deal with Parmalat to sell its Canadian natural cheese business for C$1.62bn ($1.23bn).

Based in the US, Kraft Heinz is a food company, while Parmalat is an Italian multi-national dairy and food corporation.

The sale agreement includes natural cheese brands Cracker Barrel, P’tit Quebec and aMOOza in Canada.

The transaction also includes the sale of Kraft Heinz Canada’s production facility at Ingleside, Ontario, and moves approximately 400 employees to Parmalat.

RBC Capital Markets is the exclusive financial adviser, whereas Fasken Martineau DuMoulin is the legal adviser to Kraft Heinz Canada for the transaction.



 

 
 
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