T Marzetti Company, a speciality food group of Lancaster Colony Corporation, has completed the acquisition of Omni Baking Company’s assets for $25m.
Omni Baking supplies products to Lancaster Colony’s frozen garlic bread operations, including New York BRAND Bakery Texas Toast.
Lancaster Colony intends to enhance its control of frozen garlic bread products supply, as well as expand its capacities in future through the acquisition.
La Coop fédérée has acquired Cargill’s grain and crop input assets for an undisclosed sum.
The transaction involves the acquisition of assets of 13 grain, agricultural input establishments and Cargill’s 50% stake in South West Ag Partners.
It excludes the export terminal in Sarnia or the AgResource agricultural input wholesaler.
The transaction enables La Coop fédérées’ Agri-business Division’s grain sector to expand its activities in the region.
Cargill’s South West Ag Partners and its Ontario grain marketing group will operate as La Coop fédéré’s marketing entity.
Siemens PLM Software has agreed to digitalise Heilongjiang Feihe Dairy’s business in China.
Founded in 1962, Feihe Dairy is a producer of milk powder formula.
Siemens PLM Software is a business unit of the Siemens Digital Factory Division, which offers software solutions to various industries.
Siemens will work on Feihe Dairy’s research and development, production execution, simulation and testing, as well as quality monitoring and supply chain management.
The digitalisation process enables Feihe Dairy to attain operational efficiency and transparency in its production line.
True North Capital intends to sell its majority stake in VKL Seasoning Ltd for $280m.
VKL Seasoning is an ingredients and flavouring solutions provider, while True North Capital is a private equity fund.
Both the companies involved in the transaction are based in the US.
LesserEvil LLC has raised $1.75m through a financing round.
Based in the US, LesserEvil is a natural food making company.
Wild Friends Foods has raised $3.5m through a series A funding round led by Cambridge Companies SPG.
Other participants include Katjesgreenfood, Echo Capital, the CircleUp Growth Fund and Portland Seed Fund.
The funding round has also involved participation from strategic angel investors including Tony Robbins, Steve Hughes and Jamie Schmidt.
Based in the US, Wild Friends Foods is a clean-food company engaged in the production of nut and seed butter, as well as nut butter-based breakfast items.
