Twelve chocolate and cocoa companies, including Nestle, Mondelez International, Hershey today (16 March) announced plans to work together to "end deforestation and forest degradation in the global cocoa supply chain", focusing initially on Côte d’Ivoire and Ghana.
Singapore-based Olam International has acquired US peanut processor Brooks Peanut Company for US$85m.
Singapore's Olam International plans to grow its business in Nigeria with the acquisition of the pasta and flour milling operations of BUA Group.
Japanese conglomerate Mitsubishi Corp. is to buy 20% of Singapore-based agri-food group Olam International.
Mondelez International made a notable investment in Asia with a deal to buy 80% of the snacks arm of Vietnamese group Kinh Do. Staying in Asia, Singapore's Olam International revealed it was in talks over "corporate development opportunities" - and we continued our run of interviews, featuring rice supplier Amira Nature Foods, Finnish dairy group Valio and Canadian dairy-free firm Daiya Foods.
Olam International saw first-quarter profits fall almost 3% amid challenges in the agri-food group's hazelnut and dairy businesses.
Singapore-based agri-food group Olam International has said it is in talks on "corporate development opportunities" after its shares rose sharply, prompting a stock market request for information.
Olam International has sold its Cote d'Ivoire dairy plant to FrieslandCampina in a US$18.7m deal.
Olam International has booked a jump in full-year earnings, which were boosted by margin expansion and one-time gains.
Japanese instant noodle group Sanyo Foods has struck a deal to acquire a 25% stake in Olam International's packaged foods business for a consideration of at least US$187.5m.
Olam International is to set up a cocoa processing facility in Indonesia as that side of the Singapore agri-food group's business continues to perform strongly, it said.
Olam International has received a takeover approach backed by Temasek, Singapore's state investment agency, that values the agribusiness at S$5.3bn (US$4.2bn).
Singapore-based agribusiness group Olam International is to become a major international cocoa supplier after announcing a US$1.3bn deal for Archer Daniel Midlands' cocoa business.
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