Levine Leichtman has agreed to buy FlexXray, which uses X-ray imagery to help clients identify food safety incidents, amid a drastic jump in food recalls in the US.
The Detroit-based lower mid-market firm plans to combine Aquamar and LM Foods into a single platform focused on providing imitation crab meat to North American food service, food manufacturing and retail channels.
Backed by the US firm’s $70m Brazil Renewables Fund, the $115m project is the first of ‘multiple plants’ Summit intends to build within the next two years.
The consumer-focused firm has divested Back to Nature for $162.5m, ending a partnership formed with Mondelez International in 2012.
Trade groups and the USDA expressed hope that the next step will be an agreement to limit the geographic scope of bans that come in response to future bird flu outbreaks.
Training in farming practices and efficient water use will come as part of a $40m program designed to help aid the West African nation recover from civil war.
The deal sponsor hopes to use IF&P Foods as a platform to build a regional produce distributor focused on the Midwest and surrounding areas.
The acquisition of Southern States Cooperative of Virginia will allow Cargill’s animal nutrition unit to expand service to customers on the US East Coast.
Real Asset Portfolio Management, which has advised institutions on more than $1bn in agri investments, says farmland beat all other asset classes over the last 35 years by posting returns of 11.6%.
Houston-based EIV Capital’s $47m investment in AMP Americas will support plans to expand production of biogas using dairy waste as a feedstock.