The acquisition will enable the Chicago-based pork rind manufacturer to grow its product line and its West Coast presence.
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Lyons Magnus is partly owned by members of the family that founded Wawona Packing, the fresh produce packaging company that Paine supported in May.
Instead of being ‘poverty traps,’ rural areas can drive economic growth in developing countries, the FAO says.
The bank will decide by November whether to commit to the private equity vehicle, which has the same target as its predecessor but a higher hard-cap.
Nigeria’s government says it is looking at similar arrangements with other institutions to help prop up the country’s farmers.
Brad Riemenapp will replace Ken Ross at the helm of Global ID as the company looks beyond GMO testing.
The firm is set to complete two deals ‘in the short term’ as it progresses towards a $500m final close in March or April next year.
The deal, completed just three months since the company raised €45m, will enable the Dutch firm to expand by adding mealworms, crickets and locusts to its portfolio.
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.
Poor safety standards at China’s mega-farms are threatening investors with a crisis. But the potential returns earned by improving meat production processes provide an opportunity of the same scale.