The top foreign investments in Food and related sectors in 47th Week (18th- 23rd Nov) 2019 are:
Avansya, a Cargill & DSM JV, starts EverSweet production:
Global food and nutrition company Cargill and Royal DSM’s joint venture Avansya has started commercial-scale production of EverSweet for stevia sweeteners at fermentation facility in the USA. The new facility is producing EverSweet, a non-artificial, zero-calorie stevia sweetener. Nebraska based $50 million fermentation facility is operating by Cargill. The facility will produce sweet-tasting molecules, such as Reb M and Reb D, for EverSweet making and gives food and beverage manufacturers an even more scalable, sustainable, and low-cost solution. Due to high demand in markets for high-intensity sweeteners produced by fermentation is expected to exceed $3 billion by 2025. EverSweet is well-suited for use in products such as yogurt, chocolate milk, soft drinks, ice cream, cereal, bars, and confectionary.
Royal DSM to acquire Royal CSK for $166 million:
Global nutrition company Royal DSM, agreement to acquire specialty dairy solutions provider Koninklijke CSK Food Enrichment C.V. for $166 million. The combination of DSM’s dairy business and CSK will help to serve the customer better in the fast-growing and attractive dairy markets. The acquisition will also help in delivering differentiating, delicious, and sustainable end products to consumers. DSM will further strengthen its product portfolio and application with CSK know-how and expertise in Food & beverage, in particular in the complementary area of taste, texture, and bio-preservation solutions for semi-hard cheeses such as Dutch heritage cheeses Gouda and Edam.
Fazer expands its oat milling business:
Finnish food industry leader Fazer Group will invest over $33 million in its milling business, to double the milling capacity in Lahti, Finland. The total investment will be equally divided between the mills at Lahti, Finland, and Lidköping in Sweden. Fazer will build two new mills, which will double the current oat milling capacity of the company. The company is executing its future-oriented growth strategy and invests in healthy and sustainable Nordic oats. Fazer is continuously executing its ambitious growth strategy and transforming into a modern sustainable food company, positioning itself as the leading plant-based player in Northern Europe.
Purina opens 21st factory at Hartwell in the United States:
Global pet product manufacturer Nestlé Purina PetCare opens its 21st factory in the United States in Hartwell, Georgia, to unlock growth potential for the production of popular and trusted Purina brands while making a significant impact on the local economy. The $320 million Purina PetCare factory is the company’s first new U.S. factory in the last two decades. Currently, nearly 200 employees work at the Hartwell facility and expected to grow up to 240 over the next few years. Purina also operates a manufacturing facility in Fairburn, Georgia, with more than 350 employees. Nestlé Purina PetCare is part of Nestlé, a world leader in nutrition, health, and wellness.