News on Mergers and Acquisitions

Produce World Group has purchased the roots division of Fenmarc Produce, based at Swinderby, Lincolnshire, United Kingdom

Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries, announced today that it has entered into a definitive agreement to acquire Penford Corporation (NASDAQ: PENX), a U.S.-based leader in specialty ingredients for food and non-food applications.

Florimond Desprez, an independent family‐owned company, has acquired Germicopa, the leading French potato seed company and world leader in firm flesh potato varieties.

Archer Daniels Midland Company (NYSE: ADM) announced on October 1, 2014 that it has completed the acquisition of WILD Flavors GmbH.

Farm Frites has signed an agreement with Inner Mongolia Linkage Potato Co. Ltd (Linkage) to set up a joint venture in Wudan Town, Chifeng City in Inner Mongolia in China

Belgian Potato packer Pomuni has acquired its competitor Potato Masters in order to scale up operations in a stagnant European potato market [Update: no, they did not]

The Dutch potato cooperative Agrico has recently purchased more shares in its joint investment Parkland Seed Potatoes Ltd, granting it a majority stake in this Canadian seed potato company.

The Dewulf group has reached a preliminary agreement for the acquisition of Miedema, the one to go to for development and production of modern technology for storage, sorting, transport and planting of potatoes.

HZPC has decided to end its participation in HZPC Sverige AB (Sweden, Billdal). Reason for the decision is insufficient profitability, caused by the slow modernization of the Swedish Seed potato market

HZPC heeft besloten om zijn deelneming in HZPC Sverige ab (Zweden, Billdal) te beëindigen. Reden is de onvoldoende rendabiliteit, die wordt veroorzaakt door de trage modernisering van de Zweedse pootaardappelmarkt

An agreement was reached today to create the world’s third largest quick service restaurant company. Tim Hortons Inc. (TSX, NYSE: THI) and Burger King Worldwide Inc. (NYSE: BKW) today announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector.

McCain Foods said Wednesday it has signed a deal to sell its North American frozen pizza business to Dr. Oetker GmbH.

Yesterday Burger chain Burger King and Canadian Coffee and Donut Chain Tim Hortons confirmed they are in talks to join forces.

Administrators of the New South Wales potato chip business Potato Magic Australia recommend winding the company up and placing it into liquidation.

Himalya International Ltd, a food processing firm based in India, is terminating its frozen foods joint venture (JV) with US-based J R Simplot Company, as per a stock market disclosure.

Administrators at O'Hara & Co have managed to tie up a pre-pack deal for Holme Farm Produce safeguarding jobs and the future of the business.

Potato farmers are looking to take control of the Penola Safries plant to use it for storage.

Potato Magic Australia, a potato chip business owned by one of the country's biggest potato farmers, Paul Rennie, has been placed into administration.