ABP Food Group’s Post

We are pleased to announce that Olleco Bunge continues its ongoing expansion in Europe with its fifth acquisition in Spain and first two in the Netherlands.  In Spain, the company acquired Savisol Málaga, with operations in the cities of Málaga and Cádiz, which will strengthen Olleco Bunge's service offering across the region.  In the Netherlands, the acquisitions of Klep & Zn Recycling and De-Vetboer, located outside of Rotterdam and Amsterdam respectively, will bolster Olleco Bunge's existing Dutch operations to cover the entire Randstad region.     These acquisitions will enable Olleco Bunge to help drive synergies with existing operations, offering a unique circular economy solution for edible oils for the hospitality, foodservice and food manufacturing industries. #Expansion #Growth #CircularEconomy

We are pleased to announce that Olleco Bunge continues its ongoing expansion in Europe with its fifth acquisition in Spain and first two in the Netherlands. In Spain, the company acquired Savisol Málaga, with operations in the cities of Málaga and Cádiz, which will strengthen Olleco Bunge's service offering across the region. In the Netherlands, the acquisitions of Klep & Zn Recycling and De-Vetboer, located outside of Rotterdam and Amsterdam respectively, will bolster Olleco Bunge's existing Dutch operations to cover the entire Randstad region. These acquisitions will enable Olleco Bunge to help drive synergies with existing operations, offering a unique circular economy solution for edible oils for the hospitality, foodservice and food manufacturing industries. #Expansion #Growth #CircularEconomy

The majority share of RP Logistics Oy becomes part of the Olmar Finland group. In Kotka, Finland, 21 December 2023 The logistics group Olmar Finland Oy has acquired the majority of the shares of RP Logistics Oy (www.rpgroup.fi). RP Cap Oy (Petri Lempiäinen) has sold its shares on December 19, 2023 to Olmar Finland. The purchase price is not published. Operating primarily in the Ports of Hamina-Kotka and industrial plants in the area, RP Logistics Oy and its subsidiaries form a significant player in their field. The company has extensive material handling equipment, warehouses and outdoor storage facilities, as well as a professional and committed staff of over 100 employees. The group's turnover was almost EUR 20M last year. The company plays a key role as a service provider for forest industry products in the region, such as lumber and pulp/paper producers. Olmar is committed to promoting a sustainable circular economy and reducing the use of petroleum-based plastics. This acquisition is in line with Olmar's commitment. Olmar maintains and improves the services offered to RP Group's customers, while prioritizing the reduction of carbon dioxide emissions from port operations. RP Logistics founder Petri Lempiäinen will continue as an advisor, while Olmar Finland's CEO Timo Lehtinen will take over management responsibility for RP Group's operations and its employees, in addition to the current operations in Pori, in Mäntyluodo and Tahkoluoto. Olmar focuses on investing in strategic port infrastructure, which needs more sustainable processes and investments in digitalization and automation. Petri Lempiäinen tells about the background of the acquisition. "I have managed RP Group for about a quarter of a century and have been able to work with an incredibly skilled and committed team. This is evidenced by the fact that RP Group has been successful in its field year after year. It's often not easy for an entrepreneur to give up, but Olmar shares the same responsible values with me, and that's why it was possible to make the deal. The company gets a good new principal owner. My own work continues in the role of Olmar's advisor and e.g. as chairman of the board of Fenniarail, part-owned by our family company".   Media inquiries: Petri Lempiäinen (For the contact information visit www.rpgroup.fi) #rpgroup #olmarfinland #acquisitions #logisticsindustry #portsandterminals #csr

Shrimp sector consolidation is accelerating, driven by lower interest rates and larger companies entering the market. 🌍🦐 Gorjan Nikolik will discuss mergers and acquisitions (M&As) with industry leaders at the Global Shrimp Forum. 🗣️📈 Panellists include executives from BioMar, Omarsa, Hendrix Genetics, and Captain Fresh, who will share their experiences with M&As and strategies. 💼🌐 Discussion topics include the benefits and challenges of inorganic growth, scale economics, and international expansion. 🌎🔍 Seafood investors will provide insights on the investment community's view of the shrimp sector and its future opportunities. 💸🔮 Read the full article here: https://lnkd.in/dFRgQxwh #aquaculture #crustaceans #shrimp #shrimpfarming #globalshrimpforum

Our compounding journey continues, France and Benelux as a next step.

Market News: The El Nino impact is starting to surface its head having largely effected agri and real estate businesses. Yesterday, shares in Elders Limited plummeted 25% during trading yesterday to close at $7.43, after the agriculture and real estate group said first half trading was "significantly below" expectations, impacted by the El Niño. Elders expects underlying EBIT of between $120 million and $140 million for the 2024 financial year. The group's FY23 underlying EBIT was $170.8 million, a 26% drop compared to the previous year. In M&A news: *WiseTech Global enters agreement to acquire Aktiv Data,  a provider of electronic customs and freight forwarding solutions in Finland. *Ansell [ASX:ANN] has agreed to acquire the Personal Protective Equipment (PPE) business of Kimberly-Clark, a US-based company, which designs and markets hand, body, and eye protection products under the Kimtech and KleenGuard brands. Deal terms of Cash: USD 640m. *Madison Dearborn has reportedly made a bid to acquire human services provider APM for $1.40 per share.  *La Bottega, an Italian contract manufacturer of cosmetics backed by private equity firm The Equity Club, has acquired 70% of Vanity, a privately-held Australian company operating in the same sector. Vanity was founded in 1980 by Paul Tsalikis and has turnover of AUD 50m. *Duni, a Swedish supplier of dining and food packaging solutions, has announced the acquisition of Huskee, an Australia-based company specializing in coffee cups made from waste and recycled materials, by its subsidiary BioPak Group. *WA’s Purpose Ventures VC fund raises $45m and makes its first follow-on investment in PlanCare. Have a great TUESDAY all! #mergers #acquisitions #finance #womeninbusiness

#transactionnews 📰 𝐄𝐥𝐞𝐯𝐞𝐧𝐭𝐡 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒: 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐝 𝐭𝐡𝐞 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐖𝐢𝐥𝐝𝐚 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐨𝐜𝐡 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐚𝐝 𝐀𝐁 𝐚𝐧𝐝 𝐍𝐔 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐚𝐝 𝐀𝐁 𝐟𝐫𝐨𝐦 𝐖𝐢𝐥𝐭𝐨𝐧 𝐈𝐧𝐯𝐞𝐬𝐭 𝐀𝐁. The company will strengthen Terranor Group as a new add-on investment and the Goods & Services segment of Mutares. The acquired truck companies are specialists in transporting construction goods and equipment, winter and summer road operations as well as traffic safety support and primarily serve general contractors for road operations as customers. Both companies generated revenues of approx. EUR 10 million in 2023 with significant growth potential in all segments. Robin Laik, CEO of Mutares, comments: “With this strategic add-on acquisition, the Terranor Group leverages the successes, particularly in Sweden, to accelerate the ambitious diversification strategy. This add-on represents another step towards integration of the upstream supply chain. Adding the vast synergy potential of Mutares’ presence in Sweden, we are positioned to solidify our market position as a Swedish leader in the state road operations and maintenance segment.” 👉To the press release: https://lnkd.in/dZ2zhT8N #listed #privateequity #growth #portfolio #mutares

𝐎𝐫𝐨𝐫𝐚 𝐜𝐨𝐧𝐟𝐢𝐫𝐦𝐬 𝐩𝐫𝐢𝐜𝐞 𝐨𝐟 𝐒𝐚𝐯𝐞𝐫𝐠𝐥𝐚𝐬𝐬 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 Australian packaging group Orora has said its acquisition of SAVERGLASS was completed for €1,309.7m ($2,158.8m). In its latest financial note, Orora said an extra $40.4 million was also spent on transaction costs relating to the acquisition of the French #glass manufacturer. Its financial results of the second half of 2023 reported that the first month of Saverglass’ earnings since the acquisition on December 1 were in line with expectations. It said: “Saverglass’ results for the first month under Orora ownership, were in line with the December 2023 trading update, contributing revenue of €69.5m, EBITDA of €15.1m and EBIT of €8.1.” In its outlook for 2024 it warned against the continued softening of glass packaging, stating: ‘In Australasia, continued strength in cans in financial year 2024 is expected to offset the ongoing softness in glass from lower commercial wine volumes and lower beer bottle sales.’ 𝐒𝐞𝐞 𝐟𝐮𝐥𝐥 𝐬𝐭𝐨𝐫𝐲 𝐡𝐞𝐫𝐞: https://lnkd.in/ewek_5Eg #glassindustry #manufacturing #packaging #investment #australia

Seale & Associates, Inc. publishes the farming report for Q1 2024. The agricultural industry is evolving towards sustainability and plant-based diets, which is driving the mergers and acquisitions (M&A) market. Companies are aligning their objectives with consumer preferences focused on well-being and health. In North America, there is a rise in strategic acquisitions to meet market demands and improve export standards. Meanwhile, in the United States, there is a trend towards market consolidation, with larger farms acquiring smaller ones, which is affecting competition among smaller-scale farms.   This report is essential for business leaders, professionals focused on M&A, and anyone interested in these trends. It highlights the surge of global transactions and the valuation of leading companies in the sector, including GRUMA, ADM, Bunge, and Fresh Del Monte. The variation in the size of the M&A market, which shows a significant increase in the value of transactions over the years, underscores the importance of adapting to market changes.   If you want to receive this quarterly report and our monthly and sectoral reports, please subscribe at https://lnkd.in/gmxEs6E4.   #Agriculture #AgriculturalIndustry #Market #MnA #Investment #IndustrialTrends #BusinessStrategy #Consolidation #MergersandAcquisitions #QuarterlyReport #Mergers #Acquisitions

LTAT: Discussions Regarding Restructuring Plan for Boustead Still Ongoing LTAT has reiterated that the restructuring of Boustead Holdings Bhd is a significant aspect of its strategic plan for the years 2023-2025. Discussions regarding the restructuring plan, which involves delayering the Boustead Group and revamping its governance and operating models, are ongoing among stakeholders. This comes amid reports of Ahmad Nazim Abdul Rahman’s resignation as CEO of LTAT allegedly due to delays in implementing the restructuring plan. https://shorturl.at/exCZ2 #LTAT #BousteadHoldings #thecioleaders #externalevaluations #financialstability #investmentopportunities