Wednesday, 01 July 2015

IPPSC 2015, Day 3: Latest technologies in storage environment

IPPSC 2015, Day 3: Latest technologies in storage ...

Friday, June 19 was the third and final day of the International Potato Processing and Storage Conve...

IPPSC 2015, Day 2: Potato Industry Directions

IPPSC 2015, Day 2: Potato Industry Directions

After a first day abundant in knowledgeable talks on current and future matters of the processing ...

IPPSC 2015, Day 1: Newest Advances in Potato Processing

IPPSC 2015, Day 1: Newest Advances in Potato Proce...

Wednesday, June 17 was the first day of the International Potato Processing and Storage Convention...

EFSA formulates scientific point of view on acrylamide issue

EFSA formulates scientific point of view on acrylamide ...

On June 4 this year, the European Food Safety Authority (EFSA) released its official opinion on acrylam...

Kraft Heinz Company has a new senior leadership team

Kraft Heinz Company has a new senior leadership team

  The Kraft Heinz Company announced its new senior leadership team that marks another major milestone ...

tna appoints new processing group solutions manager for EMEIA

tna appoints new processing group solutions manager for...

Packaging and processing solutions provider tnaannounces the appointment of Henk Boon as its new group ...

Italian snack manufacturer chooses integrated solutions from tna

Italian snack manufacturer chooses integrated solutions...

  Leading Italian snack manufacturer Pata was able to reduce waste, simplify cleaning operations and i...

TOMRA equips its Belgian test and demo center with a new cold room

TOMRA equips its Belgian test and demo center with a ne...

  The equipment producer TOMRA Sorting Solutions is now able to test the performance of its sorting ma...

Key Technology launches new mobile-friendly website

Key Technology launches new mobile-friendly website

  Key Technology announces the launch of its redesigned corporate website with a new responsive versio...

McCain Australia launches a limited edition range of flavored frozen potato wedges

McCain Australia lau...

  McCain Australia has recently launched the new wedges ‘...

Tolsma-Grisnich and Kiremko, partnership for a new plant in China

Tolsma-Grisnich and ...

  Strategic partners Tolsma-Grisnich and Kiremko recently...

Utz Quality Foods launches Specialty Division

Utz Quality Foods la...

Utz Quality Foods, Inc. has recently announced the culmina...

Potatoes are back on WIC, a nutritional program for women, infants and children in USA

Potatoes are back on...

The National Potato Council (NPC) from USA succeeded to put ...

Exclusive interview with the director of Urschel Laboratories, Inc: The Urschel team is a very strong one

Exclusive interview ...

What began with one man's invention more than 100 years ago ...

UK Potato Council says it is a record year for seed potato exports

UK Potato Council sa...

  Seed potato exports are booming, with the latest figure...

Indian Government will procure 6,600 tones of potato from farmers

Indian Government wi...

The State Government announced its decision to procure 6,6...

Company launches a new solution for potato sprouting

Company launches a n...

  BioSafe Systems announces the introduction of ARRET Spr...

Seed Industry Event conference tackles key industry concerns

Seed Industry Event ...

The recent Seed Industry Event, organized by British Potato ...

Armenia registered an important growth in potato exports in 2014

Armenia registered a...

Armenian potato exports totaled about 20,600 tons, compared ...

Produce Investments will raise £15 million to help fund a major expansion when it lists on the Alternative Investment Market (AIM) later this month.

Borders-based chief executive of the Scottish agricultural company, Angus Armstrong, told Scotland on Sunday that the move was "great news" for Scottish agriculture and would give the company the firepower to take advantages of opportunities to significantly expand the business.

Produce Investments, which supplies potatoes to the likes of Tesco and Sainsbury's, employs about 200 at its operations in Duns, Berwickshire and Perthshire.

The company, better known by its Greenvale subsidiary name and which grows, packs and also develops new potato varieties, already has a number of specific targets although Armstrong wouldn't be drawn further.

He said the company would also look at acquisitions outside potatoes "but only if the opportunities look sensible".

Unusually for Initial Public Offerings, existing investors in the company are purchasing additional equity, a move Armstrong said indicated "an even greater level of commitment to the future of the business".

Current backers include Credential Produce, an investment vehicle of Glasgow-based property developer Barrie Clapham who heads Credential Holdings.

Other executive and non-executive directors are increasing their stakes and the company has appointed Sir David Naish, a former president of the National Farmers' Union and former chairman of Arla Foods (UK).

Produce Investments is expected to have a market capitalisation of between £30m to £40m when shares start trading on 15 November.

 

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