Monday, 29 August 2016

Potato Pathology and Pests Section Meeting 2016 Takes Place in Scotland

Potato Pathology and Pests Section Meeting 2016 Ta...

  The European Association for Potato Research (EAPR) organizes in Dundee Scotland, a scientific ...

An International Business Meeting for the Industry: PotatoEurope 2016

An International Business Meeting for the Industry...

 The 11th edition of PotatoEurope will be held on September 14-15 at Villers-Saint-Christophe, hal...

A Better Perspective on Potato Processing: AHDB Potatoes’ Next Generation Visited McCain

A Better Perspective on Potato Processing: AHDB Po...

  AHDB Potatoes’ Next Generation recently continued its exploration of Great Britain’s diverse po...

New Appointments at AHDB

New Appointments at AHDB

 Industry veteran Gary Taylor has been given a further two years on the Agriculture and Horticulture De...

Key Technology Promotes Bert Switten as Area Sales Manager

Key Technology Promotes Bert Switten as Area Sales Mana...

 Key Technology announces the promotion of Bert Switten as Area Sales Manager for Central and Northern ...

Tong Reinforces Sales Division

Tong Reinforces Sales Division

  Alice Tong, daughter of Chairman Charles Tong, has joined the family-run business, Tong Engineering....

How to Seal 6,000 Potato Packages Per Hour with Ultrasonic Technology

How to Seal 6,000 Potato Packages Per Hour with Ultraso...

  The German food company Wernsing Feinkost GmbH, based in Addrup-Essen near Oldenburg, seals 6,000 ba...

Key Technology Introduces VERYX Belt-Fed Digital Sorters

Key Technology Introduces VERYX Belt-Fed Digital Sorter...

  Key Technology introduces its VERYX belt-fed digital sorters, with a goal to improve product quality...

Technology Producers Make Drone Demonstrations at Potato Farm in Oregon

Technology Producers Make Drone Demonstrations at Potat...

 The Oregon UAS FutureFarm will host the first Ag Drone Rodeo in Pendleton, Oregon on August 18 -19, wh...

Avebe Starts the Potato Harvest Campaign

Avebe Starts the Pot...

 Potato starch producer Avebe has recently announced the s...

New Potato Products Recently Launched Worldwide

New Potato Products ...

Potato manufacturers are competing in launching new produc...

Ballreich Wins Best Potato Chip and Potato Stick

Ballreich Wins Best ...

  Potato producer Ballreich has recently been awarded for...

McDonald’s of the Future Serves Unlimited Fries

McDonald’s of the Fu...

  McDonald’s has recently opened a new location in Missou...

Kiremko is the Main Supplier for New Project Linkage Farm Frites in China

Kiremko is the Main ...

   Dutch engineering company Kiremko will be the main sup...

Greenpeace Issues Blacklist for Pesticides in EU

Greenpeace Issues Bl...

 Greenpeace Germany has recently published a new version o...

Costs of Developing GM Potatoes Comparable to Conventional Varieties

Costs of Developing ...

  The cost of developing GM potato varieties is in fact n...

Scientists to Test Potatoes Grown in Mars and Moon Soils

Scientists to Test P...

 Scientists of Wageningen University and Research (The Net...

Solana Seeds UK Opens New Facility in North Norfolk

Solana Seeds UK Open...

  Solana Seeds UK celebrated its first birthday with a sp...

Farm Visit: How to Produce Potatoes for PepsiCo Factory in Romania

Farm Visit: How to P...

  Mirica Farm in Romania is preparing to develop one of t...

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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