China

IceRobotics is receiving funding to help negotiate the Chinese market. Pic:©iStock/lnzyx

IceRobotics gets financial support to enter Chinese market

By Jim Cornall

UK agritech company IceRobotics has received £5,000 ($6,545) in support as part of the China-Britain Business Council’s (CBBC) ‘Ready for China’ campaign to help more UK companies enter the China market.

Mason Financial now has a 75% stake in Australian company Blend and Pack.

Mason Financial takes controlling stake in Blend and Pack

By Jim Cornall

Mason Financial Holdings Limited and nutrition company Wattle Health Australia Limited have bought an 80% stake in Australian infant formula and nutritional products manufacturer Blend and Pack Pty Ltd, for A$80m (US$60.8m).

Savencia's organic growth in 2016 was attributed by the company to sales outside France.

Savencia announces drop in sales for 2016

By Jim Cornall

French dairy company Savencia has announced net sales of €4.42bn ($4.69bn) for 2016, which the company says is a 0.5% decline compared to 2015.