PRFoods has signed a letter of intent with Hiiu Kalur to jointly establish an offshore fish farm.

PRFoods subsidiary Saaremere Kala and Direct Consulting subsidiary OÜ Tallinna Lihatööstus have signed the agreement.

Direct Consulting is a subsidiary of Hiiu Kalur.

Founded in 1991, Hiiu Kalur is the biggest fishing company in Estonia and holds shares in seven fish processing plants.

PRFoods is a food production company and one of the biggest fish farmers in Estonia. It is engaged in the production of rainbow trout in farms across the Baltic Sea in Estonia, Finland and Sweden.

The new joint venture (JV) will combine the fishing and fish processing experience of Direct Consulting with PRFoods group’s wide fish-farming capabilities.

The transaction will enable PRFoods to improve its product range with a new assortment of fish products, as well as expand its geographical presence.

Barry Callebaut has completed the acquisition of chocolate manufacturing assets of UK-based Burton’s Biscuit Company for an undisclosed sum.

Based in Switzerland, Barry Callebaut is a leading producer of high-quality chocolate and cocoa products.

The transaction enables Barry Callebaut to expand its manufacturing capacity in the UK. The existing employees involved in chocolate manufacturing at the facility will be transferred to Barry Callebaut.

“Barry Callebaut agreed to acquire assets of Burton’s chocolate factory and supply more than 12,000t of chocolate and compound.”

Barry Callebaut agreed to acquire assets of Burton’s chocolate factory and supply more than 12,000t of chocolate and compound to Burton’s in September 2018.

Fric Bergen has raised an undisclosed amount through a funding round from Mumbai Angels Network (MA Network).

Fric Bergen is a producer of sauces and dips, while MA Network is a venture capital firm. Both companies involved in the transaction are based in India.

Crownhaitai Holdings Co Ltd has secured KRW20bn ($17.8m) through an indirect public offering of corporate bonds.

Based in South Korea, Crownhaitai is a manufacturer and distributor of dried bakery products, snacks, biscuits, wafers, snacks, pies, cakes, chocolates, sweets and gums.

The corporate bonds will mature on 10 December 2021.

Arabian Food Industries (Domty) has agreed to acquire a bakery line from AMF for an undisclosed amount.

Founded in 1988, Domty is an Egyptian cheese company that offers a range of processed cheeses and juice products under Damo, Gebnety and Bravo brands.

AMF is a bakery equipment manufacturer based in the US.

The $4m line will produce 400,000 pieces of baked goods a day. It is expected to become operational in September 2019.

The transaction forms part of Domty’s strategy to expand its baked goods and snacks segment.