The merger between Holcim and Lafarge was expected to establish the biggest cement company in the world, reported Ventures Africa.
Manufacturing
Bathurst secures A$7.39M in discounted placement ot fund coal project in New Zealand
Wellington, New Zealand-based mining firm Bathurst Resources Ltd secured A$7.39 million in a discounted placement of its shares at A$0.06 (NZD0.065) apiece to gain funds for its open-cut coal project on the Denniston Plateau.
Asian Paints picks up 51pct stake in Ethiopian paint maker Kadisco
Mumbai, India-based decorative and industrial paint manufacturer Asian Paints (International) Ltd picked up a 51% stake in Ethiopia-based paint maker Kadisco Chemical Industry PLC for an undisclosed amount.
American golf products maker Dynamic Brands buys Canadian firm Riksha Golf
Henry County, US-based golf products maker Dynamic Brands Inc bought Calgary, Canada-based golf cart and accessory maker Riksha Golf Inc for an undisclosed sum to expand its portfolio of products.
Silicon Valleys startup Tachyus lands $6M in funding to optimize oil and gas production
Silicon Valley, US-based tech firm Tachyus landed $6 million in a venture round led by Founders Fund to expand its workforce and use data to optimize oil and gas production.
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Oneonta, US-based large format ultracapacitor manufacturer Ioxus secured $21 million in its Series C funding round to help address climate change by integrating its products into hybrid buses in China.
Ridgeville, US-based biotech forestry firm ArborGen purchased Southland, New Zealand-based seedling grower Edendale Nursery for an undisclosed amount to tap the markets in the North and South Islands of New Zealand.
Rehovot, Israel-based 3D printing firm Stratasys bought Wisconsin, US-based plastic filament maker Interfacial Solutions for an undisclosed sum to streamline its operations through hardware and filament production.
Ontario, Canada-based non-profit research organiztion Centre for Research and Innovation in the Bio-Economy (CRIBE) invested C$1.5 million to increase the annual capacity of renewable liquid fuels producer Ensyn Technologies from 3 million liters to 13 million liters.
The sugar industry of Nigeria would be expecting a lot of hefty investments from key players in the market following the increase of demand for sugar, reported Ventures Africa.
Nashville, US-based Windy Hill Spirits Inc, the maker of American Born Moonshine, pocketed $6.1 million in new equity from undisclosed investors to continue producing high quality moonshine for its customers.
Santa Monica, US-based 3D print online marketplace SyncFab launched a $25,000 crowdfunding campaign on Kickstarter to streamline specialty manufacturing in the US using the 3D printing technology.
Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.
Private equity firm Agribusiness invested INR75 crore in Bangalore, India-based nutraceutical and pharmaceutical ingredients supplier Beloorbayir Biotech for the latter's product development and international expansion.
