Dairy exporter Fonterra has been cleared to acquire the processing assets of New Zealand Dairies Limited’s (NZDL) by the New Zealand Commerce Commission.
A2 Corporation (A2C) - the manufacturer of a2 Milk - has reported “very encouraging” financial results for the last 12 months, citing the brand’s growing credibility with Australian consumers.
Dairy giant Arla Foods has reported a net profits decrease for the first six months of the year, as the continuing impact of the European dairy price war cancelled out revenue growth in the firm’s core and growth markets.
The CEO of Swedish probiotics specialist Probi says the 11.8% stake taken by German flavours, fragrances and nutrients house Symrise will give it, “more marketing and R&D muscle”.
US dairy Dean Foods has announced a fresh round of lay-offs at its Evart, Michigan-based Liberty Dairy plant – the latest signal of its intentions to call time on production at the facility.
Unilever has shown mixed progress over the past five years, according to Andrew Wood, senior research analyst for food and home & personal care products at Sanford C Bernstein, based on its predictions for the company made in 2007.
Fonterra has announced a revised payout forecast range for the 2012/13 season, including a lower farm gate milk price (FGMP) of $5.25 per kilogram of milk solids – down from $5.50.
Irish dairy giant Glanbia has signed a Memorandum of Understanding with Glanbia Co-operative Society Limited to enter into a joint venture in respect of its Dairy Ingredients Ireland (DII) business.
Robert Wiseman Dairies has launched an initiative with dairy farmers to increase the transparency of how it determines its farm gate milk prices (FGMP).
China Mengniu Dairy Co has posted an 18% net profit decrease for the first half of 2012 - citing a slowdown in Chinese dairy industry growth and the impact of its increased investment in scale farms as a milk source.
Recent months have seen images of protesting farmers, tractors blockading dairy plants and retailer boycotts – all as a result of UK processor plans to reduce the price they pay to dairy farmers for their raw milk.
Arla Foods has announced plans to close one of its two US dairy plants, as part of a drive to streamline its US business and refocus on speciality cheese.
Ireland-based food ingredients manufacturer Kerry Group has reported sales revenue of €2.9bn for the six months to the end of June 2012 – a 10% increase on the prior-year period.
Australian dairy co-operative Murray Goulburn plans to invest approximately A$200m ($211m, €172m) over the next three years on expanding and updating its manufacturing capabilities.
Italian dairy giant Parmalat has reported a 7.8% increase in net profit for the first half of 2012, with improved emerging market sales and profit boosts from its core markets driving the increase.
Canadian dairy giant Saputo has reported a profit decrease of more than CAD$6m for Q1 fiscal year (FY) 2013, attributing the result to a fall in the average price of cheese in the United States.
Dairy Crest has been praised for its “Churchillian” decision to defer its planned raw milk price reduction while it continues talks with protesting farmers.
UK milk processors Arla and Dairy Crest have called off planned reductions in the price they pay to dairy farmers for milk after a week of pressure from protestors.
Glanbia has acquired US beverage manufacturer and co-packer Aseptic Solutions (ASI) for $60m, and told BeverageDaily.com the move would strengthen its hand in the growing whey protein segment.
New Zealand's parliament has voted in favour of an amendment to the Dairy Industry Restructuring Act (DIRA) – effectively giving Fonterra’s Trading Among Farmers (TAF) scheme the go-ahead
Hundreds of British milk farmers picketed outside Arla and Robert Wiseman Dairy plants last night, protesting over plans to cut the price paid to suppliers for raw milk.
Dairy Crest is in line to meet is full year expectations, after increased sales and a fall in price paid for fuel and plastic helped drive the firm’s return to a “satisfactory level of profitability.”
The Irish Dairy Board (IDB) has acquired UK-based cheese ingredients firm The Cheese Warehouse - strengthening its position in the country’s ingredients sector.
Italian dairy giant Parmalat has announced plans to close three plants in the country in an effort to improve its efficiency and compete with low-priced private label milk.
Global trader Louis Dreyfus Commodities (LDC) has agreed to buy Dutch trading firm Ecoval Holdings BV in an effort to tap into emerging market demand for dairy products and ingredients.
Dairy Crest announced today that it has received a binding €430m offer from Paris-based Montagu Private Equity for the entire share capital of its St Hubert spreads business, a deal welcomed by City analysts since it would 'virtually eliminate'...
French dairy giant Danone has entered into an agreement that, if completed, will see it become the majority shareholder in Morocco’s leading dairy product firm.
Arla Food’s proposed mergers with UK-based co-operative Milk Link and German dairy firm Milch-Union Hocheifel (MUH) have been approved by its board of representatives.
Glanbia hinted yesterday that it is close to spinning-off its Irish dairy ingredients business, but said no deal would be sealed between management and its major cooperative shareholder before August.
Japanese giant Mitsubishi says it new agreement to acquire a controlling 24% stake in Australia-based Tasmanian Dairy Products will help it expand its dairy manufacturing business and serve the Japanese market.
Arla Foods has signed a financing and supply agreement with signficant pediatric nutrition and baby care product producer Biostime International Holdings to supply the Hong Kong-listed company with infant formula.
Despite a “tough” year, UK dairy cooperative First Milk has posted pre-tax earnings of more than £13m – a figure significantly boosted by the sale of its shareholding in Robert Wiseman Dairies.
French dairy giant Danone has issued a profit warning for 2012 – reducing its operating margin target to account for the collapse of dairy product consumption in Spain and other Southern European markets.
Fonterra has signed a conditional agreement to acquire the milk processing assets of South Canterbury-based New Zealand Dairies (NZDL), and said the dairy site would boost its export capacity, where it is processing around 150m litres of milk per year...
Dairy Crest's French branded spread business, St Hubert, is attracting a host of potential buyers, according to industry analysts - with private equity firms looking like favourites to complete an acquisition in excess of £300m.
Dairy giant Saputo has called on authorities in California not to increase the price paid by processor for raw milk in the state, after posting results “negatively impacted” by a previous price hike.
California-based dairy producers have called for an increase in the price paid to them for raw milk by cheese processors, in an effort to collect a greater share of the market value of whey protein.
