Yogurt manufacturer Chobani Inc. is facing legal action in the US over claims that its use of the term ‘evaporated cane juice’ on its Greek yogurt products violates federal and state food labelling laws.
Arla Food’s proposed merger with UK-based dairy cooperative Milk Link could signal the demise of Dairy Crest, a food sector mergers and acquisitions expert has claimed.
Parmalat has completed the “intragroup acquisition” of Lactalis American Group Inc. (LAG) – a move that will secure its entry into the US dairy market and strengthen its position in Latin America.
Processing of Yoplait yoghurts for Republic of Ireland and Northern Ireland will revert back to France after dairy giant Glanbia’s sale of the franchise back to Yoplait.
Arla Foods is taking ‘radical’ cost-cutting steps to keep pace with rivals and told DairyReporter.com that fewer suppliers might have to offer lower prices for packaging and other materials.
US processor Dean Foods has reported 'stronger than forecasted' results for the first quarter of 2012 – citing the declining price of raw milk and solid growth across its segments as defining factors.
Demand for whey products underpinned a strong first quarter for Glanbia with analysts hailing an ‘encouraging start’ to the year, but the firm has dismissed talk that it plans to spin-off its Dairy Ireland business as 'speculation'.
DSM’s nutrition unit performed well with the Martek acquisition helping 13% sales growth, but the polymers and pharma faired worse, leaving the company with 3% overall growth, but a dipped EBITDA of €306m for the quarter.
Global food prices fell by 1.4% in the last month but seem to have stabilised at a relatively high level, says the United Nations Food and Agriculture Organization (FAO).
Kerry Group’s 2011 acquisitions have performed well for the ingredients and flavours giant, boosting its Q1 results despite challenges in trading conditions.
UK dairy co-operative First Milk has acquired leading UK sports nutrition player, CNP Professional, as it diversifies its operation out of the increasingly margin-pressured traditional dairy sector.
Fonterra has confirmed to DairyReporter.com that it is undertaking a review of its New Zealand speciality cheese business Kapiti, but was unable to reveal whether any specific plants were earmarked for closure.
Nestlé’s $11.85bn (€9.02bn) acquisition of Pfizer Nutrition may run into anti-trust hurdles after it beat Danone to the drug giant’s global infant nutrition business, according to an analyst.
Nestlé has revealed that cost pressures affecting its US ice cream business led to it scrap promotion-led sales in 2012 and says the impact on pricing had been “quite dramatic”.
First half EBIT profits for 2011-12 surged 19% to €83m at Chr Hansen as it shrugged off the effects of severe fluctuations in the price of red colorant carmine, and ongoing probiotic health claim uncertainty in Europe – its biggest yet most stagnant market.
Nestlé Australia has refused to confirm rumours that it is looking to exit its Nestlé Peters ice cream business in the country, after press reports today suggested a potential AUS $330m (€261m) sale.
Danone has hinted that Kraft’s withdrawal from the booming Greek yogurt category in the US is proof of how hard it is to penetrate the sector within a refrigerated yogurt market Mintel estimates was worth almost six billion dollars in 2011.
Dairy Crest has announced the loss of its Tesco milk contract but says this bears no relation to new plans to close two dairies, as it cuts costs to sustain profitability in an 'extremely challenging' liquid milk market.
A retail price war in Australia and New Zealand hit Fonterra’s consumer sales hard in the first half of 2012, while the firm said a strategy refresh will see it refocus its efforts on lucrative Chinese, Asian and Latin American markets.
As UK dairy player, Dairy Crest, indicates it is ready to flog off its jewel in the crown - St Hubert - a food industry analyst reckons Groupe Lactalis is the likely buyer.
Following its merger with local dairy player Unimilk in 2010, Danone will invest a further US$700m in Russia over the next five to seven years, aimed at driving capacity and growth.
Dutch dairy concern Friesland Campina (FC) has reported that branded cheese sales in 2011 were hit by European consumers trading down from brands to cheaper products, and Middle Eastern turmoil.
A stronger New Zealand (NZ) dollar, higher levels of global milk production and uncertainties on international markets – including a potential Middle Eastern conflict – has led Fonterra to lower its farmgate milk price for the 2011/12 season.
Royal Friesland Campina is poised to complete the takeover of Filipino firm Alaska Milk Corporation (AMC) for total sum of around €350m, in a move it said gave it access to 100m consumers in a ‘high growth’ market and the opportunity to 'valorise...
Dairy Crest surprised analysts today by announcing a strategic review of its French branded spreads business, St Hubert, with a possible divestment on the cards, and said that large dairy concerns based in the country didn't 'seemed keen'...
Irish dairy firm Glanbia says that booming US cheddar export sales fed into a strong 2012, but warned that the key risk to the global dairy market in 2012 centred on “significant concerns” regarding the global economic downturn and its effect on consumers.
Arla Foods has announced a strong set of results for 2011, and the company has told DairyReporter.com that this is due in large part tighter ‘global brand’ focus that is boosting its entire portfolio.
Danone CEO Franck Riboud admits his company is ‘quite nothing in Asian dairy’, but says the French giant is not prioritising that category within the region, and will take time developing its business there.
Food processing machinery specialist SPX has won a multi-million dollar contract to kit out Bright Dairy & Food Co’s new processing plant in Shanghai, China.
Müller's £280m takeover of UK dairy processor Robert Wiseman Dairies was declared “unconditional” on Wednesday, as the German dairy operator secured 93.9% of the Scottish firm's shares.
Finnish dairy processor Valio has revealed that Swedish milk imports hit the profitability of its 'basic milks unit' in 2011, but the firm has hailed the success of recent additions to its branded product portfolio, which include 'digestion...
Dutch dairy cooperative FrieslandCampina has signed a memorandum of understanding with a UK-based venture capital firm to acquire Serbian dairy producers Imlek and Mlekara Subotica, and sees great potential to grow sales in the region.
Dairy Crest has issued a mixed trading update for the first nine months of its fiscal year, with persistent tight margins in its dairies business sector offset by strong performance across its branded portfolio.
Pepsico says that the dairy sector is a ‘key component’ in its global growth strategy, and has the potential to post growth more than double that of bakery and chilled processed foods combined.
Dairy Crest could be the next UK processor to find itself the subject of a takeover approach, while Müller will have to leverage its stronger market position to secure stronger growth in the country, analysts have suggested.
Robert Wiseman Dairies says it has agreed the terms of a £279.5m takeover deal by Müller UK (a wholly owned subsidiary of the German dairy giant) and is recommending the offer unanimously to shareholders.
The value of Irish food and drink exports has increased by €1 billion, representing a 12% surge in 2011 and driving the country’s overall export revenue, according to Irish food board.
Groupe Lactalis’ bid to take over Sweden’s second largest dairy player fits with the French firm’s strategy of reducing its reliance on cheese, and would give it further brands with which to pursue milk product growth in emerging markets, according to...
Germany’s largest dairy processor DMK has said that it plans to spin-off its ice cream business during 2012, but has missed out on acquisition target Durigon Gelato to R&R Ice Cream.
R&R Ice Cream CEO and executive chairman James Lambert says his firm has signed a deal with Kraft to develop, produce and distribute an “indulgent” ice cream range using the US food giant's brand portfolio.
R&R Ice Cream (R&R) has expanded its European manufacturing base with the acquisition of German firm Durigon Gelato, as the company seeks to develop its private label business in the country.
Irish dairy ingredients and cheese manufacturer Glanbia could be on the look-out for acquisitions again in 2012, according to an analyst based in the country.
Higher cheese prices and profits from property sales helped Dairy Crest to a strong financial performance for the period ending September 30, according to city analysts.
