Arla Foods has announced the acquisition of German based dairy producer Allgäuland-Käsereien as it aims to become a major player in the domestic dairy market.
Germany’s largest dairy processor Deutches Milchkontor (DMK) has unveiled radical plans to restructure production across its 20 sites in the country as part of an urgent strategy to ensure long-term ‘cost leadership’.
Cornish ice cream manufacturer Callestick has achieved strong growth throughout the recession, driven particularly by positive performance in foodservice channels and an unseasonably warm autumn.
The Swedish Competition Authority (Konkurrensverket) has approved Arla’s merger with struggling Swedish dairy processor Milko, which had faced bankruptcy in the event of the deal not going through.
Last year's severe summer drought in Russia has hit Danone’s third quarter (Q3) 2011 dairy sales in the country, with the French company forced to raise prices to end consumers due to higher ingredients costs.
Synergy has expanded its US flavors empire with the acquisition of beverage flavors expert Sethness-Greenleaf less than three weeks after snapping up natural extracts specialist Sensus, almost doubling the size of its US business overnight.
Milk price discounters may have to raise prices above the £1 for four pints mark that has held for two years, as Robert Wiseman Dairies pushes through improved margins.
Danish-Swedish dairy company Arla says that the sale of its Mozzarella cheese plant in Goscino, Poland will not deter it from pursuing a sought-after strategic partnership and acquisitions in the country.
Italian dairy company Granarolo says it is pursuing a €1.6bn turnover as part of a four-year growth plan that will see the firm pursue more acquisitions both at home and internationally.
Kerry’s acquisition of Cargill’s flavour systems for €168m ($230m) is by no means transformational but will boost the Irish ingredient firm’s beverages and dairy flavours portfolio, claims an analyst.
Improved performance within Fonterra’s ingredients businesses worldwide has seen the firm announce a record turnover of NZ $19.9bn (€11.6bn) in 2010/11.
Granarolo has ramped-up its presence within the EU dairy sector by acquiring Italian cheese producer Lat Bri, in a move that will take its turnover above €1bn.
Dragons' Den entrepreneur Deborah Meaden has hit out at mega dairies in a new report, where she and her co-contributors said they tied US dairy farmers to a "treadmill of seeking ever-greater yields and economies of scale".
Arla Foods announced today that it was a "step closer" to acquiring German dairy firm Allgäuland-Käserien, after the last of the latter's constituent co-operatives voted in favour of joining the dairy giant.
Arla will reoganise its senior management team from October, in a move that it says will shorten decision-making timeframes and devliver the DKK 75bn turnover growth demanded by its strategy to 2015.
R&R Ice Cream has acquired Europe’s largest private-label ice cream manufacturer Pilpa in a deal worth around €17.65m, plus stock on completion estimated at €9m.
Arla Foods remains confident that its ‘take it or leave it’ takeover bid for Southern German dairy co-op Allgäuland-Käsereien will succeed, despite its initial rejection.
Irish dairy and ingredients group Kerry has turned in a”solid” first half of 2011 that saw it increase volumes, weather raw material price hikes, and see success in a “go-to-market” functional ingredient strategy as profits jumped 6.1% on 2010 figures.
Major dairy processors and supermarkets in the UK have been fined almost £50m for retail price-fixing that took place almost ten years ago, according to the Office of Fair Trading (OFT).
Flavour and fragrance firm Givaudan’s first half net profits crashed by 40 per cent as raw material costs and record currency rates take their toll on the Swiss company, despite good local growth in its flavours businesses.
Food giant Unilever saw net profits grow 10% to €2.235bn in the first half of 2011, with its brand equity allowing it to weather severe raw materials price hikes in some cases.
Retail price wars in supermarkets contributed to the liquid milk pricing gap between commodity prices and farmgate prices in 2010/11, according to DairyCo.
The Australian Competition and Consumer Commission (ACCC) has announced that it does not believe that supermarket operator Coles broke any competition rules when it dropped the price of it’s house brand milk to AU$1 a litre
The administrator of Quenby Hall Dairy has admitted defeat in its efforts to sell the business, which produced Stilton on a site where some of first examples of the cheese were made over 250 years ago.
Unilever said it is investing HUF2.2bn (€8m) in its Hungarian ice cream factory in order to build a new updated cold storage space at the facility, plans which were previously postponed by the food giant.
City analysts have expressed continued concerns over Dairy Crest’s dairies business, following the release of the firm’s first quarter trading results yesterday.
Global packaging and processing giant Tetra Pak has acquired Cape Town-based Chaswill Process Technology; a process engineering company active in the food and beverage sectors.
The newly renamed Natural Colors Division was the star performer in Danish ingredients supplier Chr Hansen’s Q3 results, showing 34% organic sales growth for the quarter, compared to 5% for Cultures and Enzymes, and 9% for Health and Nutrition.
Glanbia has incurred an €8m exceptional charge from its struggling consumer products business in Ireland but remains on track to achieve double digit earnings growth for 2011.
New Zealand-based dairy giant Fonterra is now looking at expansion in India after a successful foray in China, including a recent bumper bond listing in Shanghai.
Ingredient supplier, Beneo, has announced a 20 per cent hike in the price of its sweetener Isomalt, citing rising inflation rates and the need to secure a flexible supply chain.
A slump in milk demand in Sweden at the beginning of the year has prompted distressed Swedish dairy co-op Milko to turn to Arla to take on its farmers.
Allegations of financial impropriety against China-Biotics are growing louder with respected investment publications coming down against the company for massaging its financial figures to overstate revenues.
First Milk has bought Fife-based Kingdom Cheese and Kingdom Dairies to extend its product range into new cheese and cream products, while the firm has updated FoodManufacture.co.uk on the progress of its plans to build a new Scottish creamery.
Dairy Crest announced a new set of efficiency measures as it released what one City analyst described as “a good set of numbers” for the year to March 31 this morning.
General Mills has entered into definitive agreements to acquire a 51 percent controlling interest in French yogurt maker Yoplait and a 50 percent stake in a related entity that holds the global Yoplait brands.
Lactalis’ €3.4bn takeover bid for Italian dairy giant Parmalat has been rejected, following a “unanimous decision” by the firms’ board of directors in Milan yesterday.
Beechdean Farmhouse Dairy Ice Cream has bought Loseley Dairy Ice Cream’s brands out of administration, and revealed plans to double its own turnover to £20m within two years as a result.
An Italian police investigation into allegations of market rigging surrounding the Lactalis purchase of shares in Parmalat SpA (PLT) won't jeapardise its takeover bid, according to a leading analyst.
Glanbia is standing by its double digit profit forecast for 2011 after an encouraging start to the year that saw the company reap the rewards of higher global dairy and nutritional prices.
Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up on the same period of last year.
