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.
Global dairy prices were down 2.4 per cent from March after seven months of steady growth, according to the latest figures from the Food and Agriculture Organisation (FAO).
Danone’s decision to select Dairygold as its key supplier in its expanded Infant Formula Facility Global helped boost the ingredients supplier’s annual profits by 60 per cent to €18.9m last year.
Dean Foods announced yesterday it is seeking a buyer for the Wisconsin dairy it put up for sale last month as part of a settlement it made with the US Department of Justice.
Threatening noises from the EU have little chance, as things stand, of turning into a successful legal challenge to frustrate Italian protectionism over the future of Parmalat, according to an EU competition lawyer.
Arla Foods is to close its Swedish Falkenberg dairy and will invest DKK 615m (€82m) in two of its Denmark facilities in order to improve its competitiveness in yellow cheese production.
Recent Italian moves to frustrate the Lactalis approach on Parmalat have prompted the head of EU antitrust policy to warn that, if necessary, he is determined to use EU powers to preserve the openness of the internal market.
Leading UK cheese producer Milk Link has begun work on the first phase of a new production facility at its Cornish Country Larder (CCL) Trevarrian Creamery to meet growing customer demand for British soft cheeses.
German dairy giant Müller is a more likely candidate than Groupe Lactalis to mount a takeover bid for Dairy Crest, one City analyst has told FoodManufacture.co.uk in light of recent whispers of a move for the UK firm.
Pre-close trading updates from Robert Wiseman and Dairy Crest today highlighted the continued turf wars between the major UK processors, with no clear winner in sight.
Dean Foods has agreed to sell a milk processing plant in Wisconsin as part of a settlement with the US Department of Justice over the acquisition of a division of Foremost Farms.
The chances of Ferrero making a move on Parmalat to create an Italian food super-group have increased after the Italian government pushed through a decree to frustrate Lactalis’ bid to gain management control of Parmalat.
Lactalis has acquired a 29 per cent share in Parmalat as the Italian government looks into ways of preventing the dairy company from falling into foreign hands.
Arla Foods is to establish a whey processing joint venture with the merged Nordmilch-Humana company DMK to produce whey protein concentrate (WPC) and lactose for the food industry.
A leading businessman, tipped to become Parmalat’s interim CEO, has advocated an aggressive expansion strategy but a Nomura analyst cast doubt on the M&A prospects of the Italian dairy firm.
Further raw milk price increases are expected over the next six months as a projected recovery in demand for ice cream and other indulgence foods boosts the milk powder market, according to Euromonitor.
A new DairyCo report, surveying the performance and strategy of the main UK milk buyers, has drawn attention to an unrelenting price war between processors.
The Union of Shop, Distributive and Allied Workers (USDAW) says it is disappointed by Robert Wiseman Dairies' confirmation that it will close its Okehampton dairy and Cupar distribution depot with the loss of up to 134 jobs.
Irish dairy and nutritionals company Glanbia has reported a 22.8 per cent increase in annual operating profit, returning the company to pre-recession earnings figures.
When Tunisian street vegetable vendor Mohamed Bouazizi chose to end his life in fiery suicide, no one could have foreseen the firestorm his death would unleash across the Arab world. But, two months later, as the Arab Revolt shows no sign of fading, the...
UK farmers face a £330m gap between the price that milk buyers pay for the product and the costs of producing it, according to a new report by the National Farmers Union (NFU).
Global dairy prices leapt up in January rising more than any other group of food commodities in the monthly Food Price Index, published by the UN food agency.
69 staff at Robert Wiseman Dairies’ Okehampton dairy and 68 staff at its Cupar distribution centre face an uncertain future as the firm initiated 30-day consultations on the future of both sites.
DuPont’s €4.9bn acquisition of Danish probiotics and sweeteners specialist Danisco this week is vindication of the increasing economic viability of functional foods, according to analysts.
