Parmalat set to acquire regional Italian dairy Latterie Friulane
Parmalat has agreed to acquire Consorzio Cooperativo Latterie Friulane for around €11.5m (US$13.7m) in the hope of reversing the regional Italian dairy's recent downturn.
Archives for January 5, 2015
Chobani: ‘Yes, we're looking for a new CEO, but to say the board is pushing Hamdi out is ridiculous’
Chobani has confirmed that it has been looking for a new CEO for some time, but says the process was set in motion by its current CEO, founder and chairman Hamdi Ulukaya, so “to imply that he is being pushed out by the board is completely ridiculous”.
Milk and milk drinks 'more effective rehydration options' than Powerade: Study
Milk and milk-based beverages can be more effective than traditional sports drinks at replacing fluid lost during exercise, the findings of an Australian study suggest.
Wendel to acquire Constantia Flexibles for €2.3bn
‘Most significant deal in flexible packaging since Amcor’s Alcan bid’
The acquisition of Constantia by Wendel for €2.3bn is ‘the most significant deal in the flexible packaging industry since Amcor’s acquisition of Alcan assets in 2009 ($2.8bn)’, according to Moorgate Capital, a corporate finance and Mergers and...
Stevia-sweetened yogurt has 15g protein per 5.3oz pot
Brogurt alert! Dannon unveils protein-packed Oikos Triple Zero Greek yogurt
Dannon is attempting to revitalize the Greek yogurt category with a new high-protein Greek yogurt sweetened with stevia “that appeals equally to both men and women”.
China
Chalk to cheese: China’s massive import growth shows changing tastes
Traditionally a dairy wasteland, China is fast developing a love for cheese, with the fist 10 months of last year showing astonishing growth in imports, interest and consumption.