Italian dairy firm Parmalat is in exclusive negotiations to acquire a stake in Brazil dairy group Lacteos do Brasil (LBR) for an undisclosed amount. LBR is a manufacturer of a wide range of dairy products including fresh milk, milk ...
Tags: dairy firm, Food
Abraaj Group, a Dubai-based private equity firm, has agreed to acquire Danish Fan Milk International from the Emborg family from Aalborg together with the private equity fund Maj Invest Equity and the management. Fan Milk International ...
Tags: Abraaj, Milk, Agriculture&Food
French dairy group Lactalis is in negotiations to acquire Canadian dairy processor Saputo's cheese manufacturing facility in Germany for an undisclosed amount. Saputo's German facility manufactures Italian specialty cheeses for the retail ...
Tags: French dairy group, Food
The 700 dairy producers in Tesco’s Sustainable Dairy Group (TSDG) are to receive an extra 1.9p/litre from April 1 2013. Tesco is lifting its supplier milk price to reflect higher feed costs and lower milk output The new price of ...
Tags: milk price, milk, dairy producers
Canadian dairy group Saputo looks set to quit Europe after deciding to close plants in the UK and Germany. Saputo said today (25 February) it did not have the "critical mass" for its European operations to be profitable. It announced ...
Tags: dairy group, Saputo, Europe
Acquisitions abroad boosted annual sales at Swiss dairy group Emmi in 2012, figures releases today (7 February) showed. The company booked a 9.6% increase in revenue last year to CHF2.98bn. However, on an organic basis, which excludes M&A ...
Tags: dairy group, sales, organic dairy
Yashili International is to spend CNY1.1bn(US$176.7m)to build a 52,000-tonne capacity dairy in New Zealand,via its recently established subsidiary in the country. Yashili New Zealand Dairy Co has already signed a conditional purchase ...
Tags: Yashili, purchase agreement, dairy industry, milk
Indian food giant Britannia Industries has appointed Vinod Menon to the role of CFO as part of a management shuffle. Menon will take up the role of CFO and vice president with the bakery and dairy group with effect from 1 February, the ...
Tags: food giant, Britannia, Vinod Menon, CFO
Swiss dairy group Emmi has acquired a 70% stake in AVH Dairy Trade, the Netherlands-based producer of goat's and sheep's milk products, for an undisclosed fee. Emmi said today (8 January) the deal, which cleared on 1 January, reinforces ...
Tags: dairy group, Emmi, stake, AVH Dairy Trade, milk products
Inner Mongolia Yili Industrial Group, a China-based dairy company, plans to invest $214m to set up an infant formula facility in South Canterbury and as part of this strategy, it is set to buy New Zealand-based Oceania Dairy Group. ...
Tags: Yili Industrial Group, infant formula facility, dairy industry
Daily milk production in the UK diary farms has been reduced by 1.1liter to 24.1liter a cow due to unfavorable weather conditions across the country. Average milk production for October 2012 was reported as 993 million liters, a 6.5% drop ...
Tags: Dairy milk, milk, DairyCo, Dairy Group
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. Data for the whole of 2012 has not yet been published ...
Tags: European M&A advisors, food sector, Food
Unilever has attained the UK sales and distribution rights to dairy-free ice cream brand Swedish Glace, a year after acquiring its Finnish owner. The company will take on the sales and distribution in January from local dairy group ...
Tags: Unilever, Faye Bradford, Swedish Glace, Fayrefield Foods
Australian food manufacturer Goodman Fielder has agreed to offload its Integro commercial oils business to local grain trader GrainCorp. Goodman Fielder announced the A$170m (US$176.5m) deal today (28 August). The company, which is ...
Tags: Goodman Fielder, oils business, GrainCorp, Cargill