UK-based dairy processing company Dairy Crest has acquired the remaining 50% shares in Promovita Ingredients Limited held by Fayrefield Foods Limited for £6m cash. Promovita was established as 50:50 joint venture between Dairy Crest ...
Tags: Dairy Crest, Promovita, Agriculture
Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on ...
Tags: Freedom Foods, Agriculture
Morrisons has extended its fresh milk supply contract with Dairy Crest for next three years. However, the amount of milk to be supplied by Dairy Crest to Morrisons will be reduced from March 2015. This comes after Dairy Crest lost a ...
Tags: milk, cheese, butter, Agriculture
Dairy Crest has extended its contract to supply fresh milk to Morrisons over next three years, following a competitive tender process. However, the amount of milk to be supplied by Dairy Crest to Morrisons will be reduced from March ...
Tags: milk, Dairy, Agriculture
Parmalat Australia, a subsidiary of dairy firm Parmalat, has agreed to acquire Longwarry Food Park for $67m. An agreement to this effect was signed by the company. Longwarry Food Park, which operates in the state of Victoria, ...
Tags: milk, dairy products, fruit beverages, Agriculture
Freedom Foods signs dairy deal with China’s New Hope Group Australian food manufacturer Freedom Foods and its major shareholder the Perich Group have announced the signing of a Memorandum of Understanding with China’s ...
Tags: Freedom Foods, dairy, Agriculture
Swiss food giant Nestle has unveiled a new dairy farming institute in northeast China's Heilongjiang province, amid the current oversupply of dairy products in the country. The dairy farming institute includes several classrooms and three ...
The global food processing and packaging company said producers in both developed and emerging dairy markets need to address the careful balancing act required to ensure sustainable business success. Tetra Pak's Dairy Index reveals that ...
Tags: dairy products, food
Nutricia, a subsidiary of France-based yoghurt maker Danone, has agreed to acquire Gardians spray dryer and blending, packing and can-forming activities of the Sutton Group in Auckland as well as the spray dryer of Gardians, located near ...
Tags: Milk Drying, Packing Assets
Woolworths has announced new long-term milk supply contracts Australian supermarket giant Woolworths has announced two new 10-year milk contracts across Australia that it says "will give dairy farmers and processors more certainty to ...
Tags: Milk, Agriculture, Food
Fonterra Australia has secured a ten-year contract from Woolworths to supply and process the retailer’s own brand milk in Victoria. The deal allows farmers to further invest in their businesses as they have a guaranteed buyer for ...
Tags: Milk Supply, milk, local farmers
Another major Australian milk supplier gets snapped up The sale of privately-owned dairy giant United Dairy Power to Hong Kong businessman William Hui is locked in, according to Stock & Land. It was reportedly sold for around $70 ...
Tags: Australian milk, Caboolture Cheese, shredded Mozzarella
Hilmar Cheese is set to construct a milk powder processing facility in Turlock, California, to meet strong global demand for milk powders. The facility will add 40 full time jobs to the local economy when completed. It will produce a ...
Tags: Hilmar Cheese, Milk Powder, Food
Chinese consumers can expect higher dairy prices in December because of a shrinking supply of raw milk from the country's fragmented milk farms. Most domestic dairy companies put up prices last week, ranging from five to 20 percent. This ...
Tags: Milk Powder, Dairy Products
Fonterra has received approval from it board of directors to establish a NZ$235m milk powder plant at its Pahiatua site in the Manawatu, which will enable it to process an additional 2.4 million liters each day. The announcement follows ...
Tags: Agriculture, Food, milk, milk powder