Greek dairy producer Delta Foods is set to distribute its Greek yoghurt and cheese products in French and Italian markets after signing a deal with Italian dairy group Granarolo. The agreement will bring together the knowhow and ...
Tags: Delta Foods, Italian Markets
Fonterra, a New Zealand-based dairy co-operative, has backed a new dairy cooperation agreement between the governments of New Zealand and Sri Lanka. Under the agreement, Fonterra along with the New Zealand government is expected to boost ...
Tags: Fonterra, Dairy Investment
Arla Foods has completed the sale of British milk drinks business Crediton Dairy to a management buy-out team led by former Milk Link chief executive Neil Kennedy and former Milk Link group finance director Tim Smiddy after obtaining of ...
Tags: Arla Foods, Milk Drinks
Portola Packaging, a US-based manufacturer and marketer of tamper-evident plastic closures and bottles, is set to invest $12m in its Kingsport, Tennessee Tolleson, Arizona facilities. The investment will be used to boost its dairy ...
Tags: Portola, Kingsport, Tolleson Facilities
India-based public conglomerate ITC is set to foray into dairy business with the launch of a range of dairy products over the next 14 months. The move is part of an integrated animal husbandry program, the firm's corporate social ...
Tags: ITC, dairy sector, dairy products
Winning Sainsbury’s liquid milk contract has put Dairy Crest on track to reach its dairies division target of 3% operating profit margin, according to City analyst Panmure Gordon. Dairy Crest is on track to deliver 2.8% operating ...
Tags: liquid milk contract, Dairy Crest, dairies
Portola Packaging has announced an investment of $12m in its Kingsport, Tennessee and Tolleson, Arizona facilities in the US to accommodate increasing market demand for its hot-fill and aseptic beverage closures. The latest investment, ...
Tags: Portola Packaging, investment, aseptic beverage closures
Arla Foods has said it aims to double ingredients sales in the next five years as part of a new business strategy designed to increase the dairy co-operative's presence in emerging markets. Arla said today (11 January) it wants global ...
Tags: Arla Foods, Danish, dairy, milk, emerging markets
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
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
A US 'activist' investor who has stamped his authority on Heinz, Cadbury and Kraft has taken a euro242M (€300M) stake in Danone, vowing to improve its profitability. Nelson Peltz, the head of Trian Partners, said the maker of ...
US farmer-owned cooperative Land O'Lakes has acquired premium chilled dessert maker Kozy Shack Enterprises. The company said the acquisition was a "good strategic fit" that complimented its existing branded dairy business. Land O'Lakes ...
Tags: Land O'Lakes, Kozy Shack, acquisition, dessert
Irish food group Glanbia said today (7 November) it expects full-year profits to come in at the upper end of its guidance. In an interim management statement, Glanbia said that earnings per share, excluding currency exchange, are expected ...
Tags: Dairy, profits, nutritionals business
Singapore conglomerate Fraser and Neave has booked a drop in annual profits from its dairy business after production was hit by the floods in Thailand late last year. F&N, which is the subject of a takeover battle, reported its results ...
Tags: dairy profits, dairy, dairy business
US food and beverage company Dean Foods has entered into an agreement to sell its Morningstar Foods unit to Canadian dairy company Saputo for $1.45bn. Morningstar Foods is a producer of dairy and non-dairy extended shelf-life and ...
Tags: food, beverage, Dean Foods, sell, dairy