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Mead Johnson to Buy Bega Cheese's Spray Drying and Finishing Capabilities in Australia
Mar 1, 2017US-based infant formula manufacturer Mead Johnson has agreed to acquire spray drying and finishing capabilities from Australian food group Bega Cheese for A$200m. The deal includes one of Bega Cheese's spray dryers at Tatura and an infant ...
Tags: Cheese, infant formula
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Bega Cheese Publishes Its First Sustainability Report
Jul 18, 2016Bega Cheese has published its first ever sustainability report. Looking back on its 2015 financial year, the report examines the dairy company's environmental and social impacts. It reveals that Bega Cheese achieved a 7 per cent ...
Tags: Bega Cheese, Cheese
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Bega Cheese Announces New Season Milk Price
Jun 23, 2016Bega Cheese has announced a reduction in its opening farm gate milk prices for the 2016/17 financial year. The dairy company will pay approximately 11 per cent lower across all its supply regions. This equates to a Victoria farm gate milk ...
Tags: Bega Cheese, ASX, milk prices
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Murray Goulburn Not Immune to Low Dairy Prices
Mar 13, 2016Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders. The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six ...
Tags: low milk prices, Murray Goulburn
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Cheese Markets Changing, But Bega Still Shows Good Results
Mar 13, 2016A higher proportion of Australians living in rural and regional parts of the country are more likely to purchase cheese than consumers living in the bigger Australian cities says a new report from Roy Morgan Research. In the 12 months to ...
Tags: Cheese, Cheese-buying habits
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Coles Choice of Murray Goulburn Rattles Bega Cheese Private Label Cheese Business
Feb 5, 2016Victorian-based dairy processing giant Murray Goulburn dairy co-operative will be replacing Bega Cheese as Coles’ private label cheese supplier from January 2017. Bega Cheese has been providing cheese sold under Coles private label ...
Tags: dairy processing, Cheese
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Fonterra to Sell Australian Yogurt and Dairy Dessert Business to Parmalat Australia
Dec 21, 2015New Zealand-based dairy company Fonterra Co-operative Group is selling its Australian yogurt and dairy dessert business to Parmalat Australia. In this regard, both companies entered into negotiations which resulted in signingof the ...
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Fonterra’s Australian Business Invests $93.9m in Modern Cheese Facility
Dec 3, 2015New Zealand-based dairy cooperative Fonterra’s Australian unit is investing NZD$141m ($93.9m) in the construction of a modern cheese facility at its Stanhope factory premises. The new facility will be constructed in place of the ...
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Fonterra Sells Its 50% Stake in Dairiconcepts to Dairy Farmers of America
Nov 24, 2015New Zealand-based dairy cooperative Fonterra will sell its 50% stake in DairiConcepts to US-based cooperative Dairy Farmers of America (DFA) for NZD$196m ($126.7m) . DairiConcepts is the joint venture between Fonterra and DFA. Under ...
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China Baby Boom Formulates a Baby Formula Frenzy
Nov 3, 2015On Friday 30 October 2015, Australia’s leading complementary healthcare product-maker Blackmores and Australian dairy group Bega Cheese announced the two companies would be teaming up to produce and sell infant formula for consumers ...
Tags: infant formula, Baby Formula
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Several Dairy Firms Wangts to Bid for Australian Milk Processor United Dairy Power
Dec 2, 2014Several dairy firms including Saputo, Murray Goulburn and Bega Cheese are planning to bid for Australian milk processor United Dairy Power. To be put up for sale by insolvency firm PPB Advisory, United Dairy Power's business is ...
Tags: Dairy, Cheese, milk, Agriculture
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Dairy Businesses Have Coped Differently with 'difficult' Market Conditions
Feb 27, 2014February 24, 2014 Sophie Langley Australian-based dairy businesses have coped differently with 'difficult' market conditions Food and beverage company Lion has announced its Dairy and Drinks business experienced “significant ...
Tags: Bega, Lion Dairy, WCB, RTD
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Saputo has shut Unconditional Takeover Offer for Warrnambool
Feb 19, 2014Canadian dairy giant Saputo has closed its unconditional all-cash takeover offer for Warrnambool Cheese and Butter (WCB) and now holds 87.92% share in the Australian firm. The company stated that going forward it will work closely with ...
Tags: Saputo, Unconditional Takeover
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How Might Lion's Next Moves Affect The Australian Dairy Industry
Feb 7, 2014January 29, 2014 How might Lion's next moves affect the Australian dairy industry Food and beverage company Lion has announced that it does not currently intend to sell its shareholding in Victorian dairy company Warrnambool Cheese and ...
Tags: WCB, Lion, Japan K.K, Warrnambool Cheese
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Bega Has Announced Its Intention to Sell Its 18.8 Per Cent Shareholding in WCB
Jan 21, 2014New South Wales-based dairy company Bega Cheese Limited (Bega) has announced its intention to sell its 18.8 per cent shareholding in Warrnambool Cheese and Butter (WCB) to Canadian dairy company Saputo. The move makes a Saputo takeover of ...
Tags: interest grows, Sell WCB Shares
