Vietnamese dairy firm Vinamilk has decided to eliminate its 49% foreign ownership limit to facilitate overseas investment into the company which is valued at $7.85bn. The company has not set a timeframe on when the current limit would be ...
Tags: Vinamilk, Vinamilk investor
Muller Milk & Ingredients is planning to invest £15m in the next three years in Scottish fresh milk dairy at Bellshill as part of its strategic review of Scottish dairies. The investment is intended to improve operational ...
Tags: Muller&Ingredients, Investment, Fresh Milk Dairy, Bellshill
India-based dairy startup Sahayog Dairy has raised INR110m ($1.6m) in the first round of funding from social venture capital investment firm Acumen for expansion of its processing plant. The dairy firm will use the money for expansion of ...
Tags: milk chilling, dairy segment
Canadian dairy firm Agropur Cooperative is to cease fluid milk processing operations at its facility in Saint-Bruno-de-Montarville, Quebec. This forms a part of the company's strategy to review and optimize its processing activities, in a ...
Tags: milk processing, food manufacture, dairy products, animal husbandry, milk
Facing second contamination scare within a week, Satamaito co-operative dairy in Pori, Finland, has recalled its milk products over possible listeria contamination. Citing health risk, the company stated that it was recalling all ...
Tags: Satamaito, dairy product
Saudi Arabia-based dairy food company Almarai is looking to acquire confectioner Rashidi El-Mizan and dairy firm Dina Farms, as well as planning to invest $500m towards the expansion of its current projects in Egypt. The investment ...
Dubai-based Al Rawabi Dairy, which penetrated into the UAE market more than two decades ago, intends to expand further into the MENA region. Al Rawabi planss to foray into Kuwait, Bahrain, and many North African countries. Al Rawabi ...
Tags: Al Rawabi Dairy, UAE market, milk
The government of Oman has announced plans to set up a dairy firm with an investment of around OMR100m ($258.8m) to achieve self-sufficiency in dairy production and food security The proposed project is being promoted by state-owned ...
Tags: dairy production, food security, Agriculture
The Government of Oman is planning to set up a dairy firm, which will see an investment of around OMR100m ($258.8m). The investment is in line with the government's strategy to achieve self-sufficiency in dairy production, reports ...
Tags: Dairy Firm, investment funds, private investors, Agriculture
Emmi, a dairy firm in Switzerland, has acquired 100% stake in Canada-based J.L. Freeman's cheese business for an undisclosed amount. The acquisition is line with Emmi's strategy to strengthen its position in the speciality cheese ...
Tags: dairy firm, cheese, Agriculture
Emmi, a dairy firm in Switzerland, has acquired 34% stake in Emmi Fondue (EFON) owned by French milk processor Bongrain since late 2004. EFON, a joint venture between Emmi and Bongrain, has been dissolved because it became steadily ...
Tags: dairy product, Emmi
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
Mexican food firm Grupo LALA has agreed to acquire assets of Nicaraguan food company Eskimo for an undisclosed amount. An agreement to this effect was signed by both the companies, with the transaction to be closed after obtaining ...
Tags: ice cream, milk and yoghurt, Agriculture
French dairy producer Lactalis International has offered to buy the Egypt-based dairy firm Arab Dairy for LE66 ($9.20) per share. This new offer marks the highest price for share compared to the other potential buyers including Saudi ...
Tags: Arab Dairy, Acquisition Offer, Agriculture
French dairy company Danone is increasing its stake by more than 90% in Moroccan dairy firm Central Laitière with an investment of €278m ($348m), in an effort to cut down its reliance on European region, where dairy is ...
Tags: Moroccan dairy, Agriculture