French dairy major Danone has agreed to invest €437m in Chinese infant formula producer Yashili, in a move to acquire 25% stake. The investment is said to form a part of the company's strategy to expand its footprint in China. ...
Tags: Yashili, Mengniu Dairy, Danone, 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
French dairy major Danone has agreed to acquire 25% stake in Chinese infant formula producer Yashili for €437m. The move forms a part of the company's strategy to expand its footprint in China. Under the agreed terms, China ...
French dairy major Danone has agreed to acquire 40% stake in , dairy company Brookside Dairy. The move is in line with the company's strategy to expand its presence across Africa. Brookside currently sells long-life milk in Kenya and ...
Tags: Danone, Brookside Dairy, Food
European packaging producer Greiner Packaging International has designed new cup container for French dairy firm Senoble for its strawberry yogurt product Delisse Yaourt au lait entire. The unique design and shatterproof properties of the ...
Tags: Greiner Packaging, Cup Container
French dairy major Danone is planning to shut down three of its plants in Europe, a move which will eliminate 325 jobs. The decision comes amid declining fresh dairy sales in the continent. Although, European sales volumes are now ...
Tags: Dairy Plants, Danone
French dairy major Danone has agreed to increase its holding in Chinese dairy firm Mengniu from 4% to 9.9%, with an investment of €486m. The company, along with COFCO Dairy Investments, signed a deal to subscribe a reserved rights ...
Tags: Danone, Mengniu, increase holding
French dairy major Danone has commenced legal proceedings against New Zealand-based dairy co-operative Fonterra over losses from the recent whey protein concentrate (WPC80) contamination scare. The company has initiated proceedings in the ...
Fonterra, a New Zealand-based dairy co-operative, has said that it could face a legal challenge from French dairy major Danone over an infant formula contamination scare. The company had discovered a potentially fatal ingredient in a ...
Tags: Agriculture, Food, dairy
French dairy major Danone has partnered with Russian firm Babaev’s Damate, in a move to expand its presence in the country. The company will invest in the construction of several milk farms in Bashkortostan and Tyumen regions of ...
Tags: Milk Farms, Danone
Danone is set to acquire 49% stake in Fan Milk, a frozen dairy products and juices manufacturer in West Africa. The French dairy firm will join Dubai private equity firm Abraaj to acquire Fan Milk in a $360m deal, reported the Financial ...
Tags: Danone, Dairy Fan Milk
Danone Serdika, the Bulgarian unit of French dairy giant Danone, is set to divest its production capacities in Sofia to its US partner Schreiber Foods. The sale is a part of Danone's strategy to optimize production capacity, costs and ...
Tags: dairy giant, Danone
Companies in China, whose tainted milk powder scandal in 2008 left six dead and more than 300,000 sick, are vaunting tie-ups with French dairies to shore up their image but some fear this could backfire for Paris. Chinese firm Biostime ...
Tags: Dairy Firms, milk powder
Happy Family, a leading organic baby and toddler food brand in the US, has introduced Happy Squeeze Greek Yogurt, a line of on-the-go pouches. The nutritious pouches are more convenient alternative to traditional Greek yogurt, and are ...
Tags: Happy Family, Greek Yogurt
French dairy firm Danone has acquired YoCrunch, a US-based company which produces yogurt with crunchy toppings such as M&Ms and Oreo, for an undisclosed amount. Established in 1985, YoCrunch is a leading producer of yogurts with mix-in ...
Tags: dairy firm, Yogurt