Canadian dairy firm Saputo has signed a deal to acquire the Morningstar business of Dean Foods. The US$1.45bn deal will be financed through a newly-committed bank loan, Saputo said today (3 December). The acquisition will help expand the ...
Tags: dairy, Morningstar, Dean Foods, acquire
US investment firm Trian Fund Management, which is headed by activist investor Nelson Peltz, has acquired 1% stake in Danone - the French dairy company which is estimated to have a market capitalization of approximately $37bn. Trian Fund ...
Tags: a market capitalization of approximately, Danone, leaner cost structure
Frutarom Health,Switzerland,has announced that UniK2-the company's natural vitamin K2 MK-7,has received self-affirmed GRAS(Generally Recognized as Safe)status based on critical assessment and acceptance of a qualified,independent scientific ...
Tags: natural vitamin, dairy products, soy milk, fruit drinks, functional food
The European Food Safety Authority (EFSA) has delayed the release of a re-evaluation of the sweetener aspartame, in order to facilitate additional review of new data. While the release was scheduled for September 2012, the EFSA had asked ...
Tags: sweetener aspartame, additional review, re-evaluation of aspartame
DMA, an industry provider in beverage formulations, compounding and aseptic packaging, will exhibit its expanding services and new product opportunities on 7-8 November 2012 at SupplySide West 2012 in Las Vegas, NV. The company committed ...
Tags: Beverage Packaging, aseptic packaging, non-aseptic technologies
Indian dairy co-operative Dudhsagar Dairy plans to c Rs3.5bn($62.69m)to set up a facility in Haryana state by the end of 2012,as part of its plan to boost its milk supply to the national capital Delhi. The plant,which will be located at ...
Tags: milk, liquid milk, yogurt, yogurt-based drinks, dairy co-operative plans
Goodman Fielder, a manufacturer of bread and dairy products in Australia and New Zealand, plans to close three bakeries in Australia and cut nearly 115 jobs. This move is a part of the company's plan to lower costs and improve ...
Dean Foods, a US-based dairy company, has reported that its net income totaled $56.1m for the second quarter ended 30 June 2012, compared to a loss of $50.5m for the same period in 2011. The company posted 5.15% decrease in net revenues ...
Tags: net income, processor and distributor of milk, cultured dairy products
French dairy company Danone has reported 9.4% increase in its consolidated sales to €5.26bn for the third quarter of 2012, compared to €4.81bn for the same period in 2011. The company said that this organic growth indicates a ...
UK's Environment Secretary Owen Paterson is heading a food trade delegation to China this week, as a part of an effort to increase dairy exports to China and boost the economy by £1bn. Paterson will meet dairy companies, trade ...
Tags: food trade delegation, dairy exports to China, dairy companies
New Zealand-based multinational dairy co-operative Fonterra is planning to establish a local office in Delhi, India in 2013, in order to take advantage of growing demand for dairy products in the country. The office will be headed by ...
Tags: dairy, local office, Delhi, Amul and Mother Dairy
US-based dairy products producer Smith Dairy has announced a voluntary recall of peanut butter products produced by Sunland over salmonella contamination. The products subjected to recall include SMITH'S Peanut Butter Crunch ice ...
Tags: peanut butter, salmonella, ice cream
Dairy co-operative Irish dairy board (IDB) has acquired The Cheese Warehouse - a UK based cheese ingredients company, for an undisclosed amount. This acquisition is a part of the co-operative's strategy to further strengthen its position ...
Tags: Irish dairy board, part of the co-operative's strategy, food ingredients
US-based International Flavors & Fragrances (IFF) has opened a new flavor production facility in New Delhi, India, as a part of its plan to strengthen its presence in emerging markets. The new facility, located in Gurgaon, will develop ...
Tags: flavor production facility, emerging markets, foods, sweets, beverages
DuPont plans to establish a food application center in India,as a part of its plan to strengthen its food and nutrition business in the country.The new center will develop customized food solutions for the local market. The center would ...
Tags: food solutions, food application center, nutrition, health