Chinese dairy firm Liaoning Huishan Holdings is planning to raise$800m to$1bn through an initial public offering. It has invited banks to submit proposals to handle the IPO on the Hong Kong Stock Exchange by 6 October,Wall Street ...
Tags: initial public offering, image, investors
US-based dairy firm Fair Oaks Farms has launched its artisan cheese gift collection in several varieties, just in time for the holiday season. The Champion Collection includes a full pound of Aged Gouda, Emmentaler and Sweet Swiss, packed ...
Tags: artisan cheese gift collection, several varieties, holiday season
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
Glanbia's Dairy Ingredients Ireland (DII) has unveiled a new whey protein isolate facility at its milk processing base in Ballyragget, County Kilkenny, with an investment of EUR21m. The facility features a micro-filtering system to ...
Tags: new whey protein isolate facility, milk processing base
US-based food company Kraft Foods is seeking to sell its Breakstone's sour cream and cottage cheese products unit,which is estimated to be worth$400m. Mexico-based Dairy firm Grupo Lala is planning to acquire Breakstone's ...
Tags: sour cream, cheese products, Kraft Foods, brand
Pineland Farms Creamery,a dairy firm based in Maine,US,has announced that its natural cheese will be available at nearly 500 Kroger shops across the US. The product will be available in both Kroger Specialty Cheese shops and the Murray's ...
Tags: natural cheese, sustainable agriculture, cheese industry
The New Zealand government plans to set up a model dairy farm in Burma, in order to support the country’s efforts to become more self-sufficient. The farm will be built with an investment of NZ$6m ($4.89m), over a period of five ...
Tags: New Zealand, government, dairy farm, Burma
Networking hardware giant Cisco is to acquire privately held Meraki for $1.2bn (GBP 755m). Meraki, which was founded in 2006 and has offices in New York, London and Mexico, offers mid-market customers easy-to-deploy on-premise networking ...
Tags: New York, London, easy-to-deploy
UK-listed Ukrainian dairy firm Ukrproduct reported higher first-half profits thanks to its branded products and its production of fermented beverage kvass. Net profit more than doubled to GBP636,000 (US$1m) in the six months to the end of ...
Tags: dairy firm, fermented beverage kvass, profits, dairy, kvass
US dairy firm Land O'Lakes has recorded a drop in first-half earnings as the company continued to face economic challenges and "volatile" markets. In the six-month period, net earnings fell 21.5% to US$6.9bn, the company reported today ...
Tags: dairy firm, net earnings, fell, excess milk supplies
French food company Danone has increased its stake in Morocco's leading dairy company Centrale Laitière to 67%with an investment of€550m,as a part of its plan to strengthen its presence in North Africa. Danone,which held a ...
Tags: stake, markets, baby food, medical nutrition products
Irish dairy and ingredients group Glanbia has said it is still in"constructive"talks on a proposed joint venture in Irish dairy processing with its majority shareholder. Glanbia said today(26 June)it is in discussions to sell 60%of its ...
Tags: dairy processing, shareholder, joint venture
Arla Foods revealed 250 jobs could be cut as it drives efficiency and tries to keep pace with its international competitors - and admitted more could be made. The race to buy frozen food giant Iglo Group also continued to make the headlines ...
Tags: Arla Foods, revealed revealed jobs, frozen food, pork, food labels