Fonterra, a New Zealand-based dairy co-operative, has raised around NZD250m ($207m), under a five-year dim sum bond issue, in a move to develop its business in China. The dim sum bonds have been issued as part of Fonterra Treasury's ...
Tags: Fonterra, Chinese Operations, dairy
The Abraaj Group, a UAE-based private equity investor, has entered into an agreement to acquire majority stake in Turkish dairy firm Yorsan Group, alongside the European Bank for Reconstruction and Development (EBRD). Yorsan Group is a ...
Tags: Abraaj, Yorsan Dairy Firm
Scott George, a dairy producer and cow-calf operator out of the state of Wyoming is the current president of the National Cattlemen’s Beef Association. Radio Oklahoma Network Farm Director Ron Hays visited with George about a variety ...
Tags: Scott George, Beef, Challenges, cattle industry
ARC Capital Holdings, an investment firm, has signed a definitive agreement with Prospect Link for the sale of its entire stake in Ningxia Xiajin Dairy for $30m. Ningxia Xiajin Dairy, which is a China-based establishment, produces milk ...
Tags: Dairy Firm, Agriculture
Russian consumer protection watchdog Rospotrebnadzor has lifted ban on Lithuanian dairy product imports into the country. As part of the gradual abolition of import restrictions, Rospotrebnadzor has canceled restrictions on Rokiskio ...
Tags: Dairy Imports, milk
New 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
The first warning letters of the year issued by the U.S. Food and Drug Administration were delivered to a seafood processing facility in Hawaii and a dairy operator in Pennsylvania. A warning letter is FDA’s principal means of ...
Tags: FDA, HACCP, violation, Nobuo T.Hawaii
Krones is known to be a market leader for beverage filling and packaging technology. So, when it developed a complete next generation valve range with appeal for the pharmaceutical and biotech sectors as well as its regular audience, it ...
Canadian dairy products maker Saputo has signed an agreement to acquire the fluid milk business of Scotsburn Co-Operative Services for $61m to expand its presence in Atlantic Canada. Scotsburn Fluid Milk Business operates two processing ...
Tags: Milk Business, Food
Greek dairy producer Delta Foods is set to distribute its Greek yoghurt and cheese products in French and Italian markets after signing a deal with Italian dairy group Granarolo. The agreement will bring together the knowhow and ...
Tags: Delta Foods, Italian Markets
American meat producer Tyson Foods is reportedly considering the acquisition of egg distributor Michael Foods Group, owned by a private equity unit of Goldman Sachs Group. The deal, which is seen worth over $2bn, will help the two ...
Tags: Michael Foods, Tyson Foods
A combination of long-term feed price movement and recent stormy winter weather have combined to ignite record-high cattle and beef prices, and between those factors, a lag in cow slaughter and a strong export market have the market on ...
Tags: Beef Prices, long-term feed price
Hilmar Cheese is set to construct a milk powder processing facility in Turlock, California, to meet strong global demand for milk powders. The facility will add 40 full time jobs to the local economy when completed. It will produce a ...
Tags: Hilmar Cheese, Milk Powder, Food
Anytime a product recall is quickly associated with illnesses it's never good. But for Fonterra, the world's largest dairy processor, the need in the last week to recall 8,700 bottles of cream for E. coli contamination could not have come ...
Tags: Agriculture, Food, Milk, Milk Powder
Australian dairy cooperative Bega Cheese plans to sell its 18.8% share in Warrnambool Cheese and Butter (WCB) to Canadian dairy firm Saputo. Bega will receive between $94.7m to $101m, based on Saputo's relevant interest at the close of ...
Tags: Bega Cheese, Agriculture