Inner Mongolia Yili Industrial Group, a China-based dairy company, plans to invest $214m to set up an infant formula facility in South Canterbury and as part of this strategy, it is set to buy New Zealand-based Oceania Dairy Group. ...
Tags: Yili Industrial Group, infant formula facility, dairy industry
US-based dairy company Chobani has opened a $450m yogurt manufacturing facility in Twin Falls, Idaho, US. The 1000, 000ft2 facility will enable the company to boost the production of its Chobani branded yogurt and strengthen its ability ...
Tags: Yogurt, Agriculture Food, Chobani
Dutch dairy giant FrieslandCampina has entered into a joint venture with French dairy processor Bongrain to sell branded cheese products in France. The joint venture,which will take effect from 1 January,will have"limited ...
Tags: dairy, FrieslandCampina, joint venture, Bongrain
Netherland-based Royal FrieslandCampina has completed the acquisition of IDB Belgium. Although IDB Belgium will become a part of FrieslandCampina Cheese, Butter & Milkpowder, it will continue to operate independently. It has one ...
Fonterra has struck a deal to buy the processing assets of New Zealand Dairies, which went into receivership last month. Russian baby food group Nutritek acquired a majority stake in New Zealand Dairies in 2008 and aimed to use the ...
Tags: Dairies Assets, receivership
Arla Foods and Fonterra have teamed up with Danish analytical solutions provider Foss to develop a screening method to determine whether milk has been tampered with for financial gain. The'fingerprint'-based screening technique will ...
Tags: Arla, Fonterra, Foss, China, Denmark, milk, dairy, safety, melamine
Danish dairy cooperative ArIa Foods has merged with German cooperative Milch-Union Hocheifel (MUH), following approvals from the European Commission. The merged business is called Arla Foods Deutschland. Arla is a dairy cooperative ...
Tags: dairy cooperative, merged business, long life milk and fresh liquid milk
Bega Cheese,an Australia-based dairy company,is planning to upgrade its Ridge Street facility in order to reduce energy costs and greenhouse gas emission. Bega Cheese chief executive officer Aidan Coleman said that the company plans to ...
Tags: Ridge Street facility, energy costs, greenhouse gas emission
Alaska Milk,a leading dairy company in the Philippines,has filed a petition seeking voluntary delisting from the Philippine Stock Exchange. This move comes as the Dutch dairy cooperative Royal FrieslandCampina filed a tender offer notice ...
US food and beverage company Dean Foods has entered into an agreement to sell its Morningstar Foods unit to Canadian dairy company Saputo for $1.45bn. Morningstar Foods is a producer of dairy and non-dairy extended shelf-life and ...
Tags: food, beverage, Dean Foods, sell, dairy
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
US dairy company Dean Foods has swung to a profit of$36.44m in the third quarter of 2012,compared to a loss of$1.55bn in 2011,when the company incurred a$1.9bn goodwill impairment charge related to its Fresh Dairy Direct segment. Net ...
Tags: profit, net sales, quarter results
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 ...