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Australian Regulator Approves Saputo's $1bn Acquisition of Murray Goulburn

Apr 8, 2018

Australia’s competition regulator has approved the CAD1.29bn ($1.01bn) acquisition of Murray Goulburn Co-Operative (MG) by Canadian dairy producer Saputo. The Australian Competition & Consumer Commission (ACCC) said that it will not ...

Tags: Murray Goulburn, dairy plant

Saputo to Acquire Australian Dairy Firm Murray Goulburn for $1bn

Oct 31, 2017

Canadian dairy giant Saputo has agreed to acquire Australia-based dairy processor Murray Goulburn Co-Operative (MG) for CAD1.29bn ($1.01bn). The is expected to complement the operations of Saputo's Dairy Division (Australia). Saputo ...

Tags: Saputo, dairy processor

Wyke Farms Extends Partnership with Organic Milk Suppliers Cooperative

Jul 7, 2017

UK-based independent milk processor Wyke Farms and The Organic Milk Suppliers Cooperative (OMSCo) have announced a growing partnership to expand organic cheese production, distribution and sales. Wyke Farms and OMSCo are developing their ...

Tags: milk processor, Organic Milk

Glanbia Seeks to Sell Control of Dairy Ireland to Farmers Co-Op

Mar 1, 2017

Glanbia Co-op has proposed to create a strategic joint venture named Glanbia Ireland encompassing Glanbia Ingredients Ireland, Consumer Products & Agribusiness. Glanbia Co-op also proposes a €100m “spin-out” of Glanbia ...

Tags: Glanbia, Premier Milk

China Mengniu Dairy to Acquire Modern Dairy for $826m

Jan 10, 2017

China Mengniu Dairy has agreed to acquire China Modern Dairy (CMD) for HK$6.4bn ($826m) to consolidate its position in the high-end dairy products sector. As part of the deal, China Mengniu will buy 965.47 million shares in CMD from a ...

Tags: Mengniu Dairy, Dairy

Dean Foods, Cropp Set up JV to Strengthen Organic Valley Milk Brand

Nov 17, 2016

Dean Foods has partnered with an independent farmer cooperative CROPP to set up a joint venture to strengthen Organic Valley milk brand. Through Dean Foods' processing plants and refrigerated direct store delivery (DSD) distribution ...

Tags: Dean Foods, Organic Valley Milk

FrieslandCampina Posts 16.7% Drop in Profit for H1 2016

Sep 6, 2016

The profit of Royal FrieslandCampina decreased by 16.7 percent over the first half-year 2016 to 160 million euros compared to the same period in the previous financial year. Due to the significant increase in the member dairy ...

Tags: Royal FrieslandCampina, profit

Bega Cheese Publishes Its First Sustainability Report

Jul 18, 2016

Bega Cheese has published its first ever sustainability report. Looking back on its 2015 financial year, the report examines the dairy company's environmental and social impacts. It reveals that Bega Cheese achieved a 7 per cent ...

Tags: Bega Cheese, Cheese

Grupo LALA Partners with Florida Bebidas to Expand in Central America

Jul 12, 2016

Mexican food company Grupo LALA has signed a strategic agreement with the Costa Rican firm Florida Bebidas for the production, distribution and sale of LALA products in Costa Rica. The partnership is expected to enable LALA to gain access ...

Tags: distribution capacity, Regional Farming

Bega Cheese Announces New Season Milk Price

Jun 23, 2016

Bega Cheese has announced a reduction in its opening farm gate milk prices for the 2016/17 financial year. The dairy company will pay approximately 11 per cent lower across all its supply regions. This equates to a Victoria farm gate milk ...

Tags: Bega Cheese, ASX, milk prices

ITC Forays Into Dairy Whitener Market with Sunfresh Brand

Jun 12, 2016

India’s consumer goods conglomerate ITC has forayed into the into dairy whitener market by launching its Sunfresh brand. In October last year, it entered dairy business by introducing packaged ghee. Sunfresh brand is its second ...

Tags: Sunfresh Brand, dairy business

Murray Goulburn Not Immune to Low Dairy Prices

Mar 13, 2016

Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders. The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six ...

Tags: low milk prices, Murray Goulburn

Cheese Markets Changing, But Bega Still Shows Good Results

Mar 13, 2016

A higher proportion of Australians living in rural and regional parts of the country are more likely to purchase cheese than consumers living in the bigger Australian cities says a new report from Roy Morgan Research. In the 12 months to ...

Tags: Cheese, Cheese-buying habits

Australia Approves Sale of Dairy Farm Tasmanian Land to China-Based Moon Lake Investments

Feb 29, 2016

The Australian treasury has given its approval to the sale of the country's largest dairy farm Tasmanian Land Company (TLC) including Van Diemen's Land Company (VDL), to Chinese billionaire Lu Xianfeng's Australian arm Moon Lake Investments ...

Tags: VDL, Dairy Farm

Coles Choice of Murray Goulburn Rattles Bega Cheese Private Label Cheese Business

Feb 5, 2016

Victorian-based dairy processing giant Murray Goulburn dairy co-operative will be replacing Bega Cheese as Coles’ private label cheese supplier from January 2017. Bega Cheese has been providing cheese sold under Coles private label ...

Tags: dairy processing, Cheese

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