Lion, an Australian unit of Japanese conglomerate Kirin, has acquired a 9.99% stake in Australia's Warrnambool Cheese & Butter (WCB). Warrnambool operates two manufacturing facilities in South West Victoria and South Australia with more ...
Tags: conglomerate Kirin, Cheese, Butter
Saputo, a Canada-based dairy company, has increased its takeover bid by 14% to A$449 million ($430m) to acquire an Australian dairy processor Warrnambool Cheese and Butter. The move comes after diary co-operative Murray Goulburn (MG) ...
Tags: Saputo, dairy company
Murray Goulburn, an Australian diary co-operative, has launched a A$420m ($404m) bid to acquire Warrnambool Cheese and Butter (WCB), following Canada's Saputo C$378m bid earlier this month. The proposal would create one of the largest ...
Tags: Murray Goulburn, Cheese, Butter
Saputo, a Canada-based dairy company, has entered into a $370m deal to acquire Australia's oldest dairy processor Warrnambool Cheese and Butter, as part of its efforts to expand its presence in the Asia Pacific region. The offer has ...
French dairy group Lactalis is in negotiations to acquire Canadian dairy processor Saputo's cheese manufacturing facility in Germany for an undisclosed amount. Saputo's German facility manufactures Italian specialty cheeses for the retail ...
Tags: French dairy group, Food
Canadian dairy processor Saputo has announced that it will close its cheese manufacturing facility in Warwick, Québec, a move which will put approximately 100 jobs at risk. Saputo noted that this decision is aimed at improving ...
Tags: dairy processor, Saputo, Cheese
Canadian dairy group Saputo looks set to quit Europe after deciding to close plants in the UK and Germany. Saputo said today (25 February) it did not have the "critical mass" for its European operations to be profitable. It announced ...
Tags: dairy group, Saputo, Europe
US dairy company Dean Foods has reported that its net earnings increased to $167.5m for the fiscal 2012, compared to a loss of $1.58bn for the same period in 2011. For the year ended 31 December 2012, the company reported 2% decline in ...
Tags: dairy company, Dean Foods, net earnings
The latest batch of reports from the just-food research store includes health claim strategies for food and drinks firms, social media strategies for food companies and super grains. Bakery Cookies (Sweet Biscuits) Market in United ...
Tags: Bakery, Confectionery, Online
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. Data for the whole of 2012 has not yet been published ...
Tags: European M&A advisors, food sector, Food
Canadian dairy firm Saputo has recorded a drop in first-half profits, hurt by "unfavourable" market conditions in the US and an increase in the cost of milk in California. Earnings amounted to C$251.5m (US$251.8m) in the six ...
Tags: Saputo, milk price hike, dairy firm
The week's two major stories broke within hours of each other on Wednesday - Tesco admitted it was "likely" to leave the US and Germany's Intersnack snapped up United Biscuits' salty snacks business. Elsewhere, ex-Tesco CEO Terry Leahy led ...
Tags: salty snacks, Intersnack, Hula Hoops, McCoy's, Skips, dairy, pork sector
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
A swathe of results releases this week highlighted the ongoing difficulties of operating in the current economic climate. Supervalu announced that it is cutting 2,500 jobs from its Albertsons chain and McCain said that it is quitting pizza ...
Tags: Supervalu, cutting jobs, meat, food, packaged foods