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Brexit, Commodities Force Arla Foods to Launch Cost-Cutting Plan
Apr 24, 2018European dairy giant Arla Foods has initiated an internal transformation program in an effort to realize more than €400m of savings by the end of 2020. The program, dubbed Calcium, seeks to strengthen the company's performance to the ...
Tags: Brexit, Arla Foods
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Saputo to Acquire Australian Dairy Firm Murray Goulburn for $1bn
Oct 31, 2017Canadian 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
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China's Yili Plans $850m Bid for Danone's Stonyfield Yogurt Business
May 16, 2017Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...
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Danone Puts Stonyfield up for Sale to Complete Whitewave Acquisition
Apr 5, 2017Danone has agreed to divest one of its US dairy subsidiaries, Stonyfield, to secure approval from US antitrust authorities for its $10bn acquisition of soy-milk maker WhiteWave Foods. The French dairy giant has reached an agreement in ...
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Finland's Top Court Upholds Eur70m Fine on Valio for Lowering Milk Prices
Jan 10, 2017Finland's Supreme Administrative Court has upheld a decision to impose a fine of €70m on dairy giant Valio for abusing its dominant market position in the domestic milk market. With the decision, the court has ended a long legal ...
Tags: Finland, Lowering Milk
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Lactalis to Buy Remaining Stake in Parmalat for Eur637m
Jan 6, 2017French dairy giant The Lactalis Group has offered its Italian subsidiary Parmalat a buyout offer of €637m for the 12.26% stake it doesn’t hold. The move from the Lactalis is to take 100% control of Parmalat in order to delist ...
Tags: dairy, Lactalis Group
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Fonterra to Invest $240m to Build New Mozzarella Plant in New Zealand
Dec 14, 2016Dairy giant Fonterra has announced to invest $240m to build a new mozzarella plant at its Clandeboye site in South Canterbury, New Zealand. The expansion is expected to double the co-operative’s capacity to produce its individually ...
Tags: Fonterra, Mozzarella Plant
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Fonterra Diversifies Product Portfolio with New Cheese Launches
Nov 30, 2016New Zealand-based dairy co-operative Fonterra has diversified its product portfolio, as consumer preferences across the world take new directions. The dairy giant said that the markets across wider Asia and the Middle East start to define ...
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Arla Launches Branded Organic Milk in UK
Nov 22, 2016Dairy giant Arla Foods has launched its first branded organic product to expand its milk offerings in the UK. Branded as the Arla Organic Farm Milk, which comes in 2-litre semi-skimmed and whole milk formats, has a price tag of ...
Tags: Arla, organic product
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Bel to Acquire Majority Stake in Healthy Snack Maker MOM Group
Oct 26, 2016French dairy giant The Bel Group has entered into an agreement with LBO France to acquire a majority stake in fruit snacks and dessert maker MOM Group. Under the agreement, Bel will acquire 65% stake in the company, while the remaining ...
Tags: Bel, Healthy Snack
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Fromageries Bel to Acquire Healthy Snack Maker MOM Group
Aug 3, 2016French dairy giant The Bel Group has agreed to engage in exclusive negotiations to acquire a majority stake in fruit snacks and dessert maker MOM Group. Owned by a private equity LBO France, the MOM Group has significant presence in the ...
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Danone to Buy Whitewave Foods for $12.5bn in All-Cash Deal
Jul 12, 2016French dairy giant Danone has entered into an agreement to acquire WhiteWave Foods in an all-cash deal worth $12.5bn. The acquisition is expected to double the size of Danone's business in the US, while helping the company to move towards ...
Tags: WhiteWave Foods, Danone, beverage categories
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Russia Extends Ban on Western Food Imports to End-2017
Jul 7, 2016Russian President Vladimir Putin has signed a decree to extend the food embargo imposed by the country on Western food products until the end of December 2017. The ban was first introduced by Russia in the summer of 2014 on a range of ...
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Danone to Launch Indian Dessert ‘Mishti Doi’ in Europe
Dec 10, 2015French dairy company Danone is planning to introduce Indian dessert 'Mishti Doi' or sweet yogurt in the European market. Danone is piloting a project to launch the Indian dairy products in a few international markets. Currently, the ...
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Fonterra Opens $37m Blending and Packing Plant in Indonesia
Sep 10, 2015New Zealand dairy giant Fonterra has opened a new $37m blending and packing plant in Indonesia. Said to be Fonterra's first manufacturing facility in the country, the plant uses the company's manufacturing design standards and technology. ...
Tags: Fonterra, Packing Plant
