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Parmalat requests $144m reduction in Lactalis American Group acquisition price

Italian dairy giant Parmalat has requested a $144m (€110m) reduction in the price it paid to acquire its sister unit, Lactalis American Group (LAG), from Lactalis in May 2012.

Lactalis in talks to acquire soon-to-close German Saputo cheese plant

French dairy giant, Lactalis, is on the verge of acquiring Saputo’s soon-to-close cheese manufacturing facility in Heiden, Germany for an undisclosed price.

Parmalat acquisition probe: Court appoints commissioner to oversee LAG price adjustment

The civil investigation into Parmalat’s May 2012 $904m intra-group acquisition of Lactalis American Group (LAG) has appointed a special commissioner to oversee an audit calculating a final price for the...

Parmalat reveals LAG ‘profitability’ in attempt to dispel embezzlement concerns

Parmalat has moved to dispel concerns about the legality of its intra-group acquisition of Lactalis American Group (LAG) by revealing better than expected financial results that “confirm the profitability” of the business....

Parmalat not concerned by ‘unbelievable’ LAG deal annulment request

Parmalat is confident of a positive outcome in the civil hearing into its acquisition of Lactalis American Group (LAG) – despite yesterday’s request by prosecutors to remove the company’s board...

Parmalat 'shocked' by prosecutors call to cancel LAG acquisition

Italian prosecutors have asked for Parmalat’s $904m acquisition of Lactalis American Group (LAG) to be cancelled and the Parma-based dairy giant’s board to be removed, according to reports.

Italian police search Parmalat, Lactalis offices in LAG deal probe

The Italian headquarters of Parmalat and its owner, French dairy giant Lactalis, have been searched by Italian police as part of an investigation into Parmalat’s May 2012 intra-group acquisition of...

News in brief

Lactalis agrees to acquire Slovenian dairy processor

Lactalis has agreed to acquire a majority stake in leading Slovenian diary processor Ljubljanske Mlekarne – a move the French dairy giant hopes will strengthen its position in South East Europe.

Groupe Lactalis lift-off looms for Swedish dairy co-op Skånemejerier

Groupe Lactalis’ bid to take over Sweden’s second largest dairy player fits with the French firm’s strategy of reducing its reliance on cheese, and would give it further brands with...

Senior Lactalis figure takes over as Parmalat CEO

A senior figure at Lactalis has been drafted in to become CEO of Parmalat after the French dairy took control of the Italian group at the end of June.

Lactalis buys sizeable stake in Parmalat

Lactalis has acquired a 29 per cent share in Parmalat as the Italian government looks into ways of preventing the dairy company from falling into foreign hands.

Lactalis pays €8.28m for stake in Spanish ingredients researcher

The Spanish subsidiary of French dairy giant Lactalis has paid €8.28m for 29.9 per cent of the ingredients research division of Spanish dairy group Ebro Foods, which produces the omega-3...

Yoplait owners reject €1.4bn Lactalis bid

The owners of French yoghurt maker Yoplait have rejected a €1.4bn ($1.96bn) unsolicited bid from dairy giant Lactalis yesterday.

News in brief

Lactalis gets EU backing in Puleva buy out

Lactalis has secured regulatory approval from the EU to buy Puleva Foods - the dairy arm of Spanish food giant Ebo Puvela.

Groupe Lactalis ‘committed’ to Rachel’s Welsh dairy, says supplier

French dairy giant Groupe Lactalis has signalled its commitment to maintaining Rachel’s brand and production in mid-Wales, according to Calon Wen, the co-operative that supplies all of the organic yogurt...

Lactalis signs ARA deal with Martek

France’s Lactalis Nutrition Sante is the latest company to use Martek’s ARA in infant formula and milk for young children, after signing a multi-year single-source agreement with the micro-algae specialist....

Roquefort’s American dreams may be numbered, claims Lactalis

It could now be impossible for French producers to sell Roquefort cheese in the US amidst an ongoing dispute with the EU over trade policy, warns a leading supplier of...

Camembert purists drive Lactalis production shake-up

France–based Lactalis is shutting down production at one of its sites amidst an ongoing battle of wills in the country over the ‘traditional’ manufacture of camembert cheese.

Lactalis McLelland enters OFT price fix agreement

Dairy group Lactalis McLelland will face a reduced financial penalty from the Office of Fair Trading (OFT) after accepting responsibility for its role in the alleged price fixing of cheeses...

News briefs: Lactalis, Arla and rock and roll cheese

In this weeks round-up, some of France's leading dairy group's continue to rack up their prices amidst increasing dairy costs, the EU stands up for Staffordshire and cheese may be...

News briefs: Lactalis, Chinese dairy and flatulence threats

In this week's industry round up, there is acquisition fever afoot as a number of dairy group's aim to expand globally into emerging markets, and the environmental danger of cow...

Lactalis milks regional demand with Czech buy

Lactalis has acquired a majority stake in Czech dairy Mlekarna Kunin as it looks to tap into the potential for dairy products in the country.

Lactalis promises innovation with Croatian acquisition

Safety and innovation were on the agenda this week, when the head of French dairy group Lactalis met with the Croatian vice president to discuss the company's plans for rejuvenating...

Lactalis stops Roquefort shipments in safety row

A dispute over Roquefort cheese has again erupted in Australia after authorities there rejected a recent shipment, prompting French dairy group Lactalis to cancel exports to the country in protest.

Lactalis targets African dairy with Celia takeover

French dairy firm Lactalis has bought out domestic rival Celia in its latest move to expand, giving the group a foothold in the emerging North African dairy market.

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