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Hi-Tech Pharmaceuticals takes over former Dean Foods Pennsylvania plant

Atlanta-based Hi-Tech Pharmaceuticals is taking over a former Dean Foods production facility in Belleville, Pennsylvania, and will make a multi-million investment to increase capacity and make improvements to the plant’s...

Kerry Group sees revenue growth

Kerry Group has released its financial results for 2016, and announced group revenue increased slightly by 0.4% to €6.1bn ($6.43bn).

Arla profits grow despite revenue decline

Danish dairy co-operative Arla Foods has released its 2016 financial results, which show a decline in revenue as a result of the global price environment, but due to moving more...

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Kerry Group selects new CEO

The board of the Irish food and ingredient manufacturer has chosen Edmond Scanlon, the current chief executive of the group’s Asia-Pacific operations, to become the new CEO.

TINE and Tetra Pak investigated by Norwegian crime unit

Dairy cooperative TINE SA has contacted the Norwegian authorities after a report in a local newspaper Dagens Næringsliv (DN) claimed to have exposed an improper supplier relationship between TINE and...

Company to sell 60% stake in Dairy Ireland to Irish co-op

Strong results reiterate Glanbia's nutrition focus; as firm announces Dairy Ireland spin-off

Glanbia reported better than expected growth in 2016 with performance nutrition driving revenue and profits, said the firm as it announced the part sell-off of its Irish dairy business. 

Grupo LALA posts solid Q4 results with plans to invest in US and Central America for 2017

Mexico-based Grupo LALA registered a 14.6% sales increase for the fourth quarter of 2016 posting $720m (14.5bn pesos), up from $620m (12.5bn pesos) for the same period last year. 

Vitasoy and URC form plant-based beverage JV

Hong Kong’s Vitasoy Group (Vitasoy) and Universal Robina Corporation (URC) in the Philippines have established a joint venture to explore the potential of plant-based sustainable beverages in the Philippines.

The Dairy Aisle: La Colombe’s clever strategy to stand out in the crowded cold coffee category

Around 80% of La Colombe’s Draft Latte product is milk, so why not place it in the dairy section? That’s what ran through the mind of EVP of sales Kyle...

Lowered demand for milk hurts Dean Foods’ Q4, but focus on ice cream melts away fears for 2017

Dean Foods saw an 0.8% decline in fluid milk volume sales during Q4 and a 2.1% decrease for the full-year 2016, mirroring a similar trend reported by the USDA, which...

News in brief

Savencia announces drop in sales for 2016

French dairy company Savencia has announced net sales of €4.42bn ($4.69bn) for 2016, which the company says is a 0.5% decline compared to 2015.

No issues for Danone Chile takeover

Chile’s Fiscalia Nacional Economica (FNE), the country’s competition authority, has said that a takeover of Danone Chile by Watt’s can go ahead.

‘Chewy’ ice cream from Lezzetli stretches Americans’ imaginations and palates

Typically considered smooth and creamy, the idea for most Americans that ice cream also could be chewy might seem like a stretch – and it is. Literally. 

Transitioning: Danone profits soar by 34% as firm outlines €1bn cost-cutting

A 34% rise in net profits for French dairy and nutrition giant Danone was backed up by the announcement of a €1 billion efficiency program as the firm continues its...

Food Union Group receives $225m investment

Latvia-based Food Union Group, an international group of dairy and ice cream producing companies in Northern Europe, has received a combined $225m investment from Asian private equity firm PAG, and...

Thailand drives Fraser & Neave growth but profits fall

Singapore-based Fraser and Neave Limited (F&N) recorded revenue of SGD$495m ($349m) for the first quarter ending December 31, 2016.

Prairie Farms embarks on $8.7m plant expansion to broaden dairy production

Prairie Farms Dairy has announced that its $8.7m 22,500-square-foot expansion investment at its Fort Wayne, Indiana, facility is under way, with construction beginning in April 2017 and taking an estimated...

Mead Johnson Nutrition agrees Reckitt Benckiser takeover

Reckitt Benckiser Group plc (RB) has signed a merger agreement with Mead Johnson Nutrition Company (Mead Johnson) under which Mead Johnson shareholders will receive $90 in cash for each share...

News in brief

Elite Agro takes over Marmum Dairy in UAE

Dubai Investments PJSC has announced that its wholly-owned subsidiary Dubai Investments Industries has divested its 100% stake in Marmum Dairy Farm and its distribution unit United Sales Partners (USP) LLC...

Coca-Cola’s fairlife launches ‘Superkids’ milk

Coca-Cola’s ultra-filtered premium milk fairlife has launched a children’s ‘Superkids’ variety, available in white milk and chocolate milk. 

Danone relocating US headquarters

Danone North America confirmed that it will move its headquarters from Greenburgh to White Plains, New York, remaining in the same county of Westchester.

Americas division helps Emmi sales

Swiss dairy company Emmi increased group sales by 1.4% to CHF 3.26bn ($3.26bn) in 2016, however, excluding currency and acquisition effects, this equates to a decline of 1.0%.

Saputo posts increased Q3 sales, slightly offset by decline in US dairy sector revenue

Canadian dairy processor and producer, Saputo Inc., posted increased quarterly profits helped by a boost in international prices for dairy products. 

Reckitt Benckiser in $16.7bn takeover bid for Mead Johnson Nutrition

Reckitt Benckiser Group plc (RB) has confirmed it is in ‘advanced negotiations’ to acquire all Mead Johnson Nutrition shares for $90 each in cash, valuing Mead Johnson’s entire share capital...

News in brief

Brazil presents new market for Fonterra mozzarella

New Zealand dairy giant Fonterra has moved into the mozzarella market in Brazil with its extra stretch Individual Quick Frozen (IQF) mozzarella.

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