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Private equity hot on food

Cash, cash, cash. Castigated as simple asset-strippers out to make a quick buck, the entrance of private equity onto the food industry stage has participants chattering in the wings.

Arla flags up Middle East dairy potential

Arla's switch of production from the EU to Saudi Arabia will save the firm money and help it to benefit from the Middle East's significant potential for high value diary...

More pressure for processors, Carrefour promises price cuts

France's Carrefour, the world's second largest retailer after Wal-Mart, has upped the stakes in the supermarket battle for market share by announcing further price cuts and overseas expansion arein the...

Nutritionals among few bright spots during Glanbia first half

Irish dairy group Glanbia will be wishing it made a bigger investment in nutritional ingredients sooner than it did, as it revealed a 13 per cent drop in half year...

Coke bottler signs functional milk rights

Coca-Cola's bottling arm has agreed a 10-year, exclusive distribution deal with functional milk drinks maker Bravo! Foods, offering Coke a new way to escape stagnant fizzy drinks sales.

Arla seals China milk powder deal

Arla Foods' factory re-jig paid off this week as the group signed a joint-venture deal with China's leading dairy firm to get its added value milk powder products into one...

Glanbia buyout sends Milk Link profits crashing

Milk Link's acquisition of Glanbia Foods has proved a mixed bag for the UK dairy cooperative over the last year - pushing up sales yet slamming profits into the red...

Cost pressures force Arla staff cuts

Dairy group Arla Foods, under pressure from intense cost pressures, will cut staff and production at a speciality milk powder plant in Denmark to help salvage full-year profits.

Mopro Nord joins the whey ingredients wagon

Germany's two biggest dairy companies will pour funds into high margin whey ingredients, signing off €42 million for a plant extension.

Kraft dropped in dairy lawsuit

Against a backdrop of conflicting claims, a controversial pressure group has dropped Kraft from a lawsuit over misleading advertising after the firm agreed to update its consumer information.

Lifeway sales betray probiotics surge

If anyone doubted that the US probiotics market's star is rising, kefir-maker Lifeway Foods' latest results, positive in spite of milk price vagarities, should be enough to convince them.

Broad portfolio keeps Nestlé sales afloat

Nestle, the world's largest food company, depended on its pet business, beverages and ice creams to keep overall sales growth humming at 5.2 per cent during the first half of...

French food prices fall further

Food prices are taking a battering in France, as figures released today confirm a price deflation trend at the retail level.

Arla UK warns more costs will hit margins

Arla UK, one of the country's biggest milk processors, has warned that 2005 profits will be hit by intense cost pressures, highlighting the crucial role of value-added dairy development to...

San Miguel feels pressure of raw material costs

San Miguel, the biggest food and drink company in the Philippines, reported a 4 per cent drop in first half profits yesterday, after higher raw material and packaging costs eroded...

Parmalat sues banks in bid to recoup billions

Parmalat has sued banks JPMorgan Chase and Unicredito Italiano for €4.4 billion for their roles in the sale of Parmalat bonds issued from 1997 through 2001.

EU subsidy cuts hurt Arla's butter exports

Dairy producer Arla Foods, which supplies butter to a number of bakeries, has sent out one of the first signals that the dairy sector is hurting from a reduction in...

Coke bottler explores functional milk deal

Coca-Cola, hit by a slow-down in fizzy drinks sales, may be looking to expand into vitamin-enriched milk after the firm's bottling arm announces talks to buy control of Bravo! Foods.

Parmalat probe leads to more arrests

Italian police have arrested former Bank of America executive Luca Sala as part of a probe into food group Parmalat's spectacular collapse.

Water charge batters Danone profits

Another write-down charge hits French firm Danone, taking the gloss off a rise in dairy and beverage sales, as rumours of a take-over bid by PepsiCo subside, reports Chris Mercer.

Rumors of PepsiCo's bid for Danone gain substance

US-based PepsiCo has engaged investment banks Morgan Stanley and UBS to advise on a possible takeover of Danone, the French bottled water, yoghurt and biscuits group, according to a report...

Irish dairy farmers get IT wake-up call

The latest IT systems on offer to help dairy farmers have been displayed at a major farming event in Ireland amid concerns that Irish dairy farmers are not making full...

Campina merger targets branded dairy trend

Campina will merge its European dairy businesses to insulate against retailer pressure and take advantage of growing consumer demand for branded, added value dairy products, reports Chris Mercer.

Cargill drives into whey derivatives market through Brazilian buy

Signing yet another deal to feed its seemingly insatiable appetite for acquisitions, US ingredients firm Cargill makes a drive into the whey derivatives market, reports Lindsey Partos.

Butterfat consolidation through Glanbia and Corman link up

Ireland's leading butterfat supplier Glanbia has signed a joint venture agreement with Belgian group Corman, to make and market dairy spreads and butterfat products.

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