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Arla Foods reveals five-year growth markets focus

Arla Foods intends to increase its focus on growth markets such as Russia, China, the Middle East and Africa over the next five years, in a strategic move away from...

Nestlé quiet on Pfizer Nutrition-driven Latin American assets sale rumour

Nestlé has refused to comment on reports that it is working with financial advisory group Rothschild to sell more than $1bn of Latin American assets in an effort to win...

Dean Foods clears $1bn long-term debt through Morningstar sale

The sale of Morningstar to Canadian dairy giant Saputo has enabled Dean Foods to reduce its long-term debt by almost a third, according to the Dallas-based dairy giant.

FrieslandCampina eyes speciality cheese growth through Dutch acquisition

FrieslandCampina has entered into an agreement MYWO Food Group to acquire Dutch speciality cheese manufacturer Zijerveld and its packaging business unit, Den Hollander Food.

Dairy Crest processing plant to close under restructuring plans

Dairy Crest has called time on production at its Fenstanton, Cambridgeshire plant – the latest in a long line of efficiency-driven restructuring efforts by the British dairy processor.

US dairy co-operatives slam Congress ‘dairy cliff’ deal

Dairy Farmers of America (DFA) and Land O’Lakes have slammed Congress’ recent decision to extend the government’s current milk-buying programme.

FrieslandCampina to close Hungarian plant

FrieslandCampina has said it intends to restructure its operations in Hungary, with the closure of its Debrecen plant and possible job losses.

Saputo completes $1.45bn Morningstar acquisition

Saputo has completed its $1.45bn acquisition of Dean Foods’ Morningstar dairy division – a move the Canadian dairy giant hopes will help to expand its US manufacturing and distribution footprint.

BWAY Corporation on track for further growth

BWAY Corporation, which acquired Ropak Packaging for $265m last month, has reported positive full-year results and targeted further growth through acquisitions and in-house initiatives.

US Congress backs deal to avert ‘dairy cliff’

US Congress has cleared a bill that will extend the government’s current milk-buying programme - effectively preventing a steep increase in the price of dairy products.

General Mills: ‘We expect to earn our fair share of the Greek yogurt segment over time’

General Mills has been making up lost ground in the fast-growing US Greek yogurt market, increasing its market share to 9% compared with less than 6% in early summer.

FrieslandCampina enters into cheese distribution JV with Bongrain

Royal FrieslandCampina has entered into a joint venture with Bongrain in an effort to boost its presence in the French cheese retail market.

Yili to invest in NZ infant formula processing

Chinese dairy giant Yili has announced plans to invest CNY 1.1bn ($176m) in the development of a New Zealand-based infant formula manufacturing plant.

News in brief

Yakult plans to ‘dissolve’ Argentina business

Yakult has announced that it intends to completely dismantle its Argentinian business, citing the problems encountered establishing a “sufficient business foundation” in the country.

News in brief

Fonterra chairman praises farmer decisions in final speech

Fonterra chairman Sir Henry van der Heyden praised the decisions of the co-operative’s farmer shareholders over the last decade, in this last chairman’s address at Fonterra Annual Meeting yesterday....

Parmalat play waiting game as Italian police conduct LAG 'embezzlement' probe

Parmalat has been given “no indication” of the timescale of the Guardia della Finanza – the Italian Tax Police – investigation into Parmalat’s May 2012 acquisition of Lactalis American Group (LAG)....

Danone plans cost reductions to regain European 'competitive edge'

French dairy giant Danone is preparing a two-year cost reduction plan designed to help regain its "competitive edge" in Europe.

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...

WhiteWave CEO: The cost advantage of plant-based food and beverages over dairy will continue to grow

The economics of supplying plant-based foods and beverages over dairy will become increasingly compelling “because the cow is a relatively inefficient converter of grain into protein”, says the chief executive...

FrieslandCampina to cut German workforce in efficiency drive

FrieslandCampina plans to cuts its German workforce by more than 15% in an effort to increase its competitiveness in the country's supermarket-dominated “difficult” dairy market.

Dairy Crest Dairies restructuring efforts ‘overlooked’ – Panmure Gordon

The “scale and scope” Dairy Crest’s current efforts to restructure its lagging Dairies and Spreads businesses has been “overlooked”, according to stock brokerage Panmure Gordon.

News in brief

Fonterra increases 2012/13 pay-out forecast

Fonterra has announced a revised pay-out forecast range for the 2012/13 season of NZ$5.50 per kilogram of milk solids – an increase of 25 cents on the previous forecast.

DSM completes €85m acquisition of Cargill's cultures and enzymes business

DSM has successfully completed its €85m acquisition of Cargill’s cultures and enzymes business – increasing its “critical mass” in the €1bn market for dairy industry cultures and enzymes.

News in brief

Yakult to build second Yongshe plant

Yakult Honsha’s love affair with Yonghe is set to continue with the announcement of a second plant to be built in the economic zone in Guangzhou Province, China. The factory,...

Coke makes first direct investment in US dairy brands

The Coca-Cola Company is partnering with US-based Select Milk Producers to invest in the Core Power high protein milk shake brand and create a complementary value-added nutritional dairy portfolio.

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