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Fonterra welcomes NZ Dairy Industry Restructuring Act amendment

New Zealand's parliament has voted in favour of an amendment to the Dairy Industry Restructuring Act (DIRA) – effectively giving Fonterra’s Trading Among Farmers (TAF) scheme the go-ahead

Arla and Robert Wiseman plants targeted by milk farmer price protests

Hundreds of British milk farmers picketed outside Arla and Robert Wiseman Dairy plants last night, protesting over plans to cut the price paid to suppliers for raw milk.

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Land O’Lakes gets green light for dairy desserts acquisition

The US Federal Trade Commission has cleared Land O’Lakes' acquisition of chilled dairy desserts manufacturer Kozy Shack.

Fonterra slides to fourth in world dairy rankings as Lactalis closes in on Danone

Fonterra has slid to fourth in the world dairy rankings, after being pipped to third place by French dairy group Lactalis, Rabobank has reported.

Dairy Crest in line to meet full year expectations after strong start - analysts

Dairy Crest is in line to meet is full year expectations, after increased sales and a fall in price paid for fuel and plastic helped drive the firm’s return to...

News in brief

Coca-Cola owned juice firm given Mexican dairy acquisition approval

Mexican competition authorities have given the go ahead for Coca-Cola-owned juice maker, Jugos del Valle, to acquire Mexican dairy firm, Santa Clara.

Land O’Lakes enters Kozy Shack chilled dairy desserts acquisition agreement

US dairy giant Land O’Lakes has entered into an agreement to acquire US-based chilled dairy desserts manufacturer Kozy Shack Enterprises.

Irish Dairy Board boosts UK ingredients position through acquisition

The Irish Dairy Board (IDB) has acquired UK-based cheese ingredients firm The Cheese Warehouse - strengthening its position in the country’s ingredients sector.

Parmalat to close three plants in milk efficiency effort

Italian dairy giant Parmalat has announced plans to close three plants in the country in an effort to improve its efficiency and compete with low-priced private label milk.

Louis Dreyfus Commodities to buy Dutch dairy trader Ecoval

Global trader Louis Dreyfus Commodities (LDC) has agreed to buy Dutch trading firm Ecoval Holdings BV in an effort to tap into emerging market demand for dairy products and ingredients.

News in brief

Nestlé Australia to sell Peters Ice Cream business

Nestlé Australia has entered into an agreement with Pacific Equity Partners (PEP) to sell its Peters Ice Cream business for an undisclosed sum.

Dairy Crest St Hubert sale to private equity player will 'transform' balance sheet - City

Dairy Crest announced today that it has received a binding €430m offer from Paris-based Montagu Private Equity for the entire share capital of its St Hubert spreads business, a deal welcomed by...

Danone set to acquire majority share in Moroccan dairy giant

French dairy giant Danone has entered into an agreement that, if completed, will see it become the majority shareholder in Morocco’s leading dairy product firm.

Glanbia breaks spin-off silence with new JV blueprint

Glanbia hinted yesterday that it is close to spinning-off its Irish dairy ingredients business, but said no deal would be sealed between management and its major cooperative shareholder before August.

News in brief

Arla board approves British and German dairy mergers

Arla Food’s proposed mergers with UK-based co-operative Milk Link and German dairy firm Milch-Union Hocheifel (MUH) have been approved by its board of representatives.

News in brief

Mitsubishi claims new dairy stake will help it hit Japanese markets

Japanese giant Mitsubishi says it new agreement to acquire a controlling 24% stake in Australia-based Tasmanian Dairy Products will help it expand its dairy manufacturing business and serve the Japanese market.

BREAKING NEWS

Arla Foods supply deal secures Chinese product pipeline for infant formula firm

Arla Foods has signed a financing and supply agreement with signficant pediatric nutrition and baby care product producer Biostime International Holdings to supply the Hong Kong-listed company with infant formula. ...

First Milk posts profits increase on back of Wiseman Dairies sale

Despite a “tough” year, UK dairy cooperative First Milk has posted pre-tax earnings of more than £13m – a figure significantly boosted by the sale of its shareholding in Robert...

Danone issues profit warning over Spanish dairy consumption collapse

French dairy giant Danone has issued a profit warning for 2012 – reducing its operating margin target to account for the collapse of dairy product consumption in Spain and other...

Müller UK agrees to acquire Greencore Minsterley chilled desserts facility in £4m deal

Müller UK has reached an agreement with Greencore to acquire its Minsterley chilled desserts production facility in a deal worth £4.3m, plus stock.

Fonterra boosts dairy powder power with takeover swoop

Fonterra has signed a conditional agreement to acquire the milk processing assets of South Canterbury-based New Zealand Dairies (NZDL), and said the dairy site would boost its export capacity, where...

Private equity in pole position to acquire Dairy Crest spreads business - analysts

Dairy Crest's French branded spread business, St Hubert, is attracting a host of potential buyers, according to industry analysts - with private equity firms looking like favourites to complete an acquisition in excess...

California raw milk producers deserve whey more from processor pricing - campaign

California-based dairy producers have called for an increase in the price paid to them for raw milk by cheese processors, in an effort to collect a greater share of the market value...

Saputo opposes raw milk price increase after ‘negatively impacted’ FY 2012 results

Dairy giant Saputo has called on authorities in California not to increase the price paid by processor for raw milk in the state, after posting results “negatively impacted” by a...

Dean Foods forecasts dairy segment growth as raw milk price stabilises

Dean Foods is projecting double digit operating income growth in 2012 for its fresh dairy segment as raw milk commodity pricing becomes more “stable.”

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