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Chinese authorities approve Nestlé’s Pfizer Nutrition acquisition

Nestlé's $11.85bn (€9bn) acquisition of Pfizer Nutrition has been given the go-ahead by anti-trust authorities in China – taking the “strategic” takeover a step closer to completion.

Chinese farm agreement will complete dairy ‘hub’ - Fonterra

Fonterra has signed an investment agreement with Chinese authorities to develop two more large-scale dairy farms – the latest step in the firm’s strategy to build a sustainable fresh local...

Kerry reports strong growth despite tough trading conditions

Strong growth in Kerry Group’s ingredients and flavours division has helps to balance out slow-down in consumer goods, as revenues increased by nearly 11% to €4.4 billion.

a2 fresh milk manufacturer eyeing ‘attractive international markets’

A2 Corporation (A2C) – the manufacturer of a2 brand fresh milk – is eyeing a number of “attractive international markets” including North America and Europe as part of an effort to maximise...

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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.

Milk price talks cannot continue alongside farmer protests – Müller Wiseman

Milk price talks cannot take place against the continuing backdrop of militant dairy farmer protests, UK dairy processor Müller Wiseman has claimed.

Unilever and FrieslandCampina expand sustainability partnership

Unilever and Dutch dairy giant FrieslandCampina have expanded their existing sustainability partnership with a pledge to co-operate on development and innovation while promoting sustainable production, packaging, and logistics.

Sealed Air sells Diversey Japan for $377m

Sealed Air has sold Diversey Japan to The Carlyle Group for ¥30bn (US$377m) to focus on higher growth markets.

Probiotic, vitamin-enriched milk is ‘affordable health’ – manufacturer

A Northern Ireland-based dairy processor has rolled out its new ‘Super Healthy Milk’ – Europe’s first and only probiotic and vitamin K2-enriched fresh milk.

Fonterra launches NZ$500m investment opportunity for non-farmers

Fonterra has launched a fund worth at least NZ$500m ($420m) on the New Zealand and Australian stock markets – offering non-farmers the opportunity to invest in Fonterra for the first...

Parmalat confident as LAG acquisition hearing begins

Parmalat has voiced confidence that “nothing wrong was done” in relation to its May 2012 intra-group acquisition of Lactalis American Group (LAG) – just hours after court proceedings surrounding the deal began...

Royal DSM to acquire Cargill’s enzymes and cultures business

Royal DSM has said it will acquire Cargill’s enzymes and cultures business in an all-cash deal worth €85m.

News in brief

Glanbia signs Ingredients Ireland JV contracts

Glanbia is a step closer to completing its Glanbia Ingredients Ireland (GII) joint venture with majority shareholder Glanbia Co-operative Society Ltd.

Milk quota penalties could impact supply - EDA

European Commission (EC)-issued milk quota penalties could impact the production of milk and leave dairy processors short, according to the European Dairy Association (EDA).

EU dairy sector hit with milk quota penalties

Dairy farmers in six European Union (EU) Member States have been hit with ‘superlevy’ penalties totaling more than €78m for exceeding their milk quotas in the 2011/12 season.

Danone must cut prices to compete with private label brands – analyst

Danone must cut the prices of its branded dairy products significantly in parts of Europe to compete with lower-price private label brands, French banking giant Societe Generale has claimed.

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Cathedral City cheddar brand valued at £250m

Cathedral City cheddar cheese brand has been valued at £250m – a first for any UK brand in the pre-packed cheese category, owner Dairy Crest has claimed.

Emerging markets continue to drive Nestlé sales

Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.

Danone reconfirms targets after ‘solid’ baby nutrition and water sales

Danone has reconfirmed its full year targets after recording “solid growth” in its Baby Nutrition and Waters business segments in the third quarter of 2012.

News in brief

Arla Milk Link increases milk price to 27.5ppl

Arla Foods has announced that the Arla Milk Link milk price will increase by 0.5 pence per litre (ppl) from 1 November 2012.

FAGE Dairy announces Greek exit as financial crisis deepens

Greek dairy giant FAGE has announced that it is transferring its headquarters from Athens to Luxembourg – a move that some consider an attempt to reduce its exposure to the...

Parmalat denies wrong-doing as prosecutors open file on LAG acquisition

Italian prosecutors have opened an investigation into the legality of Parmalat’s May 2012 $904m intra-group acquisition of Lactalis America Group (LAG).

Parmalat tight-lipped on shareholder criticism of LAG acquisition

Italian dairy giant Parmalat is remaining tight lipped following reports that its $904m intra-group acquisition of Lacatalis America Group (LAG) was met with criticism from shareholders.

Arla Foods unlikely to pursue more dairy consolidation – M&A expert

Arla Foods has “plenty on its plate” and is unlikely to pursue further European dairy industry consolidation in the near future, a food sector mergers and acquisitions expert has claimed....

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Milk Link’s drink business must go as Commission approves Arla merger

Arla Foods has been granted approval by the European Commission to merge with Milk Link, but must sell a UK milk drinks business acquired through the deal to facilitate the...

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