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News in brief

Mengniu clarifies that China Modern Dairy acquisition talks not in progress

Chinese dairy Mengniu has further extinguished rumours that it is in talks to acquire milk supplier China Modern Dairy in a clarifying statement filed with the Stock Exchange of Hong...

Müller Dairy UK reveals £17m butter processing investment

Müller Dairy UK has announced plans to invest £17m ($27.3m) in a new butter manufacturing plant at its existing Market Drayton site – marking its entry into the British butter...

‘We need to address the issue of colours’, says Chr. Hansen CEO

Danish ingredients company Chr. Hansen has reported increased profit and revenue in the first quarter, although lower carmine prices and volumes continued to hit its natural colours division.

Arla intends to build on Mengniu interest, not invest elsewhere in China

Arla Foods has no plans to acquire, merge or partner with any other Chinese dairy industry players under its recently-unveiled five-year strategy, a spokesperson for the Denmark-based co-operative has revealed.

Mengniu and China Modern Dairy deny acquisition talks…..again

Chinese dairy giant Mengniu has denied that it is in talks to acquire farming company China Modern Dairy, after reports emerged that discussions regarding a deal were on-going.

Chobani’s Canadian launch on hold as external ‘circumstances’ delay plant build

Greek yogurt giant Chobani has been forced to postpone its nationwide launch plans in Canada after external “circumstances” led to a delay in its plans to build a manufacturing facility in the...

EC backed project aims to recover Spanish dairy whey for functional formulations

A new initiative backed by the European Commission will encourage cheese making dairies in Spain to better utilise whey from cheese production as a value added ingredient.

Yakult brushes aside claims that poor management led to Yakult Argentina dissolution

Yakult has brushed aside claims by a number of former employees that its Argentinian business was dissolved as a result of poor management in recent years.

Chinese dairy Yashili announces New Zealand processing investment

Chinese dairy processor Yashili has announced plans to establish infant formula manufacturing operations in New Zealand – becoming the latest in a growing line of Chinese dairy processors to make...

News in brief

Former Milk Link CEO quits Arla Foods

Former Milk Link CEO Neil Kennedy has stepped down from his current position at Arla Foods.

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....

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