Breaking News on Dairy Processing & Markets

Trends > Consolidation

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.

Emmi eyes improved sheep, goat product market position through deal

Dairy processor Emmi has acquired a 70% stake in the goat’s and sheep’s milk products trader AVH Dairy Trade BV – a move it hopes will strengthen its position in...

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.

Acquisition takes us closer to production goal, says Dunapack

Dunapack Packaging has acquired a Turkish paper and packaging company in its bid to double production to 2bn m2 (1m tonnes) by 2020.

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.

Nestlé completes Pfizer Nutrition acquisition after ‘majority’ approval

Nestlé has completed its $11.85bn (€9bn) acquisition of Pfizer Nutrition after the deal was approved by the “majority of markets involved.”

News in brief

Billerud merger gets EU approval

Paper-based packaging producer Billerud has had its merger deal with Kinnevik approved by the EU Commission after the parties agreed to certain conditions.

Alfa Laval targets America and Asia as acquisition opportunities

Alfa Laval has targeted the US, China and Korea as part of its three-dimension plan outlining acquisitions.

Mexican officials block Nestlé’s Pfizer Nutrition acquisition

Nestlé’s $11.85bn (€9bn) acquisition of Pfizer Nutrition has been blocked by Mexican competition officials over concerns that the deal could lead to price increases.

News in brief

CCC makes second acquisition in space of two months

Consolidated Container Company (CCC) has acquired all assets of Madras Packaging, marking the second acquisition since its takeover by Bain Capital this year.

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.

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....

News in brief

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...

Breaking news

Dean Foods seeks buyer for Morningstar

Dallas-based dairy giant Dean Foods is inviting potential buyers to cast a slide rule over its Morningstar warehouse delivery business - the smallest of its three divisions - as it...

Fonterra cleared to acquire NZDL processing assets

Dairy exporter Fonterra has been cleared to acquire the processing assets of New Zealand Dairies Limited’s (NZDL) by the New Zealand Commerce Commission.

Glanbia signs Dairy Ingredients Ireland JV agreement

Irish dairy giant Glanbia has signed a Memorandum of Understanding with Glanbia Co-operative Society Limited to enter into a joint venture in respect of its Dairy Ingredients Ireland (DII) business.

Pro Mach acquisition drives move into liquid filler market

Pro Mach has acquired Federal Manufacturing for an undisclosed amount to enter the liquid filler market.

JV processing plant given go-ahead despite continuing talks - Glanbia

Irish dairy giant Glanbia has been granted permission to build a new processing plant – a development planned in anticipation of its potential joint venture with Glanbia Co-operative Society Limited.

China Modern Dairy denies Mengniu takeover talks

China Modern Dairy Holdings - China’s largest milk producer - has denied any knowledge of talks designed to discuss its takeover by Mengniu.

Sealed Air takeover birthed dairy ‘farm to fork’ hygiene concept - Diversey

Sealed Air’s 2011 acquisition of cleaning, sanitation and hygiene solutions provider Diversey has birthed a unique concept in the dairy industry – hygiene solutions from ‘farm to fork’.

Phantom bidder calls for investigation into proposed Fonterra acquisition

The New Zealand Commerce Commission has been urged to investigate the proposed sale of New Zealand Dairies Limited’s (NZDL) processing assets to Fonterra, after an unsuccessful bidder claimed to have...

News in brief

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.

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