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Trends > Consolidation

Warrnambool backs latest 'superior' Saputo takeover bid

Warrnambool Cheese and Butter (WCB) has again given its backing to the latest takeover bid by Canadian dairy giant Saputo, rejecting rival offer by Murray Goulburn and Bega Cheese.

Fonterra to acquire under-administration Tamar Valley Dairy yogurt assets

Fonterra has moved to strengthen its leading position in the Australian yogurt sector through the acquisition of Tasmanian firm, Tamar Valley Dairy, which went into administration earlier this year.

FrieslandCampina cuts 246 jobs in Netherlands

Dutch dairy giant FrieslandCampina will cut 246 jobs when it closes two plants in Eindhoven and Woerden, Netherlands.

Murray Goulburn proposes $405m takeover of Warrnambool

Murray Goulburn has challenged Canadian giant Saputo’s attempted acquisition of Warrnambool Cheese and Butter (WCB) with an offer that, if accepted, would create one of the largest Australian food and...

Mengniu set to acquire majority stake in Chinese infant formula manufacturer Yashili

Mengniu has launched a general offer to acquire all outstanding shares of Hong Kong-based infant formula manufacturer Yashili International Holdings – the latest move by the company's to increase its...

Nestlé agrees to licence out Pfizer infant nutrition brands in Australia, Southern Africa

Pharmaceuticals supplier, Aspen, has entered into an agreement with Nestlé to acquire the licences to sell the firm’s recently-purchased Pfizer infant nutrition brand portfolio in Australia and several Southern African...

Nestlé to sell-off Mexican Pfizer infant formula business in anti-trust deal

Mexican anti-trust officials have approved Nestlé’s $11.85bn (€9bn) acquisition of Pfizer Nutrition on the condition that the Swiss firm sells off the acquired infant formula business to an independent third...

FrieslandCampina cheese and packing acquisition granted ‘conditional’ EC approval

FrieslandCampina has been given the go-ahead to complete its acquisition of Dutch specialist cheese manufacturer, Zijerveld, and its packing business - but only under conditions designed to ensure competition in...

Dairy Crest acquires struggling Proper Welsh Milk from administrator

British dairy processor Dairy Crest has acquired Proper Welsh Milk for £325,000 ($490,000) – just hours after the struggling Carmarthenshire-based dairy processor went into administration.

Parmalat 'shocked' by prosecutors call to cancel LAG acquisition

Italian prosecutors have asked for Parmalat’s $904m acquisition of Lactalis American Group (LAG) to be cancelled and the Parma-based dairy giant’s board to be removed, according to reports.

Nestlé facing Pfizer Nutrition re-brand under South African approval

The South African Competition Tribunal has approved Nestlé’s takeover of Pfizer Nutrition – but only under the condition that the acquired infant formula brands are licensed out and re-branded in...

SA anti-trust authority recommends Nestlé-Pfizer Nutrition deal

The South African Competition Commission has given its blessing to Nestlé’s $11.85bn global acquisition of Pfizer Nutrition – leaving it in the hands of the country’s Competition Tribunal to approve...

News in brief

Nestlé India to acquire 26% stake in local milk collector

Nestlé India has entered into an agreement to acquire a minority stake in milk collector Indocon Agro and Allied Activities Private Limited.

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.

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.

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.