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Trends > Consolidation

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.

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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....

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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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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...

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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.

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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.

Processing acquisition will boost raw milk competition, not reduce it – Fonterra

Dairy exporter Fonterra has claimed that its proposed acquisition of New Zealand Dairies’ (NZDL) Studholme processing plant will boost competition for raw milk on the country’s South Island, rather than...

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.

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.

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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.

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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. ...