Breaking News on Dairy Processing & Markets

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News in brief

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.

News in brief

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.

BREAKING NEWS

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. ...

Fonterra boosts dairy powder power with takeover swoop

Fonterra has signed a conditional agreement to acquire the milk processing assets of South Canterbury-based New Zealand Dairies (NZDL), and said the dairy site would boost its export capacity, where...

FrieslandCampina enter acquisition agreement in latest growth strategy move

Dutch dairy giant Royal FrieslandCampina (FC) has entered into an agreement with the Irish Dairy Board to acquire its Belgium-based continental cheese packing segment IDB Belgium N.V.

Fonterra enter agreement to build Netherlands dairy ingredients plant

Dairy giant Fonterra has entered into a “mutually beneficial” agreement that will see it process dairy ingredients in the Netherlands for the first time.

Arla-Milk Link merger could signal Dairy Crest demise – M&A expert

Arla Food’s proposed merger with UK-based dairy cooperative Milk Link could signal the demise of Dairy Crest, a food sector mergers and acquisitions expert has claimed.

FrieslandCampina ‘regrets’ Balkan dairy acquisition collapse

Royal FreislandCampina (FC) has expressed “regret” following the end of talks surrounding the acquisitions of two Balkan-based dairy producers.

Parmalat set to re-enter US dairy market after ‘intragroup acquisition’

Parmalat has completed the “intragroup acquisition” of Lactalis American Group Inc. (LAG) – a move that will secure its entry into the US dairy market and strengthen its position in...

Arla Foods announces massive proposed merger with UK Milk Link

Dairy co-operative Arla Foods has announced a proposed merger with Milk Link – a move that will create the UK’s largest dairy industry player.

Yoplait agreement will ‘solidify’ Canadian yogurt industry position - Ultima Foods

Ultima Foods has signalled its intention to “solidify” its leadership of the Canadian dairy industry through a double edged agreement that will see it continue to produce Yoplait brand yogurt and launch...

Glanbia dismisses Dairy Ireland spin-off ‘speculation’

Demand for whey products underpinned a strong first quarter for Glanbia with analysts hailing an ‘encouraging start’ to the year, but the firm has dismissed talk that it plans to...

Nestlé invests in Morocco to boost milk production

Nestlé has announced a multi-million investment plan in Morocco to improve the quality of fresh milk and encourage the development of the dairy industry through the private sector.

Cermex expands palletizing ops with Newtec takeover, eyes liquid dairy growth

Cermex has announced the acquisition of a major part of fellow French end-of-line packaging firm Newtec Group as part of a strategy to strengthen its palletizing operations.

Kerry results boosted by recent acquisitions

Kerry Group’s 2011 acquisitions have performed well for the ingredients and flavours giant, boosting its Q1 results despite challenges in trading conditions.

UK dairy co-op buys sports nutrition firm in “added value” move

UK dairy co-operative First Milk has acquired leading UK sports nutrition player, CNP Professional, as it diversifies its operation out of the increasingly margin-pressured traditional  dairy sector.

Nestlé’s €9bn Pfizer buy may face anti-trust trouble

Nestlé’s $11.85bn (€9.02bn) acquisition of Pfizer Nutrition may run into anti-trust hurdles after it beat Danone to the drug giant’s global infant nutrition business, according to an analyst.

Lactalis touted as buyer for Dairy Crest spreads business

As UK dairy player, Dairy Crest, indicates it is ready to flog off its jewel in the crown - St Hubert - a food industry analyst reckons Groupe Lactalis is...

SPX and Smurfit Kappa hail significance of takeovers

Processing specialist SPX Corp and packaging player Smurfit Kappa both completed takeovers this week as they seek to expand their reach in Europe and South America respectively.

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