All news articles for August 2019

Under Shenzhen Stock Exchange rules it is only possible to sell up to 1% every 90 days directly on the exchange, or up to 2% in a single block every 90 days. Pic: ©Getty Images/lzf

Fonterra trying to sell Beingmate shares

By Jim Cornall

New Zealand dairy cooperative Fonterra says it is going to sell a portion of its stake in Beingmate Baby & Child Food Company Ltd, which is currently a shareholding of 18.8%.

Alfa Laval OptiLobe rotary lobe pumps. Pic: Alfa Laval

Alfa Laval launches new Optilobe rotary lobe pumps

By Jim Cornall

Alfa Laval has launched OptiLobe rotary lobe pumps, which the company says are cost-effective, reliable and versatile alternatives for general applications requiring gentle product treatment and easy serviceability.

Dairy farmers called the picnic setting “casual, comfortable and efficient,” for fostering discussions. Pic: DBA

DBA ‘policy picnics’ bolster member engagement

By Beth Newhart

This summer, the Dairy Business Association (DBA) has hosted ‘policy picnics’ in collaboration with the Edge Dairy Farmer Cooperative. The member events brings together the dairy community during a time of economic stress.

Synlait has taken over management and operational control of Talbot Forest Cheese. Pic: Synlait

Synlait completes Talbot Forest Cheese acquisition

By Jim Cornall

Synlait has completed the acquisition of selected assets from fellow New Zealand company Talbot Forest Cheese. The acquisition includes the property, plant and equipment at the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese)....

Florida nitrogen ice cream chain to franchise nationally

By Beth Newhart

Chill-N Nitrogen Ice Cream this month launches its national franchise program to expand the brand beyond south Florida. It was one of the first nitrogen ice cream concept stores in the US when it opened in 2012.

Shareholder farmers in the former coop have received a cash payment of NZ$3.41 (US$2.24) per share, a 10-year guaranteed competitive milk payout, and guarantees all milk will be collected.

Done deal: Westland takeover by Yili completed

By Jim Cornall

China’s Yili Group has completed the purchase of all of the shares in New Zealand’s Westland Co-operative Dairy Company after final details of the sale were completed today.

The St. Albans board of directors will become part of DFA’s Northeast Area Council. Pic: Getty/Georgy Rozov / EyeEm

DFA closes merger with St. Albans Co-op

By Beth Newhart

The Dairy Farmers of America (DFA) started the process of merging with the St. Albans Cooperative Creamery in June; the deal closes this week.