Italian dairy giant Parmalat has drafted in a team of independent experts for the second time to assess “the overall process” followed by its board in regard to the acquisition of Lactalis American Group (LAG).
The civil investigation into Parmalat’s May 2012 $904m intra-group acquisition of Lactalis American Group (LAG) has appointed a special commissioner to oversee an audit calculating a final price for the disputed deal.
Parmalat has moved to dispel concerns about the legality of its intra-group acquisition of Lactalis American Group (LAG) by revealing better than expected financial results that “confirm the profitability” of the business.
Parmalat is confident of a positive outcome in the civil hearing into its acquisition of Lactalis American Group (LAG) – despite yesterday’s request by prosecutors to remove the company’s board to enable the annulment of the deal.
The Italian headquarters of Parmalat and its owner, French dairy giant Lactalis, have been searched by Italian police as part of an investigation into Parmalat’s May 2012 intra-group acquisition of Lactalis American Group (LAG).
Groupe Lactalis’ bid to take over Sweden’s second largest dairy player fits with the French firm’s strategy of reducing its reliance on cheese, and would give it further brands with which to pursue milk product growth in emerging markets, according to...
The Spanish subsidiary of French dairy giant Lactalis has paid €8.28m for 29.9 per cent of the ingredients research division of Spanish dairy group Ebro Foods, which produces the omega-3 forms for Ebro Puleva’s successful €100m+ selling omega-3 milk.
French dairy giant Groupe Lactalis has signalled its commitment to maintaining Rachel’s brand and production in mid-Wales, according to Calon Wen, the co-operative that supplies all of the organic yogurt maker’s milk.
France’s Lactalis Nutrition Sante is the latest company to use Martek’s ARA in infant formula and milk for young children, after signing a multi-year single-source agreement with the micro-algae specialist.
In this weeks round-up, some of France's leading dairy group's
continue to rack up their prices amidst increasing dairy costs, the
EU stands up for Staffordshire and cheese may be the new rock and
In this week's industry round up, there is acquisition fever afoot
as a number of dairy group's aim to expand globally into emerging
markets, and the environmental danger of cow flatulence is played
down by a US consumer...
Safety and innovation were on the agenda this week, when the head
of French dairy group Lactalis met with the Croatian vice president
to discuss the company's plans for rejuvenating the country's dairy
Protestors who stole €2,000-worth of milk and cheese from a
Lactalis dairy factory and then handed out the products free in
local villages, said they would continue the fight against falling
milk prices, after escaping prison sentences...