In India, Hindustan Unilever Limited (HUL) has announced it has signed an agreement with Vijaykant Dairy and Food Products Limited (VDFPL) and its group company to acquire its ice cream and frozen desserts business consisting of its brand Adityaa Milk.
Dairy price recovery in 2017 has positively affected the combined turnover of the top 20 companies, which, in 2017, was up 7.2% on the year in US dollar terms, according to RaboResearch’s latest report, ‘Global Dairy Top 20 – A Shuffling of the Deck Chairs.’
According to a report by Zenith Global, 2017 was another record year for food and drink industry transactions, with 727 registered in the bevblog.net mergers and acquisitions database, an average of almost 14 each week.
Ben & Jerry’s has agreed to implement the Milk with Dignity (MD) Program, a multi-year plan created by Migrant Justice in 2014, which aims to improve working conditions of dairy farm workers who supply the milk for the ice cream manufacturer.
Unilever-owned Ben & Jerry’s has said that its ice cream products are safe to consume after independent lab testing by the Organic Consumers Association (OCA) found that certain ice cream samples tested positive for glyphosate.