Friesland Foods and Campina revealed today that exploratory talks
are underway to merge into a global dairy giant - and
Campina CEO Justin Sanders is standing down "to give the
talks more chance for success".
The European Bank for Reconstruction and Development (EBRD) is
looking to tap growing potential in the Ukrainian dairy sector with
a planned acquisition of a 17.5 per cent stake in one of the
country's largest processing plants.
Russian group Wimm-Bill-Dann posted a 40.4 per cent increase in
sales to $1.75bn (€1.2bn) during the nine months of its current
financial year, on the back of a strong performance from both its
dairy and infant nutrition brands.
Dairy group Emmi says it remains in line to achieve its full-year
objectives despite falling short of earnings targets and expects
greater stability in both milk prices and it owns operations in the
New Zealand farmers continue to step up milk production following a
bumper year for their exports, though the country's long-term
status as a low cost dairy producer could be under threat,
according to the US Department of Agriculture...
European dairy giants Nestle and Vivartia are among a number of
companies facing fines imposed by the Greek competition authority
for allegedly fixing dairy prices in the country, press reports
Nutritek, a leading Russia-based manufacturer of infant nutrition
products, is selling off its dairy and agro business operations in
the country to focus on functional baby food production in Asia and
Danone was the world's leading producer of dairy products in 2006,
accounting for 5.1 per cent of total global sales, narrowly ahead
of multinational rivals Nestle and Kraft Foods, says market analyst