Arla offloads cheese import arm
Arla Foods will further reduce its stake in the cheese
market with the announcement today of the sale of its Delimo
import arm to France-based Lactalis.
Frutarom snaps up Gewurzmuller in expansion drive
Frutarom today announced it had agreed to
acquire German-based Gewurzmuller Group for $67m (€47m), a
move to further expand the company's presence in the
global market for flavours and functional ingredients.
Chinese dairy demand drives Tetra Pak expansion
Tetra Pak has expanded its total packaging output in China to 40bn
containers following completion of a €100m plant in a bid
to meet the huge increases in demand for dairy products.
Beverage and dairy drive Givaudan's Euro sales
Givaudan has reported sales growth in its flavours division in Q3,
particularly in the European beverage and dairy segments, and in
UK dairy groups reveal milk merger talks
Two of the UK's leading farmer-owned dairy businesses have today
revealed that they are in advanced discussion over a merger of
Dairy difficulties hamper Dean Foods' profits
US group Dean Foods yesterday announced plans for an immediate cut
in its workforce, after higher costs for ingredients like milk
forced it to lower its full year earnings expectations.
Robert Wiseman Dairies manages to increase margins
Robert Wiseman Dairies has been able to juggle suppliers, pricing
and higher input costs in the first half of this year, while
increasing margins, according to a trading statement released
Healthy outlook for Dairy Crest's financial ambitions
Higher pricing and an increasing focus on healthier products
continues to ensure that Dairy Crest remains in line to achieve its
full year sales targets, the company announced today.
European processors feel raw milk cost pinch
The average price paid to European farmers for their milk is up 12
per cent on the previous year to €30.66 per 100kg, according to a
new market report.
Parmalat continues financial recovery
Revenues for Italian group Parmalat were up 2.8 per cent to €1.8bn
for the first fiscal half, on the back of continued expansion into
high value dairy production.
Glanbia edges into omega-3 market, acquires Pizzey's
International dairy and nutritional ingredients group Glanbia is
making its way into the North American omega-3 market with the
acquisition of the Canadian nutritionals business, Pizzey's
Restructuring pays off for Vivartia
Vivartia posted a 15.6 per cent increase in revenues to €517m, as
it continues to restructure its operations in South East Europe,
the company reported in on a pro-forma basis.
Exceptional dairy situation drives Friesland profits
Friesland Foods has reported a strong revenue and profit story for
the first half of 2007, largely thanks to higher prices commanded
by its milk powder and industrial ingredients in the face of demand
in excess of supply.
Dairy continues to drive Wimm-Bill-Dann profits
Half-year revenues were up by 40 per cent to $1.14bn (€838m) for
leading Russian dairy and beverage group Wimm-Bill-Dann as the
company continued to profit from its expansion into Eastern
Glanbia gains fuelled by US and nutritionals
Glanbia has reported a strong performance for the first half of
2007, largely thanks to its US food ingredients and global