Danone, France's leading food manufacturer, is to double its stake
in China's Bright Dairy and Food to just under 10 per cent, a move
expected to herald a ramping up of Danone's investments in one of
Contributing the biggest revenue stream to Givaudan, the flavours
unit posted sales of CHF 1.6 billion (€1 billion) sales in 2004,
representing stagnant growth on a like-for-like basis in Swiss
New Zealand dairy co-operative Fonterra has upped its share price
offer for Australia's leading dairy company National Foods,
trumping a rival bid from San Miguel Corporation (SMC) and gaining
the unanimous backing of National...
Foreign investors last week snapped up a 15 per cent stake in
leading Vietnamese dairy company Vinamilk, enabling it to extend
its competitive edge over nearest rival Dutch Lady Vietnam and also
channel investment into expanding its...
A clear demonstration of its faith in the growing whey-based
ingredients market, DMV International will pour nearly €60 million
into upgraded processing and food ingredients operations in The
Netherlands, reports Lindsey Partos.
Campina, the ambitious owner of dairy ingredients supplier DMV
International, will buy Belgian milk fat specialist Aveve Zuivel,
in a deal that brings the Dutch firm a new platform for innovations
in butter oil specialities, and improved...
Committee members of Danish-Swedish dairy co-operative Arla Foods
have voiced concerns over a financial technicality which could
throw its approaching merger with Campina into disarray, Tom
Danone, the French dairy conglomerate, announced today that net
profits had plummeted 62 per cent, following the costly €600
million write down of its water-cooler business last month, Tom
Anglo-Dutch consumer giant Unilever is set to overhaul its
management structure - a move which it claims will help restore
top-line sales growth and allow it to draw a line under what it
called an "unsatisfactory" 2004 performance,...
Asian drinks conglomerate San Miguel has acquired a majority stake
in King's Creameries, a Singapore-registered ice cream producer -
but with new debt already financing its current expansion strategy
and a €1.07 billion bid to...
Fonterra, the New Zealand dairy co-operative, has extended its
share offer to buy Australian food group National Foods to 8 March
- despite National Foods' board urging its shareholders to back a
rival offer from Philippines-based...