Manufacturers

The sale will take place retroactively to June 30, 2019.

news in brief

Sale of Hochdorf South Africa Ltd

By Jim Cornall

As part of its focusing strategy, Swiss food company Hochdorf Holding Ltd has sold its 90% stake in Hochdorf South Africa Ltd to African Chocolate Café Ltd, as announced on July 8, 2019.

The proposed acquisition would combine processing plants of the second and third biggest buyers of raw milk in Tasmania.

ACCC expresses concerns over Saputo cheese business acquisition

By Jim Cornall

The Australian Competition and Consumer Commission (ACCC) said it has preliminary competition concerns about Canadian dairy company Saputo’s proposed acquisition of the Tasmanian-based cheese business of competitor Lion Dairy & Drinks.

Under Shenzhen Stock Exchange rules it is only possible to sell up to 1% every 90 days directly on the exchange, or up to 2% in a single block every 90 days. Pic: ©Getty Images/lzf

Fonterra trying to sell Beingmate shares

By Jim Cornall

New Zealand dairy cooperative Fonterra says it is going to sell a portion of its stake in Beingmate Baby & Child Food Company Ltd, which is currently a shareholding of 18.8%.

Dairy farmers called the picnic setting “casual, comfortable and efficient,” for fostering discussions. Pic: DBA

DBA ‘policy picnics’ bolster member engagement

By Beth Newhart

This summer, the Dairy Business Association (DBA) has hosted ‘policy picnics’ in collaboration with the Edge Dairy Farmer Cooperative. The member events brings together the dairy community during a time of economic stress.

Synlait has taken over management and operational control of Talbot Forest Cheese. Pic: Synlait

Synlait completes Talbot Forest Cheese acquisition

By Jim Cornall

Synlait has completed the acquisition of selected assets from fellow New Zealand company Talbot Forest Cheese. The acquisition includes the property, plant and equipment at the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese)....

Florida nitrogen ice cream chain to franchise nationally

By Beth Newhart

Chill-N Nitrogen Ice Cream this month launches its national franchise program to expand the brand beyond south Florida. It was one of the first nitrogen ice cream concept stores in the US when it opened in 2012.

Shareholder farmers in the former coop have received a cash payment of NZ$3.41 (US$2.24) per share, a 10-year guaranteed competitive milk payout, and guarantees all milk will be collected.

Done deal: Westland takeover by Yili completed

By Jim Cornall

China’s Yili Group has completed the purchase of all of the shares in New Zealand’s Westland Co-operative Dairy Company after final details of the sale were completed today.

The St. Albans board of directors will become part of DFA’s Northeast Area Council. Pic: Getty/Georgy Rozov / EyeEm

DFA closes merger with St. Albans Co-op

By Beth Newhart

The Dairy Farmers of America (DFA) started the process of merging with the St. Albans Cooperative Creamery in June; the deal closes this week.

“The details we announced today ensure farmers will not stand alone in facing unjustified retaliatory tariffs.

USDA releases new farm aid details

By Beth Newhart

A $16bn aid package for US farmers was first announced in May. Last week Secretary Sonny Perdue gave more details about how and when the funding will be divided up.