Indian food processor Heritage Foods, involved in the business of
milk and milk products, is to set up four more milk procurement and
processing centres during the current fiscal year.
Italian energy company Edison and a consortium of sugar beet
producers said on Friday that they had, once again, agreed to
extend exclusive talks on the sale of Edison's 54 per cent stake in
French sugar company Beghin-Say, to...
Leading US flavour company International Flavors & Fragrances
(IFF) this week reported an increase in sales for the second
quarter 2002 with figures exceeding previously announced
expectations. In Europe strong fragrances sales...
Russian juice and yoghurt maker Wimm-Bill-Dann has announced the
acquisition of 75 per cent of Kharkovsky Dairy Plant in Ukraine for
$4.5 million (€4.55m).
Express Dairies went some way towards lightening its crushing debt
load yesterday, when it sold its UHT milk and Frome Creamery
businesses to Milk Link and announced a strategic alliance and
joint venture with the farmers' co-operative.
South African packaging group Astrapak says it has consolidated its
place as the country's second largest packaging group, after its
shareholders approved a R123 million (€12.3m) acquisition.
Anglo-Dutch food consumer product group Unilever said on Monday
that it is on target to meet second-quarter earnings estimates
despite the drag on overall revenue from poor ice cream sales in
Europe.
Swiss food group Nestlé this week announced that it has entered
into an agreement to combine Nestlé's US ice cream business with US
ice cream giant Dreyer's Grand Ice Cream.
French food giant Danone is believed to be interested in St Ivel,
the yoghurts division of the UK food group Uniq (formerly Unigate),
reports French financial paper Les Echos.
A number of recent acquisitions by Irish food ingredients, flavours
and consumer foods group Kerry will help the group post 2002
results in line with market expectations.
British company Volac International is forming a joint venture
company with Dutch group D.O.C Kaas. The new business will use
cutting edge technology to process whey for the health food and
animal feed ingredients markets.
Robertet, the French flavours and fragrances group, has seen a
sharp rise in its share price this year helped by renewed interest
in the sector due to a number of high profile transactions. The
company's chairman Philippe Maubert...
Meiji Dairies Corp has announced its group net profit fell 45.4 per
cent from the previous year to ¥2,093 million (€18.2mn) in the year
ended in March.
Japan's scandal-ridden Snow Brand Milk Productshas unveiled a
revival plan including financial aid and job cuts as it aims to
stay afloat after posting another record loss in the latest
business year.
Shares in Japan's scandal-ridden Snow Brand Milk Products Co soared
more than 11 per cent on Tuesday after investors saw signs of a
practical revival plan
UK milk processor Robert Wiseman Dairies has reported a decline in
pre-tax profit after losses and costs associated with
reorganisation and an inquiry by Britain's Office of Fair Trading.
Japanese dairy product maker Snow Brand Milk Products, which has
been at the centre of a number of scandals in recent months, said
it is negotiating with its main lenders on steps to strengthen its
financial standing.
Japanese Industrial gas producer Air Water Inc. has agreed to buy a
Hokkaido-based ham and sausage factory, currently part of the Snow
Brand Foods Co. The factory was embroiled in a beef-labelling
scandal that concerned one of its...
An attempt by a food ingredients billionaire to take over New
Zealand's second biggest dairy company could head into difficulties
if a farmers' collective wins the day, reports local New Zealand
paper The Evening Post.
A New Zealand entrepreneur, the main shareholder in Australian food
ingredients firm Burns Philp, announced a takeover bid on Friday
for dairy products company New Zealand Dairy Foods.
The European Commission this week granted British investment firm
BC Partners clearance to acquire the Italian undertaking Galbani, a
wholly owned subsidiary of the French Danone group.
China's largest dairy product maker, Shanghai Bright Dairy &
Food, a unit of Shanghai Industrial Holdings, plans to issue more
than 100 million Chinese domestic A shares, a source close to the
company said, reports Reuters
The next episode in the saga of Snow Brand Milk Products, the
Japanese company hit by food safety scandals, unfurled yesterday
when the company announced that it is to tie up with two
agricultural cooperatives and request a capital...
German food ingredients supplier Degussa BioActives is one step
closer to the reality of e-commerce operations. The company
announced this week that it has launched an updated version of its
current web site to provide the user with...
Anglo-Dutch food company Unilever this week reported faster growth
in the leading brands, strong expansion of operating margin and
strong progress for the fourth quarter of 2001.
Shares in Japan's scandal-racked Snow Brand Milk Products Co soared
in Tuesday trade after a weekend report that the company might form
an alliance with three domestic dairy operators.
The Australian Commerce Commission has received an application from
one of Australia's largest food companies, National Foods, to
acquire up to 100 per cent of the issued shares of New Zealand
Dairy Foods (NZDF).
Russia's leading dairy products and fruit juices company is set to
launch an initial public offering on the New York Stock Exchange in
the next few weeks.
Australian dairy company National Foods Ltd said on Monday it would
make a A$77 million (45 million euros) cash offer for Australian
dairy producer King Island Company Ltd.
