Healthy quarterly results from WBD
Russian dairy giant Wimm-Bill-Dann Foods (WBD) has announced its
financial results for the first quarter of 2003.
DSM acquires cheese-coating business
Dutch company DSM has further expanded its business with the
acquisition of cheese coating business Plasticoat.
Rhodia Food expands interests in Oz
Rhodia Food, a subsidiary of French company Rhodia, has
strengthened its position in Australia with the signature of a
distribution agreement with Australian chemical giant Orica.
Lakeland Dairies finalises acquisition
Ireland-based Lakeland Dairies has acquired Northern Ireland firm
Pritchitts' Foods in a £13 million (€18.6m) deal.
Invensys wins cheese contract
Arla Falkenberg, the Swedish cheese producer, has awarded Invensys
APV a contract valued at €4.5 million to design and install a new
cheese production line for its Falkenberg dairy in Sweden.
WBD and Danone in talks
Russian dairy Wimm-Bill-Dannhas confirmed that a number of its
shareholders have approached French group Danone in a move which
could lead to a takeover of the company.
Indian dairy looks to Europe
India-based Amrit Foods is in talks with European dairy producers
with a view to establishing a joint venture to manufacture and sell
a number of milk and milk-based products.
Express Dairies looks to the future
Express Dairies continued to suffer last year at the hands of
commodity price fluctuations and high interest repayments.
Dairy giants seek approval
Two of Europe's leading dairy companies are currently negotiating
takeover bids with national competition authorities in the US and
Saputo acquires blue cheese business
Canadian dairy firm Saputo has increased its US holdings by buying
two brands of blue cheese and other assets from ConAgra Foods.
Dairy Crest confident despite sales dip
Dairy Crest, the UK dairy products group, has reported a 3 per cent
drop in sales for the year to March 2003 but stressed that its
branded business continued to grow strongly.
For feta or for worse
Arla Foods is involved in a joint feta venture with the Greek dairy
company, Hellas. The move is designed to strengthen the
Scandinavian dairy's presence in the US market
Rumours persist over future of WBD
Danone is once again rumoured to have made an offer for Russian
dairy group Wimm-Bill-Dann, although both the French group and
WBD's management have denied the move.
Unilever makes African acquisitions
Unilever's Ola ice cream unit has acquired the Juicy Lucy and Milky
Lane retail businesses in South Africa, its first franchise
operation in Africa.
Pot plant operational
Graham Packaging Company has begun production of polypropylene
yoghurt containers at a new French plant, adding to the companies
growing blow moulding capabilities.
Loss of US business hits Valio profits
The sale of US cheese company McCadam in January pushed down sales
at Finnish group Valio in the first four months of the year.
Illegal flavouring agents prompt food recall
Five Japanese companies have said they will recall a wide range of
food products which were made using banned flavouring agents
acetaldehyde, propionaldehyde and castor oil.
Dairy alternatives hit European market
Galaxy Nutritional Foods has entered into a distribution and
licensing agreement with French cheese firm Fromageries Bel.
Dairy giant in good shape
Despite the challenging economic climate, Irish food ingredients,
flavours and dairy group Kerry expects a good outcome for the full
Scottish dairy expands
Graham's Dairies has further expanded its operations. The business
acquired Stevenson Dairy Farm this week in a move that consolidates
its position as Scotland's largest family-owned dairy.
ISP acquires Brazilian dairy ingredients plant
International Specialty Products (ISP) continues to consolidate its
position on the ingredients market with the news this week that it
has acquired Brazilian ingredient systems company Germinal.
Glanbia on target
Irish food and dairy group Glanbia is likely to meet full year
earnings expectations despite tougher trading conditions, its
managing director said this week.
Valio makes Belgian acquisition
Valio's Belgian subsidiary, Valio-Vache Bleue, has taken over the
operational and commercial activities of International Food &
Business - Brussels Food Distribution (IFB-BFD).
UK seeks to rule on Arla/Express merger
The UK competition authorities have asked permission from the
European Commission to rule on the proposed merger of Arla Foods
and Express Dairies in the UK.
Arla plans job cuts
Dairy giant Arla Foods is planning to cut 600 jobs over the next
three financial years. The job losses will largely be contained
within the group's administrative departments.
Nestlé moves to complete Dreyer's deal
The proposed acqusition of ice cream firm Dreyer's by Swiss food
group Nestlé could finally get the green light this week.
Xanthan gum price increase
RhodiaFood, part of French speciality chemicals company Rhodia,
recently announced that it would hike up the price of its Rhodigel
food grade xanthan gum by 10 per cent.
A good year for Wiseman
Dairy processor Robert Wiseman has posted an 11 per cent increase
in sales volumes for 2002, helped by investment in its dairy
facilities and important new supply contracts with the major
Swiss cheese group reports healthy performance
2002 was a good year for Swiss cheese group Emmi, which continues
to pursue a successful strategy of mergers and acquisitions.
AB Enzymes buys enzyme business
German enzyme company AB Enzymes, a subsidiary of ABITEC Group, the
food ingredient and specialty chemicals group, announced this week
that it has acquired Gamma Chemie, a German-based enzyme business.
Ebro maintains profit levels
A substantial improvement in the profitability of its core dairy,
rice and sugar unit has helped Spain's Ebro Puleva group to
maintain profit levels in the first quarter despite a decline in
Raisio to start margarine production in Russia
The subsidiary of Raisio Group, Raisio Nutrition, has bought a
dairy in Istra, just outside Moscow and is due to start production
there as soon as government regulations are fulfilled.
Nestlé sales hit by franc strength
Swiss food group Nestlé has reported solid organic growth for the
first quarter of 2003, stressing the importance of product
innovation during the period. But actual sales declined as a result
of the continued strength of the Swiss...
Bel hit by dollar decline
Fromageries Bel, the French cheese group, has reported a slight
decline in sales as a result of the depreciation of the dollar and
poor economic conditions in core markets such as Germany and the
Healthy first quarter for Danone
French dairy-to-biscuits group Danone reported good growth in all
its business sectors during the first quarter, with sales of dairy
products up 9.4 per cent on a like-for-like basis.
Valio improves at home and abroad
Finnish dairy group Valio has reported a rise in sales, helped by
strong gains from cheese and ice cream. But profits were reduced as
a result of exceptional items related to the sale of a US unit and
the planned closure of a production...
Nestlé still pushing for Dreyer's deal
Switzerland's Nestlé group remains confident that the takeover of
US ice cream group Dreyer's can be concluded.
Danone invests in probiotics firm
French yoghurt manufacturer Danone has announced that it has raised
its stake in probiotics maker Yakult to 19 per cent, citing strong
performance of the Japanese company as the reason for its long-term
McLelland extends production facilities
Scottish dairy producer McLelland is investing a total of £13
million to extend its cheese-making operations in Stranraer. The
plans include the building of a new 10,000 ton cold store and
general storage facilities.
Parmalat bullish after solid performance
Despite currency devaluations in both North and South America,
Italian dairy group Parmalat posted only a 2.7 per cent decline in
sales for 2002 as a programme of product roll-outs helped boost
organic volume growth.
Express, Arla to merge UK units
Express Dairies, the UK's leading liquid milk supplier, and Arla
UK, the British arm of Europe's largest dairy co-op, are merging to
create a stronger position in both the liquid milk and dairy
Back to basics pays off for Campina
Focusing on improving quality rather than lifting sales has paid
off for Dutch dairy group Campina, which has seen a solid
improvement in sales for its core brands despite volatile
international dairy markets.
Fourth year of growth for WBD
A continued push into the Russian regions helped dairy product and
fruit juice producer Wimm-Bill-Dann to its fourth successive year
of growth in 2002. Further investment should help drive growth in
Dairy Crest set to hit targets
Dairy Crest, the UK chilled dairy foods company, is on track to
meet its profit targets for 2002 after strong performances from its
leading brands such as Clover, Cathedral City, Frijj and Yoplait.
Organic partnership for Yoplait Dairy Crest
Dairy Crest has extended its partnership with leading US organic
dairy producer Horizon Organic Holding.
Arla will struggle to hit targets
Pressure on prices, unfavourable foreign exchange rates and a
decline in German sales mean that Scandinavian dairy company Arla
will have difficulty meeting its profit targets for 2003.
Dairy products, juice - and bottled water
Wimm-Bill-Dann is to launch its own brand of bottled mineral water
in Moscow and St Petersburg, marking the company's entry into a
market with significant potential.
IDB strengthens convenience foods
The Irish Dairy Board, producer of the Kerrygold brand, has
acquired Meadow Cheese, a UK-based company supplying cheese to
producers of processed convenience foods.
Quality boosts Bongrain results
The quality of its products - and an ongoing programme of
international expansion - helped French cheese maker Bongrain to
lift its profits last year despite a decline in sales.
Key brands drive Friesland Coberco
A strong performance from key brands, plus the addition of a number
of new products previously owned by Nutricia, helped Dutch dairy
group Friesland Coberco overcome the negative impact of depressed
world dairy prices in 2002.