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.
