Consolidation

Pic: Getty Images/pichet_w

More than 40 dairy company deals in 2020

By Jim Cornall

Nestlé, Constellation Brands, Diageo, Keurig Dr Pepper, New Age Beverages and Pernod Ricard were the most acquisitive companies of 2020, according to the Zenith Global food and drink transactions database, with each responsible for five or more takeovers....

The three-year plan expects a significant growth in turnover in the 2021-2024 period, with a corresponding improvement in margins.

Italian cheese companies Agriform and Parmareggio merge

By Jim Cornall

On January 1, 2021, the largest Italian company in the world of PDO cheeses was born from the merger between Agriform and Parmareggio, two Veneto and Emilia Romagna companies in the sectors of Grana Padano PDO and Parmigiano Reggiano PDO, respectively.

Some of the Iögo, Iögo Nanö and Olympic brand products. Pic: Lactalis

Lactalis Canada buying Agropur's Canadian yogurt business

By Jim Cornall

Lactalis Canada Inc., formerly Parmalat Canada Inc., a subsidiary of Lactalis Group, has reached an agreement with Agropur Cooperative to acquire all shares of its Canadian yogurt business, Ultima Foods Inc.

The intended closure of the Genk location, with the loss of 211 jobs, is expected at the end of 2021. Pic: FrieslandCampina

FrieslandCampina to close Belgian cheese facility

By Jim Cornall

Dutch dairy cooperative FrieslandCampina said it is restructuring its cheese packaging activities and intends to close its location in Genk, Belgium, with the loss of 211 jobs.

Tank production at Krones' Waukesha facility. Pic: Krones

Krones launches Krones Process Group North America

By Jim Cornall

Processing, packaging and technology company Krones Inc. has launched Krones Process Group North America to provide a more cohesive offering to the beverage, dairy, and food industries in North America, Central America, and the Caribbean.

The company has partnered with plastics manufacturers and consumer products companies such as PepsiCo, Nestlé, Genpak, WinCup, Columbia Packaging Group and Plastic Suppliers Inc. Pic: Danimer Scientific

Danimer Scientific to become a public company

By Jim Cornall

US-based Danimer Scientific, a next-generation bioplastics company focused on the development and production of biodegradable materials, and Live Oak Acquisition Corp., a publicly-traded special purpose acquisition company, have announced a definitive...

Fonterra said it expects to use the proceeds from the two transactions to pay down debt, as part of its debt reduction program. Pic: Getty Images/Inzyx

Fonterra sells China farms

By Jim Cornall

Fonterra has agreed to sell its China farms for NZ$555m (US$368.9m), after successfully developing the farms alongside local partners.

Hochdorf said it expects the relocation to generate synergies in cooperation and to result in cost savings and increased efficiency.

Hochdorf moves to strengthen Bimbosan brand

By Jim Cornall

Swiss dairy company Hochdorf said the discontinuation of wheat germ production at its Hochdorf site will release production and storage space for use by Bimbosan AG from the end of January 2021.

Chinese dairy company Mengniu purchased Australian company Bellamy's last year, but could not complete a deal for Lion Dairy & Drinks.

Mengniu pulls plug on Lion deal

By Jim Cornall

In November 2019, China Mengniu Dairy Company Limited announced the planned acquisition of Lion-Dairy & Drinks (LDD) Pty Ltd in Australia.

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