Consolidation

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.

Beston said the sale would enable it to reduce debt and take advantage of opportunities in line with the company’s long-term business plan.  Pic: Getty Images/nedjelly

Beston sells dairy farms for $40.4m

By Jim Cornall

Australia’s Beston Global Food Company Limited has signed an agreement with Aurora Dairies for the sale of its dairy farms in Mount Gambier to Aurora for A$40.4m (US$27.5m) in cash.

Hochdorf is concentrating its efforts on its baby care and dairy ingredients divisions.

Hochdorf to liquidate three subsidiaries

By Jim Cornall

Hochdorf Group in Switzerland is dissolving some of its companies to continue with last year’s announcement of a strategy to focus on its baby care and dairy ingredients divisions.

DFA to purchase a portion of Dean Foods’ assets for $433m

By Beth Newhart

After several months of back and forth following the Dean Foods bankruptcy, the Dairy Farmers of America (DFA) co-op is acquiring a majority of its assets for $433m. Prairie Farms Dairy will also get a portion for $75m.

Dairyworks supplies New Zealand consumers with cheese, butter, milk powder and ice cream.

Synlait receives approval for Dairyworks acquisition

By Jim Cornall

Synlait Milk Limited says the Overseas Investment Office in New Zealand has granted consent under the Overseas Investment Act 2005 to its purchase of the shares in Dairyworks Limited.

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