Consolidation

Left to right, Andrew McConkey, chairman, LacPatrick Dairies; Michael Hanley, CEO, Lakeland Dairies and Alo Duffy, chairman, Lakeland Dairies.

Lakeland Dairies and LacPatrick Dairies to merge

By Jim Cornall

Irish cooperatives Lakeland Dairies and LacPatrick Dairies have reached agreement to merge following the unanimous approval of the boards of both cooperative societies who are recommending the proposed merger to their respective shareholders.

The company said top line revenue increased from NZ$759m (US$502m) to NZ$879m (US$581m).

Synlait doubles profit and takes over cheese company

By Jim Cornall

Synlait has reported a net after tax profit of NZ$74.6m (US$49.3m) for the year ending July 31, 2018, almost double the NPAT of NZ$39.5m (US$26.1m) announced for the same period last year.

Land O'Lakes has held minority equity in Iowa-based Agren since 2016. Pic: ©GettyImages/Sasiistock

Land O’Lakes acquires soil software company Agren

By Beth Newhart

Land O’Lakes Inc. has announced that it has acquired Agren Inc., a company that develops soil health and conservation planning software. It will become a part of Land O’Lakes SUSTAIN, a farmer-focused division of the dairy company.

a2MC has increased its shareholding in ordinary shares of Synlait to 17.39%.

News in Brief

Synlait not concerned by Ebert Construction receivership

By Jim Cornall

New Zealand dairy company Synlait Milk Limited has sought to clarify its arrangements with Tetra Pak and Ebert Construction Ltd in the delivery of two capital projects at Synlait Pokeno and Synlait Dunsandel, following the announcement that Ebert Construction...

The transaction gives Arla Foods the rights to use the Yeo Valley brand in the UK for milk, butter, spreads and cheese under an intellectual property license with Yeo Valley.

Arla Foods UK and Yeo Valley partnership cleared

By Jim Cornall

Following the announcement in February this year of the partnership between Arla Foods and Yeo Valley on liquid milk, butter and cheese, Arla Foods said it is pleased the Competition and Markets Authority (CMA) has approved the deal following a Phase...

The AVH dairy office in Bergen, a coastal town north of Amsterdam in the Netherlands.

News in brief

Emmi increases stake in Dutch company AVH

By Jim Cornall

Swiss dairy company Emmi has held a stake in the goat’s and sheep’s milk product trader AVH dairy trade B.V. (AVH), based in Bergen, the Netherlands, since January 2013, and is now increasing its stake from 75% to 90%.