Consolidation

The large-scale plant is likely to transform its host St. Johns, a small central Michigan town. Pic: ©GettyImages/pia_ch

Ground breaks on major dairy plant in Michigan

By Beth Newhart

After announcing plans over the summer for a large-scale cheese and whey processing plant in St. Johns, Mich., construction has officially broken ground on the facility this month.

The acquisition is expected to take place in January 2019.

Agrial to buy German cheese company

By Jim Cornall

French dairy cooperative Agrial is set to acquire German company Rotkäppchen Peter Jülich Group, which specializes in cow and goat milk cheeses.

Dean Foods reveals disappointing Q3 with seven plant closures

By Beth Newhart

Dean Foods posted a loss of 28 cents per share, or $26.4m in its third quarter. It also closed and consolidated seven manufacturing facilities within six weeks, racking up ‘significant transitory costs’ that are expected to continue.

Noosa has tripled its sales, market share and local production capacity in the last four years.

Noosa yogurt acquired by Sovos Brands

By Beth Newhart

Australian-style yogurt brand Noosa is merging into Sovos Brands, a CPG collector with an Italian portfolio and financial backing from Advent International.

Saputo will take over 170 employees in the deal.

Saputo acquires F&A Dairy for $85m

By Beth Newhart

Saputo Inc. announced Friday that it will acquire F&A Dairy Products Inc. for $85m, including two manufacturing facilities and approximately 170 employees.

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.