Danone yesterday remained tight lipped over the possibility of
making an imminent acquisition into India's high growth dairy
market, as part of the company's longstanding expansion aims for
Friesland Foods and Campina revealed today that exploratory talks
are underway to merge into a global dairy giant - and
Campina CEO Justin Sanders is standing down "to give the
talks more chance for success".
Groupe Danone expects to conclude its acquisition of nutrition
company Numico in the first half of November, the two companies
said today, setting a timetable for the French group's bid to lead
the field in health and nutrition.
Danisco has cut a deal to sell its flavours division to Firmenich
that will let it focus resources on its bioingredients, texturants
and sweeteners competencies - while still keeping some interest in
flavours through a partnership...
Safety and innovation were on the agenda this week, when the head
of French dairy group Lactalis met with the Croatian vice president
to discuss the company's plans for rejuvenating the country's dairy
Tetra Laval's anticipated acquisition of the cheese-making
equipment division of a UK-based firm will not be referred to the
Competition Commission (CC) after the Office of Fair Trading (OFT)
accepted proposals addressing competition...
Campina has bought dairy ingredient producer Inovatech Argentina,
signalling the Dutch-owned company's desire to reach further into
the global specialized ingredients market, with an particular
emphasis on nutrition.
Campina, the Dutch dairy co-operative, yesterday informed its
member-farmers that the date of a crucial vote determining whether
it will merge with Arla Foods has been pushed back, to allow both
groups more time to reconsider "unresolved...
Asian drinks conglomerate San Miguel (SMC), currently embroiled in
a bidding war with New Zealand dairy co-operative Fonterra for
Australia's National Foods, is being lined-up as a potential buyer
for New Zealand Dairy Foods,...
US-based Graham Packaging is to acquire four Tetra Pak plants that
make HDPE (high-density polyethylene) plastic bottles for
nutritional beverages and value-added dairy beverages supplying
markets in Belgium, Brazil, Turkey, and the...
Committee members of Danish-Swedish dairy co-operative Arla Foods
have voiced concerns over a financial technicality which could
throw its approaching merger with Campina into disarray, Tom
Asian drinks conglomerate San Miguel has acquired a majority stake
in King's Creameries, a Singapore-registered ice cream producer -
but with new debt already financing its current expansion strategy
and a €1.07 billion bid to...
France's biggest dairy producer Lactalis is set to acquire fellow
French dairy producer Pochat, another acquisition aimed at
strengthening its branded, consumer dairy product line-up, Tom
Germany's two largest dairies have terminated an agreement to
merge. Nordmilch, Germany's leading dairy co-operative, and Humana
Milchunion were set to merge in January 2005, but since have cited
"timing" and "restructuring...
Bolt-on acquisitions move ambitious Israeli flavours firm Frutarom
a step closer to its ambitions to reach the top ten flavour club
with the firm closing down on the purchase of IFF's fruit
preparations business in Europe.
The boards of Germany's two largest dairy companies, Bremer
Nordmilch and Humana Milchunione, have announced plans they are to
merge. The proposal is due to come into effect as of January 2005
and will allow them to overtake...