Consolidation

Lactalis Group acquired Ehrmann Commonwealth Dairy, the US yogurt business of Ehrmann AG.

Lactalis busy with North American acquisitions

By Jim Cornall

Following the purchase last week of Kraft Heinz natural cheese activities in Canada, French dairy company Lactalis has further dipped into the market by acquiring the US yogurt division of Ehrmann AG.

Hochdorf took over Bimbosan in 2018 as it focuses on its baby care division.

Hochdorf realigns business

By Jim Cornall

Following its Annual General Meeting on April 12, 2019, the Board of Directors of Swiss dairy company Hochdorf Holding Ltd, together with the senior management team, has reviewed the Group's direction and the positioning of its subsidiaries.

DFA chose its accelerator startups based on innovation potential and

DFA wraps up accelerator and merger deal

By Beth Newhart

In late June the Dairy Farmers of America (DFA) started a merger with St. Albans Cooperative Creamery. It also held the Demo Day for six agriculture and dairy startups in its third annual accelerator.

Westland chairman Pete Morrison said that while Westland will cease to be a cooperative, the board believed the proposed deal is the best outcome for shareholders.

Westland no longer a cooperative as shareholders support Yili deal

By Jim Cornall

Shareholders of New Zealand Westland Co-Operative Dairy Company Limited have overwhelmingly voted in favor of the Scheme of Arrangement under which shares in Westland are to be acquired by Jingang, a wholly owned subsidiary of Inner Mongolia Yili Industrial...

On April 15, 2019, Saputo Inc. completed its acquisition of Dairy Crest.

Dairy Crest becomes Saputo Dairy UK

By Jim Cornall

Following its acquisition by Canadian dairy company Saputo Inc., UK company Dairy Crest has changed its name to Saputo Dairy UK.

Saputo has made five acquisitions in the last 13 months, bumping up its revenue. Pic: Getty/haurashko_ksu

Saputo’s annual revenue jumps 17% after three acquisitions

By Beth Newhart

Saputo Inc. reported its latest fourth quarter and fiscal year results, ending March 31. It completed a series of acquisitions last year that contributed to higher revenue, while low cheese prices and struggles with the Canadian dollar hurt overall earnings.

Edge believes the aid will provide only partial and short-term relief for farmers. Pic: Getty/Annimei

USDA authorizes $16bn aid package for US farmers

By Beth Newhart

US President Donald Trump and US Secretary of Agriculture Sonny Perdue announced ‘several actions’ to help farmers in the wake of the recent trade war with China, including $16bn in aid.

Hochdorf said due to higher costs and depreciation the half-year result is expected to be significantly below that of the previous year.

News in brief

Hochdorf says first-half results will be down

By Jim Cornall

Switzerland’s Hochdorf Group has warned that its half year results are going to be worse than expected partly due to the challenges of integrating subsidiaries.

Kroger intends to use the after-tax cash proceeds to reduce its debt. Pic: Getty/martinrlee

Kroger completes Turkey Hill sale

By Beth Newhart

After announcing that it may drop its flagship dairy brand last August, Kroger sold Turkey Hill to Peak Rock Capital earlier this year. The agreement was completed this week for $215m.

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