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.
After several long days of negotiations in the Senate, an emergency relief bill has passed to help Americans impacted by coronavirus. It creates a $9.5bn COVID-19 agricultural disaster fund.
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.
Glanbia is still dealing with the rippled effects of a few key acquisitions in the last year and a half. It brought in €3.875bn ($4.24bn) in 2019, and is banking on its performance nutrition segment to grow in 2020.
The Australian Competition and Consumer Commission (ACCC) said it will not oppose the proposed acquisition of Lion Dairy & Drinks Pty Ltd (Lion D&D) by China Mengniu Dairy Company Ltd (Mengniu) after closely considering the potential impact on...
A new program from oat-based yogurt alternative brand Hälsa Foods will partner with dairy farms, and support them converting to farmlands for growing organic oats. It will be led by a team of Scandinavian farmers, researchers and environmental experts.
At the International Dairy Foods Association’s (IDFA) Dairy Forum this week, president and CEO Michael Dykes spoke of the challenges facing US dairy, including product innovation, milk bankruptcies and setting the industry up for a sustainable future.
The US Mexico Canada Agreement (USMCA) passed the House in late 2019 and the Senate earlier this month. It replaces the previous North American Free Trade Agreement (NAFTA).
After months of uncertainty, the US Mexico Canada Agreement (USMCA) has officially passed the US House and Senate. President Donald Trump said he will sign it into law next week.
After coming to a verbal trade agreement in December, President Donald Trump and General Secretary Xi Jinping signed the first installment of the deal on Wednesday.
Zenith Global has published its database of food and drink company mergers and acquisitions in 2019, and the data show the previous record high of 777 in 2018 was broken again, with 789, an average of 15 each week.
Data from the Wisconsin Department of Agriculture revealed that a record 10% of dairy farms in Wisconsin shuttered last year. It topped 2018’s loss of 7.25%.
The Dairy Farmers of America is realigning its portfolio of dairy-based ingredients into a new group, DFA Ingredient Solutions. It says this will provide better support for food manufacturers and operators.
As the year's fourth quarter wraps up, Rabobank's RaboResearch looks back on global dairy's performance in 2019, and ahead to 2020. Milk production and prices are up, leading to challenges for producers.
A mega-merger between International Flavors & Fragrances Inc (IFF) and DuPont nutrition & biosciences unit will create a new industry giant worth more than $45 billion (€40.4 billion), say those involved in the deal.
The US government announced a ‘Phase One’ trade deal on Friday that stipulates China will make substantial purchases of US goods and services in the coming years, including from agriculture.
Froneri started as an ice cream-focused joint venture between Nestlé and PAI Partners in 2016, and the relationship will be furthered by the acquisition of Nestlé USA’s collection of ice cream brands.
A global dairy commodity update from Maxum Foods Pty Ltd shows improving expansion in milk supply for December 2019 and a slowing in trade in milk powders. US cheese retailers are contributing with holiday promotions.
US dairy numbers from September reveal production was up across the industry when compared to the same time last year. But dairy still shows signs of strain amid bankruptcies and closures.
One of the most well-known dairy companies in the US is prepared to sell its business after years of disappointing numbers. The Dairy Farmers of America (DFA) may be a potential buyer of the Dean Foods assets.
Non-dairy brand Miyoko’s Creamery announced a partnership with Farm Sanctuary to help California dairy farms transition to plant-based operations. They think it’s a win-win opportunity for a sustainable future.
In Glanbia’s third quarter results, the global nutrition group announced total revenues were up 16.9% with strong numbers from its Nutritional Solutions (NS) division. But Performance Nutrition (GPN) struggled despite key acquisitions.
In the company’s third quarter report, Grupo Lala discussed an ‘operational issue’ at one of its Mexican cheese plants, resulting in an inventory shortage and 8.8% volume loss.
The National Milk Producers Federation penned a letter to US President Donald Trump this week, praising and criticizing aspects of his trade deals and how they impact the dairy industry.
Global dairy markets are expected to remain firm through mid-2020, but Rabobank predicts that the second half of the year will be tighter in the face of a possible global recession.
As a Greek yogurt-based ice cream alternative, Yasso has grown to be a nationally distributed better-for-you dessert. Now the brand is handing off its leadership to a new management team and opening a headquarters in Boulder, Colorado.
South Africa’s Competition Tribunal has approved the merger of Milco SA (Pty) Ltd and Clover Industries Ltd, subject to employment, local procurement of bulk juice concentrate, and information sharing conditions.
Wells Enterprises has announced its purchase of light ice cream company Halo Top. Wells already manufactures popular dessert brands like Blue Bunny, Bomb Pop and Chilly Cow.
The hearing into the proposed merger transaction, whereby Milco SA (Pty) Ltd (Milco) seeks to acquire Clover Industries Ltd (Clover), resumed on Monday, September 9, 2019, South Africa’s Competition Tribunal says.
Over the weekend, US president Donald Trump put into effect a new round of tariffs on Chinese goods, while the US Dairy Export Council (USDEC) visited Chinese officials to preserve its relationship with China.
More milk production is happening on fewer farms, and large-scale operations have expanded into non-traditional markets. Rabobank’s latest report on the changing US dairy landscape examines the biggest challenges.
The European Union’s effort to take sole ownership of common cheese terms based on origin has ended in an agreement, protecting the fate of ‘mozzarella’ around the world.
Nestlé Brasil and Laticínio Bela Vista, producer of the Piracanjuba and LeitBom brands, have agreed a partnership for the production and distribution of UHT milk in Brazil.
The dairy industry generates about half of Wisconsin's annual industrial agricultural revenue, according to a new report from the University of Wisconsin-Madison.
Nestlé, Lactalis and Danone continue leading the global dairy industry, but could see some shakeups in the future, according to a new analysis from Rabobank.
The Australian Competition and Consumer Commission (ACCC) said it has preliminary competition concerns about Canadian dairy company Saputo’s proposed acquisition of the Tasmanian-based cheese business of competitor Lion Dairy & Drinks.
This summer, the Dairy Business Association (DBA) has hosted ‘policy picnics’ in collaboration with the Edge Dairy Farmer Cooperative. The member events brings together the dairy community during a time of economic stress.
Synlait has completed the acquisition of selected assets from fellow New Zealand company Talbot Forest Cheese. The acquisition includes the property, plant and equipment at the Temuka site, along with the consumer cheese brand (Talbot Forest Cheese)....
China’s Yili Group has completed the purchase of all of the shares in New Zealand’s Westland Co-operative Dairy Company after final details of the sale were completed today.
Cargill's 2019 annual report was released this week, highlighting its recent efforts to be more environmentally friendly and continue growing sustainably.
