A $16bn aid package for US farmers was first announced in May. Last week Secretary Sonny Perdue gave more details about how and when the funding will be divided up.
Employees from Thailand ice cream and frozen food distributor Chomthana visited Chinese dairy company Yili Group for a ‘cultural merging and operational training’ program recently.
Mexican dairy producer Grupo Lala's 2019 second quarter sales netted 14,467m pesos ($758m) in Mexico, a 3.9% increase from Q2 2018. The company cited “innovation and an improved mix” of its ‘value-added dairy’ offerings as reason for the jump.
Following a major review of its European ingredients’ operations, Ornua has announced a proposal to close its Whitchurch site in the UK and transfer the production currently undertaken there to its Nantwich cheese ingredients facility.
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.
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.
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.
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...
Müller Milk & Ingredients (MMI) has confirmed it is ceasing production at its Foston dairy in Derbyshire, UK, with the potential loss of 223 permanent posts. The facility is likely to wind down by the end of the year with processing absorbed by other...
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.
Nestlé USA has said it will exit its company-owned frozen Direct-Store-Delivery (DSD) network for its ice cream and pizza businesses and will transition to a warehouse model. The move means the closure of eight frozen distribution centers and frozen inventory...
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.
As US President Donald Trump has escalated the trade tariffs spat with China, there are fears US dairy may be negatively impacted by tariff negotiations from all sides.
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.
Müller Milk & Ingredients (MMI), Britain’s largest producer of branded and private label fresh and flavored milk, cream, butter and dairy ingredients, is to review its network of dairies as part of its £100m ($129.4m) Project Darwin program, and enter...
Italian dairy company Granarolo S.p.A. has taken control of dairy company Venchiaredo S.p.A., after upping the amount of shares in the company from 33.47%, acquired in 2017, to 57.47%.
The Remarkable Milk Company, based in Victoria, Australia, has entered into an agreement to purchase the Coach House Dairy Brand from Bubs Australia Limited.
The human rights and Palestine solidarity organization BDS South Africa said it welcomes the announcement by the South African firm, Brimstone Investment Corporation, to fully exit the Israeli take-over of South Africa’s largest dairy company, Clover...
Ornua, producer of the Kerrygold brand, released its full-year 2018 results that showcased a strong performance in its key European and US markets. It also broke ground on a cheese facility in Spain and prepared for potential fallout from the Brexit deal....
Swiss dairy company Emmi has gradually been expanding its international goat’s milk network since 2010. It has now acquired a 66% stake in Austrian goat and sheep milk processor Leeb Biomilch GmbH.
German dairy cooperative Deutsches Milchkontor (DMK) is taking the next step in its realignment process. In order to further develop the baby food business sector, DMK has acquired the brands, as well as sales and distribution channels, of Alete GmbH...
Peak Rock Capital has signed an agreement to acquire the Turkey Hill Dairy business from The Kroger Co., known for ice cream, refrigerated drinks and other dairy products. It marks Peak Rock’s eighth current investment in the food and beverage industry.
The board of New Zealand’s Westland Co-operative Dairy Company Limited has signed a conditional scheme implementation agreement to sell the West Coast dairy cooperative to Hongkong Jingang Trade Holding Co., Limited (Jingang), a wholly-owned subsidiary...
After a disappointing 2018 for Dean Foods, it revealed last month that it was considering a sale. Investment management firm Bernstein has announced that it is “discontinuing coverage of Dean Foods (DF) due to the stock's diminished market cap and...
A disappointing fourth quarter for Dean Foods rounded out an under-performing 2018, causing the dairy giant to explore alternatives in its ‘business transformation.’ It is considering a joint venture, business combination or even a sale.
Glanbia plc released its 2018 financials this week, revealing growing profits on the back of a few high-profile acquisitions. The nutritional ingredients and dairy business is dipping into the non-dairy sector and reorganizing its board of directors in...
In its 2018 wrap-up report, Arla Foods announced that it would pay out its full net profit for 2018 of €290m ($329m) to farmers. It also discussed the progress of in-house cost-savings program Calcium and pending sustainability efforts.
General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York.
Last month, the American Dairy Coalition (ADC) called attention to the record 1.4 billion pounds of surplus cheese currently in US cold storage. But it may not have a simple solution, or even be as big of a problem as the public thinks.
The US government’s partial shutdown has entered its fifth week without a compromise in sight. Dairy farmers, producers and consumers alike are being impacted by the USDA’s and FDA’s limited resources in the interim.
In a letter penned to President Donald Trump, the American Dairy Coalition (ADC) detailed the current dairy crisis hoping to stop the “hemorrhaging of the US dairy industry.”
Machinery from a high volume fluid milk jug plant in southern Florida is up for auction this week, including milk silos, homogenizers and processors. Auctioneers New Mill Capital will oversee the online sale, open to all global customers.
Cargill took a hit in its second quarter with a 20% drop in net earnings compared to the year-ago period. It cited a ‘world of uncertainty’ affected by the struggling US dairy industry and lingering trade wars throughout 2018.
French grain cooperative Axéréal will acquire Cargill’s malt business under the Axéréal malt subsidiary Boortmalt, affecting 15 global facilities and more than 500 people.
The Dutch Royal FrieslandCampina N.V., a global dairy brand, closes out a busy December with the announcement that it has acquired Best Cheese Corporation USA, importer and vendor of specialty cheeses. It’s the second US company it has picked up this...
