Consolidation

Cargill reports a 20% earnings loss in Q2

By Beth Newhart

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.

The sale is expected to boost Axéréal's global malt footprint.

Cargill sells malt business to Axéréal

By Beth Newhart

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.

FrieslandCampina acquires second US company

By Beth Newhart

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...

The facility manufactures fresh, extended shelf-life and aseptic dairy products for grocery store chains and organic milk brands.

DFA to buy Agropur Minnesota facility

By Jim Cornall

Dairy Farmers of America (DFA) and Agropur have announced they have entered into an agreement for DFA to acquire Agropur’s St. Paul, Minn., facility.

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.

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