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...
New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price range from NZ$6.25-$6.50 (US$4.30-$4.47) per kgMS to NZ$6.00-$6.30 (US$4.13-$4.33) per kgMS.
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.
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.
Parmalat Group makes ‘significant investment’ in Canadian dairy with acquisition of the natural cheese division of Kraft Heinz Canada, including brands like Cracker Barrel, P'tit Quebec and aMOOza!.
Australian-style yogurt brand Noosa is merging into Sovos Brands, a CPG collector with an Italian portfolio and financial backing from Advent International.
Arla Foods has announced further changes to some of its corporate group functions as part of its ongoing transformation program, Calcium, with the loss of 140 jobs.
Saputo Inc. announced Friday that it will acquire F&A Dairy Products Inc. for $85m, including two manufacturing facilities and approximately 170 employees.
Kerry has struck a deal to acquire Fleischmann's Vinegar Company Inc and AATCO Food Industries LLC for c. €365m ($415m) in a move it claims will boost its foundational technology portfolio and strengthen its position in foodservice and developing...
Irish cooperatives Lakeland Dairies and LacPatrick Dairies have reached agreement to merge following the unanimous approval of the boards of both cooperative societies who are recommending the proposed merger to their respective shareholders.
Synlait has reported a net after tax profit of NZ$74.6m (US$49.3m) for the year ending July 31, 2018, almost double the NPAT of NZ$39.5m (US$26.1m) announced for the same period last year.
Land O’Lakes Inc. has announced that it has acquired Agren Inc., a company that develops soil health and conservation planning software. It will become a part of Land O’Lakes SUSTAIN, a farmer-focused division of the dairy company.
New Zealand dairy company Synlait Milk Limited has sought to clarify its arrangements with Tetra Pak and Ebert Construction Ltd in the delivery of two capital projects at Synlait Pokeno and Synlait Dunsandel, following the announcement that Ebert Construction...
Following the announcement in February this year of the partnership between Arla Foods and Yeo Valley on liquid milk, butter and cheese, Arla Foods said it is pleased the Competition and Markets Authority (CMA) has approved the deal following a Phase...
Swiss dairy company Emmi has held a stake in the goat’s and sheep’s milk product trader AVH dairy trade B.V. (AVH), based in Bergen, the Netherlands, since January 2013, and is now increasing its stake from 75% to 90%.
Fonterra Australia and Bellamy’s Organic Pty Limited have strengthened their strategic partnership by signing a long-term supply agreement for the recruitment and supply of organic milk in Tasmania.
New Zealand’s Commerce Commission has received a clearance application from Goodman Fielder New Zealand Limited to acquire assets related to the manufacture and distribution of ‘Yoplait’ branded yogurt in New Zealand from Lion - Dairy & Drinks (NZ)...
Danone and Yashili, a division of China’s Mengniu Dairy Co, have signed a memorandum of understanding (MOU) whereby Danone acquires 49% of the shares of the dairy company Yashili New Zealand Dairy Co.
More than 160 jobs are at risk as Arla Foods UK plans a reorganization of its cheese business and warehouse network, with another 195 people affected in support functions, primarily at the cooperative’s Aarhus, Denmark headquarters.
Swiss nutrition company Hochdorf Swiss Nutrition Ltd has acquired the Swiss baby care producer Bimbosan AG in a cash and share deal (10% treasury shares) for an estimated price of CHF 30m, which the company said represents approximately 2.5x and 13x EBITDA...
Irish planning body An Bord Pleanála’s has granted permission for the development of a facility for the manufacture of Jarlsberg cheese in Mogeely, Co. Cork.
Last week, Argentine dairy cooperative SanCor Cooperativas Unidas Limitada, held an extraordinary assembly, during which the terms and conditions of the investment and association offer submitted by Adecoagro S.A. were considered and approved unanimously.
Industry 4.0 represents a fundamental shift in the global manufacturing sector but questions abound around who it effects, what are its challenges, and when it will begin.
Adecoagro, an agro-industrial company in South America, has submitted an investment proposal to partner with Argentinian dairy company SanCor to develop and expand the business.
DuPont held a ground-breaking ceremony for a deep-freeze warehouse in response to increasing demand for frozen and freeze-dried starter cultures from the global yogurt, fresh fermented and cheese markets, in Niebüll, Germany, this week.
Foreign interest in the US dairy market has been at a play for several years, but the momentum of international joint ventures (JVs) has been speeding up, a report published by CoBank’s Knowledge Exchange Division says.
Dean Foods saw its gross profit drop 8% year-over-year to $1.8bn, driven primarily by a 6% decrease in reported volumes and higher mix of private label products, which the company intends to turn around with an enterprise-wide cost productivity program.
Through its UK-based subsidiary, Italian-owned agro-industrial company Granarolo has acquired Midland Food Group, a consolidated chilled, ambient and frozen foods distributor in the UK.
Fonterra and The a2 Milk Company (a2MC) have formed a strategic partnership, linking Fonterra’s global milk pool and supply chain with a2MC’s manufacturing, marketing, and distribution capabilities.
Two Irish dairy cooperatives – North Cork Co-operative Creameries (Kanturk, County Cork) and the Feale Bridge & Headley Bridge Co-operative (Abbeyfeale, County Limerick) – are to merge.
Canadian dairy processor Saputo reported a nearly 2% increase in revenues hitting $3bn for Q3 FY18 boosted by acquisitions while keeping an eye out for other deals, CEO Lino Saputo said during the company’s latest earnings call.
South Africa’s Competition Tribunal has conditionally approved a merger between Gutsche Family Investments Proprietary Limited (GFI), which controls Woodlands Dairy, and Fairfield Diary Proprietary Limited.
