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.
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.
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%.
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)...
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...
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.
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.
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.
According to a report by Zenith Global, 2017 was another record year for food and drink industry transactions, with 727 registered in the bevblog.net mergers and acquisitions database, an average of almost 14 each week.
The Southeast United Dairy Industry Association (SUDIA) has rebranded itself as The Dairy Alliance as the dairy coalition looks to expand its partnerships with the US dairy industry, particularly around the food service sector.