Consolidation

Hochdorf said due to higher costs and depreciation the half-year result is expected to be significantly below that of the previous year.

News in brief

Hochdorf says first-half results will be down

By Jim Cornall

Switzerland’s Hochdorf Group has warned that its half year results are going to be worse than expected partly due to the challenges of integrating subsidiaries.

Kroger intends to use the after-tax cash proceeds to reduce its debt. Pic: Getty/martinrlee

Kroger completes Turkey Hill sale

By Beth Newhart

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.

Project Darwin aims to reduce cost and improve margins.

Müller confirms UK dairies review

By Jim Cornall

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...

Venchiaredo makes stracchino, a soft, creamy cow’s milk cheese. Pic: ©Getty Images/fiore26

Granarolo ups stake in Venchiaredo

By Jim Cornall

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%.

BDS South Africa said it commends Brimstone for interacting with organizations and members of the public, and for exiting the takeover.

South African company confirms withdrawal from Clover Dairy deal

By Jim Cornall

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...

The Kerrygold Butter is now the number two butter brand in the US, with 2.6m packets sold every week. Pic: Ornua

Ornua notches a €40m operating profit in 2018

By Beth Newhart

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....

 Leeb Biomilch focuses on dairy and fresh products (especially yogurt) from organic goat and organic sheep milk.

Emmi acquires majority stake in Leeb Biomilch

By Jim Cornall

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.

DMK said it is opening up additional segments with this acquisition.

DMK Group acquires Alete

By Jim Cornall

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...

Kroger has recently put new emphasis on its ecommerce platform by launching Kroger Ship last summer.

Peak Rock acquires Turkey Hill Dairy from Kroger

By Beth Newhart

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 sale of Westland to Yili is subject to shareholder and High Court approval. Pictured: Westland's Rolleston plant.

Yili set to buy NZ’s Westland for $404m

By Jim Cornall

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...

Dean Foods is looking into several options to position the brand for the long term, despite poor 2018 numbers.

Bernstein drops Dean Foods after poor 2018 performance

By Beth Newhart

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...

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