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.
The DMK Group, Germany’s largest dairy cooperative and fourth biggest supplier to German retailers, said it is seeing positive initial bottom-line results from its ongoing restructuring program.
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.
