Consolidation

Dairy tops list of acquisitions in 2017

Dairy tops list of acquisitions in 2017

By Jim Cornall

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.

SanCor's wide range of dairy products are distributed globally.

SanCor to sell AFISA share to Arla

By Jim Cornall

Argentine dairy company SanCor Cooperativas Unidas Limitada has agreed to sell its share in its joint venture with Arla Foods, known as Arla Foods Ingredients SA (AFISA).

No jobs will be lost when Arla transforms the Endrup dairy into a cheese maturing and packing center.

Arla announces plans for Endrup dairy

By Jim Cornall

Arla Foods amba has announced its plans for what to do with the Endrup Andelsmejeri dairy, which it took over after the small company ran into financial difficulties.

Saputo's takeover of Murray Goulburn is expected to close in the first half of 2018.

Saputo to take over Murray Goulburn for $1bn

By Jim Cornall

After many rumors over the potential sale of Australia’s Murray Goulburn Co-Operative Co. Limited, Canadian dairy company Saputo Inc. has emerged as the company that will take over the cooperative.

Ultima produces the iögo brand yogurt in Canada.

Agropur takes over Agrifoods' share in Ultima Foods

By Jim Cornall

Canadian dairy cooperatives Agropur Cooperative and Agrifoods International Cooperative Ltd. have concluded an agreement whereby Agropur will become the sole owner of Ultima Foods Inc.

Arla is moving production of its white mold cheese from Lillebælt Dairy to Troldhede Dairy.

Arla closing Lillebælt dairy

By Jim Cornall

Danish dairy cooperative Arla Foods is moving production of its Castello brand white mold cheese to its Troldhede dairy location, resulting in the loss of 66 jobs at Lillebælt Dairy, which will close by the beginning of 2019.

Some Murray Goulburn products are being dropped as the closure of three plants draws near.

Murray Goulburn axing products as job cuts loom

By Jim Cornall

In a letter to suppliers, Australian dairy company Murray Goulburn Co-operative Co. Limited (MG) said it is discontinuing several products as job losses take place.

The acquisition will give Lait Kaiser a 30,000-square-foot-facility with its own milk run to expand production.

Lait Kaiser and Cult Yogourt to takeover Chagnon Dairy in Quebec

By Mary Ellen Shoup

Lait Kaiser and Cult Yogourt of Quebec have purchased the assets of Chagnon Dairy, a local creamery and milk brand, to help strengthen manufacturing of Lait Kaiser to expand Cult Yogourt’s portfolio to include more innovative dairy products. 

Parmalat has acquired cheese making companies in Chile to expand in the region. Pic: ©iStock/mtrommer

Parmalat acquires cheese firms in Chile

By Jim Cornall

Parmalat S.p.A. has announced that its La Vaquita Holding S.p.A. subsidiary has acquired some companies in the Chilean cheese sector.

The deal to sell Danone Chile to Watt's has been approved by Chile's FNE.

No issues for Danone Chile takeover

By Jim Cornall

Chile’s Fiscalia Nacional Economica (FNE), the country’s competition authority, has said that a takeover of Danone Chile by Watt’s can go ahead.

AGRANA Fruit has purchased Argentinian company Main Process, which prepares fruit for yogurt and ice cream.

AGRANA Fruit acquires Argentinian company Main Process

By Jim Cornall

Austrian fruit processing company AGRANA Fruit, part of the AGRANA Group, has consolidated its presence in the South American market through the acquisition of 100% of the shares in Main Process S.A., a producer of fruit preparations.

Mead Johnson has agreed to a Reckitt Benckiser takeover deal.

Mead Johnson Nutrition agrees Reckitt Benckiser takeover

By Jim Cornall

Reckitt Benckiser Group plc (RB) has signed a merger agreement with Mead Johnson Nutrition Company (Mead Johnson) under which Mead Johnson shareholders will receive $90 in cash for each share of common stock, valuing the total equity at $16.6bn.

Marmum Dairy has been sold by Dubai Investments PJSC to Elite Agro. Pic: ©iStock/Somchaij

Elite Agro takes over Marmum Dairy in UAE

By Jim Cornall

Dubai Investments PJSC has announced that its wholly-owned subsidiary Dubai Investments Industries has divested its 100% stake in Marmum Dairy Farm and its distribution unit United Sales Partners (USP) LLC to UAE-based Elite Agro LLC, a subsidiary of...

Hochland SE has acquired US company Franklin Foods. Pic: ©iStock/Azure-Dragon

Hochland SE acquires Franklin Foods

By Jim Cornall

Florida-based Franklin Foods Holdings (Franklin), which produces cream cheese, has been taken over by German cheese company Hochland SE.

Ornua has acquired US ingredients company CoreFX Ingredients for approximately $5m.

Ornua acquires US dairy ingredients business CoreFX

By Jim Cornall

Ornua, Ireland’s largest exporter of Irish dairy products, has acquired the CoreFX Ingredients division of MCT Dairies, Inc. and a powder ingredient production facility in Orangeville, Illinois. 

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