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.
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).
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.
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.
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.
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.
Murray Goulburn Co-operative (MG) reported a 10% loss in revenue equivalent to AU$371m (US$293m) for the full year ending June 30, 2017, largely driven by a decline in fluid milk sales.
Dean Foods is closing one of its fluid milk processing plants, PET Dairy, in Richmond, Virginia, as part of its company-wide plan to consolidate operations.
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.
German dairy cooperative Deutsches Milchkontor eG (DMK) is closing three of its plants as it responds to the 2016 reporting period, which it called a ‘crisis year.’
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.
Multiple US dairy groups have blasted Canada recently saying that the country is blatantly violating terms of the NAFTA trade agreement and that US dairy processors are suffering due to lost Canadian purchases of ultrafiltered (UF) milk.
The US dairy industry has faced labor shortage issues for years, but the situation may become more unfavorable under the Trump Administration as its immigration policies will likely hit the immigrant-reliant dairy industry hard, NMPF president and CEO...
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.
New Zealand supplement and health food manufacturers are likely targets for merger and acquisition activity over the next year, with private equity firms, notably from China, increasingly looking to splash the cash.
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.
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.
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...
Agropur posted nearly C$6bn (US$4.6bn) in total revenue for the full year ending Nov. 1, 2016, almost the same as its revenue from 2015 when the company registered C$5.9bn (US$4.5bn) in total sales.
Canadian dairy cooperative Agropur has acquired assets of Scotsburn Cooperative Services, expanding its presence in the ice cream and novelties market.
Reckitt Benckiser Group plc (RB) has confirmed it is in ‘advanced negotiations’ to acquire all Mead Johnson Nutrition shares for $90 each in cash, valuing Mead Johnson’s entire share capital at approximately $16.7bn.
Arla, the farmer-owned dairy company and UK’s largest cheese manufacturer, has officially opened a new facility for the storage and maturation of its cheese.
The acquisition of WhiteWave by international dairy giant Danone has received final clearance by the European Commission under the EU Merger Regulation.
A joint venture between Dean Foods Company and Organic Valley will bring the independent farmer cooperative’s dairy products to more US stores through Dean’s extensive refrigerated distribution network.
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.
Canadian company Gay Lea Foods Co-operative Limited has announced it has entered into an agreement to acquire the business of The Stirling Creamery Limited, effective November 1, 2016.
