Four-year plan sees Granarolo target acquisitions and €1.6bn turnover
Italian dairy company Granarolo says it is pursuing a €1.6bn turnover as part of a four-year growth plan that will see the firm pursue more acquisitions both at home and internationally.
Kerry’s acquisition of Cargill’s flavour systems for €168m ($230m) is by no means transformational but will boost the Irish ingredient firm’s beverages and dairy flavours portfolio, claims an analyst.
Lat Bri purchase sees Granarolo top €1bn turnover
Granarolo has ramped-up its presence within the EU dairy sector by acquiring Italian cheese producer Lat Bri, in a move that will take its turnover above €1bn.
Arla confident despite Allgäuland takeover setback
Arla Foods remains confident that its ‘take it or leave it’ takeover bid for Southern German dairy co-op Allgäuland-Käsereien will succeed, despite its initial rejection.
Constantia has completed a deal to take over a Turkish flexible packaging outfit in a bid to boost growth in developing markets such as the Middle East, North Africa and parts of Eastern Europe.
Unilever enters Bulgarian ice cream market with new buy
Food giant Unilever has taken its first steps into the Bulgarian ice cream market by purchasing the country’s second largest in the sector.
FMC tipped to make hydrocolloid acquisition
FMC Corporation is looking to expand its food ingredients portfolio as it strengthens its already strong position in the hydrocolloids market.
Hydrosol to grow dairy portfolio with new buy
Hydrosol is to take over CCA Kilmmeck in its bid to become one of the world leading customized stabilizing suppliers for dairy products.
EU approval almost seals the Lactalis acquisition of Parmalat, according to an Italian analyst, who described the bid price as “fair”.
General Mills signs Yoplait acquisition agreements
General Mills has entered into definitive agreements to acquire a 51 percent controlling interest in French yogurt maker Yoplait and a 50 percent stake in a related entity that holds the global Yoplait brands.
Lactalis takeover bid rejected by Parmalat
Lactalis’ €3.4bn takeover bid for Italian dairy giant Parmalat has been rejected, following a “unanimous decision” by the firms’ board of directors in Milan yesterday.
Beechdean Farmhouse Dairy Ice Cream has bought Loseley Dairy Ice Cream’s brands out of administration, and revealed plans to double its own turnover to £20m within two years as a result.
Lactalis has mounted a €3.4bn takeover bid for Parmalat after government resistance frustrated its initial move to gain control of the company.
Danone's Russian dairy buy helps boost sales by 20 per cent
Danone’s new Russian dairy acquisition helped drive up Q1 sales by 20 per cent, the fastest quarterly growth the company has seen in three years.
Lactalis buys sizeable stake in Parmalat
Lactalis has acquired a 29 per cent share in Parmalat as the Italian government looks into ways of preventing the dairy company from falling into foreign hands.
Arla Foods aims for German top three as members vote for merger
The merger of Arla Foods and German dairy firm Hansa-Milch is now set to go ahead after members of both co-ops voted in favour of the tie-up.
IMA closes acquisition of Sympak dairy pack business
IMA head Alberto Vacchi has said he is very pleased with the ‘vivacious’ nature of the dairy packaging machinery sector having just completed the purchase of the dairy arm of Sympak Corazza Group.
Greek authorities approve Unilever ice cream buy
The Greek competition authorities have conditionally approved the purchase of a Greek ice cream brand by food giant Unilever.
DuPont’s €4.9bn acquisition of Danish probiotics and sweeteners specialist Danisco this week is vindication of the increasing economic viability of functional foods, according to analysts.
Schreiber Foods is to acquire Dean Foods’ customer-brand yoghurt business in a bid to increase the company’s production and distribution facilities.
Arla Foods in merger talks with German co-op
Arla Foods is in merger talks with the German dairy co-operative Hansa-Milch as it looks to broaden its portfolio and improve its negotiating position with customers in the country.
Arla in merger talks with German dairy co-op
Arla Foods has revealed that it is in merger talks with the German dairy co-operative Hansa-Milch.
RPC agrees takeover of Superfos for €240m
RPC Group has unveiled plans to acquire Superfos for €240m (₤205m) in a bid to boost its product portfolio, technical know-how, and geographical reach.
PepsiCo eyes dairy potential in Wimm-Bill-Dann acquisition
PepsiCo has revealed plans to acquire Wimm-Bill-Dann Foods in a $5.4bn deal that it sees as an opportunity to open up new dairy opportunities.
Silgan buys plastic closure manufacturer IPEC
Silgan Holdings announced this week that it has acquired IPEC, a plastic closure manufacturer that serves primarily the North American dairy and juice markets.
Danone to buy YoCream for $103m
Danone has signed an agreement to acquire YoCream, the leading producer of frozen yogurt in the US, for $103m.
General Mills agrees to buy Mountain High Yoghurt
General Mills agreed to buy the Mountain High Yoghurt business and Mountain High brand from Dean Foods, the company has said.
Emmi to further its foothold in Europe through Onken acquisition
Emmi is to gain the brand rights to Onken yoghurt as part of its wider plan to further its sales growth in the UK and Germany.
Vinamilk buys two GEA dairy processing lines
Vietnam-based Vinamilk has placed a €30m order with GEA Process Engineering for two complete dairy processing lines to be used in the production of infant formula.
Graham's grabs bigger share of milk market with Claymore buy
Scotland’s leading independent dairy business, Graham’s, has boosted its share of the regions’ milk market by buying out rival Claymore Dairies amid the current highly competitive trading environment for the sector.
Arla buys into Westbury joint venture
Arla Foods is to join First Milk and Milk Link as a shareholder in the joint venture company Westbury Dairies.
Amcor full year profits drop on Alcan takeover costs
Amcor said its full year profits fell by 13.5 per cent to A$182m (US$ 161.4m) as it revealed the cost of taking over rival Alcan was A$226m.
Lactalis gets EU backing in Puleva buy out
Lactalis has secured regulatory approval from the EU to buy Puleva Foods - the dairy arm of Spanish food giant Ebo Puvela.
ONC buys into new omega-3 technology
Ocean Nutrition Canada (ONC) has added a new microencapsulation technology to its offerings buy purchasing a five-year license to the fish oil business and encapsulation technology of Austrian tech firm, GAT Food Essentials.
Kerrygold Company and North Downs Dairy sign merger deal
Irish Dairy Board subsidiaries Kerrygold Company and North Downs Dairy are to merge their operations to create a £335m business called Adams Foods.
Top German dairy producer plans merger
Directors of Germany’s largest dairy company, Nordmilch, and Humana MilchIndustrie have proposed a merger to aid survival in a competitive international market.
Danone and Unimilk sign Russian merger deal
Danone and Unimilk have agreed to merge their Russian and CIS dairy businesses to create a new entity with annual sales of about €1.5bn.
R&R buys into French ice cream market
R&R Ice Cream is expanding its reach abroad with the planned acquisition of France’s third largest ice cream manufacturer.
Emmi to buy Fromalp in international cheese push
Emmi has signed an agreement to buy specialty cheese producer Fromalp in an effort to further boost its international sales.
Mocon buys into Irish bioscience firm
Mocon Inc has prioritised the development of a pathogen screening process for a range of foods after announcing it has acquired a 16.9 per cent stake in Irish company Luxcel Biosciences Ltd.
FrieslandCampina fulfills last merger condition with Bleskensgraaf sale
All the conditions set by the European Commission for the merger of Friesland Foods and Campina have been approved.
NIZO management buy-out breaks with the past
The management of NIZO Food Research has reached an agreement with the NIZO foundation to buy out 100 per cent of the shares in the research company, bringing to an end over 60 years of connection to the dairy industry.
Saputo completes acquisition of F&A Dairy of California
Saputo, the largest dairy processor in Canada, has completed its $44.5 m acquisition of F&A Dairy of California, which manufactures mozzarella, provolone and whey products.
Arla completes FrieslandCampina buy
Arla Foods says it will immediately begin integrating the fresh dairy operations of FrieslandCampina into its own operations after obtaining regulatory approval from Dutch and European authorities.
Campina and Friesland get merger green light
Dairy co-ops Campina and Friesland are to become one at the end of this year, following competition clearance subject to conditions, and a favourable final vote by the councils of both.
Danisco spies cardiovascular potential in beta-glucan buy
Danisco, hungry to boost its presence in cardiovascular health, has taken a minority stake in a New Zealand-based manufacturer of what it claims is a high concentrate beta-glucan.
New EU proposal aims to make mergers, divisions simpler
The European Commission has published a new proposal to simplify company mergers and divisions, thereby reducing the administrative burden, especially for SMEs.
Growth hormone buyer eyes milk supply potential
Monsanto has found a buyer for its bovine somatotropin growth hormone, despite growing concern in the US over the use of such products in dairy cattle, as manufacturers continue to face commodity price uncertainty.
Danisco gets go-ahead for emulsifier buy
Danisco has obtained European approval for its planned acquisition
of ABF Ingredients' Abitec emulsifier business, which is expected
to strengthen its position in some key European markets.
Tetra Pak focuses on dairy solutions with acquisition
Swedish packaging firm Tetra Pak has acquired the assets of two
Australian food processing companies, strengthening its portfolio
of solutions for cheese and dairy powder.