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.
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 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.
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’ €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 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.
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.
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.
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.
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.
Silgan Holdings announced this week that it has acquired IPEC, a plastic closure manufacturer that serves primarily the North American dairy and juice markets.
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.
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.
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.
Directors of Germany’s largest dairy company, Nordmilch, and Humana MilchIndustrie have proposed a merger to aid survival in a competitive international market.
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.
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, 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 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.
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, 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.
The European Commission has published a new proposal to simplify company mergers and divisions, thereby reducing the administrative burden, especially for SMEs.
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 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.
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.
