Kerry Group selects new CEO
The board of the Irish food and ingredient manufacturer has chosen Edmond Scanlon, the current chief executive of the group’s Asia-Pacific operations, to become the new CEO.
Archives for February 22, 2017
TINE and Tetra Pak investigated by Norwegian crime unit
Dairy cooperative TINE SA has contacted the Norwegian authorities after a report in a local newspaper Dagens Næringsliv (DN) claimed to have exposed an improper supplier relationship between TINE and Tetra Pak.
Grupo LALA posts solid Q4 results with plans to invest in US and Central America for 2017
Mexico-based Grupo LALA registered a 14.6% sales increase for the fourth quarter of 2016 posting $720m (14.5bn pesos), up from $620m (12.5bn pesos) for the same period last year.
Arla profits grow despite revenue decline
Danish dairy co-operative Arla Foods has released its 2016 financial results, which show a decline in revenue as a result of the global price environment, but due to moving more milk from bulk to brands, net profit grew 20.7% to €356m ($374m).
Company to sell 60% stake in Dairy Ireland to Irish co-op
Strong results reiterate Glanbia's nutrition focus; as firm announces Dairy Ireland spin-off
Glanbia reported better than expected growth in 2016 with performance nutrition driving revenue and profits, said the firm as it announced the part sell-off of its Irish dairy business.