Investment

Cows is the fourteenth dairy processor to be approved for funding support under the DPIF. Pic:Cows Creamery

Canada invests $2.6m in PEI dairy brand Cows

By Beth Newhart

The Government of Canada is investing in its dairy industry by awarding C$2.6m (US$2m) to Cows Inc., a dairy processor from the province of Prince Edward Island (PEI) that produces ice cream, cheese, butter and runs a line of ice cream parlors across...

Murray Goulburn, which produces the Devondale brand, says Saputo will address ACCC comments by divesting the Koroit plant to allow the takeover of Murray Goulburn to continue.

Saputo will sell plant to address ACCC concerns

By Jim Cornall

Following the Australian Competition and Consumer Commission’s (ACCC) comments over a potential lack of competition should Saputo’s purchase of Murray Goulburn go ahead, the Canadian company has said it will sell the plant in question so its takeover...

Arla is making a '13th payment' to its members.

Arla to distribute ‘13th payment’

By Jim Cornall

Arla Food’s board of representatives has voted to distribute €124m ($131m) to its farmer-owners as the annual supplementary payment, also known as the 13th payment. On average, that amounts to one eurocent per kilo of milk supplied by each farmer.

Dairy and ice cream producers Food Union Group will have two operational plants in China in 2018. Pic: ©iStock/CharlieAJA

Food Union Group receives $225m investment

By Jim Cornall

Latvia-based Food Union Group, an international group of dairy and ice cream producing companies in Northern Europe, has received a combined $225m investment from Asian private equity firm PAG, and Meridian Capital, an existing investor.

Agropur announced its results at the 77th AGM

Agropur reduces costs and boosts profits

By Jim Cornall

Canada’s Agropur Cooperative has announced revenue and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increases for the 10th consecutive year.

Qalaa sells off F&B assets in $10m deal

Qalaa sells off F&B assets in $10m deal

By Eliot Beer

Egypt’s Qalaa Holdings has sold a mothballed cheese company and the Sudanese division of its sweets producer in deals totalling almost US$10m, the group announced this month.