Investment

Afreximbank said the investment is an opportunity to develop local manufacturing capacity in Mauritania. Pic: Getty Images/mtcurado

Investment made to boost dairy production in Mauritania

By Jim Cornall

African Export-Import Bank (Afreximbank) has announced an investment by the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, into TND SA, an FMCG company in Mauritania.

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.

Peak Rock acquires Berner Food & Beverage

Peak Rock acquires Berner Food & Beverage

By Jenny Eagle

Peak Rock private equity firm has acquired Berner Food & Beverage, which manufactures private label cheese dips, salsa con queso, alfredo sauce, aerosol cheese products and coffee and latte-based beverages.

Avantium $50m deal 100% PEF bottle

Investment from Swire, The Coca-Cola Company, Danone and ALPLA

Avantium closes $50m deal to create 100% PEF bottle

By Jenny Eagle

Avantium has closed a financing round of $50m from a consortium including Swire Pacific, The Coca-Cola Company, DANONE, ALPLA, and existing shareholders to advancing PEF packaging material.

Nestlé plans to sell underperforming brands

Nestlé plans to sell underperforming brands

By Caroline SCOTT-THOMAS

Nestlé CEO Paul Bulcke told an investor meeting on Tuesday that the company intended to divest some of its brands and shake up its portfolio.

Copyright Can Stock Photo

Dispatch from IPA 2012

Manufacturers' 'bold gamble' on R&D

By Rod Addy

European food and drink manufacturers are making a "bold gamble" on research and development (R&D) investment in the tough economic climate, according to results from the latest IPA 2012 survey.

Nestlé 9-month sales up 11%

Emerging markets continue to drive Nestlé sales

By Oliver Nieburg

Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.

Amcor profits rise on steady demand and cost cuts

Amcor profits rise on steady demand and cost cuts

By Rory Harrington

Amcor said strong performance across the board in its flexible and rigid packaging divisions fuelled a 14% profit increase in the first half of the year as recent acquisitions of Ball and Alcan continued to reap rewards.

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