After several months of back and forth following the Dean Foods bankruptcy, the Dairy Farmers of America (DFA) co-op is acquiring a majority of its assets for $433m. Prairie Farms Dairy will also get a portion for $75m.
A mega-merger between International Flavors & Fragrances Inc (IFF) and DuPont nutrition & biosciences unit will create a new industry giant worth more than $45 billion (€40.4 billion), say those involved in the deal.
Froneri started as an ice cream-focused joint venture between Nestlé and PAI Partners in 2016, and the relationship will be furthered by the acquisition of Nestlé USA’s collection of ice cream brands.
One of the most well-known dairy companies in the US is prepared to sell its business after years of disappointing numbers. The Dairy Farmers of America (DFA) may be a potential buyer of the Dean Foods assets.
Wells Enterprises has announced its purchase of light ice cream company Halo Top. Wells already manufactures popular dessert brands like Blue Bunny, Bomb Pop and Chilly Cow.
In late June the Dairy Farmers of America (DFA) started a merger with St. Albans Cooperative Creamery. It also held the Demo Day for six agriculture and dairy startups in its third annual accelerator.
Peak Rock Capital has signed an agreement to acquire the Turkey Hill Dairy business from The Kroger Co., known for ice cream, refrigerated drinks and other dairy products. It marks Peak Rock’s eighth current investment in the food and beverage industry.
A disappointing fourth quarter for Dean Foods rounded out an under-performing 2018, causing the dairy giant to explore alternatives in its ‘business transformation.’ It is considering a joint venture, business combination or even a sale.
Cargill took a hit in its second quarter with a 20% drop in net earnings compared to the year-ago period. It cited a ‘world of uncertainty’ affected by the struggling US dairy industry and lingering trade wars throughout 2018.
French grain cooperative Axéréal will acquire Cargill’s malt business under the Axéréal malt subsidiary Boortmalt, affecting 15 global facilities and more than 500 people.
The Dutch Royal FrieslandCampina N.V., a global dairy brand, closes out a busy December with the announcement that it has acquired Best Cheese Corporation USA, importer and vendor of specialty cheeses. It’s the second US company it has picked up this...
Parmalat Group makes ‘significant investment’ in Canadian dairy with acquisition of the natural cheese division of Kraft Heinz Canada, including brands like Cracker Barrel, P'tit Quebec and aMOOza!.
Australian-style yogurt brand Noosa is merging into Sovos Brands, a CPG collector with an Italian portfolio and financial backing from Advent International.
The Center for Dairy Research (CDR), the Dairy Farmers of Wisconsin (DFW) and the Wisconsin Cheese Makers Association (WCMA) have come together to form the Dairy Food Safety Alliance to serve the Wisconsin dairy industry.
According to a report by Zenith Global, 2017 was another record year for food and drink industry transactions, with 727 registered in the bevblog.net mergers and acquisitions database, an average of almost 14 each week.
Murray Goulburn has asked the Australian Takeovers Panel to force Saputo to drop its recent “improved and simplified” offer for in-demand Warrnambool Cheese and Butter (WCB), and reinstate previously proposed special dividends.
While the world’s five biggest dairy players continue to maintain a firm hold on their positions for another year, Rabobank’s annual survey into the industry’s top 20 giants is notable for the ongoing rise of Chinese players and the slippage of US companies...
According to a recent market report, more than half of the consumer packaged goods (CPG) merger and acquisition (M&A) activity in 2012 involved food-based companies.
German dairy giant Deutsches Milchkontor GmbH (DMK) has been given the regulatory go-ahead to complete its acquisition of rival German private-label ice cream manufacturer, Roseneis.
Unilever has shown mixed progress over the past five years, according to Andrew Wood, senior research analyst for food and home & personal care products at Sanford C Bernstein, based on its predictions for the company made in 2007.
Dairy Crest's French branded spread business, St Hubert, is attracting a host of potential buyers, according to industry analysts - with private equity firms looking like favourites to complete an acquisition in excess of £300m.
The Australian competition watchdog confirmed it is probing Amcor’s proposed takeover of packaging company Aperio Group to see if the deal would damage competition in the domestic market.
Two big acquisitions shook up the annual list of the biggest global dairy companies from Rabobank, and could encourage others to pursue M&A opportunities.
One of NutraIngredients.com’s sister websites, www.foodmanufacture.co.uk, received a new look this week with a full redesign, daily dedicated news updates, easier navigation, and many new features.
This week, Flower Foods bakery continues its geographical expansion
plans with its acquisition of ButterKrust bakery, and Kellogg
acquires a major Chinese cookie company.
Danone remains tight-lipped over reports that it hopes to merge a
number of rival companies run by the founder of its Chinese joint
venture partner Wahaha into its own operations in the country.
Tetra Laval's anticipated acquisition of the cheese-making
equipment division of a UK-based firm will not be referred to the
Competition Commission (CC) after the Office of Fair Trading (OFT)
accepted proposals addressing competition...
Efforts to save money and make farm inspections more efficient in
the UK have seen the Dairy Hygiene Inspectorate merge with the
country's veterinary service this week.
The frozen desserts industry saw further European consolidation as
an equity firm swooped in to take Richmond Foods, Britain's largest
ice cream manufacturer.
US-based PepsiCo has engaged investment banks Morgan Stanley and
UBS to advise on a possible takeover of Danone, the French bottled
water, yoghurt and biscuits group, according to a report today
inthe Financial Times.
Arla Foods and Campina, two of Europe's largest dairy
co-operatives, have abandoned their much-hyped plans to merge,
after failing to secure the confidence of their respective boards,
Tom Armitage reports.
New Zealand dairy co-operative Fonterra, currently involved in a
bidding war for Australia's National Foods, has been told by the
Australian Takeovers Panel to issue a supplementary bidder's
statement about its possible...
Merger and acquisition activity in the US food industry plunged in
2002 - according to the US Food Institute - and both the
agricultural and dairy sectors have to proved to be no exception
