Danone said that it will consider a possible sale among other strategic options for its organic dairy activity in the US, which includes the Horizon Organic and Wallaby businesses. The French food company said that the move is a further step in the review of its portfolio and asset rotation program, which it revealed last […]
John B. Sanfilippo & Son, a US-based nut and dried fruit-based products processor, packager, marketer and distributor, has acquired the Just the Cheese brand business from Specialty Cheese Company for an undisclosed price. The transaction was funded via the existing bank credit facility of John B. Sanfilippo & Son. Just the Cheese is an American […]
Fonterra and Nestlé have reached a deal to sell their Brazilian joint venture — Dairy Partners Americas (DPA) to Lactalis for BRL 700 million ($132.2 million). The deal, which is subject to regulatory authority approvals, is likely to close by mid-2023. Dairy Partners Americas was formed by Fonterra and Nestlé in 2003 for manufacturing and […]
Vietnamese dairy company Vinamilk will construct two new dairy factories in Vietnam in the Hung Yen and Sơn La provinces, to increase its manufacturing capacity by 20%. The proposed investment is expected to help Vinamilk strengthen its supply chain and meet the projected demand, both domestic and export, over the next two to three years. […]
Dodla Dairy has reported a profit after tax of INR 39.4 crores for the second quarter of the fiscal year 2023 ended 30 September 2022 (Q2FY23), an increase of 34.2% reduction, compared to a profit after tax of INR 29.4 crores made in the same quarter of FY22. The earnings per share (EPS) of the […]
French food company Danone has decided to begin a process of transferring the effective control of its essential dairy and plant-based business (EDP business) in Russia. According to Danone, the decision is appropriate for ensuring local business continuity in the long term for its employees, partners, and consumers. However, the transaction may end up in […]
Emmi Group, a Swiss dairy products manufacturer, said that majority shareholders in Italian cheese company Ambrosi including the company have agreed to sell the business to the Lactalis Group. The financial terms of the deal were not announced by Emmi, which holds a 25% stake in Ambrosi. According to Emmi Group, the deal, on its […]
Darigold, a Seattle-based dairy company, said that it has resumed partial production of butter at its Caldwell facility in Idaho, which was closed since 12 October 2021 owing to a fire accident. The incident had considerably damaged the production capability of the 91-year-old dairy production facility, which has been producing butter and powdered milk products. […]
Wide Open Agriculture Limited (WOA), an Australian food and agriculture company, has signed a distribution deal with Metro Alliance for the sale of oat milk under the former’s Dirty Clean Food brand in Hong Kong and Macau. Dirty Clean Food’s oat milk is said to be produced with regeneratively farmed oats. Based in Hong Kong, […]
BiaVest, a specialist food investment group, and Development Capital have agreed to jointly acquire Nomadic Dairy based in Ireland in a deal worth up to €29 million from Donegal Investment Group. The consideration includes up to €6 million in contingent payment based on the FY 2022 financial performance of Nomadic Dairy. BiaVest will acquire a […]