Bega Cheese has agreed to acquire Lion Dairy & Drinks for AUD560 million ($412 million) from Australian food and beverage company Lion, which in turn is a subsidiary of Japanese beverage company Kirin Holdings. Part of the sale are all the white milk, milk-based beverages (MBB), yoghurt, juice and water ice brands and assets of […]
Milkio Foods, a New Zealand-based dairy products supplier, has formally rolled out its Milkio organic grass-fed ghee in Dubai, UAE. The organic ghee will be sold by UAE-based fruit and vegetable wholesaler Kibsons International. Milkio Organic ghee will be highlighted as a premium organic ghee Dubai in the retailer’s dairy product section, said Milkio Foods. […]
New Zealand dairy giant Fonterra has agreed to divest its farms in China for a total of NZD555 million ($368 million) in two separate deals. Fonterra said that it had successfully developed the farms alongside domestic partners. According to Fonterra CEO Miles Hurrell, the sale of the farms will enable the company to prioritize the […]
Deutsche Bank, Banco BPM and other syndicate banks, have agreed to provide a loan of €27.5 million to Italian cheese company Ambrosi. Owned by Brescia Group, Ambrosi is said to specialize in the production and ageing of Grana Padano and Parmigiano Reggiano DOP cheeses. According to Deutsche Bank, the five-year loan is secured by Ambrosi’s […]
US food company Kraft Heinz has agreed to offload its natural, grated, cultured, and specialty cheese businesses to a US affiliate of French dairy giant Groupe Lactalis for $3.2 billion. The deal includes Kraft Heinz’s natural cheese businesses in the US, grated cheese business in Canada, and the complete international cheese business outside the two […]
Australian dairy company a2 Milk (a2MC) disclosed that it has offered to acquire a stake of 75.1% in Mataura Valley Milk (MVM), a New Zealand dairy nutrition company, from China Animal Husbandry Group, for about NZ$270 million ($176.86 million). The proposed deal is aimed at a2 Milk getting access to the manufacturing facility of Mataura […]
Vietnamese dairy company Vinamilk has launched its soymilk and milk tea products in South Korea as part of its expansion strategy in the country. Vinamilk’s soymilk, which has been launched in multiple variants such as almond, walnut, and red bean, along with milk tea are distributed by the company’s local partner – Vina Korea. Customers […]
Danish dairy company Arla Foods has opened a cheese production plant in Manama, Bahrain to address the growing demands for dairy in the Middle East and North Africa (MENA) region, according to the latest dairy industry news. Arla Foods will invest nearly €50 million ($55 million) in the cheese production factory in the next two […]
Fonterra Co-operative Group, a New Zealand multinational dairy co-operative, is planning to consolidate its specialty cheese production plants following poor annual financial performance for FY19. The co-operative, with two specialty cheese production facilities sites operated by Fonterra Brands New Zealand, will move its Te Roto operations to Eltham Bridget Street. Fonterra announced its FY19 annual […]
US dairy company Borden has released new Borden Kid Builder, the firm’s first 2% no-sugar-added milk for kids, as per the latest dairy industry news. The dairy product with 50% more protein (13g per 240mL serving) and calcium (490mg per 240mL serving) than regular milk is made from non-rbST treated cows. Nick Suffredin – vice […]