General Mills, Inc. (NYSE: GIS) has announced definitive agreements to divest its North American Yogurt business to Lactalis and Sodiaal, two prominent French dairy companies, in deals totalling $2.1 billion USD. Following regulatory approval, the transactions are expected to close in 2025. The U.S. business will be acquired by Lactalis, while Sodiaal will take over […]
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 […]
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 […]
Lactalis acquisition of siggi’s : French dairy giant Lactalis has struck a deal to acquire siggi’s, a yogurt manufacturer in USA for an undisclosed price as per the latest food acquisition news. Headquartered in New York City, siggi’s is the maker of Icelandic style skyr yogurts which it says are prepared using simple ingredients with […]