Dairy Industry, Dairy Equipment, Milk Processing, Dairy Food, Milk ...
WEBIn a hotly-anticipated ‘elephant deal’, Häagen-Dazs owner General Mills has agreed to sell its US and Canada yogurt businesses, including brands Yoplait and Liberté. Low consumer awareness of dairy milk’s role as a dietary iodine source means there's untapped commercial opportunity to be explored through label claims.
Michigan Milk Producers Association to acquire Superior Dairy
WEBDec 7, 2021 · The Superior Dairy facility is located in Canton, Ohio. Superior Dairy, along with Creative Edge Design Group, Ltd., and LEL Logistics, Inc. will become wholly owned subsidiaries of MMPA effective December 31, 2021. The MMPA serves dairy farmers in Michigan, Indiana, Ohio and Wisconsin, handling approximately 5bn pounds of …
Medina Dairy and Freshways Dairy agree merger
WEBJul 22, 2021 · A new board and management structure will be put in place to oversee the merger, ongoing operations and strategic development of the combined business with Sheazad Hussain (currently chief executive of Medina Dairy) and Bali Nijjar (currently managing director of the Freshways group of companies), being appointed as joint managing directors.
FAO and Global Dairy Platform publish dairy sector climate change …
WEBFeb 4, 2019 · The FAO and Global Dairy Platform have published a report, ‘Climate Change and the Global Dairy Cattle Sector.’. calculated GHG emissions from the dairy sector over a ten-year period (2005-2015) and reports intensity reductions in all regions of the world based on a calculation it calls emissions intensity, which measures emissions per unit ...
DSM to acquire US dairy flavor company First Choice Ingredients
WEBSep 6, 2021 · Dutch-headquartered company Royal DSM has signed an agreement to acquire First Choice Ingredients, a supplier of dairy-based concentrates and savory flavorings for an enterprise value of $453m. The transaction represents an EV/EBITDA multiple of 19.8x based on the estimated 2021 adjusted EBITDA. The estimated 2021 sales amount to about $75m.
Lion Dairy and Drinks acquisition central to Bega Cheese financials
WEBAug 30, 2021 · The A$528m (US$385.5m) acquisition of Lion Dairy and Drinks, mostly funded by a A$393m (US$287m) net capital raise, saw Bega Cheese more than double in size in terms of both annualized revenue to approximately A$3bn (US$2.2bn), and employees to more than 4,000, expand its cold chain distribution network to now be one of the largest in the ...
Walmart warns on dairy prices as shoppers trade down on essentials
WEBMay 23, 2022 · Last month, US food inflation reached its highest level since 1981, rising 9.4%. Speaking to analysts during a conference call, Wal-Mart management noted that consumers who are feeling the pinch are trading down in ‘essential’ food categories, including dairy. “In proteins and dairy we see some switching from brands to private brands.
Froneri scoops Nestlé’s US ice cream division for $4bn
WEBDec 12, 2019 · In the same time frame, Nestlé USA’s turnover was about USD $1.8bn. Froneri will acquire leading dessert brands like Häagen-Dazs, Drumstick, Dreyer’s, Skinny Cow, Edy’s, Nestlé Ice Cream and Outshine. Nestlé USA is the second largest ice cream manufacturer in the US, and Froneri will now be the second largest ice …
Fonterra sets opening Farmgate Milk Price forecast and updates …
WEBMay 27, 2021 · Fonterra has narrowed its 2020/21 forecast Farmgate Milk Price range. Pic: Fonterra. Fonterra has announced an opening forecast Farmgate Milk Price range for the 2021/22 season of NZ$7.25 to NZ$8.75 per kgMS (US$5.29 to US$6.38), with a midpoint of NZ$8 per kgMS (US$5.84). It also narrowed its 2020/21 forecast Farmgate Milk …
High Desert to boost output and add new milk-protein …
WEBJul 29, 2021 · An Idaho dairy processor has undertaken an expansion that nearly doubles its output. The $50m project will allow Burley-based cooperative High Desert Milk to increase its annual butter output from 45m pounds to 85m pounds and add a new milk-powder product, MPC-70, to its portfolio. MPC-70 is …