DSM to acquire specialty dairy solutions provider CSK Food Enrichment for €150m

NETHERLANDS – Global bio-sciences company, Royal DSM has reached an agreement to acquire specialty dairy solutions provider Koninklijke CSK Food Enrichment in a cash consideration of about €150 million (approximately US$166 million). DSM said that […]

Australia approves US$980m takeover of formula maker Bellamy’s by Mengniu

AUSTRALIA – The Australian government has conditionally approved the A$1.43 billion (US$980.27 million) takeover of organic infant formula producer, Bellamy’s by its Chinese peer, Mengniu Dairy. Among the conditions imposed to keep the company tied […]

Nestle, Carrefour expand blockchain traceability platfrom to infant formulas

FRANCE – Nestlé and French multinational retailer, Carrefour have agreed to extend the IBM Food Trust platform into infant formula products, after successfully applying the blockchain technology on mashed potato brand, Mousline purée. Nestlé and […]

Unilever reviews its Australia and New Zealand ice cream business unit

AUSTRALIA – Unilever has announced an extensive review of its Australia and New Zealand ice cream business unit as the company seeks to cushion the business from volatility in the ice cream market. The company […]

Dean Foods files for bankruptcy as declining milk consumption impacts performance

USA – Dean Foods, America’s leading milk producer, has filed for bankruptcy protection citing struggles in staying afloat in a market that is experiencing accelerating decline in the conventional white milk category. The DairyPure, TruMoo […]

Arla Foods to develop climate database enabling farmers reduce their carbon footprint

EUROPE – Danish dairy cooperative, Arla Foods is introducing a new Climate Check programme and comprehensive support to all its 9,900 farmer owners in Northern Europe aimed at accelerating their efforts to reduce their carbon […]

Arla Foods to invest US$88m in expanding its cheese production plant in Denmark

DENMARK – Arla Foods will be investing €80 million (US$88.15 million) in expanding production capacity of its Branderup Dairy mozzarella production plant in Denmark. The expansion project is scheduled to begin early 2020. It will […]

American investment fund The Rise Fund invests in Uganda’s Pearl Dairy

UGANDA – The Rise Fund, a global impact investment fund managed by American private equity firm, TPG Capital has acquired a 34% stake in Uganda’s leading dairy company, Pearl Dairy. Pearl, which markets its products […]

Dairy-free beverage start-up Mooala secures US$8.3m in funding to expand footprint

USA – Organic, dairy-free beverage and creamer maker, Mooala completed has closed its Series A funding that has seen the company raise US$8.3 million led by Sweat Equities. The funding round also counted several investment […]