FrieslandCampina sells cream liqueurs unit Creamy Creation to Wagram

NETHERLANDS – Dutch dairy multinational, FrieslandCampina has reached an agreement to sell its cream liqueur manufacturer Creamy Creation to Dutch investment company Wagram Equity Partners (Wagram). The transaction whose details were not disclosed includes the production of cream liqueurs in Rijkevoort and sales office in Paramus (the United States of America).    The company said…

Danone reports 0.8% rise in first-quarter sales, maintains full-year outlook

FRANCE – Global dairy giant, Danone has reported 0.8% increase in first-quarter sales to US$6.89 billion (€6.13 billion), confirming 2019 full-year profit guidance. The company expects like-for-like sales growth of around 3% and recurring operating margin of more than 15% in the year 2019. Consolidated sales during the quarter were boosted by a 3% rise…

FSIS proposes to remove dual labeling for some meat and poultry products

USA - The Food Safety and Inspection Service of the U.S. Department of Agriculture has proposed to remove dual labeling requirements for certain amounts of meat and poultry products. This involves duplicative net weight and net content requirements for packages that contain certain amounts of meat or poultry products. The proposed regulation would apply to…

Muller invests in Milk & More delivery fleet to expand UK operations

UK – Dairy company, Muller has announced that it is set to invest in its milk delivery service, Milk & More by expanding its fleet of electric vehicles for more deliveries in the UK. The company said it is rolling out 160 new environmentally friendly electric delivery vehicles, taking its fleet to just over 500…

Barry Callebaut achieves traceability of a third of its global cocoa volume

SWITZERLAND – The Swiss cocoa and chocolate company, Barry Callebaut has said that it has established traceability for a third of its global cocoa volume, bringing it closer to achieving its ambitious cocoa sustainability goals. By 2025, the company aims to source 100% of the group’s ingredients sustainably by 2025. This commitment is supported by…

Global wine production on record high, Italy remains largest producer

WORLD - Global wine production reached record high level at 292.3MHL (millions of hectolitres) in 2018 as Italy remains the world’s largest producer, according to recent report by the International Organisation of Vine and Wine (OIV). The year’s production was exceptionally high compared to last year when production registered 8.2% decline to 246.7 MHL, with…

Saputo completes acquisition of Dairy Crest for US$1.2b

UK – Canadian dairy company, Saputo has announced that it has completed the acquisition of Dairy Crest, a United Kingdom-based milk products company in a transaction valuing the company at US$1.2 billion (£975 million). Dairy Crest adds Saputo a portfolio of cheese, butters, spreads and oils under leading British brands, such as Cathedral City, Clover,…

Kenyan retailer Uchumi Supermarkets banks on franchising to drive growth

KENYA – Kenya based retailer, Uchumi Supermarkets, has unveiled plans of franchising more of its branches across the country in a move that aims at enabling the retailer recover its performance and grow its business. Speaking while handing over its Nairobi West branch that will see the outlet operated by a franchisee Uchumi Supermarkets chief…

South Africa’s Kaap Agri reports 28.7% growth in revenues as conditions rebound

SOUTH AFRICA - Kaap Agri, South Africa’s agricultural retailing and service company, has reported a 28.7% growth in revenues to R4.4bn in the six months to end March 2019 supported by drought recovery in some operating regions. The Johannesburg Stock Exchange (JSE) listed firm however, said that gross profit in relation to revenue growth did…

Kenyan online eatery EatOut partners Indian firm in expansion drive

KENYA – EatOut, a Kenyan based eatery discovery service has partnered DineOut, Indian firm in the launch of a regional restaurant platform dubbed as InResto as they seek to tap a wider market in the region. According to a report by Business Daily, the partnership will see EatOut launch the Dineout’s restaurant technology platform for…