Fonterra to reduce stake in Chinese infant formula maker Beingmate

NEW ZEALAND – The New Zealand milk coorporative, Fonterra, has said that it will be reducing part of its 18.8% shareholding in Chinese infant formula manufacturer Beingmate. The company’s chief executive, Miles Hurrell, said the […]

Danone to invest US$26.5m in New Zealand’s Nutricia plant to reduce carbon emissions

NEW ZEELAND – French dairy giant, Danone has unveiled that it will be investing US$26.5 million (NZD40 million) in its Nutricia spray drying plant in New Zealand to help the site achieve carbon neutrality by 2021. According […]

BEEMilk to replace Brimstone Investment in Clover acquisition deal

SOUTH AFRICA – Brimstone Investment Corporation, a South African investment firm, has announced that BEEMilk will be replacing it in the proposed acquisition of Clover Industries, where it was set to hold a 15% stake. […]

Danone records sales growth in all units during second quarter

FRANCE – Danone posted a 2.5% increase in like-for-like sales in the second quarter as it was boosted by the performance of its baby food products in China. The company which owns brands such as […]

Global breakfast drinks market to reach US$83.83b by 2026

USA – Global breakfast drinks market including gluten-free, starch, lactose-free, high fibre and high protein is expected to reach US$83.83 billion by 2026, growing at a CAGR of around 4.9%, according to a new report […]

Dairy Farmers of America unveils 2019 accelerator program participants

USA – Dairy Farmers of America (DFA), an American milk cooperative has revealed participating companies for the 2019 DFA Accelerator program. The program supports startups in both ag tech and dairy food products to grow […]

Arla receives license for Kraft Heinz’s Middle East cheese business

DENMARK – Arla Foods has received a license to use the Kraft® brand in the Middle East after acquiring the cheese business from Mondelez International last year. The license agreement will run for a period […]

‘Health’ in plant-based dairy presents potential for brands, DuPont report

USA – DuPont Nutrition & Biosciences report reveals that the ‘health’ aspect in plant-based dairy alternatives presents a strong potential for brands seeking to meet consumer demand for nutritious products. In addition to health benefits, […]

Bubs Australia partners with Chinese mother and baby store Kidswant

CHINA – Bubs Australia has entered a strategic partnership with China’s leading mother and baby store chain, Kidswant as part of the strategy to expand into the Asian market. The partnership is part of the […]

Emmi increases stake in Brazilian dairy company Laticínios Porto

BRAZIL – Swiss dairy processor, Emmi has increased its stake in the Brazilian dairy manufacturer Laticínios Porto Alegre Indústria e Comércio S.A from 40% to 70%. The acquisition which is subject to regulatory approval gives […]