Emmi increases stake in Emmi Ambrosi France from 51% to 85%

FRANCE – Emmi, a Swiss milk processor and dairy products company, has increased its stake in Emmi Ambrosi France, a packaged cheese joint venture in France, from 51% to 85%. According to FoodBev, the business was founded in 2008 following a collaboration between Emmi and Italian cheese specialist Ambrosi, as the companies aimed to offer…

Green Plains to acquire Bartlett’s US cattle feed business for US$16m

USA - Green Plains, the parent company to feedlot firm Green Plains Cattle Co., has signed a definitive agreement to acquire Kansas based Bartlett Cattle Co’s cattle feeding operations in Sublette, Kansa and those in Tulia, Texas for US$16 million. The transaction also will involve a working capital of US$109 million. According to World Grain,…

Thai dairy company Nutridor forms partnership to expand into the Cambodian market

ASIA - Nutridor, a dairy products manufacturer, has formed a new partnership that will see it introduce its Abevia Gold sweetened beverage and evaporate creamers to the Cambodian market. The dairy producer will hand over the marketing marketing and sales, merchandising, distribution and logistics of the products to DKSH Business Unit Consumer Goods, a market…

UAE issues new labeling and licence regulations for dairy and beverages

ASIA- The United Arab Emirates (UAE) cabinet has issued regulations for the dairy, beverages and juice categories, requiring licencing of companies as well as proper labeling of the products to ensure conformity to standards. The two regulations cover the UAE regulatory system for the monitoring of milk and dairy products, and on the monitoring of…

China dairy firm Yili to acquire Pakistan’s Fauji Foods Limited

CHINA - A China-based dairy firm, Yili, has expressed its intention to acquire a majority stake with management control in Fauji Foods Limited (FFL), known for its Nurpur brand, according to a notice to the Pakistan Stock Exchange (PSX). According to Express Tribune, Inner Mongolia Yili Industrial Group Company Limited, will hold talks to acquire…

Grupo Lala appoints former AB InBev executive Mauricio Leyva Arboleda as new CEO

MEXICO - Mexico’s dairy company Grupo Lala has named former AB InBev executive Mauricio Leyva Arboleda as its new CEO, replacing current chief executive Scot Rank as of 1 September 2018. According to FoodBev, Mauricio Leyva worked for more than 13 years at AB InBev, was president of its middle Americas zone and has been…

Mondelēz International reports 2.1% revenue increase in second quarter results

NEW ZEALAND - Mondelēz International, Inc., has reported 2.1% increase in net revenues, with organic net revenue growth of 3.5% in its second quarter 2018 results. According to the company, the operating income margin was 7.9%, down 270 basis points, while adjusted operating income margin was 16.7%, up 130 basis points. The diluted EPS was…

Kerry company cheese consumer demand shifts towards craft and artisan products

IRELAND - Kerry Taste & Nutrition, a leader in global food ingredients, has reported that its consumer demand in the cheese snack category is shifting towards craft and artisan products that are closely linked to real cheese and simple ingredients. The company said that larger and more established brands are losing market share and shelf…

Danone reports 4% sales growth in first-half results despite Moroccan boycott

FRANCE – Danone, a French multinational food-products corporation, has reported 4% increase in sales growth in its first-half year results despite Morocco being excluded. According to the company, the double-digit recurring EPS growth at constant exchange rate was up by 13.4% excluding Yakult transaction impact, with 4% increase in H1, 3.3% in Q2 on a…

San Francisco Equity Partners acquires Brazi Bites cheese bread brand

USA - San Francisco Equity Partners (SFEP), is a private equity firm focused on expansion-stage of technology companies, has announced that it has acquired a majority stake in frozen, gluten-free cheese-bread brand Brazi Bites. The company reported that the terms of the deal were not disclosed but husband and wife founders Junea Rocha and Cameron…