Lactalis Indian subsidiary gets CCI nod to acquire Prabhat’s dairy business

INDIA – The Competition Commission of India (CCI) has approved Tirumala Milk Products’ bid to acquire Prabhat Dairy's subsidiary Sunfresh Agro Industries as well as the company's dairy business. Tirumala Milk Products is a subsidiary of the French dairy corporation, Lactalis, providing and supplying dairy products including cream milk; curd cup and pouch; flavored milk;…

Lactalis acquires Egyptian cheesemaker Greenland Group

EGYPT – Lactalis, French giant dairy group has acquired Greenland Group for Food Industries, an Egyptian cheese maker and subsidiary of Middle East food company Americana Group. The move for Greenland was conducted through Lactalis' joint-venture facility, Lactalis-Halawa, just-food reports. In the statement announcing the deal, Lactalis said the acquisition will strengthen the joint venture's…

Lactalis increases stake in Italian dairy Parmalat to 95.81%

ITALY – French dairy products corporation, Lactalis has increased its stake in the Italian dairy and food counterpart to 95.81% with the transaction expected to complete December 5, 2018. The company is also planning to delist Parmalat ordinary shares from the Italian Stock Exchange and take the company private. Lactalis, which previously owned 89.63% stake…

Nestle Malaysia to sell chilled dairy business to Lactalis for US$40m

MALASYIA - Lactalis, the world’s largest dairy firm, haS agreed to buy the chilled dairy business of Nestle in Malaysia, which generates revenues of US$24 million, in a deal worth around US$40 million. According Reuters, the deal is expected to take effect next January, following the earlier acquisition by Lactalis of the Stonyfield organic yoghurt…

Siggi’s appoints Carlos Altschul as new CEO replacing Bart Adlam

USA - Siggi’s, the Lactalis-owned maker of Icelandic-style yogurt, has appointed Carlos Altschul as its new CEO, replacing Bart Adlam who has left the company to pursue a new business opportunity. According to the company, with the rise in consumer demand for cleaner, higher-quality foods with lower sugar, it views this as the optimal time…

Drugmaker Aspen sells baby formula unit to French dairy group Lactalis for US$860m

SOUTH AFRICA - Aspen Pharmacare, the South African pharmaceuticals concern firm and Africa’s largest drug company has agreed to sell its infant formula business to French dairy group Lactalis International for US$864 million (12.9 billion Rand) as it seeks to cash on the division, reports Bloomberg. The acquisition will be funded by cash and according…

Nestle, French Lactalis, Danone tops the Dairy Top 20 list in Rabobank’s report

WORLD - The Global Dairy Top 20 list has seen no new entrants but shifts in positions, topped by the world’s largest food and beverage company Nestle SA, then French Lactalis which swapped places with Paris based food products corporation, Danone. Their combined turnover was positively impacted by dairy price recovery which increased 7.2% in…

Human errors involved in managing contaminated Lactalis’ baby milk

FRANCE - French retailers have blamed human errors to be involved in managing the contaminated Lactalis baby milk, a position they have defended concerning the Lactalis baby milk scandal. The retailers, who included representatives from Carrefour, Casino, Leclerc, Intermarché, Auchan, Système U and Cora said that despite Lactalis’ move to recall its baby milk, they…

Retailers say they continued to receive Lactalis baby milk after recall

FRANCE - French retailers, defending their role in a contaminated baby milk scandal on Wednesday, said they had received products after the recall deadline and that communication by dairy producer Lactalis was confusing. Lactalis, one of the world's largest dairy groups, recalled 12 million tins in France and around the world after babies were taken…

Lactalis admits its milk could have been tainted for more than 10 years

FRANCE - The French dairy group at the centre of a baby milk scandal, Lactalis, has admitted some of its products may have been tainted over more than a decade. Millions of boxes of powdered milk have been recalled worldwide following a salmonella outbreak last year. Researchers say that the exact same strain of salmonella…