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…

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…

Zimbabwean government partners private investors to boost milk production

ZIMBABWE – The government of Zimbabwe is set to partner investors in the private sector to facilitate implementation of a comprehensive strategy that seeks to boost milk production in the country. The move is part of the government’s intervention to progressively reduce the 44.6 million litres milk supply deficit depicted in the country’s production of…

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,…

Brimstone exits Clover buyout deal following criticism from anti-Israel group

SOUTH AFRICA – Brimstone Investments Corporation, a South African investment firm has announced that it will not participate in the US$343.95 million acquisition deal of South Africa’s largest dairy firm, Clover Industries. Brimstone’s decision to pull out from the deal follows continued pressure arising from criticism by the lobby group Boycott, Divestment, Sanctions (BDS) South…

Egypt’s Arabian Food Co reports 151% growth in profits as sales surge

EGYPT – The Arabian Food Industries Co, an Egyptian food and beverage company popularly known as Domty, has announced 151% growth in consolidated profits toUS$8.93 million (LE154.6m) during 2018 financial year up from US$3.55 million (LE61.5m) posted in 2017. The Egyptian Stock Exchange listed firm posted increase in sales to US149 million (LE2.58bn) in the…

Danone sells US organic salads business Earthbound to Taylor Farms

USA – Danone has announced that it has reached an agreement to sell its US organic salads business Earthbound to California-based Taylor Farms for an undisclosed sum. The company said the divestment is part of its portfolio management and capital allocation optimization strategy. Earthbound Farm is said to have registered US$400 million in annual sales…

Granarolo buys majority stake in Italian cheese company Venchiaredo

EUROPE – Italian dairy company Granarolo has acquired a majority stake in Venchiaredo, a producer and distributor of cheese products for an undisclosed amount. Granarolo which makes fresh milk and dairy-cheese, dry pasta, deli meats and vegetable foods has increased its stake in the Italian firm from 33.5% to 57.5%. Founded in 1968 and is…

Müller reduces milk and cream range to reduce food and plastic waste

UK - Müller Milk & Ingredients (MMI) has unveiled intentions to remove up to 40% of its 835 fresh milk and cream SKU’s (Stock Keeping Unit) in the UK as part of the ambitious goal to cut on both food and plastic waste. This is part of MMI’s Darwin project launched in February to promote…