Land O’Lakes rebrands International Development unit to Venture37

USA – American agricultural cooperative, Land O’Lakes Inc has rebranded its agricultural development arm Land O’Lakes International Development to Land O’Lakes Venture37 to further bolster its global presence. Land O’lakes Venture 37 builds on the […]

Innovation key amidst changing consumer environment in US yogurt market- report

USA – The US yogurt market is experiencing significant dynamics as consumers continue to portray evolving habits, with focus shifting towards health and convenience among other driving forces. According to a new report from Innova […]

Private equity firm Actis acquires stake in Denny Mushrooms owner Libstar

SOUTH AFRICA – Private equity firm Actis has acquired 37.02% stake in South Africa’s owner of the Denny Mushrooms brand Libstar Holdings held by Abraaj Private Equity Fund IV (APEF IV). Last month APEF IV, […]

Egypt’s Dina Farms to invest US$22.4m in expanding dairy, feed production capacity

EGYPT – Dina Farms, Egypt’s largest private sector farm has announced a US$24.4 (EGP400 million) investment in its dairy farm and associated segments over the next three years to expand its production capacity. The investment […]

Kerry Group half year revenues grow 10.7% to US$4bn buoyed by acquisitions

IRELAND – Kerry Group, and Irish dairy cooperative, issued its financial results for the half year ended 30 June 2019 during which the groups revenue increased by 10.7% to US$4 billion (€3.6bn). The increase in […]

Organic Valley secures 100% renewable electricity in renewed sustainability drive

USA – Organic Valley, United States’ largest farmer-owned organic dairy cooperative, is set to meet its clean energy goals through the construction of a multi-site solar project that will supply 100% of its electricity requirements. […]

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 launches Activia Live Culture Smoothies range in UK

UK – Danone UK has introduced a new range of bottled Live Culture Smoothies to expand its Activa portfolio. Danone has launched two flavours orange fruit and veg & red fruit and veg with each […]

Yili completes takeover of New Zealand’s Westland Co-operative Dairy

NEW ZEALAND – Yili group, the state-owned Chinese dairy company, has finalised the acquisition of Westland Co-operative Dairy Company, an independent co-operative dairy company in New Zealand. In March this year, Westland entered into an […]

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 […]