Maghreb Private Equity Fund IV acquires additional stake in Tunisian Cheese maker Land’Or

TUNISIA – Maghreb Private Equity Fund IV (MPEF IV) has acquired 1.8 million new shares, representing 16.20% of the capital of the Tunisian agrifood firm Land’Or. This acquisition allows the private equity fund dedicated to […]

Arla Foods to invest US$88m in expanding its cheese production plant in Denmark

DENMARK – Arla Foods will be investing €80 million (US$88.15 million) in expanding production capacity of its Branderup Dairy mozzarella production plant in Denmark. The expansion project is scheduled to begin early 2020. It will […]

Arla Foods to invest US$55m in newly opened cheese production site in Bahrain

BAHRAIN – Danish dairy company, Arla Foods has inaugurated a state-of-the-art cheese production site in the Kingdom of Bahrain to enable the company meet the increasing demands for dairy in the Middle East and North […]

Kraft Heinz leads seed funding in animal-free cheese maker

USA – New Culture, maker of animal-free dairy cheese has closed a US$3.5 million seed funding round led by Evolv Ventures, the Kraft Heinz’s US$100 million venture fund. New Culture, which was founded in late […]

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’ […]

Royal DSM launches new line of cultures for Spanish Castellano cheese

NETHERLANDS – Royal DSM has developed a new range of cheese cultures, Delvo Cheese CT-500 Castellano, a cheese culture for creating Spanish Castellano-type cheese. The new culture was especially developed to create the highly specific […]

FDA to examine use of ‘milk, cheese, and yogurt’ terms in labeling plant-based products

USA – The Food and Drug Administration (FDA) of the United States is reviewing the use of dairy food names like ‘milk’, ‘cheese’, ‘yogurt’ in the labeling of plant-based food and beverages. The FDA is […]

Synlait doubles profit in tenth year of operations with new tax after profit of US$74.6m

NEW ZEALAND – Synlait, a dairy processing company, has reported a net after tax profit (NPAT) of US$74.6 million, almost double the NPAT of US$39.5 million announced for the same period last year. According to […]