Tag: Lactalis

Lactalis increases stake in Italian dairy Parmalat to 95.81%

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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 in Parmalat through its fully-owned company, Sofil S.a.s said it purchased a block of 114,546,237 Parmalat shares representing 6.175% of the Issuer’s share capital, at a price equal to US$3.25 (Euro 2.85) per share. It…

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

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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 brand from Danone and the purchase of siggi’s, a U.S.-based maker of Icelandic yoghurt. According to a statement from Nestlé, Lactalis plans to establish Malaysia as the operations hub of its dairy business in Asia…

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

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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 to catapult the business forward. Altschul will oversee all aspects of the business, including bringing forth new go-to-market strategies and innovations, expanding distribution, and accelerating awareness and penetration growth. Prior to joining Siggi’s, Altschul was…

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

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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 to Aspen, will help reduce its debt since the deal is expected to close in the next six months. Additionally, Lactalis will receive any intellectual property and goodwill presently owned by Aspen Holdings and Pharmacare…

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

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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 the year 2017. Danone slipped to the third place after several divestments including sale of Stonyfield on acquisition of WhiteWave; reducing 14% stake in Yakult to enhance organic growth and maximize efficiencies towards 2020 and…

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Human errors involved in managing contaminated Lactalis’ baby milk

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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 had been supplied with the product sparking a wave of confusion between them and the dairy producer. However, the retailers admitted that there were isolated mishandling cases in managing some of the products on their…

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Retailers say they continued to receive Lactalis baby milk after recall

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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 ill last year after drinking salmonella-contaminated milk produced at a factory in western France. Representatives from retailers Carrefour, Casino , Leclerc, Intermarche, Auchan, Systeme U and Cora, speaking at a hearing of the French Senate’s…

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

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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 was responsible for another outbreak in 2005. The company said it was possible other babies could have been affected by Lactalis products since then. In a newspaper interview published on Thursday, Lactalis CEO Emmanuel Besnier…

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Mass recall of French-made baby milk over Salmonella fears

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FRANCE – A tainted baby milk scandal affecting some 30 countries is growing, as French dairy giant Lactalis recalled millions more products globally because of fears of Salmonella contamination. Lactalis had already recalled several million baby milk products earlier this month. On Thursday, the company expanded the recall to all products made in its factory in Craon in western France since February “as a precautionary measure.” In a statement, Lactalis apologized to customers and said investigations confirmed the outbreak began after renovation work earlier this year at the Craon site.…

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Lactalis baby milk in global recall over Salmonella fears

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FRANCE – French baby milk formula maker Lactalis has ordered a global product recall over fears of salmonella contamination. Health authorities in France said 26 infants in the country have become sick since early December. The recall affects products and exports to countries including Britain, China, Pakistan, Bangladesh and Sudan. It covers hundreds of baby milk powder products marketed globally under the Milumel, Picot and Celi brands. Lactalis is one of the world’s biggest dairy producers. Company spokesman Michel Nalet told AFP “nearly 7,000 tonnes” of production may have been…

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