Posted by Turgut Ziyal on Friday, July 30, 2010,
In :
dairy
French dairy co-op Sodiaal has dismissed reports that it is ready to sell part of its 50% stake in yoghurt maker Yoplait. A company spokesman said that they wanted to remain as a shareholder in Yoplait to participate in chilled dairy market. Yoplait is jointly owned by Sodiaal and private equity group PAI partners.
The ownership of Yoplait has been the subject of rumours in previous week. It emerged that banks had approached PAI Partners with propositions from potential buyers to acquire it... Continue reading ...
Posted by Turgut Ziyal on Friday, July 30, 2010,
In :
dairy
US dairy group Dean Foods has informed that it has sold UK organic business Rachel's to France's Lactalis. A spokesperson for Dean Foods confirmed the deal with Lactalis, one of Europe's largest dairy processors and owner of brands including President and Galbani.
Dean Foods reportedly hired advisers in late May to look into the sale of Rachel's. The US group acquired Rachel's in 2004 when it bought the company's owner, Horizon Organic Dairy.
Dean Foods said that it wants to focus on the pa...
Continue reading ...
Posted by Turgut Ziyal on Wednesday, June 30, 2010,
In :
dairy
Danone is heightening its focus on serving many of the world's poorest consumers living in Africa, Asia and South America. With sales momentum slowing in Western Europe and North America, Danone is just one of a growing list of multinationals that are now targeting shoppers on considerably more limited incomes across the globe. Among the company's primary low-cost brands are sachets of Dolima drinkable yoghurt and individual cups of mineral water. Last year, 42% of Danone's sales were drawn fr... Continue reading ...
Posted by Turgut Ziyal on Wednesday, April 7, 2010,
In :
dairy
Nestlé, the world's largest food maker, has opened an ice cream and dairy facility in the Philippines. The size of investment is PHP700m (US$15.6m).
The company has opened a site in in Pulilan’s Barangay Tibag to make products "appealing to Filipino taste preferences".
John Miller, chairman and CEO of Nestle Philippines, said: "We hope to be able to help make a positive difference in the lives of our consumers as we stay true to our mission of nurturing generations of Filipino families.... Continue reading ...
Posted by Turgut Ziyal on Tuesday, March 30, 2010,
In :
dairy
French cheese-make Bongrain has acquired the German spreads brand Brunch from UNILEVER. Bongrain, which owns the German soft cheese business Edelweiss, was manufacturing Brunch for Unilever as a co-packer .
A spokesman for Unilever Deutschland said the decision to sell Brunch was not a bad sign for the brand."It's a win-win situation, it's nothing against the brand," he said.
Both sides declined to comment on the financial details of the transaction.
Source: Just-food.com Continue reading ...
Posted by Turgut Ziyal on Monday, March 8, 2010,
In :
dairy
If rumors are correct yes! Shares of Dean Foods Co, the largest U.S. milk producer, jumped as much as 8.3 percent, fueled by talk that France's Danone could acquire the company. "There is a rumor circulating that Groupe Danone is interested in acquiring Dean Foods. That possibility has spurred call option buying today in the stock," said Jud Pyle, chief investment strategist at Options News Network, a division of option market making firm PEAK6 Investments. A spokesman for Danone declined to co... Continue reading ...
Posted by Turgut Ziyal on Tuesday, March 2, 2010,
In :
dairy
Italian dairy group Parmalat has revealed plans to expand its baby-food business. CEO Enrico Bondi has identified baby food as a possible way for Parmalat to grow after a year in which milk price hikes boosted profits.
Parmalat has a fledgling baby-food business that sells baby milk in certain markets but the company is looking for growth either through new products or acquisitions, according to a company spokesperson..
Last week, Parmalat issued its 2009 numbers. The company's EBITDA rose ... Continue reading ...
Posted by Turgut Ziyal on Tuesday, February 16, 2010,
In :
dairy
Danone has launched a flavoured milk under Choco Plus brand in India, which is the first dairy launch of Danone in the country. The 200ml product is priced at INR16 (US$0.13) and is being produced in a dairy product plant based in Pune, near Bombay.
Danone has also announced plans to double the production of dairy products at its new plant in Thailand in order to push into other south-east Asian markets as early as next year.Danone realizes 40% of its sales in emerging markets.
In April, Danon... Continue reading ...
Posted by Turgut Ziyal on Friday, February 12, 2010,
In :
dairy
Danone announced an increase in full-year profits. The company declared that Danone sees 2010 financial and economic environment as “challenging” .The announced net income reached EUR1.14bn (US$1.57bn), which corresponds to a 7.5% increase vs. 2008. But like many other companies in food industry, Danone also has declared a sales decline of 1.6% down to EUR14.98bn. However when the impact of currency exchange excluded, total sales increased by 3.2% on a like-for-like basis. This was dri... Continue reading ...
Posted by Turgut Ziyal on Friday, November 20, 2009,
In :
dairy
Japan's Meiji Dairies Corp. and fresh dairy products manufacturer Yoplait will launch yoghurt products under a common brand from March next year. Tokyo-based Meiji has signed a licence contract with the French group, which is jointly-owned by Sodiaal and PAI Partners. The agreement covers the "exclusive use" of Yoplait's brand and trademarks, "technological know-how" and dealership of products in Japan, a statement reads. Products sold under the joint brand will include fruit-flavoured yogh... Continue reading ...
Posted by Turgut Ziyal on Monday, November 9, 2009,
In :
dairy
Italian dairy group Parmalat revelead 3rd quarter results where it has raised its 2009 FY forecast however its profit shows a 55.6% decrease versus last year same period. The company underlines that with EBITDA up 20.6% to EUR265.3m. EBITDA margin rose to 9.3%, up from 7.6% in the comparable period of last year.
Parmalat raised its full year earnings outlook for 2009 to EUR350m, up from its previous estimate of EUR310-320m. The Parma-based dairy firm also expects its sales to rise arou... Continue reading ...
Posted by Turgut Ziyal on Tuesday, October 20, 2009,
In :
dairy
European farmers organisation Copa-Cogeca has welcomed the decision this morning (19 October) by EU ministers to back more urgent measures designed to succour Europe’s hard-pressed dairy sector.
Ministers agreed to include the industry amongst those eligible for swiftly released subsidies upon sudden and difficult falls in price and demand.
The European Parliament should approve the move by Wednesday. This would allow finance ministers to release ... Continue reading ...
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About This Blog:
| getfoodnews |
| Turgut@Getfoodnews.Com |
In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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