Saputo has entered into a deal to acquire Australia's oldest dairy processor Warrnambool Cheese and Butter for $370m, as part of its efforts to expand its presence in the Asia Pacific region.
Victorian-based dairy company Warrnambool Cheese and Butter (WCB) has announced it expects EBITDA for the 2014 financial year to be in the range of $47 million to $52 million, up from the EBITDA $25.5 million recorded in 2013.
Yoghurt maker Chobani Australia has appointed five new employees to the commercial team as the company continues its positive growth path in the Australian market.
Australia-based Franchised Food Company (FFC) has acquired Trampoline, an ice-cream and dairy products producer and retailer, from Burra Foods Australia.
U.S. commodities trader Cargill CARG.UL bought a large area of farming land in Colombia many times bigger than the legal limit by setting up dozens of "shell companies", violating the spirit of agrarian reform laws, charity Oxfam said in a report Friday.
China Huishan Dairy fell as much as 5.6 percent in its first trading day on the Hong Kong stock exchange with opened shares at HK$2.55 in early morning and traded at HK$2.52.
U.S. milk production totaled 16,835 million lbs in August, up 2.6% from August 2012, the U.S. Department of Agriculture said in its latest Milk Production report.
Australia’s largest dairy co-operative, Murray Goulburn Co-Operative Co. Limited (Murray Goulburn) has announced a net profit after tax of $34.9 million for the financial year ended 30 June 2013, more than double its $14.5 million profit in 2012.
New South Wales-based dairy company Bega Cheese Limited (Bega) has announced that it intends to make an unsolicited off-market $319 million takeover bid for Victorian-based dairy company Warrnambool Cheese and Butter (WCB).
Danone Serdika, the Bulgarian unit of French dairy giant Danone, is set to divest its production capacities in Sofia to its US partner Schreiber Foods.
Deputy Prime Minister Hoang Trung Hai cut the ribbon for the new fresh milk plant of Vietnam’s largest dairy producer, Vinamilk, in the southern province of Binh Duong on September 10.
Danone in Canada has announced plans to invest C$40m (US$38.5m) to expand production of Oikos Greek yogurt at its facility in Boucherville, Quebec, a move which would create 25 direct and 250 indirect jobs.
China Huishan Dairy plans to raise up to $1.3 billion in a Hong Kong initial public offering to fund its expansion, with the world's No.2 economy expected to catch up with its Asian peers in the consumption of infant formula, yogurt and fresh milk.
Yoplait has introduced a new yogurt Fruitful in six flavors, Pineapple, Strawberry, Mango Pineapple & Orange, Blueberry, Peach and Cherries & Red Berries.
