Ireland-based dairy business Ornua is lining up a fresh push into south-east Asia.
Ireland-based dairy business Ornua said today (25 January) it had signed an agreement to acquire UK cheese ingredients company F. J. Need for an undisclosed sum.
New Zealand make-at-home yogurt business EasiYo Products is looking to grow its business in Europe through a tie-up with Ireland-based dairy group Ornua.
Ornua, the Ireland-based dairy business, is to up the manufacturing capacity of a plant in Germany to meet growing demand for Kerrygold products.
Ornua, the Ireland-based dairy group, has snapped up US dairy ingredients business CoreFX Ingredients from local group MCT Dairies.
Irish dairy processor Ornua wants to develop Kerrygold from a "butter brand" to a "dairy brand" as it expands the business in the US, UK and other international markets.
Ornua, the Ireland-based dairy co-operative, today (20 April) reported higher turnover and profits for 2015, figures that included the now sold US distribution business DPI Specialty Foods, with results from continuing operations lower year-on-year.
Ornua, the Irish dairy group, is to launch a range of yoghurt under its Kerrygold brand in Germany.
Diamond Foods, itself set to be sold to US snacks group Snyder's-Lance, this week took a stake in UK popcorn maker Metcalfe's Skinny. Our M&A pages featured a number of deals, including the move for Chinese dairy group Ambrosia by Irish co-op Ornua. At the ICR investment conference in Florida, the new owner of Green Giant, B&G Foods, said it was interested in more acquisitions in the frozen food sector, while Hain Celestial told delegates it could withstand greater competition in the US natural and organic sectors.
US group Hain Celestial this week cut its forecasts for annual sales and earnings amid pressure on its domestic business. The company's management also presented at the ICR investment conference, where it sought to be upbeat about Hain's prospects. Staying in the US, Danone warned it could pursue legal action over Chobani's "misleading and deceptive marketing" which targeted its Light & Fit brand. Elsewhere, Irish dairy co-op Ornua announced the acquisition of Chinese group Ambrosia. And we analysed General Mills' recent acquisitions of Brazilian yoghurt maker Carolina and US meat snacks firm Epic Provisions. Here is the week in quotes.
Ornua, the Ireland-based dairy business, is eyeing growth in China's retail and foodservice channels after snapping up China's Shanghai Ambrosia Fine Foods Co.
Belgium's Lotus Bakeries this week struck its second piece acquisition in the UK in four months, with a deal to buy Bear snacks owner Urban Fresh Foods. Our M&A pages also included news Fonterra is selling its Australian yoghurt business to Lactalis's Parmalat and Ornua is offloading US distribution asset DPI. Elsewhere, the Russian central bank said domestic producers had, in most categories, failed to meet the shortfall in production from Moscow's import restrictions on the west.
Irish dairy co-operative Ornua has sold a majority stake in its US food distribution business, DPI Specialty Foods, to private-equity firm Arbor Investments in order to reallocate resources to its core business.
Ornua, the Irish dairy group, has opened a plant in Nigeria that will pack powdered milk sold under the Kerrygold brand in the local market.
Ornua, the Ireland-based dairy co-operative, has opened an R&D facility in Spain in a bid to build its business in the country and in southern Europe.
Ireland is targeting an 85% jump in the value of its agri-food exports by 2025, the country's government announced today (2 July).
First-quarter numbers came in from the likes of European confectionery Cloetta and Mexican business Gruma. The Irish Dairy Board, now known as Ornua, reported its full results for 2014. Here's our weekly round-up of companies' financial results.
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- UK own-label firm Park Cakes sold in MBO
- Kraft Heinz cuts jobs in US, Canada
- Immigration crackdown "risk" for US dairy industry
- Fonterra cuts earnings forecast
- Unilever invests in Dutch meat substitute project