Rising incomes in Latin America have led to a burgeoning yoghurt sector in a number of markets, attracting the likes of Danone, Fonterra and...
The recent sale of Italian unit Trentinalatte confirms growth through acquisition is not something Emmi is always successful at. Would, Stef...
| 28 May 2015
Rising incomes in Latin America have led to a burgeoning yoghurt sector in a number of markets, attracting the likes of Danone, Fonterra and Nestle. However, with competition intensifying, with the macro-economic landscape mixed and with consumers showing an interest in moving to "better for you" options and different ways of consuming yoghurt, innovation will be key to help manufacturers stay ahead. Hannah Abdulla explores.
| 9 Sep 2014
The proposed sale of BRF's Brazilian dairies unit to Lactalis-owned Parmalat looks set to be a win-win for both companies. BRF is focusing on improving the performance of its core meat operations and the group would leave the transaction better positioned to step up its expansion into international protein markets. Meanwhile, Lactalis will strengthen its hand in the promising Brazilian dairy sector, leaving the company well-placed as a global dairy powerhouse. Katy Askew reports.
| 2 Apr 2014
Parmalat, majority-owned by French dairy giant Lactalis, has made a significant move to bolster its business in Australia 15 years after it first entered the market. Parmalat has snapped up Australian dairy and fruit juice firm Harvey Fresh, a deal industry watchers believe could help the Italian firm's local business and help it expand its presence in Asia. Dean Best reports.
| 10 Feb 2014
Canadian dairy giant Saputo is expanding apace internationally as it looks to offset domestic challenges with growth overseas. The group is expanding capacity in Argentina, has taken majority ownership of Australia's Warrnambool Cheese and Butter Factory in Australia and is hungry for more international M&A. Katy Askew reports.
| 9 Mar 2015
Parmalat has reported a fall in net income for the full year on the back of "highly unfavourable" exchange rates.
| 4 Mar 2015
Peru's Grupo Gloria has confirmed a decision to shut down its dairy plant in Nueva Helvecia, Uruguay, where it manufactured Parmalat's products under the brand Ercolat.
| 20 Feb 2015
Italian dairy firm Parmalat is to cease operations at its Marieville plant in Canada, a move that will affect 92 jobs.
| 6 Feb 2015
Tesco is to be the first UK retailer investigated for alleged breaches of the country's groceries code in the wake of its mis-statement of profits, it was announced this week. Elsewhere, a staff error led to Fonterra losing its licence to ship cheese to the US and Mars revealed it will close a chewing gum plant in Canada.
| 2 Feb 2015
Parmalat has struck a deal to buy a series of cheese assets in Mexico, the Lactalis-owned dairy group's latest move in Latin America.
| 9 Jan 2015
Tesco this week claimed it wanted to "regenerate" its relationship with suppliers, with a strategy that looks set to cut the number of SKUs on sale in stores. Meanwhile, speculation emerged Brazilian private-equity firm and Heinz co-owner 3G Capital is looking at further acquisitions in the food industry.
| 5 Jan 2015
Parmalat has moved to buy the business assets of regional Italian dairy co-operative Consorzio Cooperativo Latterie Friulane.
| 19 Dec 2014
Parmalat has signed a deal to buy Australian dairy firm Longwarry Food Park.
| 10 Nov 2014
Parmalat, the Italian dairy group controlled by Lactalis, has raised its forecasts for annual underlying sales and EBITDA.
| 8 Sep 2014
Danone this week said Franck Riboud will step down as CEO after 18 years leading the French food giant. Across the Channel, the UK government announced plans for a food crime unit to tackle fraud. In emerging markets, Lactalis struck a deal to buy dairy assets from Brazil's BRF, while Egyptian snack group Bisco Misr said Kellogg had expressed an interest in buying the business.
| 5 Sep 2014
The legal wrangle between Parmalat and Citibank continues to make its way through the Italian courts following a decision that an earlier US judgement requiring the dairy group to pay US$431m in damages could take effect in Italy.
| 4 Sep 2014
Lactalis-controlled Italian dairy group Parmalat looks set to acquire 11 dairy plants in Brazil from local food processor BRF.
| 1 Sep 2014
Fonterra this week made a significant move to boost its business in China, a market that has been problematic for the world's largest dairy exporter. We analysed the group's latest foray, a venture with infant formula producer Beingmate. Elsewhere, dairy dominated our coverage, with news of Parmalat closing in on an acquisition in Brazil and Emmi's surprise profit warning. Canadian dairy giant Agropur also featured on our interview pages, when CEO Robert Coallier sat down with us to discuss the co-op's recent M&A.
| 26 Aug 2014
Parmalat is nearing a deal to acquire assets from bankrupt Brazilian dairy Lácteos Brasil (LBR).
| 5 Aug 2014
Italy-based dairy group Parmalat has said its underlying performance in the second quarter was "significantly better" than the first three months of the year amid pressure from exchange rates and inflation in Venezuela.
| 30 May 2014
Hitting headlines this week was the bidding war for Hillshire Brands which saw Tyson Foods and Pilgrim's Pride both go head to head. Elsewhere, Peters Food Group was acquired by R&R Ice Cream, while Nestle and Fonterra issued a statement saying they were scaling back their Latin American partnership. Also this week, Synlait Milk announced it was revising its 2014 earnings outlook and Danish Crown announced 190 jobs would go as it chose to close its Bornholm slaughterhouse.
| 15 May 2014
A "sharp increase" in cost of raw milk and the negative impact of currency exchange weighed on first-quarter earnings at Italian dairy giant Parmalat.
| 17 Apr 2014
just-food's look at the key issues facing the global confectionery sector, the savoury snacks business in Russia and the dairy industry in Australia are among the reports featured in this week's round-up from our research store.
| 7 Apr 2014
Unilever's business in South Africa was in the spotlight this week after it emerged its offices were raided as part of a probe into collusion. Elsewhere, there were two notable M&A deals in dairy, with Arla Foods looking to merge with Belgium-based EGM Walhorn and Lactalis's Parmalat bolstering its business in Australia with the acquisition of Harvey Fresh.
| 1 Apr 2014
Italian dairy group Parmalat has moved to increase its presence in Australia with the acquisition of local dairy and beverage firm Harvey Fresh for EUR79m deal (US$108m).
| 9 Dec 2013
Parmalat has lowered its EBITDA forecast for 2013 citing a "sudden weakening of demand" and higher milk prices.
| 18 Nov 2013
Parmalat has refused to be drawn on reports it is in talks to buy Australian dairy Harvey Fresh.
| 11 Nov 2013
Italian dairy group Parmalat has reaffirmed its full-year EBITDA guidance, despite booking a drop in earnings in the first nine months of the year.
| 18 Sep 2013
Parmalat will not pursue an acquisition of Brazil's largest private dairy company, Lacteos do Brasil (LBR), due to the "high level of risk" a deal for the business would carry, just-food understands.
| 29 May 2014
The Italian dairy group was in the spotlight last year after minority investors complained about its acquisition of Lactalis American Group, the US-based arm of majority shareholder Lactalis. This week, an appeals court in Italy brought an end to the protracted legal dispute.
| 3 Apr 2014
Days after Parmalat announced it had acquired Australian dairy and fruit juice firm Harvey Fresh comes news of a deal of another sort for the Lactalis-owned Italian dairy giant.
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