Parmalat - food industry company news 
ITALY: Parmalat asks for cut to Lactalis US deal price
14 May 2013
Parmalat has requested it ends up paying less for Lactalis American Group, a sister company and US arm of majority owner Lactalis.
ITALY: Acquisitions help boost Parmalat Q1
14 May 2013
Acquisitions, including the purchase of the US arm of its majority owner Lactalis, helped boost first-quarter sales and profits at Parmalat, the Italian dairy group has said.
ITALY: Court orders Parmalat to return Centrale del Latte di Roma stake
23 April 2013
An Italian court has ordered Parmalat to return its controlling stake in milk group Centrale del Latte di Roma to the city of Rome, a move that has forced the Italian dairy giant to pull its 2012 accounts.
ITALY: Parmalat board remains as Lactalis US deal probe starts
4 April 2013
Parmalat's board of directors will stay in charge despite calls for their removal - as an investigation into the Italian dairy group's acquisition of the US arm of majority shareholder Lactalis begins.
ITALY: Parmalat records improved FY profits
21 March 2013
Parmalat has recorded an increase in full-year profit thanks to an improvement in the results from its industrial operations and an "outstanding" performance in emerging markets.
ITALY: Prosecutors call for removal of Parmalat board
1 March 2013
Prosecutors in Italy have applied for the board of Parmalat to be removed and the cancellation of dairy giant's acquisition of the US arm of majority shareholder Lactalis.
ITALY/FRANCE: Granarolo to acquire CIPF Codipal cheese group
11 January 2013
Italian dairy group Granarolo has announced its entry into France via the acquisition of French cheese maker CIPF Codipal for an undisclosed fee.
Quote, unquote: just-food's week in words
17 December 2012
Barry Callebaut CEO Juergen Steinemann last week insisted its acquisition of Petra Foods' cocoa ingredients unit will strengthen its future with the deal making it the world's largest processor of cocoa and high-quality cocoa powder. Elsewhere, the European Commission said it would come forward with ideas for a grocery code adjudicator by next autumn if no system of self-regulation is put into place. Parmalat, meanwhile, confirmed a raid on its offices over tax investigations, and David Heath, UK minister for environment, food and rural affairs said his department was working with the UK Government to identify export priority markets.
Editor's choice: the highlights on just-food last week
17 December 2012
The top two stories on just-food's pages last week included Barry Callebaut's deal to buy Petra Foods' cocoa ingredients business and the European Commission's warning it will come forward with ideas for a grocery code adjudicator next autumn if no system of self-regulation is in place. Elsewhere, there has been a focus on the dairy sector with FrieslandCampina announcing plans to cut over 200 jobs across its business in Germany, and Parmalat having had its offices raided by Italy's financial police over an investigation into tax. We also brought you news from the FDEA's UK export event in London where just-food was an exclusive partner.
ITALY: Parmalat HQ searched in tax probe
11 December 2012
Italian dairy Parmalat has had its offices raided today (10 December) by Italy's financial police over an investigation into tax.
ITALY: Parmalat prepares for final hearing over Lactalis Americas buy
11 December 2012
Parmalat is preparing to face a final hearing over the acquisition of the Americas business of majority shareholder Lactalis.
AUS: Lactalis to buy cheese firm Jindi from Menora Foods
27 November 2012
Lactalis has agreed a deal to buy Australian cheese business Jindi from local FMCG sales and marketing firm Menora Foods.
ITALY: Mixed Q3 results for Parmalat
12 November 2012
One-off items have hit Parmalat's third-quarter net profit although the Italian dairy group did see its EBITDA increase.
ITALY: Parmalat H1 profit rises, keeps 2012 guidance
1 August 2012
Parmalat has confirmed its full-year growth targets after booking an increase in first-half profits.
GLOBAL: Chinese firms rise up global dairy league
17 July 2012
Chinese dairy giants Yili and Mengniu made the biggest strides in Rabobank's annual survey of the world's largest 20 companies in the sector.
Editor's choice: the highlights on just-food last week
9 July 2012
Farmers slammed UK dairy processors this week for cuts to the price they receive for their milk and there have been threats supplies could be disrupted. The UK meat sector was hit by plans by Dutch firm Vion to close a plant in Scotland. Meanwhile, French poultry giant Groupe Doux, which is in administration, has received ten takeover bids.
ITALY: Lactalis plans to shut three Parmalat plants - union
5 July 2012
French dairy group Lactalis plans to close three Parmalat manufacturing plants in Italy, union officials have said.
AMERICAS: Parmalat acquires Lactalis American Group
23 May 2012
Parmalat, the Italian dairy company taken over by France's Lactalis Group last year, has acquired Lactalis American Group from its parent for US$904m.
ITALY: Parmalat reports mixed Q1 results
14 May 2012
Parmalat has booked a fall in net profit during the first quarter of the year, despite higher sales and EBITDA.
ITALY: Legal costs force Parmalat to review 2011 profits
17 April 2012
Italian dairy giant Parmalat has reduced the net profit it reported for 2011 after legal rulings on cases in Italy and Canada.
ITALY: Costs weigh on Parmalat's earnings
12 March 2012
Italian dairy firm Parmalat has said increased input costs weighed on its earnings in 2011, despite an increase in sales.
2011 in review - M&A activity fails to meet expectations
22 December 2011
A year ago, there was consensus that M&A activity would pick up in 2011. As we look back on the last 12 months, there were some major deals but concern over the economy meant the numbers of deals fell short of expectations. Dean Best reports.
ITALY: Parmalat sees profit slide in trading update
11 November 2011
Italian dairy giant Parmalat has today (11 November) posted a drop in a trading update for the last nine months.
SWEDEN: Tetra Pak CEO admits dairy consolidation pressure
17 October 2011
Tetra Pak CEO Dennis Jönsson has said the consolidation in the dairy sector is putting new demands on the packaging company.
AUS: Queensland farmers slam "catastrophic" milk price war
6 September 2011
Dairy farmers in the Australian state of Queensland claim the country's retail milk value chain has been devalued by A$77m in 2010/2011 compared to the previous year due to supermarkets' house-brand milk being sold at low prices.
ITALY: Granarolo buys local cheese firm Lat Bri
1 September 2011
Italian dairy company Granarolo has snapped up local cheese maker Lat Bri.
ITALY: Parmalat reduces EBITDA forecast
29 July 2011
Italian dairy group Parmalat has reduced its full-year EBITDA forecast on the back of weak consumer spending.
ITALY: Lactalis veteran Guérin named Parmalat CEO
12 July 2011
Lactalis has named company veteran Yves Guérin as CEO of new Italian acquisition Parmalat.
Best bits: Nestle, Lactalis secure prized deals
11 July 2011
In the last 72 hours, Nestle and Lactalis have struck significant pieces of M&A, writes Dean Best.
UPDATE: FRANCE: Lactalis seals Parmalat takeover
8 July 2011
Lactalis today (8 July) claimed it had become the world's largest maker of dairy products after the French company sealed the takeover of Italian rival Parmalat.
