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just-foodjust-food's research round-up: global confectionery, savoury snacks in Russia, dairy in Australia

17 April 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.

Focus: Parmalat could milk Harvey Fresh in Oz and overseas

2 April 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.

US/CANADA: Saputo to close four plants, 180 jobs axed

27 March 2014

Dairy giant Saputo has announced the closure of four plants, affecting 180 jobs.

AUS: WCB first-half earnings more than double

28 February 2014

Warrnambool Cheese and Butter Factory said today (28 February) its first-half earnings more than doubled despite the "distraction" of a takeover battle for the business, which resulted in Canada's Saputo taking majority ownership in the dairy group.

AUS: Saputo closes WCB pursuit with 88% stake

13 February 2014

Saputo's takeover offer for Warrnambool Cheese and Butter Factory has closed, with the Canadian dairy giant holding just shy of 88% of the Australian processor.

AUS: Lion books dairy write-down, warns of "headwinds"

13 February 2014

Australian group Lion has booked an impairment charge of A$338.8m on its dairy business, which it warned faced "considerable headwinds".

US: Dean Foods shares sour after 2014 warning

12 February 2014

Shares in Dean Foods tumbled yesterday after the US dairy giant warned commodity prices would weigh on the business this year.

Focus: Saputo looks overseas to offset domestic challenges

10 February 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.

CANADA: Saputo Q3 sales, earnings jump

7 February 2014

Canadian dairy major Saputo has booked an increase in third-quarter sales and earnings, boosted by its acquisition of Morningstar Foods and a strong performance from the group's international businesses.

Editor's choice: the highlights on just-food last week

27 January 2014

Mondelez International last week announced Nelson Peltz is set to join the company's board. The activist shareholder's investment fund disclosed the US billionaire has turned his focus away from campaigning Mondelez to merge with PepsiCo - and encourage the cola and crisps group to split in two.

Quote, unquote: just-food's week in words

27 January 2014

Last week, the race to buy Australian dairy Warrnambool Cheese and Butter Factory took a decisive turn when Murray Goulburn - and WCB investor - accepted the bid from rival suitor Saputo's takeover bid in what has been an ongoing saga. ConAgra Foods and US retailer Trader Joe's were accused of breaking competition law, while Cargill settled discrimination claims out of court. There were rumours French meats firm Jean Caby was undergoing a restructure and that United Biscuits could either float or be sold. And there were job losses at Kellogg, UK baker Bright Blue and US meat giant Tyson Foods. Here is the week in quotes.

AUS: Murray Goulburn to accept Saputo's WCB bid

23 January 2014

Murray Goulburn has decided to accept the takeover offer for fellow Australian dairy firm Warrnambool Cheese and Butter Factory from Saputo.

AUS: Saputo secures control of Australian dairy WCB

22 January 2014

Saputo has secured control of Warrnambool Cheese and Butter Factory after winning the backing of shareholders representing over half the Australian dairy processor.

CANADA: Saputo buys domestic liquid milk business

20 January 2014

Saputo has moved to expand its presence in Atlantic Canada through the acquisition of the liquid milk operations of Nova Scotia-based Scotsburn Co-Operative Services.

Quote, unquote: just-food's week in words

20 January 2014

This week, we interviewed the boss of UK-based meat-free business Quorn Foods, which saw sales jump last year, helped by the horsemeat saga. We also spoke to the chair of the National Obesity Forum after its report warned forecasts on UK obesity rates may have under-estimated the problem. Elsewhere, Fonterra was caught up in another recall, Saputo received a boost in its bid to buy Australian dairy Warrnambool Cheese and Butter Factory and Hain Celestial swooped to acquire UK rice firm Tilda.

Editor's choice: the highlights on just-food last week

20 January 2014

US group Hain Celestial swooped again in the UK last week, snapping up UK rice business Tilda. Meanwhile, obesity grabbed UK headlines with warnings forecasts for the condition could have under-estimated the problem. Fonterra issued another product recall, Saputo received a boost in its bid to buy Warrnambool Cheese and Butter Factory, while our first just-food interview of 2014 saw us meet Quorn Foods CEO Kevin Brennan.

AUS: Bega Cheese to sell WCB stake to Saputo

16 January 2014

Saputo's bid to buy Warrnambool Cheese and Butter Factory was given a boost today (16 January) after Bega Cheese decided to sell its stake in the Australian firm to the Canadian dairy giant.

Editor's choice: the highlights on just-food last week

13 January 2014

Dairy led the headlines in our sector this week. Danone is to sue Fonterra over last year's botulism contamination saga, French dairy giant Lactalis has entered India with the acquisition of local firm Tirumala Milk Products and Saputo has told Warrnambool Cheese and Butter Factory's investors its offer for the Australian dairy processor is final.

AUS: Our offer is final, Saputo tells WCB investors

10 January 2014

Saputo has said its current bid for Australian dairy processor Warrnambool Cheese and Butter Factory is its "last and final offer".

US: Ex-Saputo exec to head WhiteWave's Earthbound Farm

7 January 2014

Former Saputo executive Kevin Yost is to join US group WhiteWave Foods to head Earthbound Farm, the organic produce business it acquired last week.

AUS: Bega receives interest in WCB stake

3 January 2014

Australian dairy processor Bega Cheese has received interest in its stake in local peer and takeover target Warrnambool Cheese and Butter Factory.

Quote, unquote: just-food's week in words

23 December 2013

Despite its recent struggles at home and abroad, Tesco this week indicated it had ambitions for growth with its application to run multi-brand outlets in India. Over in China, Hershey sought to further build its business with a deal to buy 80% of local confectioner Shanghai Golden Monkey. And horsemeat returned to the headlines with arrests in France after horses tested on in labs allegedly entered the country's food chain.

AUS: Bega Cheese to drop out of WCB race

19 December 2013

Australian dairy processor Bega Cheese, which kicked off the takeover battle for local peer Warrnambool Cheese and Butter Factory, is to walk away from the table and close its offer.

AUS: Saputo ups WCB bid after takeover watchdog intervenes

17 December 2013

Saputo has increased its bid for Warrnambool Cheese and Butter Factory after an intervention from Australia's Takeovers Panel.

AUS: Takeover watchdog set to rule on Saputo's WCB bid

12 December 2013

Australia's Takeovers Panel is reportedly set to announce whether Canadian dairy giant Saputo must up its offer for local processor Warrnambool Cheese and Butter Factory.

AUS: Murray Goulburn's WCB bid set for February hearing

5 December 2013

Murray Goulburn's bid to buy fellow Australian dairy processor Warrnambool Cheese and Butter Factory will be put before a public hearing in February by the country's competition regulator.

AUS: Regulator puts brakes on Saputo's bid for WCB

2 December 2013

Australia's Takeovers Panel has put Saputo's bid to buy local dairy processor Warrnambool Cheese and Butter Factory on hold.

Editor's choice: the highlights on just-food last week

2 December 2013

A change at the top of the world's largest retailer grabbed the headlines this week. Doug McMillon, the head of Wal-Mart's overseas business, is to be promoted to become the US retail giant's CEO. Elsewhere, there was a raft of M&A stories. Murray Goulburn made what is so far the highest bid for Australian dairy Murrau Goulburn, Associated British Foods lodged an interest in UK rice brand Tilda and Premier Foods is in talks with private equity over investment in its bread arm.

China briefing: Multinationals vie for place at table

29 November 2013

With an increasingly affluent population of more than 1.36bn mouths to feed the potential offered by China's food sector is immense. But the size of the opportunity does not, in itself, guarantee success. Competition is fierce as multinational food groups and local players alike look to grow their share of this vast pie. Katy Askew examines the competitive dynamics of the Chinese food sector.

NZ/AUS: Fonterra ups stake in Bega Cheese

29 November 2013

Fonterra has snapped up more shares in Bega Cheese, the Australian dairy processor.

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