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2017 - the year in food industry M&A

15 Dec 2017

Andy Coyne looks at significant transactions and emerging themes in merger, acquisition and investment activity in the global food sector during 2017.

Update - UK not affected by Lactalis salmonella scare, FSA says

11 Dec 2017

The UK's Food Standards Agency (FSA) says the country is unaffected by the international recall of certain baby formula milk and baby food products made by French dairy giant Lactalis after the discovery of salmonella bacteria.

Lactalis faces worldwide recall of products in salmonella scare

11 Dec 2017

French officials have ordered the global recall of several baby formula milk and baby food products made by the country's dairy giant Lactalis after the discovery of salmonella bacteria.

Lactalis said to be buying Brazilian dairy firm Itambe Alimentos

6 Dec 2017

French dairy group Lactalis is said to be lining up to buy Brazilian counterpart Itambé Alimentos in the first half of 2018.

Murray Goulburn confirms approaches from suitors

21 Sep 2017

Up-for-sale Australian dairy processor Murray Goulburn has confirmed it has had approaches from a number of suitors interested in either buying some assets or taking over the whole co-operative.

Parmalat hints at "problems" in pushing through costs

12 Sep 2017

Parmalat, the Italian dairy group majority-owned by France's Lactalis, today (12 September) indicated it is having difficulty passing on rising milk costs to customers.

Parmalat names Jean-Marc Bernier as new CEO

12 Sep 2017

Parmalat, the Italian dairy giant majority-owned by France's Lactalis, today (12 September) named Jean-Marc Bernier as its CEO and general manager.

Goodman Fielder, Bega Cheese, Parmalat 'eye Murray Goulburn assets'

6 Sep 2017

Dairy companies including Australia’s Goodman Fielder and Bega Cheese, as well as Italian giant Parmalat, are reported to be eyeing under-pressure Aussie cooperative Murray Goulburn.

UK's Rachel's to launch organic, lactose-free yogurt range

29 Aug 2017

Lactalis-owned UK yogurt maker Rachel's is tapping into the free-from trend with the launch of what it suggests is the first-ever organic, lactose-free yogurt.

Parmalat books higher H1 revenue only for CEO to announce resignation

28 Jul 2017

Just as Italian diary giant Parmalat reported an almost 10% increase in preliminary first-half revenue, albeit due to an unexpected rise in milk prices in its main markets, CEO Yvon Guerin announced he will resign in September.

Lactalis secures clearance of two Romania acquisitions

10 Jul 2017

Romania's competition regulator has cleared the way for French dairy giant Lactalis to buy two local companies.

Lactalis acquires Stonyfield from Danone

3 Jul 2017

Privately-owned French dairy giant Lactalis has entered into an agreement to acquire US organic dairy business Stonyfield from Danone for US$875m.

J&F Investimentos denies hiring banks to sell Brazilian dairy Vigor

14 Jun 2017

J&F Investimentos, the Brazilian holding company behind local meat giant JBS, has refuted a report claiming it has hired banks to advise on the possible sale of another asset, dairy company Vigor.

Lactalis set to acquire German dairy Omira

23 May 2017

French dairy giant Lactalis is set to acquire German dairy group Omira for an undisclosed sum, it was announced today (23 May).

Lactalis launches Galbani Mozarella Grill in UK

15 May 2017

Lactalis has launched a "protein replacement" product in the UK under its Italian cheese brand, Galbani.

Forex, M&A help Parmalat sales, volumes fall

9 May 2017

Parmalat, the Italy-based dairy group that is majority-owned by France's Lactalis, has reported an 11% rise in first-quarter sales, boosted by exchange rates and recent acquisitions, despite sliding volumes.

Parmalat acquires US "ethnic dairy specialities" firms

2 May 2017

Parmalat, the Italian dairy group majority-owned by France's Lactalis, said today (2 May) the business has acquired two companies operating in the US "ethnic dairy specialities" sector.

Lactalis' US chief Frederick Bouisset named Labeyrie Fine Foods CEO

27 Mar 2017

The CEO of the US and Latin America business of French dairy products group Lactalis. Frédérick Bouisset, is to join French group Labeyrie Fine Foods as its chief executive.

Lactalis fails to hit threshold to delist Parmalat

23 Mar 2017

France-based dairy giant Lactalis has failed to reach the 90% stake in Parmalat that it needed to delist the Italian dairy group, according to a filing by the Milan bourse.

Australia Lactalis Parmalat dairy plant dispute over

21 Mar 2017

Union leaders in Australia say a pay and conditions row with Lactalis' majority-owned dairy producer Parmalat, which saw employees locked out of a plant in the state of Victoria, is over.

Lactalis ups Parmalat buy-out offer

10 Mar 2017

Lactalis has raised the price it is offering to buy out minority investors in Italian dairy giant Parmalat.

Parmalat denies talks to settle Citigroup action

7 Mar 2017

Parmalat has rejected a report it is involved in talks to settle a long-running legal battle with US bank Citigroup ahead of a full takeover of the Italian dairy group by majority shareholder Lactalis.

Parmalat acquires cheese firms in Chile

2 Mar 2017

Parmalat, the Italian dairy group controlled by France's Lactalis, has acquired "several" cheese-making companies in Chile at a combined enterprise value of around EUR100m (US$105m).

Lactalis files complaint in Parmalat takeover tussle 

10 Feb 2017

Lactalis-owned holding company Sofil has filed a complaint with Italy's stock market regulator against Parmalat minority shareholder Amber Capital. 

Australia Lactalis Parmalat site lockout continues but "progress being made"

9 Feb 2017

Union leaders in Australia say progress is being made in talks with Lactalis' majority-owned dairy producer Parmalat in a row over pay and conditions, although workers are still locked out of a plant in the state of Victoria.

Parmalat sets sales, EBITDA forecasts for next two years

7 Feb 2017

Parmalat, the Italian dairy group controlled by France's Lactalis, has issued sales and EBITDA forecasts for 2017 and 2018.

Lactalis gets clearance for Parmalat takeover offer

31 Jan 2017

French dairy giant Lactalis has been given the green light to launch a takeover offer to secure full control of Italian group Parmalat. 

Lockout at Lactalis Parmalat site in Australia in pay row

20 Jan 2017

Union leaders in Australia have called for fresh talks with Lactalis' majority-owned dairy producer Parmalat, after workers were locked out of a plant in the state of Victoria in a dispute over pay and conditions.

UK organic body looks to grow sector

13 Jan 2017

The UK's Organic Trade Board is launching an initiative that aims to "accelerate" growth in the organic sector and to "build retailer value" at home while also growing sales of UK-produced organic food overseas.

Lactalis launches offer to take full control of Parmalat 

3 Jan 2017

French dairy group Lactalis, the majority owner of Parmalat, has launched a voluntary tender offer to take full control of the Italian dairy business. 

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