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Parmalat

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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.

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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.

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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.

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"The Great Deceleration" warned a front cover of The Economist in July, as the magazine reflected on a cooling in the BRIC markets. FMCG companies are upbeat about the long-term prospects of these economies but will have to adapt as period of slower growth.

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.

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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.

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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.

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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.

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

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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.

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Parmalat, the Italian dairy group that is majority-owned by Lactalis, has said it expects constant currency sales and earnings growth to accelerate during 2017. 

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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).

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

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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.

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

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

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Italian dairy group Parmalat has said its preliminary full-year results for 2016 reaffirm its guidance of a 5% increase in net revenue and more than 17% for EBITDA compared with the previous year.

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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.

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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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Italian dairy group Parmalat said its sales in the first nine months of this year fell due to low milk prices – a consequence of high European production – and the negative impact of foreign exchange. 

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Parmalat, the Italy-based dairy business in which France's Lactalis holds a majority stake, has booked higher first-quarter profits, thanks to "improved results" in the US and Europe.

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Parmalat, the Italy-based dairy group, today (24 May) booked lower first-quarter profits amid the challenging economic conditions in Venezuela and pressure from foreign exchange.

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Parmalat has named Gabriella Chersicla as its new chairperson after after three of the directors nominated by majority shareholder Lactalis quit their positions last month, prompting the Italian dairy group to elect a new board.

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Parmalat, the Italy-based dairy group, needs to elect a new board after three of the directors nominated by majority shareholder Lactalis quit their positions.

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Parmalat saw revenue and EBITDA rise in 2015 but reported a fall in net profit due in part to the volatility in Venezuela.

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This week Fonterra announced it was selling its yoghurt and dairy business in Australia to Parmalat, Chinese fruit groups Golden Wing Mau and Joyvio announced a merger and UK meat group Dunbia confirmed it was mulling options for the business. Belgium's Lotus Bakeries bought UK snacks group Urban Fresh Foods, its second deal in the country in four months and, looking to next year, we analysed the prospects for the BRIC markets in 2016. Here is the week in quotes.

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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.

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Fonterra is to offload its yoghurt and dairy desserts business in Australia to Parmalat, the Italy-based group owned by France's Lactalis.

The French giant - the world's number two dairy group by sales - has struck another deal in a promising emerging market for dairy.

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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.