Parmalat

Lactalis ups stake in Italian peer Parmalat and plans to take it private

4 Dec 2018

Lactalis, the French dairy heavyweight, has increased its stake in a European subsidiary to more than 95%.

Kraft Heinz sells Canadian cheese assets to Lactalis-owned Parmalat

7 Nov 2018

US food giant Kraft Heinz is selling its Canadian natural cheese business to a major European dairy firm in a US$1.23bn deal.

Earnings summary - Tipiak annual profits down on flat sales; Parmalat FY earnings up 30%; Premium Brands books 'record' sales on flurry of M&A; Strauss Group buoyant on back of FY sales hike

16 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

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.

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.

Parmalat's 'China milk licence suspended over heat process'

19 Jul 2017

Parmalat has reportedly had its fresh milk licence suspended by Chinese regulators, which claim the Italian dairy giant's Australian factory in Clarence Gardens, Adelaide, is applying too much heat during processing.

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 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 expects sales, EBITDA to accelerate in 2017

6 Mar 2017

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. 

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. 

Parmalat books preliminary FY revenue rise

26 Jan 2017

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.

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.

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. 

Parmalat sees revenue dip on pricing, FX

11 Nov 2016

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. 

Parmalat points to US, Europe as H1 profits rise

1 Aug 2016

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.

Parmalat Q1 profits down on Venezuela and forex

24 May 2016

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.

Parmalat appoints new board, names Gabriella Chersicla chairperson

3 May 2016

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.

Parmalat books mixed 2015 results

11 Mar 2016

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