Dairy featured heavily in our headlines last week. We interviewed Fonterra’s CFO about the New Zealand giant’s half-year results and plans for emerging markets. Swiss peer Emmi published its annual figures and we spoke to its international boss about its plans outside its domestic market. Meanwhile, in the UK, Greek yoghurt producer Fage won its court battle with rival Chobani over how the US firm labels its products here.
Interview: Emmi ready for more international M&A
Emmi is preparing to make more international acquisitions as it looks to generate 50% of its sales from overseas, the Swiss dairy group told just-food today (27 March).
The just-food interview: Fonterra CFO Jonathan Mason
New Zealand dairy giant Fonterra has increased its focus on emerging economies as the battle among global dairy companies for a share of high-growth markets in Asia, the Middle East and Latin America intensifies. just-food’s Jonathan Dyson spoke to Fonterra CFO Jonathan Mason in Aukland yesterday (27 March) about how the world’s leading dairy exporter plans to exploit this opportunity.
UK: Chobani loses Greek yoghurt court case
US yoghurt producer Chobani has lost a court case in the UK over the “misleading” labelling of its Greek yoghurts.
GLOBAL: Horsemeat “dodged bullet” for food industry
A prominent academic has suggested the international food industry was lucky the horsemeat scandal related only to the fraudulent use of an apparently safe raw material.
Interview: Divine Chocolate battles pressure on Fairtrade specialists
UK-based Divine Chocolate was one of the first Fairtrade-only FMCG brands when it launched in 1998. However, the entry of larger, mainstream companies into the category, while increasing awareness of Fairtrade and boosting sales, has had an impact on the specialists. Divine commercial director David Francis spoke to Dean Best about competition, retail support for Fairtrade and the promotional battle in the UK.
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Comment: Premium Brands hits mark with Freybe buy
Canada’s Premium Brands Holdings has entered into an agreement to buy local family-owned deli meats marker Freybe Gourmet Foods. With potential synergies and cross-selling opportunities, the deal looks set to have a positive impact on Premium Brands’ earnings. Katy Askew reports.
Interview: Ebro Foods keeps sharp eye on growth and diversification
Spanish food group Ebro Foods has been busy transforming itself. Over the last year the pasta and rice producer has been building on the international presence the company has achieved to date, spanning 25 countries and four continents. Manuel Gonzalez de Luna, Ebro’s director of investor relations spoke to just-food on the group’s plans to double its global pasta sales and further diversify its portfolio.
NETHERLANDS: PE firm Rhône Capital to buy CSM bakery units
Private-equity group Rhône Capital has agreed to buy CSM’s bakery supplies businesses in a deal worth EUR1.05bn (US$1.36bn), the Dutch firm said today (25 March).
US: Greencore drives US growth with capacity expansion
Greencore has announced plans to expand production in the US as it looks to step up growth in the market.
US: General Mills takes Green Giant into snacks aisle
General Mills has decided to launch Green Giant, a brand renowned for frozen and canned products, into snacks in the US.