Latest News in the food Industry

Dairy

Bel gets 65% of MOM

Bel gets 65% of MOM

26 Oct 2016

The Bel Group is to acquire a majority 65% shareholding in the MOM Group from LBO France in a deal valuing MOM at €850 million. MOM’s management will hold the remaining 35% of ordinary shares.

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First Milk sells CNP

First Milk sells CNP

26 Oct 2016

Following the completion of a full strategy review, First Milk – a UK company owned by British family farms - has agreed to sell its CNP Professional sports nutrition business based in Manchester to The Protein Partners.

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Gerber adds prebiotics

Gerber adds prebiotics

18 Oct 2016

Early childhood nutrition company Gerber has announced a line of infant formulas with probiotics, making it, says the company, the only brand to offer probiotics in all milk-based powder formulas.

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DSM reduces ripening time

DSM reduces ripening time

18 Oct 2016

DSM has extended its range of continental cheese solutions with DelvoCheese CT-Taste, which is said to enable producers of continental cheeses to halve the ripening time of their cheese.

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Mintel: US loves yogurt drinks

Mintel: US loves yogurt drinks

17 Oct 2016

It seems that US consumers have cultured a love of yogurt drinks as the latest research from Mintel reveals that sales of yogurt drinks have grown a healthy 62% in the five years 2011-2016.

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Müller raises milk price

Müller raises milk price

12 Oct 2016

Müller has confirmed a further average milk price increase of 1.5ppl for its dairy farmers, noting that, with winter approaching, they are understandably anxious to see higher returns.

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DuPont expands cheese culture range

DuPont expands cheese culture range

6 Oct 2016

Drawing on what the company says is its long history of innovation and expertise in the development of dairy cultures, DuPont Nutrition & Health has announced the introduction of two cheese cultures for use in soft-ripened cheese making.

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Fonterra profits rise 65%

Fonterra profits rise 65%

26 Sep 2016

Fonterra has announced a 65% increase in net profit after tax to NZ$834 million for the financial year ended 31 July 2016 – reflecting, it said, a stronger business despite ongoing challenges in global dairy markets.

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Fonterra to invest in cheese

Fonterra to invest in cheese

19 Sep 2016

Fonterra Australia is to make a $AU4.3 million investment to boost cheese and whey capacity at its Wynyard plant in Tasmania, increasing the plant’s cheese making capacity by 8,000 MT per annum.

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Chr. Hansen pays €73m for LGG

Chr. Hansen pays €73m for LGG

15 Sep 2016

To further strengthen its probiotics offering, the company said, Chr. Hansen has acquired LGG from Valio for €73 million.

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Milk Specialties Global adds 10th facility

Milk Specialties Global adds 10th facility

9 Sep 2016

Human and animal nutrition company Milk Specialties Global has acquired the Saputo facility in Monroe, WI, adding to its nine certified manufacturing facilities spread across the Midwest and California.

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Müller ups milk price

Müller ups milk price

7 Sep 2016

Müller has written to dairy farmers to confirm that its standard litre milk price will increase by an average of 1 penny per litre from October 1 2016.

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