Paris | Reuters – Lactalis, the world’s largest dairy company, is to reduce the volume of milk it processes in France, a move it said is aimed at reducing its exposure to international commodity prices but which caused alarm among farmers about a declining dairy herd. Lactalis plans to cut the amount of milk it […] Read more
Tag Archives lactalis
French farmers fear for dairy herd as Lactalis cuts milk purchases
Lactalis to shift from milk to near-milk at Sudbury
Facility to halt fluid milk processing, switch to plant-based product lines
The processor of the Beatrice and Lactantia milk brands plans to put its fluid milk processing plant in northern Ontario over to plant-based dairy substitutes. The Canadian arm of France’s Lactalis said Wednesday it will stop fluid milk processing and packaging at its plant at Sudbury effective Sept. 30 and convert that plant to a […] Read more
Lactalis to buy Agropur’s yogurt business
Deal to include two processing plants, major yogurt brands
Canadian dairy co-operative Agropur has reached a deal to sell its yogurt processing business and plants to the Canadian arm of French dairy giant Groupe Lactalis. The deal, as announced Thursday, will include Agropur’s plants at Granby, Que. and Delta, B.C. plus the operations at a distribution centre it leases at Longueuil, Que. Financial terms […] Read more
Kraft Heinz to sell several cheese businesses to Lactalis
Canadian grated cheese lines among assets going for US$3.2 billion
Chicago | Reuters — Kraft Heinz said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France’s Groupe Lactalis for US$3.2 billion. After weak sales results and several billion-dollar writedowns over the past two years, there has been market speculation about which categories Kraft Heinz will offload from […] Read more
Lactalis still short in bid to delist Parmalat
Milan | Reuters — France’s Lactalis has not secured the 90 per cent stake in Parmalat it needed to press ahead with plans to delist the Italian food company, a filing showed Tuesday. On the last day of an extended bid on shares it did not already own, the French dairy group reached an overall […] Read more
Lactalis short of threshold to delist Parmalat
Milan | Reuters — France’s Lactalis failed to reach the 90 per cent stake in Parmalat it required to proceed to delist the Italian food company in the last day of a buyout offer, a filing by the Milan bourse showed Tuesday. Lactalis, the world’s largest dairy firm, bought 15.11 per cent of the shares […] Read more
Lactalis offer for Italy’s Parmalat seen too low
Milan | Reuters — Parmalat activist investor Amber Capital believes the price of a buyout offer by France’s Lactalis undervalues the Italian dairy group and won’t be tendering its three per cent stake. Lactalis, which won control of Parmalat in 2011 amid failed efforts in Italy to mount a domestic counter bid, has launched an […] Read more
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