ACCC approves merger of dairy giants Lactalis and Fonterra
The Australian Competition and Consumer Commission (ACCC) has approved a merger between the country’s two largest dairy processing companies, Lactalis and Fonterra. The planned takeover of Fonterra’s consumer, dairy ingredients and food service businesses by French group Lactalis would create a massive dairy company in Australia. Dairy company Lactalis has been given approval by the […]
Lactalis Ingredients’ latest dairy protein innovations
The dairy protein market is experiencing significant growth as applications extend beyond sports nutrition and into holistic health, gut health and functional and fortifying ingredient categories. Additionally, advancements in technology for standard dairy proteins, typically utilized in sports nutrition, are enhancing nutritional benefits and improving texture, taste and ingredient variety. Data from Innova Market Insights […]
Parag Milk Foods appoints former Amul MD Rahul Kumar as COO
Parag Milk Foods Limited, a manufacturer and marketer of dairy-FMCG products, has announced the appointment of Rahul Kumar Srivastava as the Chief Operating Officer of the organization. He served as the Managing Director of Lactalis India, a division of the world’s largest dairy conglomerate, for over a decade. Additionally, he held the position of Managing […]
French dairy group Lactalis says profit falls as costs rise
Lactalis, the world’s largest dairy producer, said on Thursday its sales had risen by 28.4% in 2022 to 28.3 billion euros ($30.95 billion), but higher costs had pushed its annual net profit down by 14% to 384 million euros. A spike in food prices, partly linked to Russia’s invasion of Ukraine last year, has created tensions […]
Lactalis buys out Fonterra-Nestlé dairy venture in Brazil
French dairy major Lactalis has acquired the joint-venture assets in Brazil owned by Fonterra and Nestlé. Lactalis, which already has a presence in the South American country, has struck a deal for Dairy Partners Americas (DPA) for BRL700m (US$131.5m). Fonterra holds a 51% stake in the venture, set up in 2003, and Nestlé owns 49%. The transaction is expected […]
Can new age dairy disruptors outsmart India’s famed milk cooperatives?
Minati Patnaik, a 55-year-old homemaker in Bhubaneswar had been buying milk from a local milkman for over three decades. Though the latter was infamous for adulterating the milk, Minati chose to ignore it as she had heard worse stories of adulteration by local milk co-operatives. It’s been five years since Minati switched allegiance to Milky […]
Anik Dairy owned by Lactalis has named Subhashis Basu as its new CEO
Anik Dairy, owned by dairy major Lactalis Group, has named Subhashis Basu as its new chief executive officer. Basu will be moving on from snacks maker Prataap Snacks NSE 0.28 % where he has been chief operating officer for over four years. Officials aware of the development said Basu is set to assume the new role later […]
Lactalis interested in Acquiring Kwality dairy by wooing the creditors
Talks between Lactalis and Kwality Dairy’s creditors have gathered steam over the past few weeks and could result in the former making a formal proposal for Kwality Dairy in the next 8-10 days, according to sources. NCLT passes order to liquidate dairy firm Kwality Dairies Lactalis looking forward to acquisition of dairy business in North […]
Rabobank 2021 Global Dairy Top 20 Report released
On August 25th, 2021, Rabobank of the Netherlands released its annual Global Dairy Top 20 Report. Dairy giant Yili Group once again clinched the fifth spot following the previous year, remaining leader of Asia for the eighth consecutive year as the only Asian dairy company among the Top 5. Strong financial performance despite Covid-19 With the Covid-19 pandemic still raging […]
Rabobank 2021 Global Dairy Top 20 Report released
On August 25th, 2021, Rabobank of the Netherlands released its annual Global Dairy Top 20 Report. Dairy giant Yili Group once again clinched the fifth spot following the previous year, remaining leader of Asia for the eighth consecutive year as the only Asian dairy company among the Top 5. With the Covid-19 pandemic still raging across the world, Yili has […]