Fonterra expanding its organic milk supplies
March 25, 2015

Fonterra expanding its organic milk supplies New Zealand-based dairy giant Fonterra has announced that it will expand its organic milk business to “help meet growing demand”. Fonterra said the decision followed its recent review on how best to position this speciality business for sustained growth. At meetings with New Zealand farmers last week, Fonterra’s global business manager for Organics, Craig Deadman, said Fonterra was “committed” to developing its organic milk supply over the long... ...Read more »

Chobani Australia launches ‘breakfast on-the-go’
March 23, 2015

Chobani Australia launches ‘breakfast on-the-go’ Yoghurt manufacturer Chobani Australia has launched a new ‘breakfast on-the-go’ range, Chobani Oats, in Australia. The Chobani Oats product combines Chobani strained Greek-style yoghurt with steel-cut oats and fruit. Chobani Australia manufactures its products in its $30 million factory at Dandenong South in Victoria and distributes to retail outlets across Australia and to the Asia Pacific region. Chobani Australia also produces the Gippsland... ...Read more »

Australian packaging company to supply Fonterra’s new dairy bags
March 23, 2015

Australian packaging company to supply Fonterra’s new dairy bags Australian packaging company Orora has announced a new supply agreement with New Zealand-based global dairy giant Fonterra to supply multi-walled dairy bags to Fonterra’s New Zealand milk powder operations. Orora Ltd is headquartered in Melbourne, Australia. The company was created in 2013 after Amcor, one of the world’s largest packaging companies with a 150 year history in Australia, demerged their Australasian and Packaging... ...Read more »

A2 Milk Company approved for ASX listing and aims US market launch with new brand message
March 18, 2015

A2 Milk Company approved for ASX listing and aims US market launch with new brand message New Zealand-based dairy company the A2 Milk Company has announced that its application for listing on the Australian Securities Exchange (ASX) has been approved in principle, subject to customary pre-quotation conditions. The conditional approval for ASX listing comes at the same month as the Company exhibited its milk products in the US at the one of the world’s largest ‘natural, organic and healthy’... ...Read more »

Fonterra enters partnership with Chinese infant formula manufacturer
March 18, 2015

Fonterra enters partnership with Chinese infant formula manufacturer New Zealand-based dairy giant Fonterra has confirmed that it has acquired an 18.8 per cent share in leading Chinese infant formula manufacturer, Beingmate Baby & Child Food Company Ltd, for around NZ$553 million. The transaction will be closed in the next few days. Chief Financial Officer Lukas Paravicini said the companies had earlier made provision for the possibility of the Partial Tender Offer reaching slightly less than... ...Read more »

Australian rankings of packaged dairy desserts, latest Roy Morgan findings
March 16, 2015

Australian rankings of packaged dairy desserts, latest Roy Morgan findings Almost 3.2 million Australians aged over 14 years ate a packaged dairy dessert such as a custard, mousse, chocolate pudding, creamy rice or fruity whip in an average four weeks in 2014—but maybe not necessarily for dessert. According to findings from market research organisation Roy Morgan Research, Dairy Farmers Custard was one of the most popular products across all age groups, eaten by around 1 in 25 Australians in an... ...Read more »

Woolworths expands Farmers’ Own milk brand to Queensland
March 16, 2015

Woolworths expands Farmers’ Own milk brand to Queensland Woolworths has announced that it has introduced Farmers’ Own milk, “sourced directly from dairy farms in the Sunshine Coast hinterland”, across 194 stores in southern Queensland. Woolworths buys Farmers’ Own milk directly from farmers rather than through a processor. The brand is only available in Woolworths supermarkets. Queensland is the fourth State to roll out the highly successful Farmers’ Own brand, following a trial with... ...Read more »

NZ infant formula poisoning threat shakes NZ dairy industry
March 11, 2015

NZ infant formula poisoning threat shakes NZ dairy industry The New Zealand Police and New Zealand Government are investigating a criminal threat to contaminate infant and other formula in New Zealand, in an apparent protest of the use of the poison Sodium monofluoroacetate (1080) in pest control. New Zealand-based dairy giant Fonterra and New Zealand dairy farmers’ advocacy group Federated Farmers received anonymous letters in late 2014. These letters were accompanied by packages of powder, which... ...Read more »

Freedom Foods carries substantial trading decline and puts price on A2
March 4, 2015

Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on reclassification of the A2 Milk Company investment. The Company achieved an Operating EBDITA of $6.3 million (including interest from Associates), a marginal decrease of 1.4 per cent on the previous corresponding period. Freedom Foods is the largest single shareholder in... ...Read more »

WCB to acquire Lion’s cheese business
March 2, 2015

WCB to acquire Lion’s cheese business Victorian-based dairy business Warrnambool Cheese and Butter (WCB) has announced it has entered into an agreement to acquire the everyday cheese business of Japanese-owned Lion, which is based in Victoria. The purchase price of $137.5 million, on a debt-free basis, includes $106.5 million, which WCB said represents the value of inventory net of a minimal amount of assumed liabilities, and is subject to the final determination of the inventory amount and assumed... ...Read more »

Next Page »