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Prodalim expands again with purchase of tank farm

Prodalim has contracted to buy the former ADM juice tank farm in Port Elizabeth, New Jersey, for an undisclosed sum.

United States Beverages

Two Baltic dairy co-ops announce cross-border merger

Latvian dairy cooperative Piena Ceļš has announced a team-up with Estonian cooperative E-Piim and a multi-million investment in a factory in Estonia.

Dairy Products M&A

US real estate investor acquires pistachio plantation in California

The US real estate investment fund Gladstone Land Corporation, listed on the New York exchange, has just bought a 1,000-acre pistachio plantation in Coaling (California), for USD33 million.

Pistachios United States

Valio's Estonian operations report record sales in 2018

Finland Valio's Estonian operations (Valio Estonia) reported sales of EUR122.5 million in 2018, up 6% on 2017 thanks to stronger sales in extra-EU markets.

Valio Cheese

Saputo's Australian dairy takeover raises competition concerns

The Australian Competition and Consumer Commission (ACCC) has released preliminary competition concerns over the proposed acquisition of Lion Dairy & Drink's specialty cheese business by Canadian company Saputo.

Australia Cheese

Fonterra looks to divest shares in Beingmate

New Zealand dairy giant Fonterra said it is looking to cut its stake in troubled China-based baby nutrition business Beingmate as part of the co-op's restructuring plans.

IMF Fonterra
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