Italian dairy group Granarolo has bought U.S. cheese producer Calabro Cheese as part of its plan to expand its presence abroad, the company said in a statement on Monday. The group did not disclose the price of the...
US-based Dairy.com buys 100% stake in Mr Milkman in first India investment
US-based dairy technology, services, and intelligence provider, Dairy.com, has made its first investment in India with the acquisition of Mr Milkman, a last-mile dairy supply chain SaaS platform. The company has...
JSPL affiliate firm Sarda Mines is top bidder for Kwality Dairy
Sarda Mines, a company affiliated with Jindal Steel and Power Limited (JSPL), has emerged as the winning bidder for Kwality Dairy after the milk and dairy products manufacturer was put on auction through an e-bidding...
Jubilant Foodworks acquires 25% stake in nutrition company Wellversed
Jubilant Foodworks Ltd (JFL), a quick service restaurants operator and master franchise of brands such as Domino’s Pizza and Dunkin’ Donuts, on Thursday, said it has acquired 25 per cent stake in Gurugram...
McLeod Russel steps out of insolvency after settlement with creditor
The promoters of McLeod Russel India, the country’s largest tea producer in India, have reached a settlement with financial creditor, Techno Electric & Engineering, paving the way out of insolvency. Aditya Khaitan...
French dairy giant Lactalis may buy Kwality Dairy in fire sale
French dairy giant Lactalis is in talks to buy Kwality Dairy(now Kwality) in a fire sale as the company’s creditors have failed to reach a timely agreement on its debt resolution, forcing the National Company Law...
Cargill, Continental Grain to buy chicken producer Sanderson Farms for $4.5 billion
Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring...
Toennies, Germany’s largest meat processor, not for sale – family owners
Germany’s largest meat processor Toennies is not for sale and its ownership structure will remain unchanged, its family owners said on Wednesday. The company’s stakeholders – Robert, Clemens and Maximilian...
PepsiCo says Tropicana selloff won’t hit India business
PepsiCo said its India business will not be impacted by the company’s divestment of Tropicana and other select juice brands in the US and Europe announced on Tuesday. “The transaction announced today by PepsiCo applies...
Kingfisher stake sale, fewer provisions to drive SBI’s Q1 profit: Analysts
The country’s largest state-owned bank, State Bank of India (SBI), could report a healthy set of numbers for April-June quarter of FY22 (Q1FY22) on Wednesday, August 4, supported by recovery from United Breweries...
Karnataka Milk Federation to invest Rs 1000 crore for expansion in Maharashtra through acquisition route
On the spree of major expansion in the Maharashtra market by entering into newer markets of Vidarbha, Karnataka Milk Federation (KMF), which owns “Nandini” the second-largest milk brand in the country, has planned...
United Spirits exits HipBar investment
Liquor major United Spirits Limited (USL) has sold its stake in technology start-up Hip Bar Pvt. Ltd, for an estimated ₹52 lakh, three years after investing ₹27 crore in the Chennai-based company that started out as a...
