Ebro Puleva has reached an agreement in principle with Lactalis to sell its dairy business for EUR630m. The financial statements will be audited over the next four weeks and the final contracts of sale will be drawn up based on the terms initially agreed.
General Mills has introduced New Yoplait Greek yogurt, which is available in four flavors namely Strawberry, Blueberry, Honey Vanilla and Plain. This new yogurt is available throughout the US for a suggested retail price of $1.19 per 6 oz cup.
Sargento Foods has introduced a new selection of Reduced Sodium cheeses which the company claims contain 25% less sodium. The new cheeses come in six varieties, and will be available in slices, shreds and snack at grocery store shelves throughout the US in March.
Dean Foods has started converting its Schepps dairy product line to the Oak Farms brand in the Houston area. The company said that this move allows it to expand local brand presence Of Oak Farms. Oak Farms accounts for around 75% of Dean Foods' white milk in South Texas.
Parmalat has reported revenues of EUR3.96bn for the fiscal year 2009, an increase of 1.4% compared to EUR3.91bn in the previous year. EBITDA for the year was EUR367.8m, up 16.2% compared to EUR316.6m in the prior year.
Chobani Greek Yogurt (Chobani), owned by AgroFarma, has rolled out a new line of yogurt for kids, Chobani Champions. The company claims that one cup of Champions embodies 10% of the daily calcium requirement with five live and active cultures, along with three probiotics and 34% protein content of the daily value.
Arla Foods has reported profit of DKK971m for the fiscal 2009, which is higher than the budget by DKK71m.
Parag Milk Products, a manufacturer of Gowardhan private dairy, has launched its new brand of cheese called 'GO' Cheese. The company's cheese products will include Cheddar, Mozzarella, Spreads, Wedges and Powders made from cow's milk.
Land O'Lakes has reported net earnings of $49.27m for the fourth quarter ended December 31, 2009 compared to net loss of $33m for the same period previous year. Net sales for the quarter was $2.46bn compared to $2.67bn for the previous year quarter.
Himalaya International, a frozen food company which also exports its products to North America, has introduced Himalaya Fresh, a new line of fruit blended yogurts in Indian metro cities. The yogurts are blended with strawberry, strawberry banana, pineapple and mixed fruit.
Israeli company Anlit Advanced Nutrition, in association with Danisco, has launched Probiotic Yogurt Bears, which comes in vanilla flavor and contain Danisco's Howaru probiotic formulation. The company said that the formulation is supports digestive health and enhances the child’s natural immune defenses.
