Though some dairies saw sales fall last year, others reported increases. As they looked at the long-term prospects of the industry, businesses opened their checkbooks to acquire companies and to expand their processing capabilities.
Just as Dairy Foods was wrapping up its research into the 100 largest dairy processors in North America, the French dairy giant Danone announced it was buying Colorado-based WhiteWave Foods, a processor of organic dairy and plant-based beverages.
It was one of 12 food processing facilities nominated for the award. Dairy Foods invited the dairy industry to vote and help select the recipient. During a five-week period ending July 6, more than 3,500 votes were cast.
In 2015 Alibaba Group founder Jack Ma told a CNBC interviewer that the time to worry about next quarter was two or three years ago. If you are thinking today about what you are going to do in the next three months, you’ll be in trouble, he said.
The 100 largest dairy processors in North America clearly are planning ahead. They are building new plants and adding to existing ones, even though at least 30% of the companies reported lower sales in 2015 than in 2014. They are not going to let a one-year blip derail their plans for the future.