Saputo’s second quarter consolidated revenue of $881 million (USD), was down $36.7 million compared to last year. The drop was attributed to the lower cheese prices in the U.S. Dairy Sector. Net earnings were $58.3 million up $3.1 million for the period.
Bravo! Brands has signed a licensing agreement with Cooperative Regions of Organic Producer Pools (CROPP) to license its brand, Organic Valley, for a new line of organic fluid milk products. The initial agreement will involve the production of organic shelf stable 1% low-fat milk.
Trade Wave GmbH, Kassel, Germany, is a prominent name in the ice cream and food industries in Europe and the Middle- and Far East that is now making its products and services available to the North American Market.
Groupe Danone has increased its stake in Wimm-Bill-Dann Foods, Russia’s leading producer of juice and dairy products from 9.9% to 12.9%. The announcement came last month as the Russian partnership completed the acquisition of the Moscow-based dairy producer Ochakovo, the fourth-largest dairy producer in Russia.
SACRAMENTO, Calif.-Diabetes, which leads to other health risks and complications, is twice as common among Hispanic Americans as among Caucasian Americans, according to the American Diabetes Association.
CHELSEA, Mass.-What would the state of New Hampshire taste like if it were transformed into a frozen dessert? According to HP Hood, like a mix of vanilla malt ice cream swirled with chocolate malt and crunchy malt balls.