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August 15, 2014
Dairy Foods has enhanced its 2014 report of the largest dairy processors. Visitors to the 2014 Dairy 100 can link to company websites directly from the listing. We have also provided links to annual reports and other financial information for publicly held dairy processors.
Land O'Lakes Inc., Arden Hills, Minn., said that its Dairy Foods business segment in 2013 generated record pretax earnings of $75 million on sales of $4.5 billion, up 8% from 2012. The results were driven by improved margins on milk powders and butter in Global Dairy Ingredients along with records in sales volume and earnings in the Retail Foods and Foodservice businesses.
In the company's Cheese Segment, revenues increased from a combination of higher prices, volume gains and improved product mix with significant gains in Kraft natural cheeses and Velveeta
August 1, 2013
Kraft Foods Group, Inc. Northfield, Ill., reported today that net revenues in the second quarter declined 1.1% to $4.7 billion and that operating income increased 53.5% to $1.4 billion in the period. In the company's Cheese Segment, revenues increased from a combination of higher prices, volume gains and improved product mix with significant gains in Kraft natural cheeses and Velveeta.
The company saw "significant consumption growth" in its natural cheeses and Velveeta business in the first three months of the year.
May 2, 2013
"We're off to a solid start," said Tony Vernon, CEO of Kraft. "Our first quarter results reflect strong returns on our new product innovations to date, as well as the fact that our cost savings outpaced our plans to reinvest in our brands."
Darigold exports two thirds of its milk powder production and three-quarters of its whey products.
April 20, 2013
Seattle-based Darigold, the marketing and processing subsidiary of the Northwest Dairy Association, announced the completion of its new milk powder dryer at its Lynden, Wash., processing plant. A fire destroyed the dryer in February 2012.
In January, products from the Coleman Dairy division were changed to the Hiland label.
April 12, 2013
The Roberts Dairy brand will be discontinued in May when the dairy's milk and dairy products will be marketed under the Hiland Dairy Foods label. In a statement, Hiland said "the move will solidify the synergy between two of the country’s finest dairy producers, under one name."