Top 100 - Articles - Page 10

Earnings

Q3 revenues for Saputo increase a scant 0.2%; company looks to value-added milks, specialty cheeses

Higher milk costs resulting from amendments to the milk pricing formula in California are expect to negatively impact EBITDA over the next four months.

February 14, 2013

The Dairy Products Division (Canada) continues its investment strategy in product categories that offer growth potential, namely specialty cheeses and value-added milk products. The USA Dairy Products Sector continues to seek opportunities to mitigate the effect of higher milk costs resulting from amendments to the milk pricing formula in California.

Earnings

WhiteWave reports pro forma sales of $2.3 billion in 2012

The company plans to continue to build on its Coffee Creamers and Beverages platform by expanding its International Delight Iced Coffee product line with a new “lights-line” with 100 calories.

February 13, 2013

The Dean Foods spin-off said 2012 sales were about $2.3 billion.

Earnings

Agropur reports 2012 sales increased 5.1%

Agropur launched Baboo, which opened up a new category of dairy products intended for toddlers aged 12 to 24 months, and Natrel dark chocolate milk.

February 13, 2013

Agropur, the owner of Natrel, Québon, OKA, Sealtest and Island Farms and other brands, said sales increased 5.1%.

Earnings

Dean Foods reports a Q4 income gain compared to year ago

Sales for the year were down.

February 13, 2013

Fourth quarter consolidated operating income totaled $83 million, compared to a consolidated operating loss of $50 million in the fourth quarter of 2011. Pro forma adjusted fourth quarter consolidated operating income in 2012 totaled $157 million, a 16 percent increase from the $135 million reported in the fourth quarter of 2011.

Legal matters

Dairy Farmers of America settle with producers in Southeast Milk Antitrust suit

DFA and other parties have reached a settlement agreement totaling $158,600,000.

January 23, 2013

Dairy Farmers of America has reached a settlement agreement in the class action lawsuit in the southeastern United States.

Menu trends

Wendy's restaurants add Dean Foods TruMoo milk to its value menu

The chocolate milk is a option in a children's menu offered after 4 p.m.

January 3, 2013

Wendy's will offer TruMoo chocolate milk from Dean Foods Co. as part of a value meal designed for children.

Acquistions

Dean Foods to sell Morningstar Foods division to Saputo Inc.

The $1.45 billion deal is expected to close by the end of the year.

December 3, 2012

Dean Foods Co. is selling its Morningstar Foods division to Saputo inc. for $1.45 billion on a debt-free basis. The transaction is expected to close by the end of December 2012.

Acquistions

TreeHouse Foods buys aseptic cheese, pudding business from AMPI

TreeHouse calls itself the largest manufacturer of pickles and non-dairy powdered creamer in the United States.

November 30, 2012

TreeHouse Foods acquired the assets of the aseptic cheese and pudding business from Associated Milk Producers Inc.

Investment

Agropur plans $100 million investment in Wisconsin plant

This investment will increase the production capacity, improve the technology of the whey processing facility and wastewater treatment system.

November 26, 2012

Agropur is investing more than $100 million in its Luxemburg plant in Wisconsin in order to significantly increase the production capacity.

Expansion

Franklin Foods plans new plant in Arizona

The company will purchase milk and cream from United Dairyman of Arizona.

November 8, 2012

The Franklin Food West facility greatly expands manufacturing capacity for Franklin's rapidly growing Food Service, Industrial, Retail, Private Label and International businesses. This new production capacity will also be used to meet consumer demand for Franklin's recently launched Greek Cream Cheese. New modern technology has been acquired and will be installed to accelerate the company's Mission to "Re-Invent Cream Cheese for Today's Consumers."