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.
In just 7 years, the company has shot to the top of the yogurt category.
December 3, 2012
Hamdi Ulukaya started the Chobani company (formerly known as Agro Farma) in 2005. With a Small Business Administration 504 loan, he bought a shuttered dairy processing facility from Kraft Foods in upstate New York and began making authentic strained Greek yogurt. Today, annual sales are about $1 billion.
Each of the three employees has a years-long background in the ice cream industry and familiarity with her targeted sales region.
November 30, 2012
Gifford’s Ice Cream, Skowhegan, Maine, has added three employees to its sales team. Each of the three employees has a years-long background in the ice cream industry and familiarity with her targeted sales region.
The dairy processor uses every trendy marketing tactic: food trucks, Twitter, Facebook and cause marketing.
November 29, 2012
A food truck, called the "Soup Boutique, Inspired by Hood Cream," is serving two cream-based soups. One soup recipe is prepared by Chef Jonathan Dunn of Lavishly Dunn Catering. The other is created by a local chef at each tour stop.
But the majority of Americans recognize the need for the government to help dairy farmers in some way.
November 28, 2012
"It's clear Americans feel strongly that the federal government should stay out of the milk pricing business," said Connie Tipton, IDFA president and CEO. "Dairy is a dietary staple and a primary source of essential nutrition to tens of millions of Americans. Artificially raising milk prices by manipulating the market, as proposed in the Farm Bill's Dairy Security Act, hurts consumers and it hurts taxpayers," she said.
Sargento Foods Inc. this week announced several personnel changes. Among them:Bob Strickland was hired as national customer business manager for Costco and Laura Meyer as customer research manager. Vince Juneau was promoted to consumer research manager for Walmart and Sam’s club team.
Our annual report card grades the various categories of dairy foods and beverages. None fail, but clearly, product developers need to bone up on chemistry to develop exciting new products. Remedial work in marketing principles will help convey dairy’s nutritional benefits.
Drought in the United States, less favorable conditions in Europe, an uncertain El Niño and a decrease in New Zealand pay prices have increased supply challenges in the year ahead.
After 16 months of steady price declines, the global dairy markets are on the rise again. The world’s appetite for dairy products hasn’t abated, while a slowdown in milk production growth in the United States and Europe this summer has put a squeeze on the international market. Supplies are expected to be snug well into 2013, pointing to continued strong prices ahead.