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.
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."
Kraft natural cheese, Philadelphia and Velveeta drove strong volume/mix gains.
November 7, 2012
Net revenues in the third quarter grew 3.0 percent to $4.6 billion. Organic Net Revenues increased 3.2 percent from volume/mix gains of 2.6 percentage points and favorable pricing of 0.6 percentage points, reflecting significant gains from new products.
Swiss Valley Farms said the Platteville facility had been non-operational after the dairy cooperative transferred production of its Baby Swiss wheels, loaves and no-salt-added Swiss blocks to White Hill Cheese, Shullsburg, Wis., in October 2011.
October 9, 2012
Swiss Valley Farms, Davenport, Iowa, said it sold its Platteville, Wis., cheese manufacturing facility to Tritent International Agriculture Inc., Chicago. The sale became effective Sept. 18, 2012. Details of the transaction are not being publicly disclosed.
The CPG giant eliminates more than 14 million pounds of salt in over 1,000 SKUs.
September 27, 2012
Sodium in Kraft Singles American Slices has been reduced 18%. The figure is 30% in Kraft Easy Mac Cups Original and Triple Cheese. Other cheese products with sodium reduction of more than 10% are Kraft Grated Parmesan Cheese and Breakstone's 2% Cottage Cheese.