Latest news with #Lactalis
Business Wire
3 days ago
- Business
- Business Wire
General Mills and Lactalis Receive Regulatory Clearance for U.S. Yogurt Transaction
MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) and Lactalis today announced that the regulatory review for the sale of General Mills' U.S. Yogurt business to Lactalis is complete, and the transaction is cleared to close subject to completion of other customary closing conditions. The companies are targeting to complete the transaction in late June 2025. About General Mills General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Totino's, Annie's, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2024 net sales of U.S. $20 billion. In addition, the company's share of non-consolidated joint venture net sales totaled U.S. $1 billion. For more information, visit About Lactalis The world's leading dairy group, Lactalis is a French family business founded in Laval in 1933 with a single mission: nurturing a responsible future by pledging to provide the best dairy products possible, to support each and everyone's growth, in partnership with local territories. Present in 50 countries and nearly 270 dairies and cheese dairies around the world, its 85,500 employees add value to milk in all its forms: cheeses, drinking milk, yoghurt, butter and cream, dairy ingredients and nutrition. At the heart of the daily lives of millions of households, the Lactalis Group offers products under iconic brands such as Président, Galbani, Parmalat, Kraft Natural Cheese and Leerdammer, and as the world's leading player in PDOs is committed to perpetuating dairy know-how. Forward-Looking Statements Certain statements in this press release regarding the proposed transaction, including any statements regarding the expected timetable for completing the proposed transaction, and any other statements regarding future events that are not historical facts are 'forward-looking' statements made within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words 'aim,' 'anticipate,' 'believe,' 'could,' 'ensure,' 'estimate,' 'expect,' 'forecasts,' 'if,' 'intend,' 'likely' 'may,' 'might,' 'outlook,' 'plan,' 'positioned,' 'potential,' 'predict,' 'probable,' 'project,' 'should,' 'strategy,' 'target,' 'will,' 'would,' and similar expressions, and the negative thereof, are intended to identify forward-looking statements. All forward-looking information is subject to numerous risks and uncertainties, many of which are beyond the control of General Mills or Lactalis, that could cause actual results to differ materially from the results expressed or implied by the statements. Additional information concerning these and other risk factors can be found in filings with the SEC that are available through the SEC's Electronic Data Gathering and Analysis Retrieval system at including General Mills' most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. ###
Daily Record
15-05-2025
- Business
- Daily Record
Ayrshire dairy farmer's wind turbine proposals are given the go-ahead
Drumore Farm, near Maybole, produces up to 900 litres of milk a day to provide to French multinational dairy products corporation, Lactalis. A dairy farmer has been given the green light to decommission two wind turbines on his land and replace them with two larger ones to help his growing business. Drumore Farm, near Maybole, produces up to 900 litres of milk a day to provide to French multinational dairy products corporation, Lactalis. Now the landowner, Hugh Limond, wants to future proof his operation by dismantling the existing turbines, measuring 19.8m to blade tip, and install newer ones (27.95m to blade tip) that will keep his farm fully operational. As a result, a planning application was previously lodged with South Ayrshire Council, seeking permission for the works to be carried out. The works, approved under delegated powers, includes the decommissioning and removal of the two existing wind turbines and then the installation of two replacement wind turbines. Associated ancillary works including access track and electrical cabinets will be included, too. Agents in the proposal were Cogeo Planning and Environmental Ltd who said in a planning statement: 'Drumore Farm's existing development consists of two proven 15kW turbines, measuring 19.8m to blade tip. Consented in 2011, the wind turbines have been providing energy for the agricultural business since then. 'This development proposal seeks the repowering of the Drumore Farm turbines to install newer structures to support the growing farm business. Repowering of the turbines will involve the lowering and decommissioning of the existing turbines and the erection of two Best Watt BW45 turbines, measuring 27.95m to blade tip.' The statement continues: 'Drumore Farm is owned and managed by the landowner, Mr Limond. Drumore is a dairy farm, producing up to 900 litres of milk a day to provide to Lactalis. 'There is wind energy technology present onsite, but these turbines have become unreliable, with one broken down and is no longer operating. Therefore, this repowering proposal will be of significant benefit to the applicant, providing long-term advantages of a more modern turbine typology with reliable energy generation for the growing farm business.' The statement also reveals how a new agricultural shed has been constructed at Drumore Farm to house cattle and milking facilities. And this has 'increased' the energy demand at the site as the milking process, cooling the milk and scraping the shed are all 'energy intensive processes.' The statement goes on: 'The existing turbines have not been fully operational for the past few years. The turbine manufacturer no longer produces the turbine typology installed, with servicing and maintenance packages having become challenging and parts difficult to source. 'As a result, the applicant has not had reliable energy generation from the turbines onsite and seeks to remedy this.' The new turbines will be 'offset' from the existing ones because each turbine manufacturer specifies the foundation design required to support the structure erected and it is 'not possible' to reuse the existing foundations, resulting in a 'slight change' to the site layout. In approving the proposals, with conditions, council papers said: 'The proposals involve the decommissioning and removal of two existing wind turbines, and the erection of two replacement wind turbines, and associated ancillary works. The proposed turbines are to reach a height of 27.95 metres to blade tip, which is approximately eight metres taller than the existing turbines at the site. The proposed turbines shall continue to serve the steading and farming enterprise, and shall provide more modern and reliable turbines and energy source so as to support the continued operation of the dairy farm business. "Permission is sought for 35 years, which is noted by the agent to be the lifetime of the proposed turbines.' The report adds: 'It is considered that the proposal, subject to appropriate conditions being attached to any permission, will not have an unacceptable impact on the character, setting or appearance of the site, or the wider locality.'
Malaysian Reserve
08-05-2025
- Health
- Malaysian Reserve
Nourishing Stronger Bones and More Active Lives for the Whole Family
Formulated with high Calcium, Vitamin D & Magnesium, PRIDE helps address Malaysia's bone health gap where 95.5% of children lack daily calcium, and 1 in 3 seniors suffer from osteoporosis KUALA LUMPUR, Malaysia, May 8, 2025 /PRNewswire/ — Malaysian families seeking a delicious and nutritious milk powder just got a new reason to smile! Lactalis, the world's leading dairy company, proudly announces the launch of the PRIDE Family Milk Powder in Malaysia – marking a key milestone in its mission to nurture the future generations through quality, everyday nutrition. PRIDE is a trusted household brand in Saudi Arabia, with over 25 years of heritage in providing nourishing dairy to families. Now part of the Lactalis umbrella, this well-loved brand brings its signature creamy taste and essential nutrients to Malaysian homes. Designed for everyone in the family, PRIDE Family Milk Powder offers more than just nutrition – it is an affordable and versatile choice that seamlessly integrates into daily life. Its smooth, creamy taste and easily dissolving formula, even in cold water, make it perfect for drinks, cooking, and baking. In Malaysia, bone health is an increasing concern across all age groups. From children who need strong foundations for growth, to adults maintaining active lifestyles, and seniors preserving mobility, strong bones matter at every stage of life. Yet, many are not getting enough key nutrients: 94% of boys and 97% of girls do not meet daily calcium needs Vitamin D deficiency is widespread, especially among women, reducing calcium absorption by up to 80% 15.3% of Malaysians and 1 in 3 seniors (32.6%) suffer from osteoporosis That's where PRIDE Family Milk Powder steps in – an affordable, everyday solution to support stronger bones and better health for the whole family. At just RM1 per cup, two cups a day (with a balanced diet) help meet the recommended 700mg – 1000mg calcium intake. Why families prefer PRIDE: Rich, creamy taste – The preferred recipe*, chosen for its superior flavour in blind taste test High in Calcium & Vitamin D, with Magnesium – Promotes strong bone health and healthy teeth. Just two cups daily (as part of a balanced diet) help meet the recommended calcium intake of 700mg for children and 1000mg for adults. Vitamin D and Magnesium also supports better calcium absorption. Rich in protein – Supports muscle growth and repair Includes Vitamins A, B2, D and E – Boosts immunity, maintains energy levels, and supports healthy skin Easy to dissolve formula, even in cold water, making it versatile for drinking, cooking, and baking Affordable nutrition with quality at a family-friendly price Family friendly – Safe and nutritious for all family members aged 1+ 'At Lactalis, nourishing families isn't just our mission, it's our legacy and our responsibility', said Paul Cazes, General Manager of Lactalis Malaysia. 'As the world's leading dairy company, we believe dairy plays a vital role in supporting growth, health, and overall well-being – not just today, but for generations to come.' 'In Malaysia, dairy consumption is still low, and the availability of high-quality dairy options is limited. That's why we're here – to bring the goodness of dairy to families across the country. We believe everyone should have access to the best dairy, regardless of background. As the global leader and experts in the field, we are committed to nurturing a responsible future by providing the highest quality dairy products to support growth and well-being for all.' From building strong bones in growing kids, to supporting active adults and preserving mobility in seniors, PRIDE makes better bone health simple, delicious and affordable. Now available in two pack sizes: 450g at RM13.80 and 800g at RM22.40, PRIDE Family Milk Powder can be found in AEON, Asiamart, and mini markets nationwide. For more information, please visit our Facebook, Instagram, or TikTok. About Pride With heritage of over 25 years, Pride is a trusted brand offers a wide variety of dairy products mostly produced in Saudi Arabia such as: processed cheddar blocks, slices (retail pack & slices on slices food service pack), white cheese, mozzarella, triangles, spreadable cream and blended butter. Strive to deliver for Arab housewives & for professionals to make their cooking easy. Pride symbolizes the pride we take in providing accessible, value for money dairy products for the whole family. The Pride logo, in the shape of a medal & ribbon, highlights our commitment to excellence. Our goal is to provide nutritious dairy products that help keep you & family healthy and energetic. About Lactalis Lactalis Group is one of the world's largest dairy companies, headquartered in Laval, France. Founded in 1933 by André Besnier, the company today operates in over 94 countries, employing more than 85,000 people and owning over 300 brands. Some of the international brands are: President, Galbani, Lactel, Parmalat, Kraft. *Based on internal blind taste test conducted with 175 respondents, where Pride Milk Powder was preferred over a leading competitor by 66% of its participants. View original content to download multimedia: SOURCE Lactalis Malaysia
NZ Herald
05-05-2025
- Business
- NZ Herald
Potential buyers Lactalis, Bega Cheese step up for Fonterra's consumer business
'The ACCC's review will consider the competitive effect of the proposed acquisition in Australia,' it said. In a statement, Lactalis told RNZ no deal has been done with Fonterra. 'We would envisage many interested parties would participate in the sale process,' it said. 'Several pre-emptive steps are standard before any agreement being considered and Lactalis have not signed an agreement.' The sale of the consumer business – which includes Anchor, Kāpiti and Mainland – has been in the works for a year and the co-op has been on the road for the past month informing potential bidders. It is tight-lipped about who might be interested, repeating earlier comments that potential buyers may pre-emptively seek regulatory approvals. Australian dairy company Bega Cheese has openly expressed its interest, saying it is a natural buyer for the Fonterra businesses. But it is locked in a tussle with Fonterra about who has control of Bega Cheese trademarks if a sale goes through. Last week, the Supreme Court of New South Wales dismissed a case filed by Fonterra over trademark licensing agreements with Bega Cheese, saying it did not have jurisdiction to make a declaration on a deal which did not exist. Fonterra said the decision did not change its plan to sell the consumer business, which could be sold as one entity, as individual businesses, or be publicly listed. The co-op said it received 'meaningful buyer interest' in the businesses in line for sale, and few potential buyers have publicly declared interest. Other major dairy companies that may be interested include Swiss multinational Nestle, and France's Danone. – RNZ
RNZ News
05-05-2025
- Business
- RNZ News
Potential buyers step up for Fonterra's consumer business
The sale of Fonterra's consumer business - including Anchor, Kāpiti and Mainland - has been in the works for a year. Photo: Photo / AFP The contenders for Fonterra's consumer operations are becoming clearer, with leading dairy companies looking to get a slice of its prized assets. Lactalis - The world's biggest dairy company - is interested, with Australia's Bega Cheese, backed by billionaire Andrew Forrest, also in the mix. Australia's competition regulator the Australian Competition and Consumer Commission (ACCC) said it has received an application from France's Lactalis for an informal merger clearance to buy Fonterra's businesses. "The ACCC's review will consider the competitive effect of the proposed acquisition in Australia," it said. Lactalis has been approached for comment. The sale of the consumer business - which includes Anchor, Kāpiti and Mainland - has been in the works for a year, and the co-op has been on the road for the past month informing potential bidders. It is tight-lipped about who might be interested, repeating earlier comments that potential buyers may pre-emptively seek regulatory approvals. Australian dairy company Bega Cheese has openly expressed its interest, saying it is a natural buyer for the Fonterra businesses. But it is locked in a tussle with Fonterra about who has control of Bega Cheese trademarks if a sale goes through. Last week, the Supreme Court of New South Wales dismissed a case filed by Fonterra over trademark licensing agreements with Bega Cheese, saying it did not have jurisdiction to make a declaration on a deal which did not exist. Fonterra said the decision did not change its plan to sell the consumer business, which could be sold as one entity, as individual businesses, or be publicly listed. The co-op said it received "meaningful buyer interest" in the businesses in line for sale, and few potential buyers have publicly declared interest. Other major dairy companies that may be interested include Swiss multinational Nestle, and France's Danone. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
