French dairy firm Lactalis said on Friday it had agreed to buy siggi‘s, the U.S.-based maker of Icelandic style skyr yogurts, for an undisclosed price.
Lactalis said the deal “further expands our yogurt platform in the U.S. with this unique and fast-growing yogurt brand.”
After moving to New York from Iceland, siggi’s founder Siggi Hilmarsson felt American yogurt was too sweet and artificial for his liking. He felt homesick for skyr, a sweet Icelandic yoghurt/curd concoction.
Based on a recipe sent by his mother, Siggi began making skyr and went on to establish his own company in 2005 to sell it in the United States.
Privately-owned French dairy giant Lactalis has entered into an agreement to acquire US organic dairy business Stonyfield from Danone for US$ 875m.
Lactalis is launching a buyout offer for shares in Italian group Parmalat it does not already own, with the aim to delist the company from the Milan stock exchange.
Lactalis for years denied speculation that it planned to delist Parmalat, which was relaunched in 2005 after going bankrupt following a financial scandal two years earlier, to have free rein in running the group.
Romanian dairy producer Albalact is in the process of being taken over by French group Lactalis, Mediafax informs. Albalact’s shareholders have agreed to sell their stakes totaling 70.3 percent in a takeover bid launched by Lactalis aiming to hold 100 percent of Albalact.
This is the second big move the French group is making in Romania, after buying LaDorna from Jean Valvis in 2008.
Arla Foods and the privately-owned dairy company Lactalis have reached an agreement concerning the future of their common joint venture, Walhorn AG in Belgium.
Since the merger between Arla and Eupener Genossenschaftsmolkerei Walhorn (EGM Walhorn) in August 2014, Arla became the legal successor of the 49 per cent ownership of the joint venture company Walhorn AG – with the French dairy company Lactalis owning 51 per cent of the shares.
Since then, Lactalis and Arla have engaged in a dialogue about the future of Walhorn AG, and an agreement has now been reached for Arla to sell its legal shares of Walhorn AG to Lactalis on June 30th, 2015. The existing milk delivery agreement between both parties will continue with all rights and obligations until the end of June 2016. After expiry of the agreement Arla Foods and Lactalis will make another agreement in which Arla Foods takes the obligation to deliver 100 million kilogramm milk per year to Walhorn AG.
Walhorn AG operates a dairy site in the East Belgian village of Walhorn near Eupen, producing primarily milk powder, various liquid milk productsand cream.
The decision by Arla to sellto Lactalisits share of the Walhorn AG joint venture, will not change the future of the 800 members of the cooperative EGM Walhorn becoming cooperative owners in Arla Foods.
Ak Gida, one of the largest food producers in Turkey, has been sold to Laval, Mayenne-based French food producer Lactalis, a multi-national dairy products corporation, according to Ak Gida’s parent company Ulker.
French dairy products giant Lactalis acquired a controlling stake in Ak Gida for an undisclosed amount, according to a spokesman for Ulker.
Ak Gida is ranked 33th largest industrial corporation among Turkey’s 500 largest according to the Istanbul Chamber of Commerce with revenue of 1.87 billionTurkish liras ($700 million) last year.
Lactalis is a multi-national dairy products corporation. It is the 15th largest food company worldwide and one of Europe’s largest milk producers.