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Latest National Foods Stories

2009-06-26 12:57:00

National PR Campaign to Launch: New Line of European-Style Yogurts NEW YORK, June 26 /PRNewswire/ -- Hanna Lee Communications, Inc., a boutique PR agency specialized in food, beverage, travel and lifestyle, today announced that it was named the PR agency of record for Lowell International Foods, an Illinois-based, premium specialty food importer and producer. The one-year program includes comprehensive media relations targeting both trade and consumer media, website consulting and extensive...

2008-11-13 12:00:15

Australian Co-operative Foods, or ACF, which trades as Dairy Farmers, has announced that its shareholders have approved the National Foods proposal to acquire all of the shares in the co-operative for a cash consideration of A$5.65 per share. Ian Langdon, chairman of ACF, said: "Following this successful ballot, a court hearing will take place on November 18 to seek approval of the scheme. If court approval is granted at this time, it is proposed that the scheme will be implemented on...

2008-10-07 18:00:18

Tokyo, Oct. 7 (Jiji Press)--Major Japanese beverage firm Kirin Holdings Co. said Tuesday it has agreed to sell its Australian Dairy Farmers' yogurt license to New Zealand's leading dairy firm Fonterra Co-operative Group Ltd. For an undisclosed sum, Fonterra will acquire the rights to manufacture and sell the Australian firm's core yogurt brand SKI. Kirin plans to buy Dairy Farmers in November at the earliest through its National Foods Ltd. unit, Australia's biggest dairy company.END...

2008-10-04 15:00:10

By JANES, Andrew FONTERRA is expected to lift its payout forecast for this season by at least 30 cents a kilogram of milk solids after a board meeting on Thursday. The dairy industry expects the co-op to reveal the payout boost in an announcement on Friday in which it will also re-set the price of its fair value shares and make its initial estimate of the payout for the 2008-09 season. According to industry sources, Fonterra has been telling farmers at recent meetings to expect a...

2008-09-18 09:00:00

ConAgra Foods, Inc., (NYSE: CAG) one of North America's leading packaged food companies, today reported results for the fiscal 2009 first quarter ended Aug. 24, 2008. Diluted EPS from continuing operations was $0.23, including net $0.04 per diluted share of expense from items impacting comparability. Excluding those items, diluted EPS from continuing operations was $0.27. Overall sales grew 17%, including 9% sales growth from the Consumer Foods segment, reflecting the company's recent pricing...

2008-08-29 15:00:31

By JANES, Andrew FONTERRA will face a powerful new competitor across the Tasman with National Foods set to buy Australian co-op Dairy Farmers for $1.1 billion. After a competitive sales process, Dairy Farmers announced yesterday that it would recommend the bid by Kirin-owned National Foods to its farmer shareholders. It will require the approval of at least 75 per cent of its shareholders in a vote scheduled for mid- November. Fonterra pulled out of the race to buy Dairy Farmers in...

2008-08-26 15:00:40

By JANES, Andrew New Zealand's Fonterra will face a powerful new competitor across the Tasman with National Foods set to buy Australian co-op Dairy Farmers for $1.1 billion. After a competitive sales process, Dairy Farmers announced yesterday it would recommend the Kirin- owned National Foods' bid to its farmer shareholders. It will require the approval of at least 75 per cent of its shareholders in a vote in mid-November. Fonterra pulled out of the race to buy Dairy Farmers in June,...

2008-08-26 12:01:04

Kirin, the Japanese brewer, is expanding its food business in Australia through the acquisition of Dairy Farmers by its National Foods division. The acquisition, for 910 million Australian dollars, or $780 million, is intended to help it diversify away from a shrinking domestic market for beer. Analysts said the move by Kirin, which bought National Foods for $1 billion in November, begins a long-awaited consolidation of Australia's dairy industry, which largely comprises farmer...

2008-08-26 06:00:35

National Foods has announced that it will acquire all of the shares in Australian Co-operative Foods, which trades as Dairy Farmers, for a cash consideration of A$5.65 per share. This equates to an enterprise value of A$910 million for the cooperative. Under the terms of the proposal, it is intended that part of the cash consideration of A$5.65 per share will include a fully franked special dividend from Dairy Farmers of up to 594 cents per share. In addition, suppliers to Dairy Farmers...

2008-08-26 00:00:23

Tokyo, Aug. 25 (Jiji Press)--Major Japanese beverage company Kirin Holdings Co. said Monday that Melbourne-based wholly owned subsidiary National Foods Ltd., Australia's biggest dairy company, will purchase second-ranking Sydney-based Dairy Farmers. The deal is expected to be worth 884 million Australian dollars, Kirin said. Dairy Farmers, officially known as Australian Co-operative Foods Ltd., is a cooperative in which some 2,000 Australian farmers are investors. Its sales totaled...


Word of the Day
ambsace
  • Bad luck; misfortune.
  • The smallest amount possible or the most worthless thing.
The word 'ambsace' comes from a Latin word meaning 'both'.