GFM Network News

Parmalat’s play for Kraft cheeses clears regulators

Dairy giant Parmalat’s proposed $1.62 billion deal for Kraft Heinz’s “natural” cheese business in Canada has cleared federal antitrust regulators. The federal Competition Bureau on Thursday said it issued a “no action letter” to the two companies and would put up a position statement detailing its reasons in the “coming days.” The deal is expected […] Read more

Saputo buys further into Australian cheese market

Canada’s biggest dairy processor has reached a deal to buy further into the Australian market, by buying the “everyday cheese” business of Australian beverage and dairy giant Lion. Saputo on Monday said it had reached a deal for Warrnambool Cheese and Butter Factory, its 88 per cent-owned Australian subsidiary, to buy Lion’s “EDC” business for […] Read more