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Big news in the dairy world! 🧀 Arla Foods has made a move to acquire a majority stake in Egypt's Domty, valuing the company at a staggering $183m. This non-binding offer highlights Arla's intent to strengthen its footprint in the Middle East and North Africa, a region that's become crucial to their operations. Domty, a key player in Egypt's dairy market, has been a household name with impressive figures, reporting sales of E£7.5bn and a gross profit of E£1.58bn last year. Although Arla plans to delist Domty from the Egyptian stock exchange, the El Damaty family will still retain a share, with Mohamed El Damaty staying on as CEO. This move aligns well with Arla's strategic vision for the region, where they saw a 3.2% revenue increase last year. This acquisition marks a significant step for Arla, especially given their reported near-13% rise in foodservice volumes in the Middle East and North Africa. With Domty's alignment to Arla's growth strategy, we can anticipate exciting developments in the Egyptian dairy market. What are your thoughts on this strategic move? 🤔 #DairyIndustry #BusinessGrowth #Food

Big news in the dairy world! 🧀 Arla Foods has made a move to acquire a majority stake in Egypt's Domty, valuing the company at a staggering $183m. This non-binding offer highlights Arla's intent to strengthen its footprint in the Middle East and North Africa, a region that's become crucial to their operations. Domty, a key player in Egypt's dairy market, has been a household name with impressive figures, reporting sales of E£7.5bn and a gross profit of E£1.58bn last year. Although Arla plans to delist Domty from the Egyptian stock exchange, the El Damaty family will still retain a share, with Mohamed El Damaty staying on as CEO. This move aligns well with Arla's strategic vision for the region, where they saw a 3.2% revenue increase last year. This acquisition marks a significant step for Arla, especially given their reported near-13% rise in foodservice volumes in the Middle East and North Africa. With Domty's alignment to Arla's growth strategy, we can anticipate exciting developments in the Egyptian dairy market. What are your thoughts on this strategic move? 🤔 #DairyIndustry #BusinessGrowth #Food

Big news in the dairy world! 🧀 Arla Foods has made a move to acquire a majority stake in Egypt's Domty, valuing the company at a staggering $183m. This non-binding offer highlights Arla's intent to strengthen its footprint in the Middle East and North Africa, a region that's become crucial to their operations. Domty, a key player in Egypt's dairy market, has been a household name with impressive figures, reporting sales of E£7.5bn and a gross profit of E£1.58bn last year. Although Arla plans to delist Domty from the Egyptian stock exchange, the El Damaty family will still retain a share, with Mohamed El Damaty staying on as CEO. This move aligns well with Arla's strategic vision for the region, where they saw a 3.2% revenue increase last year. This acquisition marks a significant step for Arla, especially given their reported near-13% rise in foodservice volumes in the Middle East and North Africa. With Domty's alignment to Arla's growth strategy, we can anticipate exciting developments in the Egyptian dairy market. What are your thoughts on this strategic move? 🤔 #DairyIndustry #BusinessGrowth #Food

Big news in the dairy world! 🧀 Arla Foods has made a move to acquire a majority stake in Egypt's Domty, valuing the company at a staggering $183m. This non-binding offer highlights Arla's intent to strengthen its footprint in the Middle East and North Africa, a region that's become crucial to their operations. Domty, a key player in Egypt's dairy market, has been a household name with impressive figures, reporting sales of E£7.5bn and a gross profit of E£1.58bn last year. Although Arla plans to delist Domty from the Egyptian stock exchange, the El Damaty family will still retain a share, with Mohamed El Damaty staying on as CEO. This move aligns well with Arla's strategic vision for the region, where they saw a 3.2% revenue increase last year. This acquisition marks a significant step for Arla, especially given their reported near-13% rise in foodservice volumes in the Middle East and North Africa. With Domty's alignment to Arla's growth strategy, we can anticipate exciting developments in the Egyptian dairy market. What are your thoughts on this strategic move? 🤔 #DairyIndustry #BusinessGrowth #Food

Saputo, fails to find buyer, to close King Island Dairy Canadian owned Saputo Dairy Australia has announced the last operating season of King Island Dairy, planning to close the facility and retiring the brand in mid 2025. The decision comes after a 10 month review that ‘sought to maximise value for the business by conducting an intensive review of all commercial and financial alternatives for King Island Dairy, including a potential sale to a third party’, according to the company. The President and Chief Operating Officer (International and Europe), Saputo Inc. Leanne Cutts said the decision had not been taken lightly, with the closure the ‘most viable way to strengthen SDA’s competitiveness. Cutts said: “We have invested more than $40 million in all our Tasmanian operations over the past five years. “While our other Tasmanian brands such as Mersey Valley and Tasmanian Heritage are thriving, and King Island Dairy products hold a nostalgic place in the hearts of Australians, the brand has not maintained its position in today’s ultra-competitive food industry.” #manufacturing #dairy @Saputo Saputo Inc. https://lnkd.in/gEEjYKmu

South Africa’s Dairy Industry: Quality and Innovation 🧀 From artisanal creations to large-scale commercial production, South Africa’s dairy sector is thriving. Graham Sutherland, Culture Specialist of Synercore Food Holdings & Chief Judge of the 2024 SA Dairy Championships, breaks down what it takes to create award-winning cheese. 🌟 Read more about South Africa’s dairy leadership: https://lnkd.in/d6Rj4EA4 #SADairyExcellence #CheeseProduction #FoodQuality #ArtisanalCheese

NEW PARTNER : EVE Vegan is thrilled to embark on this new journey with GulfTIC Certification LLC as it represents a significant step within the rapidly expanding #vegan market. With the Gulf Union as a key player in global commerce, the alliance between EVE Vegan® and GulfTIC holds immense promise for both consumers and businesses alike. More information here : https://lnkd.in/gJcjkmHe #DubaiBusiness #GulfCollaboration #MiddleEastBusiness #DubaiPartnership #GulfOpportunity #GCCBusiness #DubaiConnections #GulfCooperation #UAEBusiness #MiddleEastPartnership #DubaiGrowth #GulfExpansion #GCCPartnership #DubaiTrade #GulfAlliance #UAEOpportunity #MiddleEastCollaboration #GulfDevelopment #GCCOpportunity

ICYMI: At the fall membership meeting, the Urban School Food Alliance celebrated the remarkable work of individuals and organizations committed to advancing nutrition and sustainability in #SchoolFood. Rich Petrone, Regional Sales Manager for Huhtamaki, accepted a recognition award for their historic work with USFA to create and bring to market a compostable, round 5-compartment tray. Learn more about this partnership: https://bit.ly/3OfDAJN

🚨 Machines Italia News Alert 🚨 Exciting developments in the #FoodProcessing sector with a touch of #NA-IN-ITALY! 🇮🇹 Nestlé to Invest €472 Million in Italian Pet Food Factory 🐾 Nestlé's colossal investment marks a significant stride in Italy's food processing landscape. The €472 million infusion into a state-of-the-art pet food factory underscores Italy's prowess in the global food industry. 👉 Key Points: Massive Investment: Nestlé's commitment of €472 million signals confidence in Italy's capabilities as a hub for food production excellence. Technological Advancements: The new factory is poised to integrate cutting-edge machinery and automation technologies, showcasing Italy's innovation in food processing equipment. Impact Beyond Borders: Nestlé's venture extends beyond Italy's shores, influencing North American markets with premium-quality pet food products. 🌎🍽️ Read more: Nestlé to Invest €472 Million in Italian Pet Food Factory #EngineeredwithPassion #MachinesItalia #FoodProcessingIndustry #NorthAmericainItaly #Manufacturing #InvestinItaly

✨Meet Marigona Qerkinaj, #QualityAssurance Manager at Vitafood. Marigona’s commitment to #foodquality has given #Vitafood a reputable status in the #foodindustry. The company's several important #standardcertifications ensure the maintenance of high-quality food production, which has earned the trust of their #clients and promoted their expansion into #internationalmarkets.🌍 Through the #collaboration with #USAID #CompeteActivity on a #leanmanufacturing project, Vitafood managed to increase staff activity, production #efficiency and reduce time waste⏱️. By improving their company operations, they have achieved better product quality, #sustainability and overall, a stronger brand reputation. Marigona’s story is one of #growth, both personal and professional, as she continues to be a valuable asset at Vitafood, always working towards advancing the food sector in #Kosovo. USAID DT Global #Vitafood #USAIDKosovo #CompeteActivity #QualityAssurance #FoodIndustry #LeanManufacturing #Kosovo