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Fonterra signs deal with A2 Milk Company to source A2 milk

February 21, 2018

Fonterra has announced a partnership with milk processor The A2 Milk Company (A2MC) to make A2 milk more available in New Zealand, Australia and parts of Asia. Described as a “comprehensive strategic relationship”, it will link Fonterra’s global milk pool and supply chain, manufacturing capability..

Merck inks $394M takeover of oncolytic virus play Viralytics

February 21, 2018

Merck is set to pay $394 million to acquire Viralytics. The takeover will give Merck control of an oncolytic immunotherapy that Viralytics is testing in combination with Keytruda in early-phase trials. Sydney-based Viralytics’ most advanced candidate is Cavatrak, a common cold RNA virus. Viralytics selected..

Meadow Foods acquires butter oil producer Roil Foods

February 21, 2018

UK-based dairy group Meadow Foods has acquired butter oil and ghee manufacturer Roil Foods for an undisclosed fee. Roil Foods produces a range of butter oils from anhydrous milk fat (AMF), which can be used in the production of chocolate or other products which require..

Covestro eyes coatings bolt-on acquisitions amid ‘crazy’ M&A margin backdrop – CEO

February 21, 2018

Covestro is unlikely to pursue any big-ticket acquisition targets at present due to a lack of options across most of its core businesses and “ludicrous” valuations in the industry, according to the German chemical major’s CEO Patrick Thomas. Smaller deals are possible for its coatings,..