Glanbia PLC said Friday that it in advanced talks to build and operate a new cheese and whey production facility in Michigan, U.S.
The Irish nutrition and ingredients group said it is in advanced discussions with Dairy Farmers of America Inc., Michigan Milk Producers Association and Foremost Farms U.S.A to create a stand-alone joint venture for the new production facility.
Under the proposed venture, the three dairy cooperatives would supply all milk required by the plant while Glanbia will have full responsibility for all aspects of the business. The joint venture will be 50% owned by Glanbia and the balance will be owned by the three dairy cooperatives.
Commissioning of the new facility is expected to take place in the second half of 2019. The facility is estimated to process 3.6 million liters of milk per day.
By Tapan Panchal
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.