Over the period, wholly owned revenue increased 8.4%, constant currency. On a reported basis, reflecting the stronger US Dollar Euro foreign exchange rate, revenue increased 16.2% when compared to the same period in 2018. The drivers of revenue increase on a constant currency basis were volume growth of 1.4%, acquisitions of 9.7% offset by a price decline of 2.7%. Watson acquisition In February 2019, Glanbia completed the acquisition of Watson LLC and Polymer Films LLC for $89m in cash....

The Specialty Cheese Business is conducted at two manufacturing facilities located in Burnie and King Island, Tasmania, Australia, and employs approximately 400 people. The purchase price of A$280m (US$197m), on a cash-free and debt-free basis, will be paid in cash at closing from cash on hand and available credit facilities. The sale to Saputo will include all of Dairy & Drinks’ specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi Farm...

The double-seat valve is designed with a sterile leakage chamber that is hermetically sealed from the atmosphere by two side valves. As with the entire aseptic D-tec range, GEA said the sealing properties of the new valve stem diaphragm increase the shelf life of milk-based and lactic acid-fermented products, as well as soft drinks and fruit juices. The company added if manufacturers adapt their process chain, the D-tec can help them achieve a desired shelf life with fewer...

“We consider that the proposed conduct would not result in a net public benefit​,” ACCC commissioner Roger Featherston said. “The proposed minimum retail prices would mean retailers who are currently offering cheeses at lower prices to consumers could no longer do so.​ “It would also reduce the competitive pressure on other retailers to offer lower prices, including major supermarket chains.”​ The ACCC said the evidence provided by Meredith Dairy suggests smaller retailers are advertising...

Glanbia will also debut BevOat Low Viscosity, designed for ready-to-drink (RTD) beverages. Sustainable sports nutrition Following the sustainability theme of the Vitafoods 2019 event, Glanbia Nutritionals will be highlighting innovation and application know-how across various plant-based solutions. Glanbia will introduce two plant-based sports nutrition prototypes at the show. The first designed for pre-workout is FitNox Fueled RTM, featuring FitNox, a source of 100% plant-based nitric oxide...