France: Bel in talks to acquire MOM Group
Bel, the French dairy multinational, has announced that it has entered into exclusive negotiations to acquire the MOM Group, a manufacturer of dairy and fruit snack products, from LBO France. Created at the end of 2006 with the merger of the Materne and Mont Blanc brands, MOM Group describes itself as the “undisputed market leader” in fruit compotes […]
Portugal: Bel Portugal launches “pasture milk”
Bel Portugal, the Portuguese arm of the French dairy firm Groupe Bel, has announced an investment of €5 million ($5.5 million) in a new production line for its plant of Ribeira Grande in the Azores and the launch of a ‘pasture milk’ under the Terra Nostra brand. Terra Nostra Pasture Milk is the first result […]
France: Group Bel to acquire majority interest in Safilait
Group Bel has signed an agreement with Fipar-Holding and Sopar to acquire 69.82% of share capital and voting rights in Safilait, a Moroccan dairy firm. Safilait is Morocco’s third-largest dairy company specialized in the processing, packaging and sale of fresh milk, UHT milk and fresh dairy products through its Jibal brand. Antoine Fievet, Bel Group’s […]
USA: Groupe Bel opens South Dakota facility
A new facility dedicated to the production of Groupe Bel cheese products has been officially inaugurated in Brookings, SD, USA. Groupe Bel said the new facility, which is its 28th production site worldwide, was a response to growing demand for Mini Babybel cheese in the American market. In 2013, US sales of Mini Babybel rose […]
France: Groupe Bel H1 profit down as raw material costs rise
The France-based multinational dairy company Groupe Bel, which owns brands including Babybel, Boursin, Kiri, Leerdammer and La Vache Qui Rit, has posted a profit fall for the first six months of its 2014 financial year. Net profit for H1 ended 38.9% down at €82 million ($106 million) while operating profit was down 48.4% to €47 […]