“The sale of Deep South enables Dairyworks to focus on our core business, explore new market opportunities and deliver strong shareholder value,” said Dairyworks CEO, Tim Carter. Receive our latest content delivered right to your inbox. dataLayerNews.related_tags = sanitize_gpt_value2("synlait, Ice cream"); The ability to copy articles is specially reserved for people who are part of a group membership. dataLayer.push(dataLayerNews); NEXT, A2 Milk Co. looking to acquire majority interest in New Zealand peer Mataura. Fax: +44 (0)1527 577423. PREVIOUS, Danone executive shake-up, asset review
Synlait Milk’s Dairyworks subsidiary has sold its Deep South ice cream brand and operations to New Zealand-based food company, Talley’s Group, effective 12 November 2020.. Deep South Ice Cream embodies the spirit of the South - no airs or graces, just good old-fashioned pure ingredients brought together to make delicious rich and creamy ice cream. } Any comment that We are a New Zealand owned and operated business, manufacturing award-winning ice cream from a factory in Christchurch, in the South Island of New Zealand . } If you continue to use this site, you consent to our use of cookies. Get the daily food news as it happens, Weekly News Summary:
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Synlait Milk sells Deep South ice cream brand to New Zealand's Talley's. Dairyworks Limited, a subsidiary of Synlait Milk Limited (Synlait), has sold its Deep South brand and associated ice cream operations to Talley’s for an undisclosed sum, effective 12 November 2020. Deep South is more than a four-decade-old company, which was acquired by Dairyworks in 2016. Sign up to our free newsletter and get the latest news sent direct to your inbox. return vOut; Free newsletter Quintessential Brands names James Lousada as CEO, International Dairy Federation elects Italy’s Brazzale as new president, Carlsberg Marston’s Brewing Company names Paul Davies as CEO, AB InBev CEO dismisses speculation of imminent departure, Brands Within Reach names Olaf Zachert as new CEO, William Grant & Sons CEO Simon Hunt steps down, Smithfield Foods announces retirement of president and CEO, Godiva announces departure of CEO Annie Young-Scrivner, Wessanen rebrands as Ecotone, commits to ‘food for biodiversity’, SunOpta to offload global ingredients segment for €330m, Grass-Fed Standard: The benchmark for Irish dairy, UN launches the Food Coalition to prevent Covid-19 ‘food crisis’, GEA to divest two companies under its farm technologies division, Bits x Bites’ Chinese agrifood tech fund raises $30m, Gallery: World Dairy Innovation Awards 2019, Gallery: EuVend & Coffeena 2019 at Koelnmesse, Cologne, Gallery: New beverage releases launched in April 2019, Gallery: New food products released in March 2019, Gallery: New beverage releases launched in March 2019, Gallery: IFE and Pro2Pac 2019 at ExCeL London, Fonterra to sell China farms to local partners for $369m, Heineken enters hard seltzer category with Pure Piraña launch, Coca-Cola Amatil invests in digital asset platform Centrapay, New Zealand’s A2 Milk offers $176m for 75% stake in Mataura Valley Milk, Toni Brendish steps down as Westland Dairy CEO, Coca-Cola Amatil vending machines accept digital currency, Synlait to acquire farmland in Dunsandel, New Zealand for $16.6m. $0.00 Banana Chocolate Chip. "The decision to divest the Deep South brand and its operations reflects Synlait's intention to increase value in line with our strategy," Synlait CEO Leon Clement said in a statement this morning (19 October).
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The brand has strong growth potential for a business more focused on ice cream.”, Synlait CEO, Leon Clement, added: “The decision to divest the Deep South brand and its operations reflects Synlait’s intention to increase value in line with our strategy.”. Synlait, which is part owned by The A2 Milk Company, has not disclosed the value of this latest deal with Talley’s. "Dairyworks is going through a period of rapid expansion in our core categories of cheese, speciality cheese, yogurt and convenience butters. Free newsletter - Last updated on
Deep South sold to Talley's for undisclosed sum. Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. “Dairyworks is going through a period of rapid expansion in our core categories of cheese, speciality cheese, yogurt and convenience butters. $0.00 Caramel … Dairyworks Limited, a subsidiary of New Zealand’s Synlait Milk Limited, has sold its Deep South brand and associated ice cream operations to Talley’s for an undisclosed sum, effective November 12, 2020. if(i!=(aTags.length-1)) Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information. Font size Email Print. 7 Kingsmead Square Tel: Intl +44 (0)1527 573 600. var aTags = gptValue.split(','); Dean Best,
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and Conditions ‘Participating in Online Communities’. If you continue to use this site, you consent to our use of cookies. }); Dairyworks CEO Tim Carter said, “The sale of Deep South enables Dairyworks to focus on our core business, explore new market opportunities, and deliver strong shareholder value., “Dairyworks is going through a period of rapid expansion in our core categories of cheese, speciality cheese, yogurt, and convenience butters.”. After Dinner Mint. For the full terms and conditions for commenting see clause 7 of our Terms You are agreeing for just-food.com to send you newsletters and/or other information about our products and services that are relevant to you by email. In March this year, New Zealand’s dairy processing company Synlait received approval from the Overseas Investment Office (OIO) for acquiring a stake in Dairyworks.
Clicking above tells us that you're OK with both this and with our privacy policy, terms and conditions and cookie policy. Synlait CEO Leon Clement added, “The decision to divest the Deep South brand and its operations reflects Synlait’s intention to increase value in line with our strategy.”, Copyright - Unless otherwise stated all contents of this web site are © 2020 - William Reed Business Media Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics:
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HOME; BECOME A RETAILER; PRODUCTS. Talley's is based in Motueka on New Zealand's South Island. Earlier this year, Synlait announced that it was acquiring several hectares of farmland adjacent to its Dunsandel production site for NZD 25 million ($16.6 million), as it aimed to expand its sustainability actions. These terms may be updated from time to time, so please read them before posting a comment. You can opt out of individual newsletters or contact methods at any time in the 'Your Account' area. P.S: If you liked this article, you might enjoy the just-food newsletter.
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The subsidiary company supplies branded dairy products such as butter and cheese, and also serves private-label customers. He said the brand has strong growth potential for a business more focused on ice cream. $(document).ready(function() { Dairyworks, purchased by Synlait earlier this year, is disposing of the ice cream brand to focus on its core dairy operations. Synlait Milk’s Dairyworks subsidiary has sold its Deep South ice cream brand and operations to New Zealand-based food company, Talley’s Group, effective 12 November 2020. Aroq publishes: just-auto.com | just-food.com | just-drinks.com | just-style.com, Sign-up to the just-food newsletters and get 'How Brands Are Making Our Food Healthier' for FREE, Daily Alert:
“While Deep South is a successful part of our current portfolio, ice cream is not our core business. Why might Nestle have swooped for Freshly? Get our weekly best-of roundup, Food Research Updates:
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