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Food Synlait Milk's Dairyworks sells Deep South ice cream brand

12:51  19 october  2020
12:51  19 october  2020 Source:   reuters.com

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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 . Past the great Lakes of New Zealand' s South Island, in the shadow of the Alps, lies some of the richest dairy farming

Lazza ice creams under the brand name Uncle John, Lazza Platform and Skei brands . Rev: 350 Cr • The largest ice cream maker in Kerala with more Besides working on a complete dairy portfolio — which may include butter, cheese and yoghurt — we could look at diversifying into other foods

(Reuters) - Synlait Milk Ltd said on Monday its unit Dairyworks had sold its Deep South ice cream operations to New Zealand-based food company Talley's Group, as it looks trim its portfolio and focus on its core cheese business. Synlait, which is part-owned by a2 Milk Company , did not disclose the deal value, but said it would take effect from Nov. 12.

The Deep South brand is about 42 years old, and was acquired by Dairyworks in 2016.

"While Deep South is a successful part of our current portfolio, ice cream is not our core business. The brand has strong growth potential for a business more focused on ice cream," said Dairyworks Chief Executive Officer Tim Carter.

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A wide variety of dairy milk ice cream options are available to you, such as flavor, local service location, and certification. There are 1,300 suppliers who sells dairy milk ice cream on Alibaba.com, mainly located in Asia. The top countries of suppliers are China, Taiwan, China, from which the

Dairy products or milk products are a type of food produced from or containing the milk of mammals. They are primarily produced from mammals such as cattle, water buffaloes, goats, sheep

"Dairyworks is going through a period of rapid expansion in our core categories of cheese, speciality cheese, yogurt, and convenience butters."

Dairy companies in New Zealand have been selling down non-core assets in a bid to reduce debt, improve earnings and overall operations.

Last year, Fonterra , the world's largest dairy exporter, unveiled plans to halt overseas expansion and sold its Tip Top ice cream business to UK-based Froneri and its 50% stake in DFE Pharma to a fund managed by British private equity and investment advisory firm CVC Capital Partners.

(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Subhranshu Sahu)

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