Gay Lea Foods Co-operative, a dairy products producer based in Canada, has agreed to acquire Black River Cheese Company, a cheese producer based in the same country.

The acquisition, which will be effective from 1 June 2016, will enable the acquiring firm to get a strong hold in the Canadian cheese market.

"Vietnam Dairy Products Joint Stock Company (Vinamilk) intends to complete the 100% acquisition of Driftwood Dairy Holding."

Vietnam Dairy Products Joint Stock Company (Vinamilk) intends to complete the 100% acquisition of Driftwood Dairy Holding Corporation, by purchasing the remaining 30% stake for a consideration of $3m.

Kaiku Corporacion Alimentaria (Kaiku Food Corporation), a Spanish dairy products producer, intends to increase its stake in La Lacteos Surlat cteos Surlat., a milk and milk products company based in Chile.

The acquisition, which will be closed by the end of August 2016, will increase Kaiku’s equity in the company from 60% to between 85% and 95%.