News in Numbers

European dairy giants Arla and DMK are to merge, creating a business with a pro-forma, annual revenue of €19bn ($21.56bn).

Meanwhile, Greencore’s move to buy Bakkavör – and create a company with £4bn ($5.39bn) of turnover – has got the backing of its takeover target’s board.

Beyond Meat’s decline in first-quarter sales. The under-pressure meat-free firm is forecasting Q2 sales could fall by as much as 14%.

The price Conagra Brands secured for shelf-stable pasta brand Chef Boyardee. The deal was Brynwood Partners’ largest-ever acquisition.

General Mills has revealed a “global transformation” programme that will incur costs of around $130m as the US food major seeks to boost productivity.