date:Jul 21, 2012
ver of $19.5bn (14bn) for the year.
Swiss food and beverage colossus, Nestl maintained its position at the top of the table, after recording dairy sales of $25.9bn (18.6bn) in 2011.
Mergers acquisitions
The most notable shift at the top end of the table is the continued rise of Lactalis,said the Rabobank report.
The June 2011 acquisition of Italian dairy group Parmalat gave Lactalis access to several new markets around the world, the report added.
With on-going sales growth and the acquisi