A Taste of Wellness for Savoury and Snacks
Givaudan
Strategic moves covered by FoodNavigator in the last month include:
Danisco obtaining European approval for its planned acquisition of ABF Ingredients' Abitec emulsifier business in the UK, which is expected to strengthen its position in some key European markets. The value of the deal has not been disclosed.
Danisco announcing that it will sell its sugar division to Nordzucker for DKK5600m, around €751m, bringing to an end months of speculation as to whether it would agree to a sale or opt to spin off sugar into a separate business.
CSM announcing plans to sell its Purac gluconates production plant in The Netherlands to Avebe, as part of a broader restructuring of manufacturing and focus on core competencies. The value of the transaction has not been disclosed.
DSM hoping to improve its international food enzymes activities through the acquisition of the business and all the assets of Valley Research, an American biotechnology company. The value of the deal has not been disclosed.
UK sweetener group Tate & Lyle moving to reduce risk to earnings from today's volatile commodity markets, announcing the sale of its international sugar trading operations to US oilseed giant Bunge. The value of the deal has not been disclosed.
Olam and Wilmar entering a joint venture to acquire a 20 per cent stake in PureCircle in a partnership aimed at strengthening the supply chain and increasing sales of natural high-intensity stevia sweeteners.
The two Singapore-based companies, working together under the joint name Olam Wilmar Investment Holdings , have invested a total of $106.2m (€66.9m) in the business move.
In the US, Imperial Sugar laying out out $4m to increase its stake in the Wholesome Sweeteners joint venture, a move that recognises opportunities in the organic sweetener sector.
Bunge announcing the signature of a definitive agreement to acquire Corn Products International for around $4.8bn, a major deal that plunges it into the high-potential sweeteners market.
Unilever announcing that it is selling its edible oils business and palm oil plantation interests in the Ivory Coast, and will instead invest in a soap business in the country.
The buyers of the business plus Unilever's interests in palm oil plantations Palmci and PHCI are Ivorian agro-industry company SIFCA and a 50:50 joint venture between SIFCA and two companies based in Singapore, Wilmar International and Olam International. The value of the deal has not been disclosed.