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UK food supplier expands across the channel

Brake Bros, the UK food supplier to the catering industry, continued its expansion into France on Friday, when it announced the £17.1m ($24.5m) acquisition of...

Novartis buys 20 per cent of Roche

Novartis, the Swiss drugs company, said on Monday it has bought 20 per centof the voting shares in Roche, its competitor, for SFr4.83bn ($2.8bn) cash,...

Dairy giant hunts for chief

Plans to merge New Zealand's two largest dairy companies may be delayed by the search for a chief executive, an industry official said. No...

Ingredients company deals with its debt

Australian food ingredients group Burns Philp & Co Ltd said on Wednesday it would take up a Au$900 million bank facility and conduct a Au$240...

Frozen fruit juice bar hits France

Canandian frozen dessert and ingredients company CoolBrands International Inc. announced this week that it has entered into an agreement with Rolland, S.A. of Landerneau Cedex,...

Japan lifts pork ban

Japan on Wednesday lifted a temporary ban on imports of pork and pork products from Spain on the grounds that there is little possibility of...

Danone invests further in water

French dairy and biscuit group Danone is investing further in bottled water. The group announced today that it has acquired 50 per cent of Pureza...

EU businesses must be open to innovation

European businesses must manage the dynamics of innovation, according to a recently published report by the European Commission. The report, "Building an Innovative Economy in...

Pepsi completes sports drink purchase

Shareholders of US soft drinks maker PepsiCo and Quaker Oats Co approved this week PepsiCo's acquisition of the maker of Gatorade sports drinks. PepsiCo,...

Roche could suppress between 5,000 and 8,000 jobs

Roche, the Swiss pharmaceutical group, is planning on cutting between 5,000 and 8,000 jobs, representing 8 to 12 per cent of its employees, to reduce...

Bad time for biscuits

Campbell Soup Co., the U.S. soup giant, said onWednesday that its Arnott's biscuit unit in Australia will close its Melbourne plant in September, 2002, as...

Sports nutrition shows strong growth for Numico

Dutch nutritional products giant Royal Numico recently reported an increase in first quarter sales of 34.6 per cent to EUR 1,069 million (excluding the Dairy...

Request to sell GM foods

The Sri Lankan National Chamber of Commerce has appealed to the Health authorities to grant a concessionary period of at least two months to sell...

Kraft expects $8bn in IPO

Kraft Foods, the US food and beverage giant, said on Wednesday that it would raise $8bn in its upcoming initial public offering at a price...

Japanese food imports rise for 2nd year

Japan's imports of food products in 2000 rose 3.9 per cent from the previous year to $46.05 billion, marking the second consecutive year of increase,...

Flavours company reports dramatic drop in income

New-York based International Flavors & Fragrances Inc., a leading producer of flavours and fragrances, reported this week a 54 per cent drop in first-quarter net...

San Miguel and Pure Foods discuss merger

A functional merger may occur between the meat businesses of Philippine food and beverage group San Miguel Corp. and Pure Foods Corp., the company about...

Funding released for French farmers

In February this year the French government announced financial support for cattle breeders facing difficulties due to the mad cow crisis. Following in depth discussions...

Unilever to axe 8000 jobs

Anglo-Dutch food giant Unilever plans to lose 8,000 more jobs and close 30 plants as it integrates the recently acquired Bestfoods into its operations, a...

New look for Degussa flavours

The Fruit Systems Business Line of Degussa Flavors & Fruit Systems (formerly SKW Nature Products) on Monday announced the launch of Sweet Ovations, the new...

US baby food merger called off

US consumer food giant H.J. Heinz Co. and US Beech-Nut Nutrition Corporation called off their proposed $185 million merger on Friday after an appeals court...

French Babybel reports profit

French cheese group, Fromageries Bel, last week announced a net profit of E69m for the financial year 2000, representing an increase of 7.8 per cent....

ADM joins up with co-operative

Grains giant Archer Daniels Midland Co. and Farmland Industries, the largest farmer-owned U.S. cooperative, said on Friday they were forming a grain-marketing venture. The...

Unilever reports strong group turnover

Unilever, the Anglo-Dutch food and consumer products group, said on Friday that its five-year Path to Growth plan to improve sales and margins was on...

US collaboration to develop soup ingredients

US flavour specialists Senomyx, Inc.,and US soups giant Campbell Soup Company announced this week a collaborative research and license agreement to discover and commercialise new...

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