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Britvic joint owners agree to sell

British food and leisure companies ,Bass andWhitbread have agreed to sell Britvic, their jointly-owned soft drink producer and the UK distributor of Pepsi. The...

Heineken reports 20 per cent profit increase

Higher sales and better prices helped Dutch brewer Heineken NV beat market expectations on Thursday, to report a 20 per cent rise in profits for...

Snacks maintain strong growth

Junk food sales across the globe have gained strength according to a new report from market research company Euromonitor. . The British consumer tops the...

Danisco launches enzyme range for breads

Denmark-based Danisco Cultor, a leading producer of functional ingredients, recently announced the launch of their POWERBAKE range (GRINDAMYL™) for the bakery industry. The range...

Sara Lee pushes ahead with restructuring program

US consumer products giant Sara Lee Corporation. , announced this week that it it to sell its Australia-based apparel operations to Pacific Dunlop for $31.5 million....

ADM and Kao in edible oil alliance

Global food processor Archer Daniels Midland Company (ADM) and Kao Corporation of Japan are to form a 50/50 joint venture for the manufacturing, marketing and...

Lesaffre subsidiary buys Red Yeast

SAF(USA), a subsidiary of Paris-based Lesaffre et Compagnie, the global yeast company, announced on Tuesday the purchase of Red Star Yeast from Sensient Technologies Corporation ,...

Food companies look to E-commerce

Food and drink companies will pump millions of pounds into e-commerce, this is the finding of a recent survey by the UK newspaper Financial Times. The...

Kerry set to deliver growth targets

Irish food ingredients group Kerry Plc reported on Tuesday a 16.1 per cent increase in annual profits. Pre-tax profits rose to 173.2 million euros ($157.7...

ADM signs phytosterol technology agreement

Archer Daniels Midland Company , a leading ingredients company, last week signed a license agreement with US biotechnology company Lifeline Technologies for phytosterol technology. The proprietary...

Imperial sugar to sell nutritional products business

The Imperial Sugar Company last week announced that it is to sell its Diamond Crystal Brands nutritional products business to US Hormel Foods Corporation for...

Penton Media acquires nutrition journal

US group Penton Media, Inc. announced last week that it has acquired the assets of San Diego, CA -based Nutrition Business International, LLC, publisher ofNutrition...

Roche vitamins merge in China

Three Roche vitamin producers have merged in Shanghai. Roche Taishan (Shanghai) Vitamin Preparation Co Ltd, Roche Xinya (Shanghai) Vitamin Co Ltd and Roche Sanwei (Shanghai)...

Kraft sues Schwan over frozen pizza business

Kraft Foods Inc. has gone to court in its battle for market share in the frozen pizza business, accusing Schwan's Sales Enterprises of stealing trade...

Nestlé annual profit up by 22%

Nestlé SA , the world's largest food company, announced that the full-year profit rose by 22 %, with net income rising to 5.76 billion Swiss francs...

Novozymes issues positive 2000 financial statement

Novozymes released its financial statement which reveals that the operating profit for the year meets the Group's growth target for 2000 as announced in connection...

Belgium to sue UK government over Interbrew/Bass Brewers deal

Belgium will seek ruling from the European Court of Justice after British government prevented beer giant Interbrew 's £2.3bn deal to buy Bass Brewers last year,...

Kellogg admitted second position on US cereal market behind General Mills

Kellogg yesterday announced that it saw itself "as number two in terms of US cereal market share", behind rival General Mills, when the company has...

Wild Group strengthens global focus

The Wild Group, the German flavour manufacturer, has reorganised its global management functions to strengthen its competitive position. "Our objective is to organise the functions...

Wal-Mart results affected by US growth slowdown

The US giant retailer Wal-Mart believes it has weathered the worst of the consumer cutbacks prompted by the slowdown in economic growth in its native...

P&G and Coca-Cola set up venture in juice & snack company

Coca-Cola and consumer products group Procter & Gamble have formed a joint venture to develop and market innovative juice-based drinks and snacks on a global...

IFF plans for BBA revealed

International Flavor & Fragrances Inc. provided yesterday an update regarding its integration of Bush Boake Allen and the progress of its reorganisation plan announced last...

Unilever US baking operations sold to George Weston

Bestfood US Baking subsidiary, owned by Unilever , was yesterday sold for $1.76bn to unexpected contender Canadian George Weston . The acquisition will potentially allow Weston to...

Consolidated Fruit seeks stake in Chiquita

The Wall Street Journal is reporting that a major shareholder of Chiquita Brands International is seeking to buy all or part of the banana company....

George Weston to acquire Unilever's US baking operations

The Canadian supermarkets group George Weston was to reach agreement last night for a bid to acquire Unilever 's baked goods operations in the US, worth...