Merko Gida in joint venture talks with Pernod Ricard
Merko Gida, the Turkish food and beverage producer announced on
July 24 that it would establish a joint venture with French
beverage group Pernod Ricard.
Polyunsaturated fats may be linked to childhood asthma
According to Australian researchers, campaigns to reduce heart
disease by promoting polyunsaturated margarines and cooking oils
could be partly responsible for the recent dramatic increase in
childhood asthma in the developed world.
Sale of Leiner Davis Gelatin is still on track
Leiner Davis Gelatin, Goodman Fielder's international gelatine
business, is being sold to Germany's SGF Stoess AG for $310
Energy costs hit ADM earnings
Archer Daniels Midland Co. said on Monday that fiscal
fourth-quarter net earnings fell 6 per cent as the company took a
hit on higher energy costs and losses from some securities
San Miguel still in discussions with RFM
The Philippines' leading food conglomerate San Miguel Corp said on
Tuesday it was still discussing the purchase of soft drinks firm
Cosmos Bottling Corp with RFM Corp.
Cott finalises acquisition of Royal Crown
Cott Corporation announced on July 23 that it has completed its
acquisition of certain Royal Crown assets from Cadbury Schweppes
plc for approximately $94 million.
Gum Tech completes confectionery and gum sale
US company Gum Tech International inc. completed the sale of its
chewing gum and related confectionery product assets to WM Wrigley
Jr. Co. for $25 million.
China dominant soybean importer
China is the dominant destination for world exports of soybeans and
soybean meal, the American Soybean Association reports this week.
Tea for two, trade assoc formed
The Tea Packers Association (TPA) and the United Kingdom Tea
Association have merged to form a single trade association. The new
group will operate under the name of the UK Tea Association.
Ozone keeps veggies fresher
Praxair, Inc. announced a new ozone technology that improves the
quality of fresh cut fruits and vegetables.
Soft drink results help Mexican brewer
Solid results in its soft-drinks bottling business were expected to
offset weakness in packaging and retail units to give Mexican
brewer and bottler Femsa moderate second-quarter growth, analysts
Intensive biosecurity to control foot and mouth threat
The UK government introduced new measures on Monday to contain what
it described as a worrying outbreak of foot-and-mouth disease in
northern England, saying some of the country's largest pig herds
were under threat.
PepsiCo expands its snack market share in the Middle East
PepsiCo, Inc. announced that it completed its plan to acquire
Tasali Snack Foods, the leader of the Saudi Arabian salty snack
market, from Savola Snack Foods.
Dairy Brands considering share buyback
Corporate farmer Dairy Brands New Zealand Ltd announced today that
it is considering a share buyback, as it nears the completion of a
programme to sell its farms.
Mint and gum give a boost to Hershey
On July 20, the American confectionery company Hershey Foods
reported a 31 per cent increase in net income for the second