DSM BioSolutions has seen increased demand for its outsourcing services from the food industry, with a growing number of larger companies realising the benefits.
DuPont benefited from last year’s acquisition of Danish specialty food ingredient company Danisco in the fourth quarter of 2011, as revenue more than doubled in its nutrition and health business – although the chemical group’s overall profit fell slightly.
Premier Foods’ £30M Brookes Avana deal with food group 2 Sisters is unlikely to result in complications with the competition authorities, according to city analysts.
‘Convenience’ is the watchword within cheese ingredients for Dutch firm Vika Food Ingredients, with the company focusing its R&D efforts on products with this benefit, having just signed a new co-operative partnership with A-ware Food Group.
UK-based bakery firm Finsbury Foods has announced improved sales in a first quarter (Q1) trading driven by significant gains in its export business, but high commodity prices continue to squeeze profit margins.
Cocoa giant, Barry Callebaut will become a first choice source of cocoa and chocolate for ice cream manufacturer Unilever under a new long-term global partnership.
Dairy Crest could be the next UK processor to find itself the subject of a takeover approach, while Müller will have to leverage its stronger market position to secure stronger growth in the country, analysts have suggested.
Exceptional sales growth for sugar will fuel expansion at Associated British Foods (ABF), say food industry analysts, even if Q1 continued to highlight struggles for the food ingredients side of the business.
SABMiller said today that ‘intense competition’ within European lager led to a fall in beer volume sales during the last quarter, but the brewer told BeverageDaily.com that it didn’t think there was a fundamental problem with the category in this market...
A downturn in sales throughout Western Europe has seen Barry Callebaut fail to meet its projected growth for the first quarter. However the Swiss chocolate supplier said it is still outperforming the market.
Arla Foods has signed an agreement with Russia’s third-largest dairy concern, Molvest Group, to establish its first production site in the country, which will produce yellow cheese.
Israel-based flavours, botanicals and speciality ingredients player Frutarom has acquired 56% of Slovenian flavour company Etol for US$24.9m (€19.6m) and will bid for the full takeover in the coming weeks.
Swiss chocolatier Lindt has recorded sales below market expectations and could be subject to a takeover from Nestle, according to an analyst from Kepler Capital Markets.
Robert Wiseman Dairies says it has agreed the terms of a £279.5m takeover deal by Müller UK (a wholly owned subsidiary of the German dairy giant) and is recommending the offer unanimously to shareholders.
Carr’s Milling Industries has reported solid Q1 results in a trading update as improved flour sales driven by new customers led to results that have surprised market analysts.
Favourable market trends and successful business strategies have driven strong profits in Agrana’s sugar and starch segments, creating 20.2% growth for the first three quarters of 2011|12, the CEO said.
Groupe Lactalis’ bid to take over Sweden’s second largest dairy player fits with the French firm’s strategy of reducing its reliance on cheese, and would give it further brands with which to pursue milk product growth in emerging markets, according to...
Barry Callebaut has acquired a 100% stake in Spanish company La Morella Nuts for an undisclosed sum as it aims to be the European leader for nut products.
Only a last minute change-of-heart from consumer giant Unilever will prevent hundreds of its workers hitting the streets of London tomorrow to demonstrate over changes to their pensions.
French flavour manufacturer, Aromatech, has formed a joint venture with a large Chinese flavour and fragrance company in a bid to better access China’s domestic food and beverages sector.
European food ingredient manufacturers Savena Group and Sfinc Group have agreed a merger deal that will see the new group become a leading provider of food ingredient mixes, say Savena.
The acquisition of the canning business of Premier Foods by Princes will not be referred to the UK Competition Commision after the company addressed concerns by selling its Fray Bentos brand.
Continuing on its recent acquisition trail, French botanicals group Naturex has bought up Polish pectin and juice concentrates manufacturer, Pektowin, in a bid to strengthen its concentrates portfolio and expand into emerging regions.
The co-operative owner of bakery and cereal ingredients supplier Limagrain Céréales Ingrédients (LCI) has reported a hike in net income of €23m in its full-year results.
Simply filling a soft drink bearing a trademarked brand name does not itself violate an EU directive regarding use of that sign, according to the European Court of Justice (CJEU) in a high-profile ruling involving Red Bull.
UK-based United Biscuits (UB) may have attracted bidders from Asia and major companies like Kraft and PepsiCo amid rumours the company has split its operations into a snacks and biscuit division, according to an analyst.
Scottish-based Nisha Enterprises has acquired Millar Confectionery for an undisclosed fee and plans to open a new sweet factory in Livingston, Scotland.
The £34.7M sale of Premier Foods’ four Irish brands, Chivers, Gateaux, McDonnells and the Erin licence, to the Boyne Valley Group underline worries about the food giant’s ability to generate cash, one leading analyst has warned.
British bakery firm, Warburtons, has announced plans to invest and diversify its business over the next ten years, both in the UK and abroad as it sees strong performance in gluten-free and eastern European markets.
French dairy giant Danone says it is refocusing its Chinese dairy operations after suspending operations at a yogurt facility in Shanghai, while Nestlé has closed an ice cream facility in the country.
JK Sucralose’s upgrade to a facility in China, which will be completed by June next year, is set to more than double the sweetener supplier’s annual capacity in the short term, and narrow the gap with market leader Tate & Lyle.
UK-based Premier Foods has reached an agreement to sell its chilled bakery business Brookes Avana to the 2 Sisters Group as it focuses on eight ‘power brands’.
Bakery ingredients firm Puratos has announced plans to build a €22m site in China and production facilities in Spain and Mexico as it looks to seize upon strong growth in emerging markets.
Danish company Palsgaard said a US $30m emulsifier factory located in Malaysia will be operational in just over 12 months and will bring the company closer to the supply of its key raw material - palm oil.
