Business

Heineken agrees $612m sale of Finnish business Hartwall

Heineken agrees $612m sale of Finnish business Hartwall

By Ben BOUCKLEY

Heineken has agreed to sell its Finnish 'multi-beverage' business Hartwall to Danish Royal Unibrew for €470m and the two brewers will extend a licensing agreement allowing the latter to brew the Dutch firm's eponymous flag brand under license.

Danone Dumex cuts Chinese infant formula prices by up to 20%

Danone Dumex cuts Chinese infant formula prices by up to 20%

By Mark ASTLEY

Dumex – Danone’s infant nutrition business in Asia – has announced plans to reduce the price of its infant formula products in China by up to 20% in response to an investigation into its and other manufacturers’ pricing practices in the country.

How might the sale of ADM cocoa impact the global cocoa supply?

Commodities Watch

Cocoa market awaits impact of ADM Cocoa sale

By Oliver Nieburg

The Archer Daniels Midland Company is in discussions to sell its cocoa processing operations. We find out how potential industry consolidation could affect the cocoa supply.

ADM in discussions to divest cocoa operations

ADM in talks to sell cocoa business

By Oliver Nieburg

The Archer Daniels Midland Company is holding discussions to sell its cocoa ingredients business - a business unit that saw profits plunge 24% last year.

CSM, Purac and Caravan become Corbion

CSM, Purac and Caravan become Corbion

CSM and subsidiaries Purac and Caravan Ingredients have unveiled their new strategy and company name, Corbion, as the company continues its repositioning as a bio-based ingredients firm.

The Pringles European expansion will happen steadily over the next two years

KELLOGG'S EXPANSION EXCLUSIVE

Kellogg inks Pringles EMEA expansion plan

By Kacey Culliney

Kellogg plans to introduce three new production lines to its Belgium Pringles plant within the next two years to cater to soaring demand.

European Commission approves acquisition, but deal not done yet

Commission clears Barry Callebaut Petra Foods buy

By Oliver Nieburg

The European Commission has said there is enough competition from ADM and Cargill to make Barry Callebaut’s $950m acquisition of Petra Foods’ Ingredients division free from competition concerns.

The factory incorporates well-equipped kitchens

Ingredients supplier prepares for NPD push

By Rod Addy

Ingredients firm Jardox has recruited innovations talent from Premier Foods to spearhead a new product development (NPD) push after opening a £3M new plant.

Banks have been accused of needless delays in making compensation payments

Food manufacturers await bank compensation

By Mike Stones

Own-label food manufacturers, meat processing firms and bakery ingredients companies are among 40,000 small and medium-sized enterprises (SMEs) still awaiting compensation after some banks mis-sold loan ‘protection’ products which proved both damaging...

Bakkavör’s broad portfolio helped it to offset the effects of bad weather and the horsemeat crisis, its boss claimed

Bakkavör says broad range beat poor weather and horsemeat

By Michael Stones

Chilled convenience food manufacturer Bakkavör claimed its wide product portfolio had allowed it to offset the effects of poor weather and the horsemeat crisis, after releasing first quarter results for the 13 weeks ended 30 March.

Spice demands have prompted Frutarom Savory Solutions to almost double German capacity

Spice demands: Frutarom doubles capacity in Germany

By Jane Joseph

Frutarom Savory Solutions, a division of Israel-based flavours giant Frutarom, is doubling capacity in Sittensen, Germany, to meet growing demand for savoury flavours from Germany and Eastern Europe. 

Q1 2013: Naturex net profit up 67%

Q1 2013: Naturex net profit up 67%

Naturex has seen sales rise 13.2% to €83.2m in Q1 2013, with Nutrition its star core business performer, leaping about 33% from €22m to just over €29m.

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