Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up on the same period of last year.
Private equity group Blackstone is close to acquiring the stake owned by investors Growth Capital Partners in Tangerine Confectionery, the largest British manufacturer of sugar confectionery and branded popcorn, claim media reports.
Elliott International has increased its Danisco shareholding to 10.01 per cent and has not yet given any indication of tender plans, despite the Friday deadline for 80 per cent of shares to be tendered in order for the deal to go through.
United Biscuits’ (UB) is aiming to increase the number of its suppliers signed up to the Supplier Ethical Data Exchange (Sedex) system to 80 per cent by the end of 2011, the firm said in its recent sustainability report.
Belgian supplier Puratos says its undisclosed acquisition this week of 17-year-old Latvian fruit fillings firm, Pure Food, is about expansion into the central and eastern European and Nordic regions – and the supermarket channel - but its artisanal customer...
French flavour firm Mane has entered into a joint venture in Jeddah to tap the growth potential of Middle Eastern food manufacturers – said to the first global flavour company to set up shop in Saudi Arabia.
A year on from the formation of Oenobrands, a joint venture between DSM and Anchor Yeast, we went down to their offices in Montpellier, France, to find out about its first crop of wine yeasts and enzymes.
Nestle is planning to buy a 60 per cent share in China’s Yinlu Foods Group for an undisclosed sum, in a move that will help household brand Yinlu gain more traction in the Central and Western regions of the country.
Givaudan’s has reported fair growth in Q1 in local currencies but a decline in Swiss Francs, but the second half of the year promises greater protection against raw material cost rises as a series of price increases will come into effect in Q2.
Chr Hansen has raised its outlook for 2010/11 after another fine set of results in Q2, with particularly strong performance from its colours and blends division – though it continues to keep close watch on carmine prices.
The European Commission today approved DuPont’s €4.5bn offer for Danish probiotics, enzymes and ingredients giant Danisco but the deal remains in doubt as to date only 6% of Danisco shareholders have accepted the offer.
Naturex will expand again in 2011 with several “€5-20m” targets, 1.5 years after completing the €110m integration of Spanish supplier Natraceutical that made the French botanical extracts supplier the biggest in the world.
Tate & Lyle looks set for full year results in line with expectations as its refocus on specialty ingredients pays off and it sells its mothballed facility in Fort Dodge, USA, to Cargill for US$57m (GB£36m)
Ongoing high prices for raw materials including cocoa, milk powder, sugar and wheat and a decline in contract manufacturing sees Swedish confectionery group Cloetta reporting second-quarter sales loss and falling first-half earnings.
Investment in a new £150k production line by UK-based Gordon Rhodes & Son will boost production capacity of its bespoke seasonings and mixes by up to 60% and improve customer service, says the company.
Nordzucker and Pure Circle have created their joint venture company to handle development, sales and marketing of stevia and steviasucrose ingredients in Europe, following their agreement to work together last year.
The German cartel office’s fine of €38m imposed on Kraft Foods, Unilever and Dr Oetker for illegal disclosure of ‘competition relevant information’ may act as a deterrent to other brand owners and help end such practices, claims an antitrust expert.
In this special edition, we provide another chance to read the five most popular articles on the acquisition of Danisco by DuPont – a $6.3bn that has elicited great debate about consolidation in ingredients and which other firms could be hot property...