Business

Groupe Caravelle to acquire equity stake in Naturex

Groupe Caravelle to acquire equity stake in Naturex

By Caroline Scott-Thomas

French industrial business Groupe Caravelle has said it intends to acquire an equity stake in Naturex, following Spanish group Natraceutical’s sale of its 15.35% stake in the company earlier this month.

United Biscuits sells KP Snacks to Intersnack

Intersnack snaps up KP Snacks for undisclosed sum

By Kacey Culliney

European Intersnack Group has snapped up United Biscuits’ KP Snacks for an undisclosed sum in a move that will enable the UK firm to 'dedicate focus' to its biscuits business, United Biscuits said.

Chr. Hansen expands in Russia

Chr. Hansen expands in Russia

By Caroline Scott-Thomas

Ingredient supplier Chr. Hansen has upgraded its Moscow offices and added an applications laboratory, in a move it says will help it to better respond to local customers’ requests.

Royal Wessanen to cut 300 jobs

Royal Wessanen to cut 300 jobs

By Caroline Scott-Thomas

Netherlands-based food company Royal Wessanen has said it will cut about 300 jobs in Europe as part of a cost reduction and restructuring programme, as it aims to adapt to the continued weak economy.

Synergies and mint trends: Wild and AM Todd one year on…

Synergies and mint trends: Wild and AM Todd one year on…

By Caroline Scott-Thomas

It has been a year since Wild’s acquisition of US-based mint specialist AM Todd and the flavours and ingredients firm says the deal has borne fruit on several levels – including allowing it to tap into new consumer flavour trends.

Exports and overseas growth drive Volac profits

NEWS IN BRIEF

Exports and overseas growth drive Volac profits

By Mark Astley

Dairy nutrition firm Volac has reported an operating profit increase of nearly 40% for the year ending February 2012, citing the impact of increased exports and improved profits from overseas operations.

Agropur to invest $100m in US whey processing

Agropur to invest $100m in US whey processing

By Mark Astley

Canadian dairy processor Agropur plans to invest more than $100m in a US whey processing facility to increase the plant’s capacity and upgrade existing technology.

Greencore boss Patrick Coveney described 2012 as 'a breakthrough year'

Greencore reports ‘breakthrough year’

By Mike Stones

Chilled food manufacturer Greencore has reported “a breakthrough year”, with revenue up 44.5% to £1,161.9M due to acquisitions and “business momentum”, for the full year to September 28 2012.

Nestlé eyes big food industry opportunities in Africa

Nestlé eyes big food industry opportunities in Africa

By Caroline Scott-Thomas

Nestlé has identified Africa as one of the biggest areas of opportunity for the food industry in the next ten to twenty years – both within the continent and for European food makers, according to Dr Serigne Diop, director of Nestlé’s R&D centre in...

First Milk eyeing expanding Asian dairy markets

First Milk eyeing expanding Asian dairy markets

By Mark Astley

UK dairy processor First Milk has set its sights on the rapidly expanding market for dairy products in Asian countries such as China, after identifying demand for British cheeses.

Greencore workers won an employment tribunal against the firm last week

Greencore workers win £1.2M pay row

By Mike Stones

More than 400 workers at chilled convenience food manufacturer Greencore’s Hull factory will receive up to £1.2M after winning an employment tribunal dealing with cuts in their pay.

Gelatine price increases continue at Rousselot

Gelatine price increases continue at Rousselot

By Caroline Scott-Thomas

Rousselot has said it plans to increase gelatine prices 7% up to low double digit levels for 2013 as continued growth in demand has not been met by raw material supply.

Naturex Foundation honours former CEO with name change

Naturex Foundation honours former CEO with name change

By Nathan Gray

Naturex has said it will honour the memory of recently deceased founder and chairman Jacques Dikansky by changing the name of the foundation he created to aid sustainability and community development.

One of Glendale Foods' Yankee products

Glendale Foods refurb breaks new ground in UK

By Rod Addy

Frozen food manufacturer Glendale Foods has delivered a UK first with the installation of a high speed multi-forming machine that can make up to 3,000 meatballs a minute.

Parmalat eyeing double digit growth for 2012

Parmalat eyeing double digit growth for 2012

By Mark Astley

Parmalat has reported double-digit revenue and profit growth for the first nine months of 2012, driven by strong performances by its US, Canadian, Australian and Russian segments.

DSM buys Fortitech for €495m; “We are done for awhile”

DSM buys Fortitech for €495m; “We are done for awhile”

By Shane Starling

Rampant nutrition business acquirer, Royal DSM, has splashed the cash for the ninth time in two years – this time to the tune of €495m ($634m) on US-based multinational nutrient blending giant, Fortitech (€212m/$270m annual turnover).

Mondelez Q3 results hit by developing markets

Mondelēz takes tumble in developing markets

By Oliver Nieburg

Mondelēz International was weighed down by operational issues in Brazil and Russia in the third quarter (Q3) which harmed overall performance in its first results since it split from Kraft Foods in October.

Q3 wrap: Nutrition stars for DSM and Naturex

Q3 wrap: Nutrition stars for DSM and Naturex

By Shane Starling

Royal DSM saw Q3 sales slip 7% to €2.3bn across all divisions with polymer intermediates performing worst, but as has been the case in recent quarters, the Dutch firm’s nutrition cluster held firm with 1% organic growth in difficult economic times.

Glanbia unveils €21m whey protein isolate plant investment

Glanbia unveils €21m whey protein isolate plant investment

By Mark Astley

Glanbia has unveiled a €21m whey protein isolate (WPI) investment at its Dairy Ingredients Ireland (DII) Ballyragget facility – the Irish dairy giant’s latest expansion effort driven by the up-coming milk quota abolition.

Chr Hansen profits up despite eurozone slowdown

Chr Hansen profits up despite Eurozone slowdown

By Shane Starling

Shares jumped more than 3% to just over €24.05 this morning in Danish enzymes, colours and cultures company Chr Hansen as its yearly revenue hit €699m. Profits improved 10.7% to €131.3m for the 12 month period ended August 31.

Unilever sales up 10% - but food business slides

Unilever sales up 10% - but food business slides

By Caroline Scott-Thomas

Unilever reported a 1.4% drop in its food sales volumes in the third quarter, as its spreads business suffered from high pricing relative to competitors – but overall revenue at the company was up 10.3%.

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