Associated British Foods (ABF) has issued what stockbroker Shore Capital describes as a “rather subdued” trading update, following a disastrous UK beet sugar harvest
CSM will be forced to increase prices and reformulate products in 2011 due to the “dramatic increase” in commodity costs said the Dutch firm as it posted its full year results.
Diageo has agreed a deal to buy Turkish spirits company Mey Içki for around £1.3bn from investment capital firm TPG Capital, in a cash and debt-funded deal.
Food ingredients and chemicals distributor Brenntag has opened a new, larger distribution facility in Jakarta to bolster the service and support it can offer to customers in Indonesia.
Nestle will use price increases as a last resort in the face of rising raw material costs, says its CEO, and only after implementing its 4-point strategy based on trend predictions, engaging suppliers, replacing ingredients, and cutting down waste.
Finnish dairy co-operative Valio is set to start construction of a new ingredients plant in Lapinlahit, to cater for increased demand within the baby food industry.
Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to the US giant's full-year accounts.
Fonterra has opened up new European headquarters in Amsterdam. Koert Liekelema, general manager for Europe, explains how the move will help the New Zealand dairy grow its value-added ingredients business.
Danisco’s executive board and members of its board of directors have accepted DuPont’s offer of DKK 665 per share, corresponding to 28,056 shares with a total value of DKK 18.7m, Danisco said on Wednesday.
Singapore based Olam International is to acquire UK confectionery fats supplier Britannia Food Ingredients (BFI) along with a logistic services component for £33.5m ($50m)
Tate & Lyle could be vulnerable to a takeover by an industry rival such as Cargill, according to a lawyer specialising in food industry mergers and acquisitions.
EHL Ingredients has just moved to new UK premises that it says will expand its storage facilities and improve the efficiency of its blending and repacking processes.
Silver Spoon has hailed its strategic partnership with Cargill to market and distribute zero calorie, stevia-based sweetener Truvia in the UK as a “great business opportunity”.
Naturex has reported a bumper year of organic growth with sales up 21.6 per cent, and is planning the next stage in its development following the integration of Naturaceutical’s ingredients division.
Increasing demand for western style pastries in Thailand is behind ingredients supplier Unifine’s goal to expand its presence in that market this year.
DuPont would look to move its food ingredients R&D to Denmark following its acquisition of Danisco, and adopt the latter’s Sales and Application development organisation to get ingredients to market, offer documents reveal.
Archer Daniels Midland Company (ADM) is currently assessing the impact of an explosion that occurred on a production line at its cocoa processing facility in Wormer, Netherlands, which was followed by a short, intense fire.
Associated British Foods (ABF) saw ingredient revenues rise by 6% in the first quarter, despite strong competition in European and US yeast markets and soaring commodity prices.
Vitiva will establish a German subsidiary office from May that it says reflects strong interest within the EU's largest market for its rosemary-based anti-rancidity management ingredients.
DuPont’s €4.9bn acquisition of Danish probiotics and sweeteners specialist Danisco this week is vindication of the increasing economic viability of functional foods, according to analysts.
German food ingredients giant Südzucker has reported ‘sound’ third quarter results despite lower yearly sugar yields, with profits boosted by the success of its special products division.
More deals in the mould of Danisco-DuPont could be feasible, as analysts predict other ingredient firms with small bio-business, such as CSM, will generate acquisition interest.
Gourmet and specialty chocolate, and emerging markets, drove sales volume growth for Barry Callebaut in Q1, but Western Europe and the US are still showing mixed results.
Soy ingredients company Solae opened a food application centre in Shanghai yesterday, promising to cut product development times for Asia-Pacific customers.
Danish bioscience firm Chr. Hansen is raising its revenue predictions by 11-13 per cent for 2010/11 after what it describes as “strong growth” in its first quarter from the September 1, 2010 to the end of November.
Royal DSM says it stands to make €129m if it accepts DuPont’s bid and sells its 4.95 per cent stake in Danish supplier Danisco, but has not stated it would accept the offer.
Cargill Texturizing Solutions has made a number of upgrades to its hydrocolloids plant in Baupte, northwest France, as it works to improve efficiency and working conditions.
DuPont expects to become a ‘premier specialty food ingredients provider’ as a result of acquiring Danisco, and expects it to be particularly complementary to its Solae soy protein business.
UK consumers are increasingly keen on ethnic cuisine, but the market in mainland Europe remains ‘fragmented’, according to a new report from market research firm Keynote.
Danisco is to be snapped up by DuPont for $6.3bn, in a deal Dupont says could create a global leader in industrial biotech – and help drive science-based solutions to the world’s food and fuel challenges.
London-based Bompass & Parr says its flavour-changing chewing gum that brings Willy Wonka’s famous three-course meal confection closer to reality could be on sale within 12 months.
Indian multinational Jain Irrigation has acquired a controlling stake in UK-based food ingredient supplier Sleaford Quality Foods for a sum believed to be around £10m.
Prof Dr. Karl-Heinz Maurer has been appointed as AB Enzyme’s director of business development, focusing on the company’s 2nd generation biofuels from biomass initiatives.
Change4Life healthy food vouchers are just the ticket for food industry marketers. But changing eating habits requires consistent, co-ordinated policy – not hand-outs to ease the population’s post-Christmas conscience.
Frutarom has agreed to acquire the industrial savoury spice division of Scandinavian company Rieber & Son ASA for approximately US$4.2m (25m Norwegian Krona), the company has said.
UK poultry and ingredients firm Rectory is preparing for a new growth spurt with a move into a central Manchester location and a corporate restructuring to create Rectory Food Group as a holding vehicle for its divisions and brands.
