28-Feb-2011 By Ben Bouckley
Associated British Foods (ABF) has issued what stockbroker Shore Capital describes as a “rather subdued” trading update, following a disastrous UK beet sugar harvest
Agrana invests €27.6m in its Russian plant
28-Feb-2011 By Claire Videau
Agrana is investing €27.6m in expending its Russian fruit processing capacity, as it anticipates growing demand for fruit containing products.
CSM to increase prices in 2011 due to hike in commodity costs
24-Feb-2011 By Helen Glaberson
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.
Arla Foods heralds recovery despite Danish struggles
23-Feb-2011 By Guy Montague-Jones
Arla Foods claims to have put the recession behind it in 2010 despite coming under pressure from discount products in its domestic market.
21-Feb-2011 By Ben Bouckley
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.
DuPont extends Danisco offer deadline
21-Feb-2011 By Caroline Scott-Thomas
DuPont has extended the tender offer period related to its acquisition of Danisco shares by more than a month to April 1, 2011, the company has said.
Brenntag opens Jakarta distribution facility
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.
CSK plans to double dairy culture capacity
18-Feb-2011 By Guy Montague-Jones
CSK Food Enrichment is investing in a new dairy cultures plant in the Netherlands that will double existing production capacity.
CEO shares how Nestle copes with raw material price hikes
17-Feb-2011 By Jess Halliday
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.
Valio to open new ingredients facility in summer 2013
14-Feb-2011 By Ben Bouckley
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.
Cadbury integration hangover hits Kraft revenues
11-Feb-2011 By Ben Bouckley
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.
11-Feb-2011 By Guy Montague-Jones
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 board accepts DuPont offer
10-Feb-2011 By Caroline Scott-Thomas
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.
08-Feb-2011 By Elaine Watson
Kettle Foods' new owner Diamond Foods is pumping £6m into the gourmet crisp maker's Norwich factory in a bid to meet growing demand.
AAK seeks greater German market penetration
Confectionery fats supplier AarhusKarlshamn (AAK) is expanding its presence in the German market.
Olam to acquire UK confectionery fats supplier BFI
31-Jan-2011 By Jane Byrne
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)
31-Jan-2011 By Ben Bouckley
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 opens new premises
27-Jan-2011 By Ben Bouckley
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.
Jardox savours £1m factory investment
27-Jan-2011 By Ben Bouckley
Savoury ingredient supplier Jardox has completed a £1 million factory upgrade project that has doubled its production capacity.
PepsiCo gains Russian approval for Wimm-Bill-Dann deal
PepsiCo has received all the necessary regulatory approvals from the Russian authorities required to close its acquisition of Wimm-Bill-Dann.
Silver Spoon hails great Truvia business opportunity
26-Jan-2011 By Ben Bouckley
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 reports strong year, plans client diversification
26-Jan-2011 By Jess Halliday
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.
Thailand the immediate focus of Unifine in Asian expansion
25-Jan-2011 By Jane Byrne
Increasing demand for western style pastries in Thailand is behind ingredients supplier Unifine’s goal to expand its presence in that market this year.
Frutarom splurges £3m on UK ingredients firm
24-Jan-2011 By Ben Bouckley
Frutarom Industries has hit the acquisition trail again, buying UK-based ingredients firm East Anglian Food Ingredients (EAFI) for £3m.
DuPont would move food R&D to Danisco centres post acqusition
24-Jan-2011 By Jess Halliday
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.
Explosion at ADM cocoa processing facility
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.
Latin America spurs strong enzyme sales for Novozymes
21-Jan-2011 By Ben Bouckley
Novozymes says a 15% increase in group sales for 2010 follows strong growth in food enzymes, particularly in Latin America.
Novamont forms US subsidiary, eyes major expansion
Novamont announced it has launched a new bioplastics company in the US as part of its strategy to expand in North America.
Yeast leavens ABF’s ingredient business despite tough competition
20-Jan-2011 By Ben Bouckley
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 to open new German office from May 2011
18-Jan-2011 By Ben Bouckley
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.
CSM enters African market with new alliance
17-Jan-2011 By Jane Byrne
Leveraging its proficiency in nutrient fortification is one of the objectives of CSM’s newly announced foray into the African bakery market.
14-Jan-2011 By Shane Starling
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.
Cargill acquires German chocolate business
13-Jan-2011 By Helen Glaberson
Cargill is to acquire a German chocolate business, as part of the company’s wider plans to expand further into Europe.
Special products mean ‘sound’ results for Südzucker despite lower sugar yields
13-Jan-2011 By Ben Bouckley
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.
CSM could be target for bio firms that missed out on Danisco, analysts
13-Jan-2011 By Jess Halliday
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.
Callebaut stands by 4-year goals as choc market slowly recovers
12-Jan-2011 By Jess Halliday
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.
Solae's China centre to speed development for Asian customers
12-Jan-2011 By Dominique Patton
Soy ingredients company Solae opened a food application centre in Shanghai yesterday, promising to cut product development times for Asia-Pacific customers.
12-Jan-2011 By Mike Stones
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.
12-Jan-2011 By Shane Starling
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.
AAK creates four new spots at the top
AAK has appointed four global executives to its group management team, as it prepares for a new global growth spurt.
Cargill improves logistics and footprint at hydrocolloids plant
11-Jan-2011 By Jess Halliday
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 plans to tap synergies between Danisco and Solae
11-Jan-2011 By Jess Halliday
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.
Ethnic cuisine wins out in UK but EU market remains ‘fragmented’
10-Jan-2011 By Ben Bouckley
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 to be acquired by DuPont
10-Jan-2011 By Jess Halliday
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.
07-Jan-2011 By Ben Bouckley
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.
Sleaford Quality Foods bought by Indian multinational
07-Jan-2011 By Ben Bouckley
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.
AB Enzymes appoints business development director
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.
Healthy food vouchers are no golden ticket
03-Jan-2011 By Jess Halliday
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 to buy Rieber & Son savoury unit in Scandinavia
03-Jan-2011 By Caroline Scott-Thomas
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.
Rectory Foods ready for 2011 with group structure and move
22-Dec-2010 By Jess Halliday
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.