With rumors emerging that Danone is selling its 51% stake in its fruit juice JV with Chuiquita Brands International, one industry source told BeverageDaily.com that the French firm was likely ‘glad to be rid’ of a business blighted by mismanagement.
Hot on the heels of helping to approve Ikea’s request to set up shop—or rather 20 stores—in India, an Indian minister has been working equally hard to woo Tesco ahead of a possible entry into the market.
Arla Foods plans to invest more than DKK 2bn ($357m) over the next 12 months to increase its global dairy processing capabilities, boost efficiency, and reduce its impact on the environment.
Cargill has said it intends to create a new sweeteners and starches joint venture in Saudi Arabia with agri-business firm Arasco, saying it will give the company a foothold in the fast-growing Middle East and North African market.
Unilever has warned of intense competition and volatile commodity costs but reported increased sales and profit in the fourth quarter, with double-digit growth in emerging markets.
Increasing demand for industry to produce healthier foods helped Novozymes to a strong 2012 performance in its food and drink business, however the Danish enzyme specialist says growth was ‘below expectation’.
Barry Callebaut has acquired Sweden’s ASM Foods from Carletti and has taken over additional operations from Carletti in Demark to up its production capacity in Scandinavia.
Dutch lager Heineken is the leading alcoholic drinks (AD) brand on Facebook but Smirnoff proved the fastest growing alcoholic drinks brands in December.
FrieslandCampina has entered into an agreement MYWO Food Group to acquire Dutch speciality cheese manufacturer Zijerveld and its packaging business unit, Den Hollander Food.
Pernod Ricard has finalized the €103m sale of Danish akvavit brands Aalborg and Brøndums to Norway’s largest spirits producer Arcus-Gruppen following regulatory approval, and reaffirmed its focus on 14 international 'priority brands'.
Hydrocolloids specialist CP Kelco has said it intends to increase production of CMC (carboxymethyl cellulose) at its plant in Äänekoski, Finland in line with growing market demand.
A new player in the stevia supply market promising purity levels “unmatched in the market place” says it will be in a position to start supplying commercial quantities of extracts by Q1, 2013 from a new state-of-the-art manufacturing facility in Thailand.
Heineken yesterday lost its final appeal against a European Commission decision to fine it around €200m ($264.7m) for alleged collusion in an illegal Dutch beer cartel, as the European Court of Justice (ECJ) condemned ‘patently illegal’ behavior in the...
Moody’s says it will not downgrade its ratings of Carlsberg and Heineken, despite the potential harm a massive French tax increase in January could pose to national beer sales.
Lindt and Haribo’s trademark battle over golden bears in Germany will drag on until a Supreme Court decision despite yesterday’s ruling in favour of Haribo, sources told this site.
Market analysts have branded Barry Callebaut’s $950 million takeover of Petra Foods' cocoa division ‘pricey’, but the Swiss chocolate giant has defended the move despite admitting it will hurt its pockets in the short-term.
With rumors swirling that Japanese giant Suntory is considering a $6bn IPO next year, one analyst reasons that any desire to enter the UK market could see it target Barr Britvic Soft Drinks.
Barry Callebaut is set to acquire the cocoa ingredients division of Petra Foods in a $950 million (€730m) deal that will see the firm ‘significantly strengthen its position in cocoa processing'.
FrieslandCampina plans to cuts its German workforce by more than 15% in an effort to increase its competitiveness in the country's supermarket-dominated “difficult” dairy market.
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.
DSM has successfully completed its €85m acquisition of Cargill’s cultures and enzymes business – increasing its “critical mass” in the €1bn market for dairy industry cultures and enzymes.
The Ethical Coffee Company (ECC) has launched a law suit against Nestlé subsidiary Nespresso in Paris claiming its larger rival ran a ‘systematic smear and defamatory’ campaign to discredit ECC's coffee capsules.
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.
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.
French dairy giant Danone has pinpointed the restoration of Southern European dairy product consumption and demand as one of its main short term strategic priorities.
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.
Global prices for a range of hydrocolloids, including microcrystalline cellulose, carrageenan, alginate products and other gums, have been raised by up to 15% by FMC BioPolymer.
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.
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.
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.
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 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...
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.
Croatian food company Atlantic Grupa has won a €307m finance package from the European Bank for Reconstruction and Development (EBRD) for new energy systems, sustainability certifications and working capital financing.
Premier Foods will shut two bakery sites and remove 130 distribution routes at a cost of £28m ($44.5m); a move sparked by its lost Co-op bread contract.
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.
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 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.
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.
Rival soft drinks firms Britvic and AG Barr have finally agreed a merger to create a £1.5bn business, which will trade under the name Barr Britvic Soft Drinks.
Operating profits dropped in two of the Real Good Food Company’s (RGFC) bakery businesses – Haydens and R&W Scott – but analysts say the group is on track entering the critical Christmas period.