Finnish company Fazer has set a target to certify its entire cocoa supply by 2017 to ensure its cocoa comes from traceable sources and is free from the worst forms of child labour.
Ingredients supplier CSM has suffered a 23% fall in profits in its first quarter (Q1) results driven by weaker demand in artisanal bakery in Europe, which could force job losses.
Nestlé’s $11.85bn (€9.02bn) acquisition of Pfizer Nutrition may run into anti-trust hurdles after it beat Danone to the drug giant’s global infant nutrition business, according to an analyst.
Cargill has added a center of expertise to its cocoa processing facility in Wormer, the Netherlands and automated warehousing at the Port of Amsterdam following a €57m ($82m) investment.
Nestlé has recorded 7.1% growth for its confectionery business in its first quarter (Q1) results released today driven by emerging chocolate markets such as Latin America and Asia.
Nestlé has revealed that cost pressures affecting its US ice cream business led to it scrap promotion-led sales in 2012 and says the impact on pricing had been “quite dramatic”.
First half EBIT profits for 2011-12 surged 19% to €83m at Chr Hansen as it shrugged off the effects of severe fluctuations in the price of red colorant carmine, and ongoing probiotic health claim uncertainty in Europe – its biggest yet most stagnant market.
Cargill has signed an agreement that will see Wild Flavors acquire its global juice cold blends and compounds business for an undisclosed amount, subject to anti-trust approvals.
Nestlé Australia has refused to confirm rumours that it is looking to exit its Nestlé Peters ice cream business in the country, after press reports today suggested a potential AUS $330m (€261m) sale.
Norwegian firm Orkla Brands has acquired a 100% stake in Polish bakery and confectionery ingredients sales and distribution company Kobo as it plans to modernise a plant in Poland.
Dairy Crest has announced the loss of its Tesco milk contract but says this bears no relation to new plans to close two dairies, as it cuts costs to sustain profitability in an 'extremely challenging' liquid milk market.
New Zealand firm A2 Corporation (A2C) has announced a strategic agreement whereby Synlait Milk will manufacture A2's branded nutritional powders on the firm's behalf as A2C aims at lucrative Chinese and Southeast Asian markets.
The Advertising Standards Authority (ASA) in the UK has ordered brewer AB InBev not to rebroadcast a radio advert that it said linked alcohol to sexual success, following a public complaint.
Swiss flavour house Firmenich says its new partnership with a Nigerian college will ensure long term and sustainable production of its flavours in Western Africa.
Stronger industrial starch margins in Europe have boosted sales at sweeteners manufacturer Tate & Lyle following the announcement of the firm’s full year results.
Barry Callebaut has outshone the global chocolate market in its six month results, but profits were stunted by recent partnership-related costs and supply chain investments.
The acquisition of up-for-sale Ragu manufacturer Symington’s could be the key to unlocking the success of Premier Food’s non-core brands, according to city analysts, after reports of private equity interest in the businesses.
Botanicals and natural flavours supplier, Vitiva, has opened a Polish office to meet rising demand there for food, nutraceutical, cosmetic and pharmaceutical applications.
A retail price war in Australia and New Zealand hit Fonterra’s consumer sales hard in the first half of 2012, while the firm said a strategy refresh will see it refocus its efforts on lucrative Chinese, Asian and Latin American markets.
As UK dairy player, Dairy Crest, indicates it is ready to flog off its jewel in the crown - St Hubert - a food industry analyst reckons Groupe Lactalis is the likely buyer.
AarhusKarlshamn will triple its work with women’s groups in Burkino Faso to cement its position as a ‘front runner’ in the market over the next two years.
Following its merger with local dairy player Unimilk in 2010, Danone will invest a further US$700m in Russia over the next five to seven years, aimed at driving capacity and growth.
Frozen food business - Iglo - is up for sale as the private equity group behind it - Permira - is getting out after five years of ownership; the asking price is set to be in the region of €3bn.
A deal with US company Verenium sees Dutch ingredients giant DSM acquiring exclusive world-wide licenses to alpha-amylase and xylanase enzymes within the food and beverage markets.
French company Naturex, in a move that gives it its first Asian industrial facility, has acquired a leading fruit and vegetable powder and natural colours producer in India - Valentine.
Analysts note the ‘truly awful’ financial results for 2011 from Premier Foods as the UK group announced a £259.1m (€312.6) pre-tax loss for the full-year after writing down the value of its bread division.
Flavour and botanical specialist Frutarom has expanded its presence in emerging Eastern markets by wrapping up a €34.6m deal to acquire Slovenian flavour firm Etol.
Players looking to capitalise on the growing African market may move for parts of United Biscuits (UB) following speculation of a split ahead of a £500m sale.
Ingredient supplier Symrise’s flavour and nutrition division is focused on expansion into the functional food arena as well as strengthening capacity to meet the "high demand" for menthol as the group reports a slowing down in Asian Pacific...
As a probe continues into the practices of French flour mills supplying commercial bakeries, France's anti-trust watchdog has this week hit those producers with a €149.4m fine over price fixing on packaged flour sold in supermarkets.
Dutch dairy concern Friesland Campina (FC) has reported that branded cheese sales in 2011 were hit by European consumers trading down from brands to cheaper products, and Middle Eastern turmoil.
Carling says that the branding and packaging for its new limited edition citrus beer, Carling Zest, was desined to push its premium positioning as an alternative to other summer drinks such as cider.
Several private label and secondary and tertiary brands such as Paxo Stuffing are likely to be divested by Premier Foods in the coming months, claim analysts, as the UK manufacturer gets breathing space from investors.
French botanicals giant, Naturex, will venture into the fruit and vegetable concentrates sector for the first time and almost double pectin production, as its acquisition of Polish manufacturer, Pektowin, is finalised.
Scandinavian confectioner Cloetta has announced the decision to close three of its factories and move production to other sites in a move that will result in 345 job losses.
Food giant Nestle has confirmed to ConfectioneryNews.com that it has suspended trade on its entire product range in Azerbaijan due to ‘supply problems’.
Dairy processor Arla has revealed plans to save at least DKK 500m (€67m) inside 18 months, and says that success demands the ability to reduce production costs, given tough competition with retailers.
An increased focus on food and nutrition is expected to become a major sales growth driver at DuPont in 2012, according to the company’s executive vice president James Borel.
ABF’s pre-closed period trading report released earlier this week showed its ingredients business to be its weakest, but the CEO of ABF Ingredients said this is a reflection of the difficult conditions in the yeast and bakery markets, and not on overall...
Nutrition and polymers were the stand-out divisions for Royal DSM in 2011, a year that saw operating profits rise 15% from €752m to €866m, as the newly life science-oriented ingredients giant singled out Martek buy-out success and committed to ongoing...