UK-based United Biscuits (UB) may have attracted bidders from Asia and major companies like Kraft and PepsiCo amid rumours the company has split its operations into a snacks and biscuit division, according to an analyst.
The £34.7M sale of Premier Foods’ four Irish brands, Chivers, Gateaux, McDonnells and the Erin licence, to the Boyne Valley Group underline worries about the food giant’s ability to generate cash, one leading analyst has warned.
British bakery firm, Warburtons, has announced plans to invest and diversify its business over the next ten years, both in the UK and abroad as it sees strong performance in gluten-free and eastern European markets.
JK Sucralose’s upgrade to a facility in China, which will be completed by June next year, is set to more than double the sweetener supplier’s annual capacity in the short term, and narrow the gap with market leader Tate & Lyle.
Danish company Palsgaard said a US $30m emulsifier factory located in Malaysia will be operational in just over 12 months and will bring the company closer to the supply of its key raw material - palm oil.
When French firm Iranex announced in November that it was merging Bio Serae Laboratoires and Colloides Naturels International (CNI) to form Nexira (an anagram of Iranex), some wondered about the wisdom of scrapping two established and recognised brands.
The second largest player on the Romanian chocolate market Kandia Dulce has acquired former competitor Supreme Chocolat, the third largest player, which could put pressure on market leader Kraft, according to an analyst.
Norwegian firm Orkla Brands has announced the sale of its bakery unit Bakers to the retail group NorgesGruppen for an undisclosed fee as retailers augment their dominance on the Norwegian bakery market.
Swedish ingredients firm AarhusKarlshamn (AAK) has announced improved sales and operating profit in its third quarter (Q3) results partly due to increased volumes from its acquisition of North American speciality fats business Golden Foods.
The private equity owners of the Findus group are reportedly set to sell some of the frozen food group’s assets, a move that does not surprise industry analysts who cite its heavy debt burden and ill-fitting business units.
Chr. Hansen’s full-year results are in line with expectations, says an analyst, but positives noted were the suppliers’ expectations for its EBIT margin growth and the better performance for its probiotics division in Q4.
Switzerland-based Wild Flavors has finalised the acquisition of US based AM Todd, a producer of natural mint flavors and value-added mint ingredients, and also has specific technologies for organic flavors and ingredients.
Global group International Flavors & Fragrances (IFF) has opened a dedicated facility in Dubai, with an industry insider hailing the move as strategic in terms of leveraging growing demand in the Middle East and Africa.
Ferrero has announced plans to build a new factory in Turkey in the province of Manisa to leverage its position in a confectionery market that has grown 120% since 2004, according to figures from Mintel.
Fonterra says it fears it will lose around NZ $20m of milk a day after it was forced to close 15 of its 17 processing sites on North Island, following a break in a gas pipeline on Monday that led to operator Vector requesting that businesses do not use...
A management buyout in tandem with a private equity alliance could be a likely outcome in any change of ownership of Greencore, claims Shore Capital Stockbrokers, following the surprise news yesterday that the manufacturer had received a preliminary takeover...
Some 700 new jobs are set to be created in the sector after communities secretary Eric Pickles confirmed that he would not call-in Danish dairy cooperative Arla Foods’ application to build a new £150M dairy in Buckinghamshire.
Coffee roasting firms Kraft and Krüger have been hit by fines totaling €9m for allegedly fixing instant cappuccino coffee prices in Germany, activity that the nation's federal competition agency said most likely meant higher consumer prices.
Last year's severe summer drought in Russia has hit Danone’s third quarter (Q3) 2011 dairy sales in the country, with the French company forced to raise prices to end consumers due to higher ingredients costs.
CSM may be able to move out of the danger zone if pressures alleviate on the costs input side towards mid-2012 and if its new rationalization plan generates some significant cost savings, notes an analyst.