Business

The JV will include production of HFCS

Cargill and Arasco agree Middle East joint venture

By Caroline Scott-Thomas

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.

Healthy food enzymes help Novozymes report 2012 growth

Healthy food enzymes help Novozymes report 2012 growth

By Nathan Gray

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’.

Britvic makes Tango, Robinsons, J2O and Fruit Shoot

Britvic’s merger with AG Barr delayed

By Lorraine Mullaney

Britvic’s merger with AG Barr has been delayed by the Office of Fair Trading (OFT), which extended its timetable for a decision today (January 14).

Picture Copyright: Lemsipmatt/Flickr

Pernod Ricard will splash cash on global brands after €103m sale

By Ben BOUCKLEY

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'.

CP Kelco to increase CMC production in Finland

CP Kelco to increase CMC production in Finland

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.

Groupe Caravelle to acquire equity stake in Naturex

Groupe Caravelle to acquire equity stake in Naturex

By Caroline Scott-Thomas

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.

United Biscuits sells KP Snacks to Intersnack

Intersnack snaps up KP Snacks for undisclosed sum

By Kacey Culliney

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.

Chr. Hansen expands in Russia

Chr. Hansen expands in Russia

By Caroline Scott-Thomas

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.

Royal Wessanen to cut 300 jobs

Royal Wessanen to cut 300 jobs

By Caroline Scott-Thomas

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.

Synergies and mint trends: Wild and AM Todd one year on…

Synergies and mint trends: Wild and AM Todd one year on…

By Caroline Scott-Thomas

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.

Exports and overseas growth drive Volac profits

NEWS IN BRIEF

Exports and overseas growth drive Volac profits

By Mark Astley

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.

Agropur to invest $100m in US whey processing

Agropur to invest $100m in US whey processing

By Mark Astley

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.

Greencore boss Patrick Coveney described 2012 as 'a breakthrough year'

Greencore reports ‘breakthrough year’

By Mike Stones

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 eyes big food industry opportunities in Africa

Nestlé eyes big food industry opportunities in Africa

By Caroline Scott-Thomas

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...

First Milk eyeing expanding Asian dairy markets

First Milk eyeing expanding Asian dairy markets

By Mark Astley

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.

Greencore workers won an employment tribunal against the firm last week

Greencore workers win £1.2M pay row

By Mike Stones

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.

Gelatine price increases continue at Rousselot

Gelatine price increases continue at Rousselot

By Caroline Scott-Thomas

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 Foundation honours former CEO with name change

Naturex Foundation honours former CEO with name change

By Nathan Gray

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.

One of Glendale Foods' Yankee products

Glendale Foods refurb breaks new ground in UK

By Rod Addy

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.

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