Food quality and safety testing group, Intertek, has gained a food testing presence in the UK for the first time through the acquisition of Food Analytical Laboratories (FAL) for £6m.
Japanese ingredients supplier Ajinomoto has seen Q1 sales drop 2.6% to ¥296.3bn, with slow global economies and the aftermath of the March natural disasters in Japan affecting the results.
Dupont, which earlier in the year warned that its May $6.49bn acquisition of Danisco would dent its yearly profits, has defied expectations in second quarter results published today.
Kerry Group has confirmed it is in exclusive talks to buy the flavours arm of US food giant Cargill, which “may, or may not result in the sale of the business.”
Greencore ceo Patrick Coveney has told FoodManufacture.co.uk that he is “highly confident” that his company’s £113M cash offer for Uniq will be successful.
Nestlé has paid out bought €1.2bn for a majority stake in leading Chinese confectionery maker Hsu Fu Chi, with the Swiss group flagging up access to extensive production capabilities and a major distribution network as its wins.
The newly renamed Natural Colors Division was the star performer in Danish ingredients supplier Chr Hansen’s Q3 results, showing 34% organic sales growth for the quarter, compared to 5% for Cultures and Enzymes, and 9% for Health and Nutrition.
The French food ingredient manufacturer Savena has been snapped up by European private equity company, IK Investment Partners (IK), with plans to double its size within five years.
A continued rise in raw material costs will hit lower first half earnings, says bakery ingredients giant CSM in a trading update, with price hikes not enough to offset the surge.
German flavours giant Symrise said its longterm experience with exhaustive Russian paperwork via its Moscow sales and marketing office, allowed it to have its new Russian production facility open in “record time”.
McCormick has announced a deal to acquire Polish flavour company Kamis for 830 million Polish zloty (approximately 208 million euros), as the company looks to push in the Eastern European market.
Dutch fats and oils specialist IOI-Loders Croklaan will integrate breast milk alternative Betapol into its product range to complete the break-up of its subsidiary Lipid Nutrition announced yesterday.
A year after natural ingredients supplier Wild announced plans to go public, CEO Michael Ponder explained what an IPO can do for the company and what will determine its timing.
After a two month delay, sugar giant Agrana has started production at its new Egypt plant that will supply prepared fruit to dairy companies in the Middle East and North Africa.
Botanical extract manufacturer Chengdu Wagott is to open its second stevia facility in China, which it says will boost its Reb A capacity from 200 tons per year to 500 tons.
Pod-to-pallet industrial chocolate supplier Barry Callebaut has flagged up the potential for growth arising from the fact that independent analysts, Moody’s, has given the company an ‘investment grade’ status.
Frutarom is to acquire the majority of Chr Hansen’s ingredients blends business for meats and sausages for €25m, boosting its activities in the Italian market where it has hitherto had ‘slight’ presence.
The plant (ALA) and marine (DHA and EPA) sectors have not always agreed about omega-3 bioavailability and sustainability, but they recently came together against the negative health effects of omega-6 over-consumption.
Frutarom has reported a strong start to the year as the recovering economy and restocking trend brought organic sales growth, but has warned that it will continue to “act determinedly” over its selling prices when raw material costs require.
At Vitafoods Europe 2011, Jess Halliday caught up with event director Chris Lee to talk about the show’s ambitious expansion plans into Asia and South America.
DSM’s head of global marketing in human nutrition and health, Gareth Barker, explains why it has bought a carotenoid supplier (approval permitting), how the Martek acquisition is progressing, and why the company is not finished spending yet.
US chemical group DuPont has successfully completed its tender offer for Danisco, as 92.2 percent of outstanding shares in the Danish food ingredients firm were tendered by Friday’s deadline, DuPont said on Monday.
Co-founder of McCain Foods and chairman of Maple Leaf Foods Wallace McCain has passed away at the age of 81 following a 14-month struggle with pancreatic cancer.
Palsgaard has aquired the remaining 50 per cent share of Emulsion Holland and its South African subsidiary as it looks to leverage new technologies for chocolate emulsifiers in the future.
About one-third of the food produced globally for human consumption each year is wasted, according to a new report from the Food and Agriculture Organization (FAO).
A new deal is set to result in a huge injection of palm oil from certified sustainable sources into Europe and could spell the death knell for green certificates, said New Britain Palm Oil Limited.
An investigation into the cause of an industrial accident at a DSM plant in Italy that killed three workers eight months ago remains ongoing, the company said.
France’s Nutrionix as closed a €4m deal with investors Seventure Partners, SHAM and Business Angels, which will help it tap growth potential in salt reduction.
Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up on the same period of last year.
Private equity group Blackstone is close to acquiring the stake owned by investors Growth Capital Partners in Tangerine Confectionery, the largest British manufacturer of sugar confectionery and branded popcorn, claim media reports.
Bio Springer has announced moderate price increases for its yeast extracts due to the rising price of sugar, which reached a 30-year high earlier this year.
Elliott International has increased its Danisco shareholding to 10.01 per cent and has not yet given any indication of tender plans, despite the Friday deadline for 80 per cent of shares to be tendered in order for the deal to go through.
AAK is taking its rationalisation to a new stage in Q2 2011 as it repositions away from commodities towards higher value-lower volume specialty food ingredients.
The newly-acquired Cognis business had a positive effect on BASF’s Q1 Performance Products results, as the integration is on-track for completion by the end of 2011.
Reflecting the continuing industry trend toward outsourcing, Barry Callebaut said a new supply deal it has agreed with Hershey will put its annual deliveries beyond the current 80,000 metric tonnes.
DSM has tendered its 4.95 per cent stake in Danish ingredients firm Danisco, after buyer DuPont raised its offer to DKK700 on Friday following discussions with major shareholders.
The board of the Swiss company developing production of steviol glycosides by fermentation has proposed two new members, both with a background in food ingredients.
DuPont has increased its bid for Danish ingredients firm Danisco by 5.3 per cent to DKK700 per share, and has set a final deadline of May 13 for 80 per cent of shares to be tendered.
United Biscuits’ (UB) is aiming to increase the number of its suppliers signed up to the Supplier Ethical Data Exchange (Sedex) system to 80 per cent by the end of 2011, the firm said in its recent sustainability report.
Belgian supplier Puratos says its undisclosed acquisition this week of 17-year-old Latvian fruit fillings firm, Pure Food, is about expansion into the central and eastern European and Nordic regions – and the supermarket channel - but its artisanal customer...
