Business

Blakeslea trispora fungus

LycoRed buys Ukrainian carotenoid specialist

Israeli supplier Lycored has paid an undisclosed sum for a Ukrainian firm specialising in fungal pathogen-derived carotenoids in a move that brings a natural beta carotene into its portfolio.

PureCircle shores up stevia supplies

PureCircle shores up stevia supplies

By Rod Addy

PureCircle has diversified its supplies of stevia leaf, enabling it to step up global growth plans and defend its supply chain against future issues.

Paul Polman, Unilever chief executive:

Unilever posts ‘Nestle-like’ results

By Rod Addy

Unilever has become “Nestle-like” in its delivery of strong and consistent results, according to Andrew Wood, senior research analyst at Sanford C Bernstein.

Naturex reports H1 growth on back of acquisitions

Naturex reports H1 growth on back of acquisitions

By Nathan Gray

Natural ingredients supplier Naturex has reported a healthy 15% growth in sales for the first half of its financial year on the back of ‘positive contributions’ from the firm’s new acquisitions.

Office of Fair Trading probes Premier Foods disposal

Office of Fair Trading probes Premier Foods disposal

By Rod Addy

The Office of Fair Trading’s (OFT’s) investigation of Premier Foods’ sale of its vinegar and pickles business to Mizkan Group is unlikely to hamper the process, according to financial analyst Clive Black.

Red yeast rice: Helps maintain normal cholesterol levels

Gee Lawson enters China-dominated red yeast rice supply

By Shane Starling

UK supplier Gee Lawson has debuted organic red yeast rice (Monascus purpureus) into a sector dominated by Chinese supply and which has won a European Union health claim for cholesterol maintenance.

Sharp rise in UK food and drink acquisitions

Sharp rise in UK food and drink acquisitions

By Rod Addy

2012 has seen a “remarkable” rise in merger and acquisition activity involving the UK food and drink industry, with much of it taking place in the past two months, according to industry commentators.

DSM Food Specialities invests €20m in spray drying

DSM invests €20m in spray drying

By Rod Addy

Global ingredients firm DSM has pumped €20m into its Delft factory in the Netherlands, on top of a separate €100m investment in research and development in the region.

Mars opens €80m chocolate factory in Russia

Mars opens €80m chocolate factory in Russia

By Oliver Nieburg

Mars has opened a €80m (RUB 3.3bn) chocolate factory in Russia’s Ulyanovsk region as it looks to capture a greater share of the highest value BRIC chocolate market.

Palsgaard wins Corporate Social Responsibility award

Palsgaard honoured by Danish politicians

By Rod Addy

Ingredient specialist Palsgaard has won an award for its dedication to Corporate Social Responsibility (CSR) from the Danish liberal party, the largest party in Denmark.

Monsanto may lose billions in GM soy royalties row

Monsanto may lose billions in GM soy royalties row

By Nathan Gray

Monsanto faces the loss of billions of euros in revenues from its genetically-modified (GM) soy in Brazil after the country’s Supreme Court ruled that any decision reached in a local court case should apply nationally.

The new centre will cater to customer demand to be more involved in application development, says Vitiva

Vitiva ups customer involvement capabilities

By Kacey Culliney

Plant extract specialist Vitiva has opened an innovation centre in Slovenia to cater to increased consumer demands for joint involvement in application development.

Solbar ready to power up for growth post acquisition

Dispatches from Vitafoods Europe 2012

Solbar ready to power up for growth post acquisition

By Rod Addy

Solbar is preparing for strong global growth in the wake of its acquisition by farmer agri-cooperative CHS, according to Todd Watson, CHS global protein sales and development manager for food and food ingredients.

Siveele works with a range oif additives, including nisin

China invests in Dutch additives firm Siveele

By Rod Addy

Dutch food additives firm Siveele will benefit from considerable investment in the business from Chinese manufacturer Pangbo Biological Engineering, with preservatives being one focus for future development.

Symrise boosts menthol capacity at Holzminden with Lanxess help

Symrise targets menthol demand as Holzminden site expands

By Rod Addy

Flavours and fragrances giant Symrise outlined plans to grow the menthol category for foods and personal care products after confirming the completion of a €16m expansion in Holzminden, Germany, yesterday.

LycoRed expands natural colours range

Dispatches from Vitafoods Europe 2012

LycoRed aims new products at all-natural trend

By Rod Addy

LycoRed is facing a wave of consumers demanding natural alternatives to existing colours and is responding with new formulations in addition to broader product development.

Solbar outlines EU growth strategy post CHS acquisition

Dispatches from Vitafoods Europe 2012

Solbar targets UK, Europe for growth

By Rod Addy

Soy protein firm Solbar has outlined big plans for growth in several fields, including dietary and sports nutrition following the completion of its acquisition by US-based farmer co-operative CHS in February 2012.

Roquette buys out production assets of Indian starch firm to strengthen market presence

Roquette-Indian starch JV to drive market traction

By Kacey Culliney

French ingredients firm, Roquette, has bought three Indian starch production sites forming a new joint venture business in a bid to strengthen market presence in the strong Asian market.

Kellogg's hopeful that it can pop open Pringles globally

Kellogg seals the lid on Pringles buy

By Kacey Culliney

Cereal giant, Kellogg, has sealed its buy-out of Pringles for US$2.7bn, set to triple international business and stack it into second place on the global snacks market.

Cadbury bursts into UK popcorn segment

Cadbury bursts into UK popcorn segment

By Kacey Culliney

Kraft-owned Cadbury has expanded its sharing bag portfolio with a chocolate-coated toffee popcorn product, in a bid to burst into the UK’s rattling £42m (€52.46m) popcorn market.

 Food industry: Tate & Lyle annual results reveal Eminate development

Tate & Lyle plans more innovation as sales soar

By Rod Addy

Tate & Lyle revealed big plans for innovation as it reported soaring sales and profits driven by market forces that benefited its development of sweeteners and speciality ingredients.

Premier Foods IT project delivers massive savings

Premier Foods IT project delivers massive savings

By Rod Addy

UK grocery giant Premier Foods has halved IT operational costs in a project launched in conjunction with Google Enterprise that will enable it to coordinate cross-functional business projects more efficiently.

Greencore sales rise after Uniq acquisition

Greencore sales rise after Uniq acquisition

By Oliver Nieburg

Irish convenience foods manufacturer Greencore saw its sales soar in its first quarter interim results driven by its recent acquisition of Uniq.

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