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...
French flavour firm Mane has entered into a joint venture in Jeddah to tap the growth potential of Middle Eastern food manufacturers – said to the first global flavour company to set up shop in Saudi Arabia.
Danisco has announced the latest in a string of capacity upgrades at its cellulose gum facility in China, in response to increasing demand from the food and oral care industries.
Premier Foods has today announced that its chief executive, Robert Schofield will be retiring once a successor has been appointed and no later than April 28 2012.
Dutch bakery ingredients supplier CSM said it expects to further recover increased input costs through price hikes in the coming months, as it announces a dip in first-quarter profits.
A year on from the formation of Oenobrands, a joint venture between DSM and Anchor Yeast, we went down to their offices in Montpellier, France, to find out about its first crop of wine yeasts and enzymes.
ADM Cocoa has opened a new technical centre in Germany, where its customers can go to experiment with flavour, mouthfeel and shelf-life of their chocolate-containing products.
Nestle is planning to buy a 60 per cent share in China’s Yinlu Foods Group for an undisclosed sum, in a move that will help household brand Yinlu gain more traction in the Central and Western regions of the country.
Givaudan’s has reported fair growth in Q1 in local currencies but a decline in Swiss Francs, but the second half of the year promises greater protection against raw material cost rises as a series of price increases will come into effect in Q2.
Cargill has bolstered production flow efficiency and consistency for repeat orders at its flavours plant in Grasse, France, through a ‘significant investment’ in re-design and equipment.
Chr Hansen has raised its outlook for 2010/11 after another fine set of results in Q2, with particularly strong performance from its colours and blends division – though it continues to keep close watch on carmine prices.
Kellogg's UK md Greg Paterson has stepped down, with the food manufacturer appointing a temporary successor until it finds a suitable long-term replacement.
Today ingredients supplier Symrise announced its intention to invest more into its German beverage compound factory as the plant celebrates its 100 year anniversary.
The European Commission today approved DuPont’s €4.5bn offer for Danish probiotics, enzymes and ingredients giant Danisco but the deal remains in doubt as to date only 6% of Danisco shareholders have accepted the offer.
Naturex will expand again in 2011 with several “€5-20m” targets, 1.5 years after completing the €110m integration of Spanish supplier Natraceutical that made the French botanical extracts supplier the biggest in the world.
Strong performance in emerging markets and a strategic focus on customer segmentation rather than individual products have driven Barry Callebaut to record half year profits.
Cargill has completed its acquisition of Royal Nedalco’s alcohol business from Royal Cosun, giving a new home to a division of the refocused Dutch company.
DuPont has extended its $6.3bn takeover bid for Danish biotech firm Danisco for the second time, after holders of only six percent of Danisco’s shares have accepted the offer.
Tate & Lyle looks set for full year results in line with expectations as its refocus on specialty ingredients pays off and it sells its mothballed facility in Fort Dodge, USA, to Cargill for US$57m (GB£36m)
Royal Cosun has struck a deal to sell Unifine to US bakery products and equipment supplier Dawn Foods, as it repositions to focus on processing of arable crops.
Unilever says it is spending around £2.6m to upgrade production and expand production at its historic Colman’s mustard factory in Norwich, but admits that it could shed up to 20 jobs as a result.
Cargill has expanded its brand portfolio in India with the acquisition of the refined sunflower oil brand Sweekar from Mumbai-based consumer goods manufacturer Marico.
Ongoing high prices for raw materials including cocoa, milk powder, sugar and wheat and a decline in contract manufacturing sees Swedish confectionery group Cloetta reporting second-quarter sales loss and falling first-half earnings.
BASF has announced plans to reduce its workforce by 450 by the end of 2012, as it progresses with its integration of Cognis and works towards its growth goal of €135m EBIT by the end of 2015.
Barry Callebaut has a contingency plan in place in light of ongoing Ivory Coast turmoil and has stepped up production at its cocoa processing facilities elsewhere to meet its customers’ needs.
Danisco’s fine Q3 results may make some investors less willing to sell, believing the company can bring profit alone or that DuPont may be persuaded to raise its offer, say commentators.
Investment in a new £150k production line by UK-based Gordon Rhodes & Son will boost production capacity of its bespoke seasonings and mixes by up to 60% and improve customer service, says the company.
Nordzucker and Pure Circle have created their joint venture company to handle development, sales and marketing of stevia and steviasucrose ingredients in Europe, following their agreement to work together last year.
Arla Foods is to establish a whey processing joint venture with the merged Nordmilch-Humana company DMK to produce whey protein concentrate (WPC) and lactose for the food industry.
The German cartel office’s fine of €38m imposed on Kraft Foods, Unilever and Dr Oetker for illegal disclosure of ‘competition relevant information’ may act as a deterrent to other brand owners and help end such practices, claims an antitrust expert.
In this special edition, we provide another chance to read the five most popular articles on the acquisition of Danisco by DuPont – a $6.3bn that has elicited great debate about consolidation in ingredients and which other firms could be hot property...
A leading businessman, tipped to become Parmalat’s interim CEO, has advocated an aggressive expansion strategy but a Nomura analyst cast doubt on the M&A prospects of the Italian dairy firm.
Finnish firm Raisio believes that collaborative procurement could be key to enabling medium sized, regional players to compete on a more equal footing with the multinationals.
Ingredients giant Agrana is investing €56m in a new wheat starch plant that will enable the company to enter the wheat gluten market for the first time
Chilean flavour and fragrance producer Cramer Productos Aromáticos is breaking into the European market, targeting mainly mid-sized food and beverage producers with its range of natural flavours and speciality South American flavours.
Symrise exceeded its sales and earnings for fiscal year 2010 thanks to the global economic recovery, strong boost in demand and a solid positioning in emerging markets.
Givaudan has started the build of its new manufacturing site in Hungary, which it says will increase capacity and grow its savoury flavours business in developing European markets.
