The Genius gluten-free fresh bakery brand is now worth more than £10m at retail level, just 15 months after launch, making it one of the most successful launches in the free-from market over the last decade.
Leading Spanish food company Grupo Siro has opened a €6m research and development facility in El Espinar, northern Spain to develop a range of new products including ones suitable for consumers who are intolerant to gluten and for children.
Industrial chocolate supplier Barry Callebaut has secured a key, long-term supply contract with Kraft Foods, which will see the Swiss firm invest €51m to expand production capacity in North America, the Ivory Coast, Malaysia and Europe.
German ingredient firm SterEnzym has joined forces with a Lallemand group to create a new range of enzyme and yeast combinations targeting sprit manufacturers in the eastern bloc.
Kerry Group’s strong interim performance has prompted the Irish ingredients and finished product firm to raise its earnings forecast, with more investment planned in emerging regions.
Givaudan plans to streamline its savoury flavour manufacturing production in Europe, with a new plant in Hungary designed to take over most of its current production from the UK and Switzerland.
Glanbia has reported a significant recovery in turnover and profits for the first six months of 2010, driven largely by the strong performance of its nutrition and ingredient businesses.
Olam International is planning to invest $43.5m to build its first, large greenfield cocoa processing plant in the Ivory Coast as well as additional primary processing and warehouse facilities.
Cost reduction and streamlining efforts at Danisco have pushed the firm ahead of budget, prompting a re-assessment of targets while the firm also places a renewed focus on sustainability.
Corn Products International has said the Federal Trade Commission (FTC) has given initial approval of its $1.3bn acquisition of National Starch, with the deal expected to be finalized by early October.
Frutarom’s double-digit growth in Q2 is due to accelerated growth in specialty fine ingredients and excellent flavours sales, says the firm, which has a rapid growth strategy in place.
Specialist fat supplier reports strong growth in cocoa butter alternatives, sustaining an increase in operating profits in spite of growing market uncertainty.
Baking, brewing and beverage enzymes have continues to push growth in Novozyme’s food enzymes division, with their ability to improve product quality and systems performance said to be behind the higher demand.
The struggling economies of Southern and Eastern European countries marred the sales figures of CSM’s bakery supplies division over the last six months, which growth from the UK and Germany could not offset.
Symrise has seen its flavour and fragrance orders rebound to pre-economic crisis levels and has expanded its business with some key customers in the first half of this year.
Volac took a £1m hit to its operating profit its full year ended in February due to the tough trading conditions, but is upbeat about growth prospects and integration of recent acquisitions.
Givaudan has reported a strong first half performance, with results boosted by the successful integration of Quest International as well as continued growth in developing markets.
A new Swiss company has been formed called Wild Flavors GmbH, bringing together the global food ingredients companies that bear the Wild name under a new structure.
Nestle has boosted its clinical nutrition activities, this morning announcing its acquisition of a UK-based manufacturer of tailor-made food products for people with inherited metabolic disorders.
Cargill has announced a deal to supply Unilever’s European operations with 10,000 metric tonnes of fully segregated refined RSPO certified palm oil but no dateline was given.
Thai Union Frozen Products is to become the world’s largest seafood firm with the acquisition of MW Brands, owner of John West canned tuna, for US$884m.
Stevia supplier PureCircle saw its share price plummet yesterday (Tuesday) after it said in a trading update that its profits for fiscal 2010 would be down on last year.
Naturex’s has indicated that the first six months of 2010 have brought strong revenue-growth as it set about integrating the ingredients division recently acquired from Natraceutical, but all its business arms contributed to the fine results.
British Sugar has joined forces with natural sweeteners firm PureCircle to develop new bulk sweeteners combining sugar and extracts from the stevia leaf.
The European Commission has approved part of the proposed acquisition of ingredient firm Eurochem by Univar, which could see a host of food chemicals added to its product portfolio.
The German food industry is targeting new trade and investment from food firms in the US at the IFT trade show in Chicago this year, as Germany can provide access to continental Europe and top R&D capabilities.
Tate & Lyle has completed a planned European polydextrose manufacturing facility, which the firm says will help reduce costs for the customers in the region.
China, India and the US must make firm commitments to sourcing sustainable palm oil if any meaningful progress is to be made on tackling deforestation, according to one UK government minister.
Press reports suggesting that breaking up the Food Standards Agency (FSA) would constitute a ‘victory’ for the food industry are misleading and “very annoying”, according to the boss of the Institute of Food Science & Technology (IFST).
Ian Butler has been appointed innovations director at Synergy, tasked with expanding innovation activities, overseeing the creation of a new analytical research function and hiring new staff.
CP Kelco has announced that it is injecting $8m investment into its pectin plant in Skensved, Denmark to meet growing demand for its amidated pectin for use in low-sugar and sugar-free products.
Higher sugar prices and volumes have helped boost third quarter revenues at Associated British Foods, signalling continued strong performance into the second half of the year.
The globe’s biggest food company Nestle is to invest €112.33m (CHF 150m) in the Equatorial African Region (EAR) over the next three years to grow its revenue from emerging markets.
Brenntag is to acquire Asian chemicals distributor EAC Industrial Ingredients for €160m cash in a move that will significantly expand its presence in the Asia food, cosmetics and pharmaceutical sectors.
Recently floated Chr Hansen has reported 11 percent growth in revenue for the first three quarters of 2009/10, with increased across all three of its business divisions.
The proceeds from Tate & Lyle's sale of its EU sugar business should give bosses the firepower to develop an added-value food ingredients business of at least £500m, according to City analysts.
‘Billion dollar deal’ was not a phrase bandied about the food ingredients industry much last year. With BASF buying Cognis for €3.1bn and Corn Products International paying $1.3bn for National Starch, M&A looks to be thawing – but best not get over-excited...
French bakery ingredients firm Eurogerm is chasing the high potential Asian market, and has entered an agreement with Japanese flour miller Nisshin Seifun to target it effectively – including a 15 per cent share sale.
Frost & Sullivan's 2010 European Food Enzymes Technology Innovation Award has gone to Netherlands-based ProteoNic for its contribution to cost and energy reductions in food enzyme manufacturing.
BASF’s €3.1bn buy-out of Cognis is driven by interest in all of the German company’s three divisions – personal care, household chemical and human nutrition – but although human nutrition is the smallest part of the acquired operation, it was vital to...
Danisco is forming a new logistics unit to underlie its three food ingredients divisions covering emulsions, cultures and sweeteners, in a bid to bring greater efficiency in its dealings with customers.
Danisco achieved 6 per cent in revenue for its full year 2009/10 and strong profit growth; all divisions with the exception of sweeteners contributed to its margin expansion.
The planned acquisition of National Starch will launch Corn Products into Europe, and give it more leverage when dealing with five or six major food manufacturers that aim to cater to global tastes.
