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.
Danisco is planning a major increase in capacity of Litesse polydextrose in response to demand for fibre-rich foods, and following a new definition of fibre that confirms the specialty sweetener’s classification.
Irish dairy and nutritionals company Glanbia has reported a 22.8 per cent increase in annual operating profit, returning the company to pre-recession earnings figures.
Germany’s Döhler and Plantextrakt have formed a strategic partnership and unveiled a new tea concept, which they claim will open up the global premium quality tea drinks market.
Leading palm oil producer Sime Darby, looking to meet the increased global demand for the key component of many baked goods, is reported to be involved in an expansion project in Africa.
Scottish sausage skin maker Devro is seeing growth due to rising meat consumption in emerging markets and the demand for conversion of casings from gut to collagen in animal hides.
Associated British Foods (ABF) has issued what stockbroker Shore Capital describes as a “rather subdued” trading update, following a disastrous UK beet sugar harvest
CSM will be forced to increase prices and reformulate products in 2011 due to the “dramatic increase” in commodity costs said the Dutch firm as it posted its full year results.
Nestle will use price increases as a last resort in the face of rising raw material costs, says its CEO, and only after implementing its 4-point strategy based on trend predictions, engaging suppliers, replacing ingredients, and cutting down waste.
Finnish dairy co-operative Valio is set to start construction of a new ingredients plant in Lapinlahit, to cater for increased demand within the baby food industry.
Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to the US giant's full-year accounts.
Fonterra has opened up new European headquarters in Amsterdam. Koert Liekelema, general manager for Europe, explains how the move will help the New Zealand dairy grow its value-added ingredients business.
Danisco’s executive board and members of its board of directors have accepted DuPont’s offer of DKK 665 per share, corresponding to 28,056 shares with a total value of DKK 18.7m, Danisco said on Wednesday.
