The group behind ingredients firms CNI, Bio Serae, Afritec, Starlight Products and NutriProcess, has unveiled more details of its growth spurt strategy following the acquisition of 76 per cent of shares by its CEO, including a team dedicated to new products...
Tereos has combined its European cereal assets with its Brazilian subsidiary and Indian sugarcane business to create Tereos Internacional, and is setting itself up as a leader in starch ingredients, sugar and bioethanol.
Cargill’s bid to buy Goodman Fielder’s edible fats and oils business looks to be scuppered by the Australian competition authorities, who say it would be an unacceptable concentration of refining assets in the country.
Cognis claims to have steered a steady course through last year’s economic upheaval. But despite a return to profitability, the downturn took its toll on nutrition and health and care ingredients sales.
Danisco has reported the first quarter of year-on-year growth for its sweeteners division since xylitol problems struck two years, but staff reductions are on the cards to get a strong foothold on profitability.
Dutch malt extract firm Diastatische Products is eyeing new opportunities for its malt extract ingredients in Belgium, Poland and the Middle East, and has a new distribution agreement with Univar to help it tap them.
Never before has the dangling of golden carrots in the boardroom been so closely scrutinised. DSM and others’ decisions to ensure those carrots have green shoots of sustainability attached to them is a wise and forward thinking move.
The emergence of more small to medium size food manufacturers in Algeria has led National Starch Food Innovation (NSFI) to appoint a local distributor, so it can better meet their needs for smaller orders and reactivity.
Dutch bakery ingredients supplier CSM, in releasing its 2009 full year results, said it saw more consolidation in the industry with the expected narrower supplier base leading to synergy savings and thus lower costs for the industrial, artisan and in-store...
Kraft has announced that it will begin to end pension increases for current and non-union hourly employees from year end 2019 but the US food group did not provide any clues in regulatory filings as to the future of the 100-year-old Cadbury pension fund.
Rectory Foods is eyeing up another year of bumper sales, despite the recession taking its toll on many in the sector. Its secret? Branching out into ingredients and responding quickly to market changes.
Frutarom has been snapping up healthy ingredient firms for the last couple of years due to an ambitious strategy to build presence in the high potential healthy market, back up claims with science and speed product development.
Rudolf Wild GmbH has sold some shares to asset manager Kohlberg Kravis Roberts & Co (KKR) in preparation for an eventual public listing, and plans to form a global flavour business with its US affiliate this year.
Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk anti-Americanism.
Kraft has struck an £11.7bn deal to acquire Cadbury in a move that could bring to an end months of fierce corporate battles, and Confectionerynews.com has constructed a timeline of key events in the takeover saga.