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.
National Starch is to be sold to US-based Corn Products International for US$1.3bn, current owner Akzo Nobel has confirmed. The news ends over two years of speculation over the business’ future and propels CPI into the European market.
Kellogg’s management has revealed its future acquisition strategy is to pursue international snack firms and increase its presence in Russia, Turkey and China and surrounding regions.
IOI-Loders Croklaan claims to be ushering in a new era of healthier oils and fats with the opening of its new plant, which uses enzymatic technology to interesterify oils and hone their properties in food products.
The Buhler Technology Group has acquired a Chinese specialist in flour improvement products to extend the range of services it offers clients in the country.
Dairy Crest has sold the bulk of its stake in Irish milk, cheese and cream maker Wexford Creamery to help pay off debts and reduce its exposure to “volatile commodity markets”.
Symrise is planning a major increase in its capacity of synthetic menthol as demand from confectionery and oral care sectors is surging, especially in emerging markets.
National Starch has developed a new native starch for use in products where processing rigours are low to moderate, and with a clean taste profile that makes it suitable for neutral sauces and soups.
A leading UK bakery, sugar and ingredients company is set to open a new factory this month to develop a larger range of artisan bakery goods which were identified as the source of strong first half performances in 2010.
The acquisition of National Starch appears to be off the agenda at Tate & Lyle, with the firm now "set to fall into enemy hands", according to analysts at Investec Securities.
Volac is rebranding its heat stable whey protein as ‘Volactive Hydrapro’, aimed at sports nutrition, to emphasise the benefits of hydration combined with protein.
Chr Hansen is making its initial public offering on the NASDAQ OMX Copenhagen today; with shares priced at DKK90, net proceeds of DKK3152m are anticipated.
BASF is constructing what it calls the world’s largest plant for the mint aroma L-Menthol, which it will start to supply as a flavouring agent to the global food, cosmetics and pharmaceutical markets.
Speculation about typical asset valuing ion the chemicals industry by Cognis’s chief financial officer, Marco Panichi, has led to a figure of €3.4bn being attached to the German ingredient company, as buy-out speculation mounts.
German chemicals and nutrients giant Cognis has turned in its best ever Q1 operating profit as sales across its three core divisions exceeded 2008 pre-financial crisis volumes in 2008 for the first time - fueling ongoing buy-out speculation.
