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 completes acquisition of alcohol business
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 extends Danisco offer deadline for a second time
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 meets FY expectations, sells Fort Dodge site to Cargill
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)
Cosun finds a buyer for Unifine in Dawn Foods
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.
Acquisition boosts Cargill brand portfolio in India
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.
Raw material price hikes hit Swedish confectioner Cloetta
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 'steps up' production at sites beyond Ivory Coast
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 results may influence stockholders over DuPont offer
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.
Gordon Rhodes and Son expands seasoning production
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 announce joint venture for steviasucrose: NP Sweet
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.
BASF increases propionic prices in Europe and Asia
BASF has announced a price increase in Europe and Asia for propionic acid – a widely used ingredient across a raft of sectors including food, plastics and pharmaceuticals.