Business

Ferrero looks to guarantee quality of its hazelnut supply

Ferrero acquires hazelnut supplier Oltan

By Oliver Nieburg

The world’s biggest hazelnut buyer Ferrero has purchased the world’s largest hazelnut processor The Oltan Group for an undisclosed sum.

“This acquisition will reinforce AAK’s speciality oils and fats strategy and offers a strong foothold in Colombia, the third largest GDP in Latin America.

AAK acquires Colombian bakery fats firm FANAGRA

By Annie Harrison-Dunn

Swedish-Danish oils and fats giant AarhusKarlshamn (AAK) has acquired Colombian company Fabrica Nacional de Grasas (FANAGRA), which specializes in vegetable oils and fats for the bakery segment.

Carrefour closes doors on its Indian operation

India

Carrefour closes doors on its Indian operation

By RJ Whitehead

With a simple press release issued this week, Carrefour brought to a close its Indian experience by announcing the closure of its trade stores in the country.

British brands are trusted by international buyers

Overseas buyers are swooping on UK firms

By Nicholas Robinson

Mergers and acquisitions (M&As) of UK companies featuring overseas buyers increased by a whopping 71% in the first quarter of 2014, compared with the same quarter in 2013, according to Trefor Griffith, partner at financial advisory firm Grant Thornton.

How companies should act to stamp out fishing slavery in Thailand

Insight

How companies should act to stamp out fishing slavery in Thailand

By Marta Kasztelan

If modern-day slavery is ever to be eradicated from Thailand’s food sector, companies and supermarkets must set out to make their supply chains more transparent—a move for which there seems to be little appetite, especially among Thai suppliers.

UK halal specialist eyes European expansion

UK halal specialist eyes European expansion

By Nathan Gray

UK-based halal food manufacturer KQF has agreed a series of deals that will see its products gain a strong foothold in fast-growing markets in France and other European countries, says the firm.

Kendrick: 'right thing to do'

Nestlé commits to paying Living Wage

By Rod Addy

Business secretary Vince Cable praised Nestlé yesterday (June 30) as the first mainstream manufacturer to gain Living Wage accreditation, recognising its efforts to pay realistic living costs beyond minimum wage.

Mandatory sugar targets would hinder not help progress towards sugar reduction, said Jebb

Sugar targets ‘counter productive’ in obesity battle

By Michael Stones

Introducing sugar targets, in a bid to battle Britain’s obesity crisis, would be counter-productive, said Susan Jebb, ahead of a key report from Scientific Advisory Committee on Nutrition (SACN).

Up to 20,000 food industry professionals are expected to attend the IFT Show, with some reporting their thoughts via Twitter

IFT food show in New Orleans – captured in tweets

By Laurence Gibbons

One of the world’s biggest food ingredients shows – the Institute of Food Technology’s (IFT’s) Annual meeting and food expo – opened its doors in New Orleans last week (June 21). Here, we capture in tweets a flavour of the event.

Chinese xanthan gum prices hit all time low

Chinese xanthan gum prices hit all time low

By Lynda Searby

Xanthan prices continue to be very competitive, guar prices remain steady and cassia prices have escalated owing to a reduced crop in India, according to a hydrocolloids analyst.

Darby: 'Very positive development'

Premier Foods proposes powdered product deal

By Rod Addy

Premier Foods has launched a joint venture with Specialty Powders to process and pack powdered drinks and desserts at its Knighton factory in Staffordshire, home to its Bird’s, Angel Delight and Marvel brands.

Kudos Blends has pumped £500,000 into doubling production capacity in anticipation of a US boom, its CEO says

Kudos Blends anticipates US boom with Brenntag partnership

By Kacey Culliney

The US is considerably behind the UK in terms of sodium reduction, but is catching up and demand will boom over the next year, the CEO of Kudos Blends says as it secures US distribution with Brenntag North America.

CME Group to introduce cocoa contract on London futures market

CME Group spills beans on new cocoa contract

By Oliver Nieburg

Futures exchange company CME Group has made a “strong commitment” in the cocoa market and plans a new contract to rival the IntercontinentalExchange Group (ICE).

allergens, free-from, Dutch Spices

Dutch Spices claims first with allergen-free range

By Lynda Searby

Dutch Spices claims to have become the first company in Europe to offer a range of dry spice blends, marinades and sauces that are free from the 24 allergens on the Dutch food allergen database (Levensmiddelendatabank).

Leadbeater will bring over 25 years' experience to the role

2 Sisters appoints new chief financial officer

By Laurence Gibbons

2 Sisters Food Group has appointed Stephen Leadbeater as its new chief financial officer, following Steve Henderson’s decision to take early retirement.

2 Sisters is looking to diversify the customer base for its European poultry business

Protein star performer for 2 Sisters

By Rod Addy

Boparan Holdings, the holding company for 2 Sisters Food Group, has reported strong progress in its third financial quarter (Q3), with its protein division contributing significantly to sales and profitability.

Quillaja Saponaria

Naturex builds herbal foaming agents business

By Nicola Cottam

Naturex has paid an undisclosed sum for the yucca and quillaia foaming agents business of US player Berghausen, which will be exploited to develop tailored beverage formulas and target new customers in the US.

Unilever says Russia is still a land of opportunity

Unilever says Russia is still a land of opportunity

By Nathan Gray

Unilever CEO Paul Polman is confident that Russia will be an important growth market for the firm, and is ready to invest in new facilities and acquisitions in the area despite a slowing economy.

The boycott has arisen over claims about Denmark's animal welfare standards

Boycott of Danish pork widens in Sweden

By Gerard O’Dwyer, in Helsinki

Danish officials have raised concerns over a boycott of Danish pork in Swedish ICA Supermarket stores during a meeting of Nordic prime ministers in Iceland.

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