Danish bioscience firm Chr. Hansen is raising its revenue predictions by 11-13 per cent for 2010/11 after what it describes as “strong growth” in its first quarter from the September 1, 2010 to the end of November.
Danisco is to be snapped up by DuPont for $6.3bn, in a deal Dupont says could create a global leader in industrial biotech – and help drive science-based solutions to the world’s food and fuel challenges.
Change4Life healthy food vouchers are just the ticket for food industry marketers. But changing eating habits requires consistent, co-ordinated policy – not hand-outs to ease the population’s post-Christmas conscience.
UK poultry and ingredients firm Rectory is preparing for a new growth spurt with a move into a central Manchester location and a corporate restructuring to create Rectory Food Group as a holding vehicle for its divisions and brands.
PZ Cussons has spied opportunities in edible oils and spreads in Nigeria, and has established a two-pronged joint venture with Wilmar International to ensure the necessary ingredients will be available at the right cost and quality.
Stern-Wywiol Gruppe has set up a new company to tap opportunities in the Brazilian food and beverage industry, offering initially flour and bakery ingredients from its Mühlenchemie and DeutscheBack businesses.
Flavourings supplier Symrise claims it is now in a leading position for serving local clients in bakery and confectionery goods in the Middle East after establishing its own manufacturing site in Dubai.
Swiss chocolate maker Barry Callebaut is still aiming to dispose of its consumer confectionery unit, Stollwerck, but such a divesture is not urgent, according to the chairman of the board of the industrial chocolate supplier.
Danisco has completed the next phase of its cultures capacity expansion with the opening of modernised and enlarged facilities in Epernon, France, allowing it to reduce response times for DVI cultures.
The owners of Unifine Food & Bake Ingredients are seeking a buyer for the pastry ingredients supplier, with Royal Cosun saying it has retained an investment house to conduct a “comprehensive review of all strategic options.”
Cognis is anticipating record results in full year 2010, as higher demand, better capacity utilisation and a portfolio shift towards high-value products has delivered a bumper set of results for the first nine months.
Tate & Lyle has agreed the sale of its molasses business to W&R Barnett for £67 million cash, a deal that is consistent with its strategy to dispose of its bulk ingredient operations and focus instead on specialty ingredients.
Unilever has just launched its very ambitious sustainable living plan, which includes a pledge to source all agricultural raw materials sustainably by 2020. FoodNavigator.com speaks to VP of sustainability Karen Hamilton about how the company will go...