Fragile fiscal confidence amongst consumers in Great Britain (GB) and Ireland means they are turning away from Britvic’s stills to its lower-priced carbonates, according to an analyst who follows the firm.
DuPont benefited from last year’s acquisition of Danish specialty food ingredient company Danisco in the fourth quarter of 2011, as revenue more than doubled in its nutrition and health business – although the chemical group’s overall profit fell slightly.
‘Convenience’ is the watchword within cheese ingredients for Dutch firm Vika Food Ingredients, with the company focusing its R&D efforts on products with this benefit, having just signed a new co-operative partnership with A-ware Food Group.
UK-based bakery firm Finsbury Foods has announced improved sales in a first quarter (Q1) trading driven by significant gains in its export business, but high commodity prices continue to squeeze profit margins.
Dairy Crest could be the next UK processor to find itself the subject of a takeover approach, while Müller will have to leverage its stronger market position to secure stronger growth in the country, analysts have suggested.
Exceptional sales growth for sugar will fuel expansion at Associated British Foods (ABF), say food industry analysts, even if Q1 continued to highlight struggles for the food ingredients side of the business.
SABMiller said today that ‘intense competition’ within European lager led to a fall in beer volume sales during the last quarter, but the brewer told BeverageDaily.com that it didn’t think there was a fundamental problem with the category in this market...
A downturn in sales throughout Western Europe has seen Barry Callebaut fail to meet its projected growth for the first quarter. However the Swiss chocolate supplier said it is still outperforming the market.
Israel-based flavours, botanicals and speciality ingredients player Frutarom has acquired 56% of Slovenian flavour company Etol for US$24.9m (€19.6m) and will bid for the full takeover in the coming weeks.
Robert Wiseman Dairies says it has agreed the terms of a £279.5m takeover deal by Müller UK (a wholly owned subsidiary of the German dairy giant) and is recommending the offer unanimously to shareholders.
Favourable market trends and successful business strategies have driven strong profits in Agrana’s sugar and starch segments, creating 20.2% growth for the first three quarters of 2011|12, the CEO said.
Groupe Lactalis’ bid to take over Sweden’s second largest dairy player fits with the French firm’s strategy of reducing its reliance on cheese, and would give it further brands with which to pursue milk product growth in emerging markets, according to...
Continuing on its recent acquisition trail, French botanicals group Naturex has bought up Polish pectin and juice concentrates manufacturer, Pektowin, in a bid to strengthen its concentrates portfolio and expand into emerging regions.
Simply filling a soft drink bearing a trademarked brand name does not itself violate an EU directive regarding use of that sign, according to the European Court of Justice (CJEU) in a high-profile ruling involving Red Bull.
UK-based United Biscuits (UB) may have attracted bidders from Asia and major companies like Kraft and PepsiCo amid rumours the company has split its operations into a snacks and biscuit division, according to an analyst.
The £34.7M sale of Premier Foods’ four Irish brands, Chivers, Gateaux, McDonnells and the Erin licence, to the Boyne Valley Group underline worries about the food giant’s ability to generate cash, one leading analyst has warned.
British bakery firm, Warburtons, has announced plans to invest and diversify its business over the next ten years, both in the UK and abroad as it sees strong performance in gluten-free and eastern European markets.
JK Sucralose’s upgrade to a facility in China, which will be completed by June next year, is set to more than double the sweetener supplier’s annual capacity in the short term, and narrow the gap with market leader Tate & Lyle.