Consolidation in the European fats business likely as Aarhus United
shareholders yesterday clear the way for the merger with number one
Scandinavian fats and oils firms Karlshamns, reports Lindsey
Partos.
Consolidation in food ingredients continues with Nordic fats and
oil firms Aarhus United and Karlshamns set to merge, creating one
of the world's leading suppliers of cocoa butter alternatives,
reports Lindsey Partos.
Sales volumes improve for speciality fats but bulk vegetable oils
continue to feel the pressure in the first quarter for fats and
oils firm Aarhus United.
A Chinese farm and chemical group is in the process of buying
Danish speciality fats business Aarhus United, and the deal could
close by the end of the month, according to reports in the Danish
press.
The sale of Danish cocoa butter replacer Aarhus United is 'taking
longer than anticipated' with news today that the majority
stakeholder is still waiting to confirm a buyer, Lindsey Partos
reports.
As a pending sale looms in the background, and after a patch of
fading sales and tighter margins, Danish vegetable fats supplier
Aarhus United is on the up, with the company marking improved
growth for 2004, writes Lindsey Partos.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
The majority shareholder in Danish vegetable oil firm Aarhus United
could soon place its considerable stake on the market, citing a
potential difference in long-term investment interests.
First half sales at Aarhus United fell 3 per cent, eroded by price
competition in bulk oils, but improved volumes, particularly in
Mexico, and reduced costs helped it generate solid operating
profits.
Danish fats and oils firm Aarhus United will shed a spinkling of
jobs in an effort to curb costs in the face of intensified
competition and lower than expected sales.
Expecting a higher uptake of vegetable fats by European chocolate
manufacturers following the new '5 per cent' chocolate rule, Danish
oils and fats supplier Aarhus United sees a drop in income for
2003, compounded by currency...
Despite strong sales in confectionery speciality fats, Danish
Aarhus Oliefabrik on Wednesday reported a drop in post-tax profits
to DK 19.4 million (€2.61m) for the first quarter of 2003, compared
with DK 21.8 million for the same...
Danish vegetable oils and speciality fats company Aarhus Oliefabrik
this week reports a drop in consolidated operating income for the
third quarter as intense price competition and the impact of global
recession takes its toll.
Danish oil and fat ingredients company Aarhus Oliefabrik fell in
line with market expectations this week when it reported a post-tax
profit of DKK 166 million (€22.3m). In the third quarter of 2001
the company had predicted a profit...
