Two major poultry businesses have agreed to work together in a new joint venture to provide chicken, turkey and duck to the UK retail and foodservice market.
Food group Greencore reported a 46% rise in group revenue for the first half of the year despite massive changes to its global business, including significant investment.
The board of the Irish food and ingredient manufacturer has chosen Edmond Scanlon, the current chief executive of the group’s Asia-Pacific operations, to become the new CEO.
US poultry and swine production software firm MTech has been snapped up by Sweden’s Munters Group, a global leader in energy-efficient air treatment and climate solutions.
Raisio chief executive officer Matti Rihko tells us he is moving onto a new venture later this year and was proud to have overseen Raisio’s transition from a challenged regional player into a “profitable international brandhouse” in his 10 years at the...
Nomad Foods, the new owner of frozen food company Iglo Group, has reported a £392M loss in the six months to June 30 as the investment firm eyes other potential acquisitions.
Charoen Pokphand Foods (CPF) is set to expand its Russian presence with the acquisition of an integrated poultry business from Dutch firm Agro Invest Brinky for €614m ($680m).
Smithfield Foods executives have said their company plans to push sales of its own products strongly in Europe, now that its parent, the China-based WH Group, has announced the sale of shares in Spanish meat company Campofrio.
On the back of a deal with a ‘strong’ equity partner, Barentz International will use the additional funds to accelerate growth in its key markets in Europe, India, China and Asia Pacific, it said.
Companies make commitments to deforestation-free supply chains but some are still failing to take action, according to a report from the Carbon Disclosure Project (CDP).
Over 20 major food firms have signed up to health and wellness pledges on advertisement to children, consistent product information, open access to formulation policies and employee wellbeing as part of their commitment to Consumer Goods Forum (CGF) targets.
Danish Crown has announced the new chief executive of its beef operations, following the announcement that the company’s ‘Mr Beef’, Lorenz Hansen, was stepping down from the role.
The Canadian Food Inspection Agency (CFIA) has partnered with two other organisations to support a $1.4m genomics research project to eliminate listeria from the food supply.
US company Smithfield Foods has announced its readiness to meet the rising demand for ractopamine-free pork, following China and Russia announcing their need for such products.
Increasing demand for industry to produce healthier foods helped Novozymes to a strong 2012 performance in its food and drink business, however the Danish enzyme specialist says growth was ‘below expectation’.
French industrial business Groupe Caravelle has said it intends to acquire an equity stake in Naturex, following Spanish group Natraceutical’s sale of its 15.35% stake in the company earlier this month.
African integrated agri-business Zambeef has seen strong trading over the year to 30 September 2012, driven by rapidly increasing demand across meat divisions and continued growth in the Zambian economy, the company has announced.
WikiCells, a food packaging technology that could eliminate the need for plastic containers, has secured a $10m investment to launch its product next year.
Natural ingredients supplier Naturex has reported a healthy 15% growth in sales for the first half of its financial year on the back of ‘positive contributions’ from the firm’s new acquisitions.
Finnish supplier Raisio has turned in a bumper half-year with earnings before interest, tax and depreciation (EBIT) surging from €10.3m to €16.2m – a 73% rise.
Food and animal safety company Neogen reported a 30 percent boost to its net income to reach $22,839,000 for its 2011 fiscal year, which ended May 3. Net income climbed to $0.96 per share, compared with $0.76 per share the year before.
Dupont, which earlier in the year warned that its May $6.49bn acquisition of Danisco would dent its yearly profits, has defied expectations in second quarter results published today.
Naturex will expand again in 2011 with several “€5-20m” targets, 1.5 years after completing the €110m integration of Spanish supplier Natraceutical that made the French botanical extracts supplier the biggest in the world.
Naturex president and chief executive officer, Jacques Dikansky, tells Shane Starling why in August the French botanicals giant bought Spanish supplier, Natraceutical Group, to double its size for the third time since 2002.
Frutarom has reported a rise in net profit of 6.3 per cent to US$10m in the third quarter of this year and pledged to continue its acquisition strategy.
Naturex, the French-based botanicals giant that recently acquired the ingredients business of Spanish company, Natraceutical Group, will earn €185m in 2009 – up from its 2008 income of €93.2m, as it announced details of the deal.
Industry bodies in the US have welcomed the launch of a “unique” on-line food recall portal that will provide a “critical” information link between food processors and retailers.
While many Danish multinationals such as Carlsberg and Lego have opted to shift production abroad to drive their global success, Chr Hansen believes a domestic approach holds the building blocks for world dairy culture domination.
